TIVAN LIMITED — Capital/Financing Update 2017

Apr 4, 2017

5 April 2017

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ASX ANNOUNCEMENT
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Todd River Resources to List on ASX on 6[th] April 2017

NT zinc and copper explorer ready to hit the ground running after making its ASX debut

Australian strategic metals company TNG Limited (ASX: TNG) is pleased to advise that its base metals spin-off, Todd River Resources Limited ( Todd River Resources ), is scheduled to make its debut on the Australian Securities Exchange (ASX) tomorrow (Thursday, 6 April 2017) with its shares to commence trading under the ASX Ticker: TRT at 12.00pm (AEST)/10.00am (AWST).

Todd River’s share market debut follows the successful demerger of TNG’s base metal assets in the Northern Territory and a subsequent Initial Public Offer (IPO), which closed with strong investor support after raising the maximum subscription of $6 million (see ASX Announcement – 17 March 2017).

The Company lodged a Prospectus dated 31 January 2017 and a Supplementary Prospectus dated 10 February 2017 with the Australian Securities and Investments Commission ( ASIC ) offering up to 30,000,000 shares each at an issue price of $0.20, together with one free attaching option for every two shares subscribed for and issued ( Offer ). The Offer consisted of both the General Offer and a priority TNG Offer.

The TNG Offer was well supported by TNG Shareholders with Lead Broker Sanlam Private Wealth receiving strong demand from investors in the General Offer.

Todd River’s extensive base metal portfolio includes the large Manbarrum Zinc Project, the Mount Hardy CopperZinc Project, the Stokes Yard Zinc Project and the McArthur Copper-Zinc project, as well as a number of other exploration projects covering base metals and other commodities.

Todd River Resources will provide investors with further information in due course on its planned exploration and project development activities under its own Company Announcements Platform (ASX Ticker: TRT).

Paul E Burton Managing Director

5 April 2017

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