TIVAN LIMITED — Capital/Financing Update 2015

May 24, 2015

25 May 2015

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ASX ANNOUNCEMENT
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TNG SECURES INVESTMENT FROM LEADING HONG KONG INSTITUTION WITH A$2M PLACEMENT

Cash reserves boosted to $6.2M, strengthening the Company’s financial position as it completes TIVAN® test work, Mount Peake Feasibility and commences development plans and project financing

Australian strategic metals company TNG Limited (ASX: TNG) is pleased to announce that it has secured A$2 million investment from a leading London and Hong Kong based Institutional investor.

The unconditional placement, comprising 13.33 million shares at an issue price of 15 cents per share, is expected to be settled on 26 May 2015.

The offer from the Institution followed shareholder approval to refresh the Company’s placement capacity at the Extraordinary General Meeting on 20 May 2015. Directors welcome the placement and consider this a prudent strengthening of the company’s cash position.

The funds raised from the Placement will be used for completion of the development and commercialisation of TNG’s 100%-owned TIVAN® hydrometallurgical process, completion of the Feasibility Study on the Company’s 100%-owned Mount Peake Vanadium-Titanium project in the Northern Territory and to progress activities in relation to the development and financing of the project.

Following settlement of the Placement, TNG’s cash reserves will stand at approximately $6.2 million.

TNG’s Managing Director Paul Burton said the additional placement further strengthened the Company’s financial position at an important time as it completes the Mount Peake Feasibility Study and moves into development planning and project financing preparation.

“We are pleased with the continued interest and support from Hong Kong institutional investors,” he said. “While investment capital remains very difficult for many resource companies, TNG has been able to attract a significant level of funding, representing a strong vote of confidence in both the Company and the Mount Peake Project by a leading London and Hong Kong based institutional investor.”

Paul E Burton Managing Director

25 May 2015

Inquiries:

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

Nicholas Read Read Corporate + 61 (0) 8 9388 1474

W www.tngltd.com.au E corporate@tngltd.com.au

ASX CODE: TNG ABN 12 000 817 023

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

T +61 8 9327 0900 F +61 8 9327 0901

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About TNG

TNG is building a potentially world-scale strategic metals business based on its flagship 100%-owned Mount Peake Vanadium-Titanium-Iron Project in the Northern Territory. Located 235km north of Alice Springs. Mount Peake will be a 20year plus project producing a suite of high-quality, high-purity strategic metals products for global markets including vanadium pentoxide, iron oxide and titanium dioxide. The project, which will be a top-10 global producer, has received Major Project Facilitation status from the NT Government.

The Mount Peake Feasibility Study is well advanced and due for completion by mid-2015, paving the way for project financing and development to proceed. An integral part of TNG’s emerging strategic metals business its 100% ownership of the unique and patented TIVAN® hydrometallurgical process, which offers significantly lower capital and operating costs, lowers risk and successfully extracts two other valuable metals from the resource in addition to vanadium – titanium dioxide and high-purity iron oxide.

Vanadium is a highly strategic metal which is used as an alloy in steel. It is also in strong demand for use in energy storage, with vanadium redox batteries used to store electricity generated by solar and wind power, and lithium-vanadium ion batteries used to power hybrid cars.

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.

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