TIVAN LIMITED — Capital/Financing Update 2014

Oct 30, 2014

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$5.5M PLACEMENT UPDATE: FIRST TRANCHE OF SHARES ISSUED

ASX 31 October ASX CODE:

REGISTERED TNG Level 1, 282 Rokeby Subiaco, Western Australia

T +61 8 9327 F +61 8 9327

E

Further to its ASX Announcements of 24 and 30 October regarding its successful $5.5 million placement, TNG Limited (ASX: TNG) is pleased to advise that it has issued 51,483,325 shares at $0.10 per share, plus 12,870,830 free attaching options (ASX: TNGO), representing the first (and largest) tranche of shares to be issued under the placement.

Total funds received for this allotment are $5,148,332.

The balance of 3,516,675 shares and 879,170 options are expected to be issued by 7 November 2014 on receipt of further funds of $351,668, which will bring the total raised in the placement to $5.5 million (before costs).

ABN 12 000 817

Jianrong Paul Stuart Rex Wang

COMPANY Simon

The shares and options in the Placement have been issued pursuant to TNG’s ASX Listing Rule 7.1 capacity and under the Prospectus released to ASX on 27 October 2014.

Further details of the placement can be found in the company’s ASX announcement of 30 October 2014.

TNG is pleased with the outcome of the placement and looks forward to progressing the Definitive Feasibility Study on its flagship Mount Peake Vanadium-Titanium-Iron Project in the Northern Territory.

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

Paul E Burton

Managing Director 31 October 2014

CONTACT

Enquiries:

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

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

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