Additional US$1 million funding raised

22 April 2015

Tengri Resources

("Tengri" or "the Company")

Additional US$1 million funding for

Taldybulak Gold and Copper Project

Tengri Resources plc (AIM: TEN), the mining exploration and development company focused on high quality low cost gold-copper projects in Central Asia, is pleased to report that it has raised US$1 million of new capital in the form of convertible unsecured loan notes.

Together with the recently completed US$4 million financing, this new capital contributes to the progression of feasibility and technical studies at the Company's Taldybulak and Andash gold and copper projects in the Kyrgyz Republic.

The new capital has been provided by funds under the management of Argyle Street Limited ("ASML") and TIH Limited ("TIH"), in convertible unsecured loan notes ("Loan Notes") carrying a coupon of 5% per annum, repayable in full on 31 March 2018. Unless already redeemed, the Loan Notes are convertible at the discretion of ASML and TIH into the Company's common shares at a price of £0.05 per share, a premium of 48% to the closing share price as of 21 April 2015 (3.375p).

This new funding, alongside the previously announced US$4 million from Robust Resources Limited (Tengri's largest shareholder), provides the capital to progress the Feasibility Study of Phase 1 at the Company's Taldybulak gold and copper project as well as the Scoping Study for Taldybulak/Andash Phase 2 in the Kyrgyz Republic.

Gary Lewis, Executive Chairman of the Company commented:

"The additional support from new institutional investors is encouraging and provides further endorsement of Tengri's strategy to fast track development of the Taldybulak project. Having strengthened its balance sheet with minimal dilution to shareholders, the Company can continue to undertake the work required to execute its strategy with confidence. We look forward to updating investors in the near term."

ENDS

For further information, please visit www.tengriresources.co.uk or contact:

Notes to Editors

Tengri Resources (AIM: TEN) is a mining exploration and development company focused on low-cost gold-copper projects in Central Asia.

The Company seeks to add portfolio value by applying a phased approach to project development. Tengri's portfolio includes the large scale Taldybulak deposit (TEN 100%), which has SAMREC compliant resources of 6.7Moz of gold and 1.66bnlb of copper. Taldybulak is Tengri's priority project, undergoing a feasibility study for two-phased development, first targeting a high grade zone at modest capital cost. The Company also continues to progress development of the Andash project (TEN 100%) which has JORC compliant resources of 682koz of gold and 170Mlb of copper.

The Company listed on AIM in July, 2014. Tengri's board and management are highly experienced in Central Asia, with mining operational and financial career backgrounds. Tengri is owned 87.3% by Robust Resources Limited, which has a primary focus on investment in gold, copper and coal projects.