Interim Results for Six Months ended 30 June 2014

29 September 2014

Tengri Resources

("Tengri" or "the Group" or "the Company")

Interim Results for the Six Months ended 30 June 2014

Tengri Resources (AIM: TEN), the AIM listed mining exploration and development company focused on low-cost gold-copper projects in the Kyrgyz Republic, is pleased to announce its interim results for the six months ended 30 June 2014.

The Company changed its name to Tengri Resources on 14 July 2014. Prior to this, and for the six month period 30 June 2014, the Company operated under its previous name of Mentum Inc.

 Post period

· Company listed on AIM and renamed Tengri Resources following reverse takeover of the Kyrgyz Republic mining assets of ASX listed Robust Resources on 14 July 2014;

Taldybulak Project

o 12 hole, 2,000 metre diamond drilling programme underway to test near surface, high grade gold and copper mineralisation;

o Two year access agreement signed with Taldybulak community after consultation with the Aral Village Rural Council;

o Social Development Fund to be established, aimed at improving the standard of living and skill set of the Aral Community ;

Andash Project

o Technical studies underway, related to improving mine efficiency and processing site layout, reducing local impact;

Bashkol Project

o First two drill holes completed, intersecting high grade gold mineralisation of 2.7 metres at 6.4g/t Au, including 0.85 metres at 15.3g/t Au;

o Diamond drilling programme underway.

Chairman's Statement

"I am pleased to report Tengri's first results as an AIM listed explorer-developer with a strong focus on a prolific Central Asian copper-gold belt in the Kyrgyz Republic.

The period during which we completed the reverse takeover transaction and establishment of the Company has been a busy one, with extensive corporate activities matched by quickly commencing diamond drilling at our Taldybulak and Bashkol projects. We are now fully engaged with the execution of our 2014 drilling programme at both projects, which continue to give our Board confidence in our assets base, evidenced most recently by the high grade gold mineralisation intersected at Bashkol.

In parallel, we are progressing technical studies and social development programmes relating to the development of Andash in conjunction with local communities and the relevant authorities. Our work with all the local communities in the home regions of our projects aims to provide value to our shareholders, and contribute positively to local groups and the Kyrgyz Republic in a wider context.

We are committed to building a significant precious metals focused company, driven by organic development of our existing portfolio as well as considering acquisition opportunities that may arise."

Dr David King

Non-Executive Chairman

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

Notes to EditorsTengri 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.

Tengri Resources.

("Tengri" or "the Group")

Interim Results for the Six Months ended 30 June 2014

TENGRI RESOURCES

TENGRI RESOURCES 

STATEMENT OF FINANCIAL POSITION

TENGRI RESOURCES 

STATEMENT OF CASH FLOWS

TENGRI RESOURCES 

1 GENERAL INFORMATION

The information for the period ended 30 June 2014 does not constitute statutory accounts. The figures for the year ended 31 December 2013 have been extracted from the 2013 statutory financial statements. The auditors' report on those accounts was unqualified.

Basis of preparation

The Company was incorporated as a Corporation in the Cayman Islands, which does not prescribe the adoption of any particular accounting framework. The Board has resolved that the Group will follow International Financial Reporting Standards (IFRS).

The accounting policies have been applied consistently throughout the Group for the purposes of preparation of these condensed consolidated interim financial statements.

The principal accounting policies of the Group remain unchanged from those set out in the Group's 2013 financial statements.

Critical judgments and key sources of estimation uncertainty

The key sources of estimation uncertainty the Directors have made in preparing this interim report are as follows:

§ the fair value of the available for sale financial assets; and

The Directors consider that the critical judgments in applying the accounting policies, as detailed above, in preparing this interim report are as follows:

§ the categorisation of certain financial assets as available for sale.

3 SEGMENTAL REPORTING

IFRS 8 requires an entity to report financial and descriptive information about its reportable segments. Reportable segments are operating segments or aggregations of operating segments that meet specified criteria. Operating segments are components of an entity about which separate financial information is available that is evaluated regularly by the chief operating decision maker in deciding how to allocate resources and in assessing performance. Generally, financial information is required to be reported on the same basis as is used internally for evaluating operating segment performance and deciding how to allocate resources to operating segments.

The chief operating decision maker of the Group is the Chief Executive Officer (CEO). Financial information used internally by the CEO for evaluating performance and deciding how to allocate resources does not identify separable geographical or operating segments but rather presents information for the Group as a whole. For this reason, the Group reports financial information in its financial statements on the basis of the Group as a whole and does not report by operating or geographic segment.

4 LOSS PER SHARE

The calculation of the basic (loss)/earnings per share is based on the net loss for the period of US$ 1,032,000 (period ended 30 June 2013: loss US$ 147,000 and year ended 31 December 2013: loss US$ 451,000) divided by the weighted average number of shares in issue during the period of 657,385,410 (period ended 30 June 2013: 353,093,118 and year ended 31 December 2013: 475,717,008). The share options and warrants are anti-dilutive for all periods, therefore no diluted loss per share figure is presented.

5 EVENTS AFTER THE REPORTING DATE

There were no material events after the reporting date, which necessitate revision or adjustment of the figures in these interim results.

On 14 July 2014 the Company announced that Shareholder approval had been granted, as required under Rule 14 of the AIM Rules, in relation to the acquisition of the Kyrgyz Republic mining assets of Robust Resources Limited, Share Consolidation and resolution to approve the Company's change of name to Tengri Resources. As a result of the share consolidation of one ordinary £0.05 share for 50 ordinary £0.001 share the Company's issued share capital stood at 107,431,900 shares of which 93,831,153 shares were issued to Robust Resources Limited (87.3% of the issued share capital) in consideration for the Kyrgyz Republic mining assets.

ENDS