Repayment of Loan Notes

Tengri Resources

("Tengri" or "the Company")

Repayment of Loan Notes

Tengri Resources (AIM: TEN), announces that it has today paid $2.25m to Robust Resources as part redemption of the $4m convertible unsecured loan notes ("First Loan Note") as set out in the announcement of 07 April 2015. The Company has also paid $0.5m to TIH Investments Limited and $0.5m to Argyle Street Investments Limited as redemption of the respective $0.5m unsecured convertible loan notes ("Second Loan Notes") received by the Company as set out in the announcement of 22 April 2015. These redemptions (the "Redemptions") are in line with the use of proceeds received from the Company's disposal of its Talas Mining assets as set out in the announcement of 12 April 2016. Following the redemption, the outstanding balance of the First Loan Note is $1.37m and the Second Loan Notes are $30,635 and $28,319 respectively. The Company's current cash balance is $0.65m and its net debt position remains unchanged at approximately $0.8m

ENDS

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