TIVAN LIMITED — Capital/Financing Update 2014

Nov 9, 2014

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TNG RECEIVES $1.2M RESEARCH & DEVELOPMENT REBATE

ASX ANNOUNCEMENT 10 November 2014

Further strengthens cash position to approximately $9M following recent successful capital raising

ASX CODE: TNG

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

TNG Limited (ASX: TNG) is pleased to advise that it has now received the full amount of its previously announced Research & Development refund totalling $1.2 million (before costs).

T +61 8 9327 0900 F +61 8 9327 0901 W www.tngltd.com.au E corporate@tngltd.com.au

ABN 12 000 817 023

DIRECTORS Michael Evans Jianrong Xu Paul Burton Stuart Crow Rex Turkington Wang Zhigang

COMPANY SECRETARY Simon Robertson

PROJECTS

Mount Peake: Fe-V-Ti Black Range: Fe Manbarrum: Zn-Pb-Ag East Rover: Cu-Au McArthur: Cu-Zn-Pb-Ag Mount Hardy: Cu-Au-Zn-Pb Sandover: Cu-Au Walabanba: Fe-V-Ti-Cu-Au

The claim covers eligible metallurgical test work for the 2014 financial year under the Federal Government’s R&D tax incentive scheme.

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

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

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

The proceeds from the R&D claim and the Company’s recently completed $5.5 million placement (before costs) have further strengthened TNG’s cash position to approximately $9 million, providing a strong platform for the company to progress TIVAN[R] and the Definitive Feasibility Study for the Mount Peake Project.

Paul E Burton

CONTACT DETAILS

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

Managing Director 10 November 2014

Enquiries:

Paul Burton Managing Director + 61 (0) 8 9327 0900 Nicholas Read

Read Corporate + 61 (0) 8 9388 1474

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