Diamond Drilling Programme Underway at Taldybulak

5 August 2014

Tengri Resources

("Tengri" or "the Company")

Diamond Drilling Programme Underway

at Taldybulak Gold-Copper Deposit, Kyrgyz Republic

· 12 hole, 2,000 metre diamond drilling programme underway to test near-surface, high-grade, gold-copper mineralisation

· Taldybulak hosts a substantial gold-copper resource:

o Indicated: 116.5Mt for 2.3Moz Au and 488Mlb Cu

o Inferred: 336.2Mt for 4.5Moz Au and 1,178Mlb Cu

· Two-year access agreement signed with local Talas community;

· Tengri aiming to delineate smaller, high-grade deposit amenable to low-CAPEX mining operation;

· Social Development Fund to be established by Tengri, aimed at improving living standards and skills of local Community; and

· As part of continued growth strategy, Tengri will assess a number of potential development opportunities across the Central Asia region.

Tengri Resources (AIM: TEN), the mining exploration and development company focused on low-cost gold-copper projects in the Kyrgyz Republic, is pleased to announce that it has commenced a 12 hole, 2,000 metre diamond drilling programme at the Taldybulak gold-copper deposit, located in the Talas exploration licence, Kyrgyz Republic. The drilling programme began following the signing of a two-year access agreement with the local Talas community.

Taldybulak is believed to be one of the largest and most promising copper-gold deposits in the country, and therefore an important mid to long-term growth development opportunity. In conjunction with the development of Taldybulak, Tengri is advancing other projects in its portfolio while also evaluating potential development opportunities across Central Asia.

The 12 hole, 2,000 metre diamond drilling programme at Taldybulak commenced 1 August, 2014 and targets a previously identified near-surface, sheeted-vein system. This system is a higher-grade gold domain located within the deposit. The aim of the initial drilling programme is to delineate a low tonnage, high-grade deposit amenable to a low-CAPEX mining operation which could benefit from the potential development of Tengri's Andash project and other Talas Valley projects located nearby.

Furthermore, the securing of the community access agreement is a significant milestone for the Company and is the result of extensive consultation with the Aral Village Rural Council. As part of that agreement, Tengri will establish a Social Development Fund aimed at improving the standard of living and skill sets of the Aral Community.

To date, Mineral Resources for the Taldybulak deposit have been estimated by Goldfields Limited (Goldfields) under the South African Code for the Reporting of Exploration Results, Mineral Resources and Mineral Reserves (SAMREC code). A full summary of the mineral resource estimate is contained within the Company's Admissions Document published on 18 June, 2014.

The Goldfields global mineral resource estimate highlights a large gold-copper porphyry-style deposit of gold, copper and molybdenum as follows in Table 1:

Table 1: Taldybulak Global Mineral Resource Estimate (SAMREC 2009)

The sheeted-vein system hosted within Taldybulak contains a number of significant, high-grade gold intercepts. Listed below in Table 2 are selections of the shallow mineralised intersections from previous drilling programmes (total historic drill programmes have contributed 127 drill holes) which have formed the basis of the current drilling programme:

Table 2: Taldybulak Deposit: Shallow intersections in the sheeted-vein domain

Table 3: Collar Parameters of Taldybulak drill holes containing shallow sheeted-vein domain intersections

Mr Gary Lewis, Executive Director of Tengri Resources commented:

"We are very pleased to announce the finalisation of the community access agreement for the development of the Taldybulak gold-copper deposit. The team at Tengri has been working diligently with the local Aral Community to ensure the appropriate outcome is achieved for all parties concerned.

"Operationally, we have commenced a 2,000m diamond drilling programme at Taldybulak, targeting the shallow, high-grade mineralisation associated with the project. This programme has been designed to uncover a small tonnage, high-grade, gold-copper deposit which can be potentially developed on a low-CAPEX budget.

"The Taldybulak deposit is a very exciting asset for Tengri as we work to unlock the development potential of the broader Talas region. Tengri will continue to prioritise investing in exploration during the summer period with drilling campaigns underway at the 17 986ha Bashkol Project and now Taldybulak. Collectively, these 4,000 metres of drilling should unlock additional value at both projects.

"We are also continuing to assess other development opportunities, both across the Company's project portfolio and more broadly within Central Asia, and look forward to updating shareholders with further news flow in coming weeks."

 Competent Person Statement

The information in this announcement that relates to Exploration Targets and Exploration Results is based on data compiled by Adriaan van Herk, Doctorandus Geology, a Competent Person who is a Member of The Australian Institute of Geoscientists. Mr van Herk is an employee of the Company. Mr van Herk has sufficient experience, which is relevant to the style of mineralisation and type of deposit under consideration and to the activity, which is being undertaking to qualify as a Competent Person as defined in the 2012 Edition of 'Australasian Code for Reporting of Exploration Results, Mineral Resources and Ore Reserves'. Mr van Herk consents to the inclusion in the announcement of the matters based on his information in the form and context in which it appears.

-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. Its most advanced project is the Andash Mining Project (TEN 100%) which has JORC compliant resources of 682koz of gold and 170Mlb of copper. Tengri also owns the large scale Taldybulak deposit (TEN 100%), which has SAMREC compliant resources of 6.8Moz of gold and 1.66bnlb of copper, and the Bashkol project (TEN right to earn 70%), located 60km along strike from the producing Kumtor Gold Mine.

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.