Strategy Update

4 February 2015

Tengri Resources

("Tengri" or the "Company')

Strategy Update

· Operational focus remains on developing the 6.7Moz Taldybulak gold-copper project via a two-phased approach:

o Phase 1: Medium-scale open pit mining and processing of higher-grade, near-surface, gold-rich sheeted vein domain; and

o Phase 2: Large scale mining and processing targeting the Taldybulak global mineral resource, evaluating addition of the 693koz Andash gold deposit as a satellite mine to the central Taldybulak processing plant.

· Bashkol Project: Farm-in with KGL Resources discontinued in favour of focusing on Taldybulak.

Tengri Resources (AIM: TEN), the mining development Company focused on high quality gold-copper projects in Kyrgyz Republic, is pleased to provide the following strategy update.

Taldybulak project

Strong results from the 2014 drill programme have further supported Tengri's decision to prioritise the development of the Taldybulak gold-copper porphyry deposit. During calendar year 2015, the Company will focus on completing a feasibility study on the first phase of mining development at Taldybulak. Drilling results from the latest programme at the project, expected within the current quarter, will form important early works supporting the feasibility study now underway.

Table 1: Taldybulak Global Mineral Resource Estimate (SAMREC 2007)

A full summary of the mineral resource estimate is contained within the Company's Admissions Document published on 18 June, 2014.

Positive initial results from the 2014 drilling programme have led to the decision to pursue a feasibility study for Taldybulak in 2015 and to prioritise the project among Tengri's portfolio. The historical data available for the project also offers options for fast tracking the phased development approach, which includes:

Phase 1 - Targeting a near-surface portion of the higher-grade, gold sheeted-vein system within the Taldybulak deposit envelope, supported by positive initial results of the 12 hole, 2,000 metre diamond drilling programme conducted in 2014. Phase One provides the added benefit of reducing initial project capital requirements and expediting cash flows from first production in the nearer term.

The higher-grade gold domain includes excellent grades and widths, with grades on average 3.8 times higher than the global average of Taldybulak's current defined global resource. The presence of coarse gold within this area is likely to also enable Tengri to produce gold doré at more modest capital and operating costs, as well as a gold-copper concentrate.

Tengri believes that this phased approach will also be well received by local communities, who remain engaged in the consultation processes at each of the Company's projects.

Phase 2 - A number of strategic and technical development pathways have been evaluated by management, aimed at providing an efficient solution for the development of both Taldybulak and Andash. Phase Two will target the larger resource at Taldybulak, with Andash functioning as a satellite mine feeding Taldybulak's central plant 27km away. The resource estimate at Taldybulak is currently 10 times larger than Andash in terms of contained metal and 23 times larger in terms of total tonnage.

The Company believes that Andash is well situated to function cost-effectively as a satellite mine to Taldybulak. This development method can also provide the option of reducing the project footprint at the Andash site.

Detailed technical information on both Taldybulak and Andash is available in presentations on Tengri's website.

Bashkol farm-in decision

Following the review of the 2014 Bashkol drill programme and taking into consideration the increased focus on development work at Taldybulak, management has decided against continuing with the Bashkol farm-in, as it is considered non core in the current business plan.

John Levings, director of Tengri, said:

"Our decision to prioritise the development of Taldybulak is an important one. We believe that the focus of the Company should be on developing the extensive resources already identified at our advanced projects, Taldybulak and Andash, in a cash conservative manner. Despite the interesting prospectivity of Bashkol, given market conditions, our decision to cease the farm-in supports our heightened focus on our other assets. We look forward to keeping shareholders updated throughout the year on our progress, as we expedite phased development towards Taldybulak's feasibility study in 2015, and first production thereafter."

Further information can be found on the Company website at www.tengriresources.co.uk or by contacting:

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. The Company is presently focused on Stage 1 of the Taldybulak deposit (TEN 100%), which will target development of a higher grade zone within the existing SAMREC compliant resources of 6.7Moz of gold and 1.66bnlb of copper. Tengri continues to advance the Andash Mining 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.