TIVAN LIMITED — Capital/Financing Update 2014

Oct 6, 2014

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ASX ANNOUNCEMENT 7 October 2014

ASX CODE: TNG

TNG FINALISES $1.2M R&D TAX INCENTIVE REFUND Set to further strengthen cash position to underpin ongoing evaluation and development of Mount Peake Project

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

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

COMPANY SECRETARY Simon Robertson

PROJECTS

Mount Peake: Fe-V-Ti Black Range Iron 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

TNG Limited (ASX: TNG) is pleased to advise that it has finalised its Research & Development refund claims amounting to approximately $1.2 million under the Federal Government’s R&D tax incentive scheme.

It is currently anticipated that the Company should receive payment of the amounts claimed by early November, although the process may take longer than anticipated.

Under the R&D tax incentive scheme, companies with a turnover of less than $20 million which undertake research & development activities are entitled to a cash refund of 45 cents per dollar spent on eligible research and development in Australia.

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

TNG’s research relates to the commercial extraction of vanadium, titanium and iron from vanadiferous titanomagnetite using the Company’s 100%-owned TIVAN[®] hydrometallurgical process. The TIVAN[®] process forms a key component of TNG’s Mount Peake Vanadium-Iron-Titanium Project in the Northern Territory.

The R&D claim will further strengthen the Company’s cash resources, enabling it to continue to progress feasibility and development activities at Mount Peake.

CONTACT DETAILS

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

Paul E Burton Managing Director

Enquires:

Paul E Burton Managing Director +61 (0) 8 9327 0900 Nicholas Read Read Corporate +61 (0) 419 929 046

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