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VANADIUM RESOURCES LIMITED Capital/Financing Update 2018

Aug 26, 2018

66018_rns_2018-08-26_b8b02f67-2242-4d38-8021-3f1363d19465.pdf

Capital/Financing Update

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August 27, 2018

SPD Vanadium Acquisition Unconditional

Tando Resources Limited (ASX:TNO) is pleased to advise that the final pre-condition to TNO’s Acquisition of a 73.95% stake in the SPD Vanadium Project, being South African Reserve Bank approval, has been satisfied and the Acquisition is now unconditional. It is anticipated that Completion of the Acquisition will occur imminently.

For and on behalf of the board:

Mauro Piccini

Company Secretary

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For further information, please contact: Paul Armstrong Read Corporate +61 8 9388 1474

6559 1792