TIVAN LIMITED — Capital/Financing Update 2013

Sep 24, 2013

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ASX 25 September

ASX CODE:

REGISTERED TNG Level 1, 282 Rokeby Subiaco, Western Australia

T +61 8 9327 F +61 8 9327

E

ABN 12 000 817

Jianrong Paul Michael Stuart Rex Wang

COMPANY Simon

Mount Peake: Manbarrum: East Rover: McArthur: Mount Hardy Sandover

CONTACT

Paul Burton | +61 8 9327 Nicholas Read | +61 419 929 Simon Robertson | +61 8 9327

NT GOVERNMENT AWARDS MAJOR PROJECT STATUS FOR MOUNT PEAKE VANADIUM-TITANIUM-IRON PROJECT

Another key milestone for Mount Peake in its march to development

TNG Limited (ASX: TNG) is pleased to announce that the Chief Minister of the Northern Territory, the Honourable Adam Giles, has awarded Major Project Status to the Company’s flagship Mount Peake Vanadium-Iron-Titanium Project.

The grant of this status provides a “whole of Government” approach to Mount Peake, recognising it as a designated Major Project of significance to the Northern Territory. The NT Department of Business has been nominated as the lead agency to work with TNG to finalise a Project Development Agreement.

The Mount Peake Project is located 235km north-west of Alice Springs in the prospective Arunta Province, close to existing power and transport infrastructure including the Alice Springs-Darwin Railway and the Stuart Highway.

A Definitive Feasibility Study is currently advancing and due for completion in Q1 2014, including a potential two-stage development option with a low capital cost start-up development producing magnetite concentrate. TNG is aiming to commence construction of the Project in 2014, with first production and exports proposed to commence in 2015.

TNG’s Managing Director, Mr Paul Burton, said he was delighted to have received the support of the NT Government through the award of Major Project Status, which recognised the significance of the project and the long-term benefits it could deliver.

“Mount Peake is a large, long-life project that will bring a range of important benefits to the Northern Territory, both through its construction and during production,” Mr Burton said.

“These include employment, training opportunities, royalties and benefits to indigenous communities in the region,” he said. “We are very pleased to have received this recognition from the NT Government and we look forward to working with the Government agencies to deliver the project for the benefit of all stakeholders.”

Paul E Burton Managing Director 25 September 2013

Enquiries:

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Paul E Burton,

Managing Director + 61 (0) 8 9327 0900

Nicholas Read

Read Corporate + 61 (0) 8 9388 1474

Forward-Looking Statements

This announcement has been prepared by TNG Ltd. This announcement is in summary form and does not purport to be all inclusive or complete. Recipients should conduct their own investigations and perform their own analysis in order to satisfy themselves as to the accuracy and completeness of the information, statements and opinions contained.

This is for information purposes only. Neither this nor the information contained in it constitutes an offer, invitation, solicitation or recommendation in relation to the purchase or sale of TNG Ltd shares in any jurisdiction.

This does not constitute investment advice and has been prepared without taking into account the recipient's investment objectives, financial circumstances or particular needs and the opinions and recommendations in this presentation are not intended to represent recommendations of particular investments to particular persons. Recipients should seek professional advice when deciding if an investment is appropriate. All securities transactions involve risks, which include (among others) the risk of adverse or unanticipated market, financial or political developments.

To the fullest extent permitted by law, TNG Ltd, its officers, employees, agents and advisers do not make any representation or warranty, express or implied, as to the currency, accuracy, reliability or completeness of any information, statements, opinions, estimates, forecasts or other representations contained in this announcement. No responsibility for any errors or omissions from this arising out of negligence or otherwise is accepted.

This may include forward looking statements. Forward looking statements are only predictions and are subject to risks, uncertainties and assumptions which are outside the control of TNG Ltd. Actual values, results or events may be materially different to those expressed or implied.

About TNG:

TNG Ltd is a junior exploration company with a focus on exploration and development of projects in the Northern Territory of Australia.

The company is currently developing its 100% owned world class Mount Peake Vanadium –Titanium – Iron project in the which is currently in the Definitive Feasibility Stage, with anticipated production in 2015. In addition it is also actively exploring its copper projects including its 100% owned Mt Hardy project which is emerging as a potential major Copper/Gold and polymetalic project.

The company has joint ventures on its other projects with Rio Tinto, Norilsk, and Western Desert Resources and strategic investment from AoZhong Ltd., a 100% owned subsidiary of China’s ECE Ltd.

For more information please see the company’s website at www.tngltd.com.au

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