TIVAN LIMITED — Capital/Financing Update 2017

Jul 30, 2017

31 July 2017

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ASX ANNOUNCEMENT
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ADJUSTMENT TO EXERCISE PRICE OF OPTIONS FOR IN-SPECIE DISTRIBUTION

TNG Limited (ASX: TNG) advises that as a result of the in-specie distribution of Todd River Resources Limited Shares to TNG Shareholders and in accordance Listing Rule 7.22.3.the exercise price of options on issue has been reduced by $0.007 per option.

After adjustment of the exercise prices the Company has on issue the following options:

Listed 25,870,437 Exercisable at $0.193 expiring on 15 June 2018 Unlisted 1,500,000 Exercisable at $0.193 expiring on 7 September 2019 Unlisted 11,000,000 Exercisable at $0.263 expiring on 13 December 2019

Paul E Burton Managing Director 31 July 2017

Inquiries:

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

About TNG

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

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

ASX CODE: TNG ABN 12 000 817 023

REGISTERED OFFICE T +61 8 9327 0900 Level 1, 282 Rokeby Road F +61 8 9327 0901 Subiaco, Western Australia 6008