Discovery of high-grade gold mineralisation

29 July 2014

Tengri Resources

("Tengri" or "the Company")

Discovery of high-grade gold mineralisation at Bashkol Project, Kyrgyz Republic

· High-grade gold of 2.7 metres at 6.4 g/t Au intersected, including 0.85 metres at 15.3 g/t Au

· Assay results received from two drill holes completed at Bekbulaktor North prospect

· Results confirm potential of gold mineralisation from earlier trench results

· Intensive 2,000 metre diamond drilling summer program now well underway

· Project located 60kms along strike from 18Moz Kumtor gold mine

· 17,986ha Bashkol project located in Tien Shan Gold Belt, host to some of world's largest gold deposits

Tengri Resources (AIM: TEN) ("Tengri"), the mining exploration and development company focused on low-cost gold-copper projects in the Kyrgyz Republic, is pleased to announce the completion of the first three drill holes at the Bekbulaktor prospect located within the Company's Bashkol Project.

Tengri is exploring the Bashkol licence under a farm-in agreement in which the Company can earn up to a 70% interest in the project by spending a total of A$7 million before December 31, 2021 in two stages.

The 17,986ha Bashkol Project is located 60km along strike from the 18Moz Kumtor Gold Mine in the Tien Shan Gold Belt, which hosts some of world's largest gold deposits. The Bekbulaktor prospect is at the northern end of a 15km-long mineralised trend within the project area.

Assay results have been received for two holes, with the second hole at Bekbulaktor North (hole BKDH002) intercepting high-grade gold mineralisation of:

· 2.7 metres at 6.4 g/t Au from 257.3 metres including 0.85 metres at 15.3 g/t Au from 258.3 metres.

The Board of Tengri is particularly encouraged by these assay results as its original strategy was to firstly drill the more prospective Bekbulaktor South prospect. However, this was not possible due to the onset of winter. The fact that high-grade gold mineralisation has been intersected at Bekbulaktor North is significant and demonstrates that Bashkol is a highly prospective project. Assay results from the first drill hole at Bekbulaktor South are pending.

Table 1 lists the individual assay results and table 2 shows collar details from the first three drill holes.

Table 1: Bashkol Project Drilling Results

Table 2: Bashkol Drillhole Collar Details

Summer exploration programme

An initial drilling programme of 2,000 metres is now underway, aimed at testing the highly prospective Bekbulaktor South prospect during the 2014 summer field season. Company geologists are also conducting field exploration activities to follow up extensive geochemical anomalies identified by previous green-fields stream, rock and soil sampling.

Mr Gary Lewis, Executive Director of Tengri Resources commented:

"We are very encouraged by these first assay results from Bashkol as they are a significant early milestone for the Company. The grades intersected confirm that this is an exciting greenfields exploration prospect, with the potential to host significant gold mineralisation.

"As we have previously reported, it was the Board's intention to provide Tengri with the necessary funding to commence an aggressive exploration program, and the deployment of these funds is clearly delivering some pleasing early exploration success.

"Bashkol is located in one of the most prospective belts of rocks in the world. While it is still early days in our work programme at the project, our team is pleased with these results. We look forward to updating shareholders as further assay and other exploration results become available."

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 backgrounds.