TIVAN LIMITED — Capital/Financing Update 2013

Aug 29, 2013

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ASX ANNOUNCEMENTASX ANASX ANNOUNCEMENTOUNCEMENT

2230 August 2013ND FEBRUARY 2013

ASX CODE: TNG ASX CODE: TNGASX CODE: TNG

TNG RECEIVES $3.2M RESEARCH & DEVELOPMENT REBATE

Further strengthens cash position

REGISTERED OFFICE

REGISTERED OFFICE TNG Limited TNG LimitedLevel 1, 282 Rokeby Road Level 1, 282 Rokeby RoadSubiaco, Western Australia 6008 Subiaco, Western Australia 6008

T +61 8 9327 0900 T +61 8 9327 0900F +61 8 9327 0901 F +61 8 9327 0901F +61 8 9327 0901

W www.tngltd.com.au W www.tngltd.com.auW www.tngltd.com.au E corporate@tngltd.com.au E corporate@tngltd.com.auE corporate@tngltd.com.au

ABN 12 000 817 023 ABN 12 000 817 023ABN 12 000 817 023

DIRECTORS

DIRECTORS DIRECTORS Neil Biddle Jianrong Xu Paul Burton Chairman Paul Burton Stuart Crow MD Michael Evans Neil Biddle Stuart CrowCOMPANY SECRETARY Rex TurkingtonSimon Robertson Wang ZhigangWang Zhigang

PROJECTS

COMPANY SECRETARYCOMPANY SECRETARY Mount Peake: Fe-V-Ti Simon RobertsonSimon Robertson Manbarrum: Zn-Pb-Ag East Rover: Cu-Au PROJECTSPROJECTS McArthur: Cu

Mount Peake: Fe-V-Ti CONTACT DETAILS ManbarrPaul Burton | +61 8 9327 0900 u m: Zn-Pb-Ag East Rover: Cu-Au Nicholas Read | +61 419 929 046 McArthur: CuSimon Robertson | +61 8 9327 0900 Mount Hardy Cu-Au Sandover Cu-AuSandover Cu-Au

CONTACT DETAILSCONTACT DETAILS

Paul Burton | +61 8 9327 0900Paul Burton | +61 8 9327 0900 Nicholas Read | +61 419 929 046Nicholas Read | +61 419 929 046 Simon Robertson | +61 8 9327 0900

TNG Limited (ASX: TNG) is pleased to advise that it has now received the full amount of its Research & Development refund claim totalling $3,195,992 million before costs.

The claim covers eligible test work for the 2013 financial year under the Federal Government’s R&D tax incentive scheme.

Under the R&D tax incentive scheme, companies with a turnover of less than $20 million which undertake research & development activities are entitled to a cash refund of 45 cents per dollar spent on eligible research and development in Australia.

This incentive provides direct assistance for companies like TNG to continue their research and development activities with a view to potentially building further value for shareholders.

TNG’s research relates to the commercial extraction of high purity vanadium, titanium and iron from vanadiferous-titanomagnetite using its TIVAN™ hydrometallurgical process (patent pending).

The TIVAN™ process forms a key part of the Company’s development plans for its flagship Mount Peake Vanadium-Iron-Titanium Project in the Northern Territory and its strategy to become a significant producer of strategic metals.

The R&D claim will further strengthen the Company’s cash resources, ahead of any potential placement of the shortfall available from its recently completed Share Purchase Plan.

The Company’s strengthened cash position will enable it to continue to progress the commercialisation of its TIVAN™ process and development of Mount Peake.

Paul E Burton Managing Director

Enquiries:

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 W estern Desert Resources and strategic investment from Ao-Zhong Ltd., a 100% owned subsidiary of China’s ECE Ltd.

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