TIVAN LIMITED — Capital/Financing Update 2014

Mar 9, 2014

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NEW DRILLING PROGRAM COMMENCES AT MOUNT PEAKE PROJECT

ASX 10 March

Drilling to test aquifer for future mine development and test resource potential of recently identified magnetic targets

ASX CODE:

REGISTERED TNG Level 1, 282 Rokeby Subiaco, Western Australia

T +61 8 9327 F +61 8 9327

E

TNG Limited (ASX: TNG) is pleased to advise that a new Reverse Circulation (RC) drilling program has commenced at its flagship Mount Peake Vanadium-Titanium-Iron Project in the Northern Territory.

The limited programme, comprising approximately 20 RC holes for 2,000m of drilling, has been designed to be specifically targeted to achieve the following key objectives (see Figure 1 and Table 1), namely:

ABN 12 000 817

Jianrong Paul Michael Stuart Rex Wang

• To confirm an aquifer identified by TNG’s environmental consultants with the potential to provide life-of-mine water reserves for the future mining operation at Mount Peake; and

• To explore magnetic anomalies with the potential to host future resources which could further expand the Mount Peake Project; and

COMPANY Simon

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

CONTACT

• To sterilise areas for the ongoing Definitive Feasibility Study (DFS).

The highest priority area for the definition of additional mineralisation is the Eastern anomaly (see Figure 1) which contained the highest titanium and iron results seen to date in the area (see ASX Release – 5 December 2013).

Other areas of magnetic anomalism to the west are also strong targets despite no surficial expression and are included in the current programme.

Drilling will continue throughout March and the Company will report the results following completion and receipt of assay results.

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

Paul E Burton

Managing Director

10 March 2014

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Enquiries:

Paul E Burton,

Managing Director + 61 (0) 8 9327 0900

Nicholas Read

Read Corporate + 61 (0) 8 9388 1474

Figure 1:

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Table 1:

	Hole_ID		Depth (m)		Northing		Easting		Tenement		Prospect
	14MPERC001		250		7604800		328800		EL 27069		Eastern Mag
	14MPERC002		250		7603750		329000		EL 27069		Eastern Mag
	14MPERC003		250		7602000		329700		EL 27069		Eastern Mag
	14MPERC004		200		7604300		329000		EL 27069		Eastern Mag
	14MPERC005		250		7603200		329200		EL 27069		Eastern Mag
	14MPERC006		200		7604800		328600		EL 27069		Eastern Mag
	14MPERC007		200		7604800		329000		EL 27069		Eastern Mag
	14MPERC008		200		7604300		328800		EL 27069		Eastern Mag
	14MPERC009		200		7603750		328800		EL 27069		Eastern Mag
	14MPERC010		200		7603750		329200		EL 27069		Eastern Mag
	14MPERC011		200		7603200		328800		EL 27069		Eastern Mag
	14MPWRC001		250		7608475		317275		EL 29578		Western Mag
	14MPWRC002		200		7606225		318850		EL 29578		Western Mag
	14MPWRC003		200		7604750		319300		EL 29578		Western Mag
	14MPSWRC001		250		7600900		320350		EL 27069		Southwest Mag
	14MPSWRC002		200		7600100		320000		EL 27069		Southwest Mag
	14MPSWRC003		200		7599150		321200		EL 27069		Southwest Mag
	14MCWMB001		150		7606450		323900		ELR 29627		Water Monitoring Bore
	14MCWMB002		150		7608550		324700		EL 29578		Water Monitoring Bore
	14MHWMB001		150		7614755		324190		EL 29578		Water Monitoring Bore

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Competent Person Statement

The information in this report that relates to Exploration Results and Exploration Targets is based on, and fairly represents, information and supporting documentation compiled by Exploration Manager Mr Kim Grey B.Sc. and M. Econ. Geol. Mr Grey is a member of the Australian Institute of Geoscientists, and a full time employee of TNG Limited. Mr Grey has sufficient experience relevant to the style of mineralisation and type of deposit under consideration and to the activity which he is undertaking to qualify as a Competent Person as defined in the 2012 Edition of the ‘Australasian Code for Reporting of Exploration Results, Mineral Resources and Ore Reserves’. Mr Grey consents to the inclusion in the report of the matters based on his information in the form and context in which it appear.

Forward-Looking Statements

This announcement has been prepared by TNG Ltd. This announcement is in summary form and does not purport to be all inclusive or complete. Recipients should conduct their own investigations and perform their own analysis in order to satisfy themselves as to the accuracy and completeness of the information, statements and opinions contained.

This is for information purposes only. Neither this nor the information contained in it constitutes an offer, invitation, solicitation or recommendation in relation to the purchase or sale of TNG Ltd shares in any jurisdiction.

This does not constitute investment advice and has been prepared without taking into account the recipient's investment objectives, financial circumstances or particular needs and the opinions and recommendations in this presentation are not intended to represent recommendations of particular investments to particular persons. Recipients should seek professional advice when deciding if an investment is appropriate. All securities transactions involve risks, which include (among others) the risk of adverse or unanticipated market, financial or political developments.

To the fullest extent permitted by law, TNG Ltd, its officers, employees, agents and advisers do not make any representation or warranty, express or implied, as to the currency, accuracy, reliability or completeness of any information, statements, opinions, estimates, forecasts or other representations contained in this announcement. No responsibility for any errors or omissions from this arising out of negligence or otherwise is accepted.

This may include forward looking statements. Forward looking statements are only predictions and are subject to risks, uncertainties and assumptions which are outside the control of TNG Ltd. Actual values, results or events may be materially different to those expressed or implied.

About TNG:

TNG Ltd is a junior exploration company with a focus on exploration and development of projects in the Northern Territory of Australia.

The company is currently developing its 100% owned world class Mount Peake Vanadium –Titanium – Iron project in the which is currently in the Definitive Feasibility Stage. In addition it is exploring its copper projects including its 100% owned Mt Hardy project which is emerging as a potential major Copper/Gold and polymetalic project.

The company has joint ventures on its other projects with Rio Tinto, Norilsk, and Western Desert Resources and investment from Ao-Zhong Ltd., a 100% owned subsidiary of China’s ECE Ltd.

For more information please see the company’s website at www.tngltd.com.au

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