TIVAN LIMITED — Capital/Financing Update 2013

Jul 23, 2013

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ASX ANNOUNCEMENTASX ANASX ANNOUNCEMENTOUNCEMENT

2224 July 2013ND July 2013FEBRUARY 2013

ASX CODE: TNG ASX CODE: TNG ASX CODE: TNG

SPP CLOSING DATE EXTENDED TO FRIDAY 2 AUGUST 2013

ASX waiver received enabling Directors to participate

REGISTERED OFFICE

REGISTERED OFFICEREGISTERED OFFICE TNG Limited

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

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

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

ABN 12 000 817 023 ABN 12 000 817 023

TNG Limited (ASX: TNG) advises that the closing date for its Share Purchase Plan (SPP) has been extended from 25 July 2013 to Friday 2 August 2013, to provide additional time for eligible shareholders to participate.

The company has been made aware that some documentation was delayed and this has had to be re-sent. Any shareholders who still have not received their offer documents are encouraged to contact the company immediately.

As foreshadowed in the Prospectus accompanying the SPP offer document. TNG applied for a waiver from ASX Listing Rule 10.11, to allow Directors who are eligible shareholders to participate in the SPP without the approval of shareholders.

DIRECTORS

DIRECTORS Neil Biddle JJ Jianrong Xu Chairman ianrong Xu ianrong Xu Paul Burton Chairman Paul Burton MD Paul Burton Stuart Crow MD Neil Biddle Michael EvansMichael Evans Stuart Crow 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 Simon Robertson | +61 8 9327 0900

Paul E Burton Managing Director

TNG is pleased to advise that it has now received the requested waiver on the following terms:

“ Based solely on the information provided, ASX Limited (“ASX”) grants TNG Limited (the “Company”) a waiver from listing rule 10.11 to the extent necessary to permit the Company, without shareholder approval, to issue its related parties one free attaching option for every two shares subscribed for under the share purchase plan announced by the Company on 2 July 2013 (“SPP”), on the following conditions.

1.1. Related parties are offered securities under the SPP on the same terms as other shareholders.

1.2. Related parties do not participate in the SPP shortfall. "

Directors who are eligible shareholders have confirmed that they will support the capital raising by participating in the SPP.

The revised timetable for the remainder of the offer period is set out below:

Date(and time if relevant)	Event
5pm WST, Friday, 2 August 2013	Closing Date Application Forms together with payment by cheque or money order must be received by this time and date. NOTE:BPAY payments must be received by 4pm WST, Friday, 2 August 2013 (which is when the BPAY system closes on the Closing Date).
Friday, 9 August 2013	Allotment Date The date on which the New Shares and Options are expected to be allotted and any scale back of the New Shares and Options is announced.
Monday, 12 August 2013	Trading Date The date on which the New Shares and Options are expected to begin trading.
Monday, 12 August 2013	Despatch Date Transaction confirmations / holding statements will be sent to shareholders on or around this date.

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Enquiries:

Paul E Burton,

Managing Director + 61 (0) 8 9327 0900

Nicholas Read Read Corporate + 61 (0) 8 9388 1474