Feasibility and Parallel Conceptual Study Update

11 March 2015

Tengri Resources

("Tengri" or "the Company")

Feasibility and Parallel Conceptual Study Update

• Commencement of a Feasibility Study of Taldy Bulak Project Phase 1;

• Initiation of Conceptual Study for the global Taldy Bulak deposit incorporating Andash as Phase 2;

• 2014 Taldy Bulak drill programme results underpin phased development approach, and;

• Feasibility Study project team appointed and deployed.

Tengri Resources (AIM: TEN), the mining exploration and development Company focused on high quality gold-copper projects in Central Asia, is pleased to provide an update on the commencement of a Feasibility Study at its the Taldy Bulak deposit.

The recently announced 2014 diamond drilling programme results support Tengri's decision to prioritise its Phase 1 Feasibility Study at Taldy Bulak. Phase 1 will examine the establishment of mine and processing facilities to recover gold and copper concentrate from the higher-grade, near-surface sheeted vein domain defined at Taldy Bulak.

In parallel with the Feasibility programme, Tengri is undertaking a Conceptual Study to examine development scenarios for the larger global Taldy Bulak and adjacent Andash deposits, referred to as Phase 2. Of note, this encompasses examining the possibility of Andash operating as a satellite mine providing feed material to a larger central plant at Taldy Bulak.

Work has now commenced on a number of work streams including the scoping of the Feasibility Study, determination of the Feasibility Study budget, and a schedule and preliminary budget for Taldy Bulak Phase 1 development. Both programmes present Tengri with the option of potentially fast tracking development in due course.

Taldy Bulak will be designed and built to comply with all relevant regulations governing mining and environmental management of the Kyrgyz Republic, with additional care given to respecting the culture of the local community. In this regard in particular, Tengri strives to be recognised as a committed, long-term investor in the Kyrgyz Republic.

Appointment of Feasibility Study Team

Tengri has established a project team of technical specialists incorporating necessary project delivery disciplines including engineering, design, procurement and scheduling. This team will work with Tengri's local operating company, Talas Copper Gold, alongside Kyrgyz design institutes and international mine design and engineering companies.

Pending the results of the Feasibility Study, the team will be positioned in-country to conduct detailed design and construction of the mine, processing plant, and associated supporting infrastructure. The Company is pleased to have assembled a project team with strong technical backgrounds, recent successful greenfields experience, regional knowledge, local communication skills and the capability to successfully deliver Taldy Bulak Phase 1 into production. The Project team will report directly to Mr Bruce Lumley, Chief Executive Officer, based in-country.

John Levings, director of Tengri, said:

"We are very pleased to have assembled a highly experienced team to work alongside local and internationally acclaimed mineral consultants working on the Feasibility Study for Phase 1 at our flagship Taldy Bulak gold and copper project.

Phase 1 - focusing on the near-surface, high-grade gold section of the deposit - will evaluate a project with a modest capital outlay that has the potential to generate significant returns for shareholders. In addition to being a profitable mine, our project will demonstrate that responsible, modern and environmentally sound metal mining can be carried out in the Kyrgyz Republic to the benefit of the country and community. We look forward to updating shareholders on our progress over the coming months."

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 Taldy Bulak deposit (TEN 100%), which has SAMREC compliant resources of 6.7Moz of gold and 1.66bnlb of copper. Taldy Bulak 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.