TIVAN LIMITED — Regulatory Filings 2012

May 16, 2012

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RESEARCH REPORT UPDATE

ASX ANNOUNCEMENT

ASX CODE : TNG

TNG Limited (ASX: TNG ) is pleased to advise that further research coverage has been received from UK brokers Old Park Lane Capital plc.

To view a copy of the report, which is entitled “Test-work demonstrates high purity vanadium is possible using TIVAN process” please click on the company’s website link below.

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

Neil Biddle Paul Burton Stuart Crow Rex Turkington Wang Zhigang

COMPANY SECRETARY

Simon Robertson

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Disclaimer

This information is produced by a third party ( Third Party Information ). It may contain information about the activities of TNG Limited and its subsidiaries ( Group ) but it does not purport to be a complete description of the Group and/or its various business activities. No representation or warranty, express or implied, is made by any person including TNG Limited or its directors, officers, employees, advisers, agents or affiliates as to the fairness, accuracy, completeness, or correctness of the information, opinions and conclusions contained in this Third Party Information, or as to the reasonableness of any assumptions, forecasts, prospects or returns contained in, or implied by, this Third Party Information or any part of it. TNG Limited assumes no liability and has no obligation to tell recipients if it becomes aware of any inaccuracies in or omissions from Third Party Information.

Except for statutory liability which may not be excluded, no responsibility is accepted by TNG Limited or any of its directors, officers, employees, advisers, agents or affiliates for any loss or damage howsoever occurring (including through negligence) resulting from the access, use or reliance upon any Third Party Information by any person, and any such access, use or reliance is solely at your own risk. You are responsible for forming your own opinions and should seek your own independent professional advice in relation to Third Party Information. In particular, you are cautioned not to place undue reliance on any forward-looking statements, forecasts or views as to prospects in any Third Party Information, as there can be no assurances that actual outcomes will not differ materially from such forward-looking statements.

TNG LIMITED

Paul E Burton

Managing Director

PROJECTS

Mount Peake: Fe-V-Ti Manbarrum: Zn-Pb-Ag East Rover: Cu-Au McArthur: Cu

17 May 2012

Enquires

Paul E Burton

CONTACT DETAILS

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

Managing Director + 61 (0) 8 9327 0900

Nicholas Read

Read Corporate + 61 (0) 419 929 046