TIVAN LIMITED — Regulatory Filings 2012

Apr 16, 2012

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ASX ANASX ANNOUNCEMENT OUNCEMENT 17[th] April 2012 ASX CODE: TNG ASX CODE: TNG

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

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

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

ABN 12 000 817 023

ABN 12 000 817 023

DIRECTORS DIRECTORS Neil Biddle Neil Biddle Paul Burton Paul Burton Stuart Crow Stuart Crow Rex Turkington COMPANY SECRETARY Wang ZhigangSimon Robertson

PROJECTS COMPANY SECRETARY Mount Peake: Fe-V-Ti Simon Robertson Manbarrum: Zn-Pb-Ag East Rover: Cu-Au

PROJECTS McArthur: Cu Mount Peake: Fe-V-Ti Manbarrum: Zn-Pb-Ag CONTACT DETAILS East Rover: Cu-Au Paul Burton | +61 8 9327 0900 McArthur: Cu Nicholas Read | +61 419 929 046 Mount Hardy Cu-Au Simon Robertson | +61 8 9327 0900 Sandover Cu-Au

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

NEW DRILLING PROGRAMME COMMENCES AT MOUNT PEAKE IRON-VANADIUM-TITANIUM PROJECT

DRILLING TO TEST HIGH-PRIORITY MAGNETIC TARGETS WITH POTENTIAL TO INCREASE TOTAL RESOURCE

Key Points:

• 11000m, nine-hole RC program underway

• Drilling will test three new Fe-V-Ti exploration targets, plus a new Cu target

• Strong potential to add significant value to project

Australian resources company TNG Limited (ASX: TNG) is pleased to advise that a targeted drilling program has commenced at its flagship Mount Peake Iron-Vanadium-Titanium Project in the Northern Territory.

The programme will test three large magnetic zones identified from geophysics and field work that could represent new vanadium and titanium bearing magnetite zones (see Figure 1) .

Recent soil samples collected from one of the anomalies, located 3km east of the Mount Peake deposit and extending over an area of 5km x 1km, were assayed using the Company’s portable NITON XRF2 analyser. Results from the NITON recorded highly anomalous readings of 22% for titanium, 0.4% for vanadium and 56% for iron.

The other targets include a large magnetic body measuring 10km x 5km which lies 25km to the south-east of the Mount Peake deposit; and a 5km x 2km magnetic body 10km north of the Mount Peake deposit. Both targets have a similar geophysical response and signature to Mount Peake and are close to surface.

These large targets provide further support for the Company’s Exploration Target[1] for the Mount Peake project area of 500-700Mt with a grade range of 0.2-0.4% V2O5, 23-25% Fe, 4-6% Ti02.

In addition, TNG also plans to drill test a geophysical target which is considered to be prospective for copper mineralisation. This discrete magnetic bullseye anomaly, which lies 15km east of the Mount Peake deposit, was identified during a recent re-assessment of geophysical data and could contribute to TNG’s broader copper exploration strategy in the Northern Territory.

TNG LIMITED

Paul E Burton Managing Director

1 The potential quantity and grade is conceptual in nature and there has been insufficient exploration to define a Mineral Resource. It is uncertain if further exploration will result in the determination of a Mineral Resource.

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Enquiries:

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

Paul Armstrong Read Corporate + 61 (0) 8 9388 1474

COMPETENT PERSON STATEMENT

The information in this report that relates to Exploration Results and Exploration Targets are based on information compiled by Mr Paul Burton, B.Sc, M.Sc, is also a Member of The Australasian Institute of Mining and Metallurgy , and an employee and Director of TNG Limited. Mr Burton 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 2004 Edition of the ‘Australasian Code for Reporting of Exploration Results, Mineral Resources and Ore Reserves’. Mr Burton consents to the inclusion in the report of the matters based on his information in the form and context in which it appears.

TNG Limited | ASX Announcement

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Figure 1: New targets at Mount Peake.

TNG Limited | ASX Announcement