TIVAN LIMITED — Capital/Financing Update 2013

May 14, 2013

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TNG EXPANDS CAPITAL RAISING TO $1.45M

ASX ANASX ANNOUNCEMENT OUNCEMENT

15[th] May 2013 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 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

POTENTAL SUPPORT FROM MAJOR CHINESE SHAREHOLDERS TO PARTICIPATE

Further to its announcement of 6 May 2013 regarding the completion of a $1 million share placement, TNG Limited (ASX: TNG) is pleased to advise that it has received additional applications from sophisticated investors, enabling it to increase the raising to $1.45 million.

The Company announced on 6 May that it had received firm commitments for a placement of 14,285,714 shares at a price of $0.07 each, raising $1 million before costs.

Since then, the Company has received applications in respect to an additional 6,499,197 shares, bringing the total amount raised to $1.454 million.

DIRECTORS

DIRECTORS Neil Biddle J ianrong Xu Chairman Paul Burton Paul Burton MD Stuart Crow Neil Biddle Stuart Crow COMPANY SECRETARY Rex Turkington Simon Robertson Wang Zhigang PROJECTS

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

PROJECTS McArthur: Cu

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

CONTACT DETAILS

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

In addition, the Company is also pleased to announce that its major shareholder, Ao-Zhong International Mineral Resources Pty Ltd (AoZhong) has expressed interested in supporting the company in the placement at $0.07 per share.

Ao-Zhong and TNG will have further discussion on the terms and total amount of their participation and subject to regulatory approvals will aim to complete as soon as possible.

The first part of the placement, being the issue of 20,784,911 shares, has already been completed with the placement to the major shareholders to occur once regulatory approvals are received.

The company’s cash position following completion is $4.5 million excluding funds expected from the additional placement with AoZhong.

TNG’s Managing Director, Mr Paul Burton, said he was very pleased with the strong support for the placement from investors, particularly considering the difficult conditions in equity markets for junior resource companies.

“This strengthens our balance sheet and enable us to continue exploration programs at our exciting Mount Hardy copper-gold project in the Northern Territory while continuing to progress the development of the feasibility work at our flagship Mount Peake Project. Forecast cash expenditure for the remainder of the quarter is $1.9 million (cash expenditure of $1.5 million has been incurred to date).

area. “

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