TIVAN LIMITED — Capital/Financing Update 2013

Aug 13, 2013

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ASX ANNOUNCEMENTASX ANASX ANNOUNCEMENTOUNCEMENT 2214 August 2013ND July 2013FEBRUARY 2013 ASX CODE: TNG ASX CODE: TNG ASX CODE: TNG

REGISTERED OFFICE

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

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

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

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

DIRECTORS

DIRECTORSDIRECTORS Neil Biddle JJ Jianrong Xu Chairman ianrianrong Xu Paul Burton n Xu Chairman Paul Burton MD Stuart Crow MD Michael Evans Neil Biddle Michael Evans Stuart Crow COMPANY SECRETARY Rex Turkington Rex Turkington Simon Robertson Wang Zhigang Wang Zhigang

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

Mount Peake: Fe-V-Ti Mount Peake: Fe-V-Ti CONTACT DETAILS Manbarrum: Zn-Pb-Ag Manbarrum: Zn-Pb-Ag Paul Burton | +61 8 9327 0900 • ings. East Rover: Cu-Au East Rover: Cu-Au Nicholas Read | +61 419 929 046 improve McArthur: Cu McArthur: Cu Simon Robertson | +61 8 9327 0900 Mount Hardy Cu-Au Mount Hardy Cu-Au Sandover Cu-Au Sandover Cu-Au

CONTACT DETAILSCONTACT DETAILS

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

TNG RAISES $1.2M THROUGH WELL SUPPORTED SHARE PURCHASE PLAN

TNG Limited (ASX: TNG) is pleased to announce that the Share Purchase Plan (SPP) announced on 2 July 2013 closed on Friday, 9 August 2013, raising $1.2 million before costs.

Under the terms of the SPP, eligible shareholders were offered the opportunity to subscribe for up to $15,000 worth of fully-paid ordinary TNG shares at an issue price of $0.045 per share including a free attaching listed option on a 1-for-2 basis. The options will have an exercise price of $0.08 per share and an expiry date of 31 July 2015.

This is a positive outcome, representing a total take-up of approximately 34% of the capped total targeted by the SPP of $3.5 million. Any shares not subscribed for by eligible shareholders under the SPP will comprise the shortfall and may be offered to institutional and/or sophisticated investors as a separate placement, at the discretion of the Directors.

TNG’s Managing Director, Mr Paul Burton, said the Company had had preliminary discussions from investors for the shortfall, and Directors will decide whether to proceed to place this shortfall over the coming weeks.

“This is a good result in the current difficult market environment and reflects both the strength of our share register and the quality of our key assets. I would like to take the opportunity to thank our shareholders for their strong support.

“Considered together with our existing cash and investments of around $2 million, the $3 million expected by early October from our Research & Development refund claim, and the positive recent outcome of the Davis Samuel case, this places the Company with a sound platform to advance our key assets in a measured and focused manner.

“The funds raised will primarily be used to continue the Feasibility Study on our flagship Mount Peake Vanadium-Iron-Titanium Project in the Northern Territory and for general working capital purposes,” he said.

ENDS

For further information:

Paul E Burton

Paul E Burton Managing Director

Managing Director + 61 (0) 8 9327 0900 Nicholas Read Read Corporate + 61 (0) 8 9388 1474