Related Party Transaction

11 August 2015

Tengri Resources

("Tengri" or "the Company")

Related-party transaction

Tengri Resources (AIM: TEN) the mining exploration and development Company focused on high quality low cost gold-copper projects in Central Asia, announces that subject to the services agreement (the "Services Agreement") with Robust Resources Branch ("Robust Branch") as set out in the 18th June 2014 AIM admission document, costs to the value of US$331,740.70 will be charged to Tengri by Robust Branch.

Kyrgyz legislation provides that certain operations and, in particular, employment matters must be undertaken by a Kyrgyz entity. The Services Agreement enables Tengri to avail itself of Robust Branch's status as a Kyrgyz entity in order to undertake such operations and payments in relation to employment matters and negates the need for Tengri to incur the separate cost of establishing a Kyrgyz branch office. Accordingly, these costs were incurred by Robust Branch on Tengri's behalf in respect of, inter alia, the use of office space, payment of employee benefits and other ancillary office expenses. Pursuant to the terms of the Services Agreement, Robust Branch charged 80 per cent. of the expenses incurred in this regard to Tengri.

As the Robust Branch is part of the same group as Robust Resources Limited which collectively owns 87.3% per cent. of the issued share capital of Tengri, the payment of the US$311,740.70 pursuant to the Services Agreement is a related party transaction pursuant to Rule 13 of the AIM Rules for Companies. Accordingly, the Independent Directors of Tengri, being Peter Moss and Joshua Crumb, having consulted with finnCap Limited, the Company's Nominated Adviser, consider that the terms of the payment pursuant to the Services Agreement are fair and reasonable insofar as the Company's shareholders are concerned.

ENDS

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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.