TANGO TO ACQUIRE BK11 DIAMOND MINE, BOTSWANA FROM FIRESTONE

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VANCOUVER, BRITISH COLUMBIA — 9 July 2015 – Tango Mining Limited (“Tango” or the “Company”) (TSXV:TGV) is pleased to announce that it has entered into a Sale of Shares and Claims Agreement with Firestone Diamonds Limited (“Firestone”) whereby the Company agreed to acquire 100% of Firestone’s right in the processing facility, and interest and title in the mineral rights comprising its Botswana diamond operations (the “BK11 Mine”), held directly or indirectly, through Firestone’s 100% owned subsidiary, Firestone Diamonds Botswana (Pty) Limited (“Firestone Botswana”), and Firestone’s 90% owned subsidiary, Monak Ventures (Pty) Limited (“Monak”). Tango is currently in negotiations to acquire the remaining 10% interest in Monak from Tema Thuo (Pty) Ltd. (“Tema Thuo”)

BK11 Mine

The BK11 Mine is a past producing diamond project located in the Orapa District of Botswana, one of the largest diamond producing countries in the world. The Orapa District includes Debswana’s Orapa, Letlhakane and Damtshaa Mines and is located within 5km of the Karowe Mine operated by Lucara Diamond Corp. Mining Licence No. 2010/59L was awarded to the BK11 Mine commencing on 1 July 2010.

Tango is currently preparing a comprehensive development strategy to reactivate the past producing open pit mining operation. Tango recognises that by employing autogenous milling, as has been successfully implemented at Lucara’s Karowe Mine, it could provide for improved liberation of diamonds and reduce the probability of diamond damage. It could also provide for lower operating costs relative to conventional techniques.

Prior to the BK11 Mine being put on care and maintenance in February 2012, total expenditures in excess of US$45 million had been invested in capitalised pit development and processing plant and infrastructure. As noted above, the BK11 Mine is located close to some of Botswana’s largest diamond mines with BK11 Mine comprising one pipe-shape diamond-bearing kimberlite structure with a surface area of 9.8 hectares. There are excellent paved roads, water supply and nearby power supply from the recently upgraded national grid. The Company is in the process of preparing a report on the BK11 Mine in accordance with National Instrument 43-101.

Botswana has one of the highest credit ratings in Africa (Moody’s A2 stable), a democratically elected government since independence in 1966 and an internationally recognized transparent mining regulation. It maintains one of the highest and most consistent economic growth rates in the world.

Terry L. Tucker, P.Geo., Executive Chairman of Tango, stated “Our acquisition of the BK11 Mine is another major milestone for Tango following its acquisition of the African Star Minerals Group in October of last year. The acquisition will build on our existing portfolio of mining properties and mining service contracts in South Africa. Together with our Oena Project, our producing alluvial diamond property located in South Africa, the BK11 Mine acquistion will ensure Tango’s presence as a diamond producer in a region renowned for its ability to maintain low cost and high yield diamond producing mines.

Transaction Highlights

Pursuant to the Sale of Shares and Claims Agreement with Firestone (the “Firestone Agreement”), the Company has agreed to purchase 100% of all issued and outstanding shares of Firestone Botswana owning the existing production facility for the BK11 Mine and 90% of all issued and outstanding shares of Monak owning the BK11 Mining Licence No. 2010/59L for an aggregate purchase price of US$8,000,000, of which US$650,000 is payable by Tango as to US$350,000 (which is non-refundable) on the execution of the Firestone Agreement, and as to US$300,000 (the “Deposit”) on or before September 30, 2015. In addition, in the period from the execution of the Firestone Agreement to its closing, Tango shall pay the care and maintenance fees in respect of the BK11 Mine for the previous month to a maximum of US$40,000 per month (the “Maintenance Fees”).

The Company will pay into escrow pursuant to an escrow agreement entered into among the Company, Firestone and an unrelated third party as an escrow agent: (i) the Deposit, by no later than September 30, 2015 and (ii) the Maintenance Fees, starting from the signature date with the first payment in August 2015 and thereafter on the 15th business day of each month ensuing until closing of the transaction contemplated under the Firestone Agreement (the “Firestone Closing”).

The Firestone Agreement contemplates that Firestone Closing will occur within six months from the date of signing of the Firestone Agreement. If by then, the required regulatory approvals from Botswana Competition Authority and from the Minister of Minerals, Energy and Water Affairs in Botswana regarding the transfer of the controlling interest in Monak (the “Regulatory Approvals”) are not obtained, then the Firestone Closing will be extended to 15 February 2016, or such further date as the parties may agree (the “Drop Dead Date”).

On Firestone Closing, the Deposit, the Maintenance Fees and the balance of the Purchase Price payable to Firestone in the amount of US$7,350,000 will be released from escrow to Firestone. If, through no fault of the Company, the parties are not able to obtain the Regulatory Approvals, or if Firestone fails to deliver certain documents to the Company on or before the Drop Dead Date, then the Firestone Closing will not occur and the aggregate of the Deposit and the Maintenance Fees will be returned to the Company together with all accrued interest. All the fees of the escrow agent pursuant to the Escrow Agreement are payable by Firestone.

Tango is currently negotiating an agreement (the “Tema Thuo Agreement”) with Tema Thuo to purchase the balance of 10% of the issued and outstanding shares in Monak for an aggregate purchase price of US$800,000 payable on closing. It is anticipated that the closing of the transactions under the Tema Thuo Agreement (the “Tema Thuo Closing”) will be conditional on the Firestone Closing.

Tango has received a conditional approval from the TSX Venture Exchange (the “Exchange”) regarding the Firestone Agreement and the Tema Thuo Agreement. The Firestone Closing and the Tema Thuo Closing are subject to final acceptance of the Exchange and receipt by the parties of the Regulatory Approvals, as well as certain other conditions standard for a transaction of this type. .

About Tango Mining Limited

Tango Mining Limited is a Canadian company that acquired African Star Minerals Group’s (“ASM”) operations in South Africa late in 2014. Tango has four thermal coal, metallurgical and processing plant and engineering contracts that process 6.5 million tonnes per annum (19.5 million tonnes are contracted over next 3 years), with clientele that include Total (SA) and Glencore plc. The four projects are located within the Ogies and Highveld coalfields, Mpumalanga Province and Kliprivier coalfield, KwaZulu-Natal Province. The Company also holds an interest in the Oena Project, a producing alluvial diamond property, Northern Cape Province, South Africa. The Company’s vision is to become a diversified junior mining company with interests in precious and base metals, coal and diamond mining projects.

FOR FURTHER INFORMATION PLEASE CONTACT:

Mr. Terry L. Tucker, P.Geo.

Executive Chairman

Tango Mining Limited

terry.t@tangomining.com

Mr. Marco Möller

President and CEO

Tango Mining Limited

marco.m@tangomining.com

Statement Regarding Forward Looking Information

This press release includes certain “forward-looking information” and “forward-looking statements” (collectively “forward-looking statements”) within the meaning of applicable Canadian securities legislation. Forward looking statements include, but are not limited to, statements regarding completion of the acquisition of the BK11 Mine, including the completion of the transactions contemplated under the Firestone Agreement, execution of the Tema Thuo Agreement or completion of the transaction contemplated thereby, receipt of the Regulatory Approvals, receipt of the final Exchange acceptance, raising sufficient funding by the Company to pay the purchase price under the Firestone Agreement or the Tema Thuo Agreement. Forward-looking statements are frequently, but not always, identified by words such as “expects”, “anticipates”, “believes”, “intends”, “estimates”, “potential”, “possible”, and similar expressions, or statements that events, conditions, or results “will”, “shall”, “may”, “could”, or “should” occur or be achieved. Actual future results may differ materially. There can be no assurance that such statements will prove to be accurate and future events could differ materially from those anticipated in such statements. Factors which could cause such forward-looking statements to be incorrect include, among other things, failure by the Company to pay the purchase price under the Firestone Agreement or the Tema Thuo Agreement, or to obtain the Regulatory Approvals or to obtain the final acceptance by the Exchange. Tango’s forward-looking statements reflect the beliefs, opinions and projections on the date the statements are made. Except as required by law, Tango assumes no obligation to update the forward-looking statements of beliefs, opinions, projections, or other factors, should they change, except as required by law.

The TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) has in no way passed upon the merits of the proposed transaction and has neither approved nor disapproved the contents of this press release.

OENA OPERATIONAL UPDATE

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VANCOUVER, BRITISH COLUMBIA — 6 July 2015 – Tango Mining Limited (“Tango” or the “Company”) (TSXV:TGV) announces bulk sampling program update at Oena Project (“Oena”) following receipt of the required necessary regulatory and ministerial approvals, and the subsequent completion of the transfer of the controlling interest in African Star Minerals (Pty) Ltd. (“African Star”) to Tango. African Star holds a 100% interest in the Oena, Northern Cape Province, South Africa.

  • The bulk sample program previously announced is progressing with a mining contractor and earthmoving equipment on site and commissioned to support a total of 1.5 million tonnes per annum (tpa) throughput.
  • Initial bulk sample results to date supports a grade of 0.298 carats (ct) per hundred tonnes (cpht) (0.775 ct/100 m3) recovered from 12,215 tonnes of run of mine gravel treated to date with an average stone size of 3.03 ct. The time to complete the approval process resulted in a delay of the bulk sample program.
  • A 11.5 ct diamond has been recovered.
  • Diamond offtake agreement was signed with ATC Enterprises DMCC (“ATC”) (announced 17 June 2015), a private Dubai based trading company and with over 25 years’ experience in trading diamonds for a period of 12 months.

Oena Project

Oena consists of an 8,800 hectares (ha) mining right of along the Orange River in a well-established alluvial diamond-mining province known to produce high quality and large sized diamonds. The mining surface rights are secured with a notarial lease over the property for 99 years and matures in 2090. An application for the renewal of the mining right for a further 30 years has been lodged with the Department of Mineral Resources for the period ending 2045.

Oena is located 50 kilometers (km) upstream of Namdeb’s Auchas and Daberas alluvial diamond mines which are on the Namibian bank of the river, while Trans Hex’s Reuning and Baken alluvial diamond mines are respectively 15 km and 60 km downstream of Oena on the South African bank of the river. A National Instrument 43-101 report was announced 1 December 2014 with an estimate of resources, grade and potential. The property contains three separate diamond bearing meso-terraces, Oena Main, Sandberg and Blokwerf Terraces which have had various degrees of exploration and historical trial mining. Oena Main is relatively well explored with generations of drill holes, sample pits and trial mining performed on the lease area.

Earthmoving and mining equipment mobilized include three Komatsu excavators, three Bell 25-tonne ADT’s supported by two Bell Front-end loaders, double deck sizing screens, a two-tonne service truck and other support equipment. The rotary pan plants system will be complemented with a 100 tph Bourevestnik X-ray machine to reduce human interaction with liberated gemstones and increased efficiency levels. The current rotary pan plants with a nominal 150 tonne per hour (tph) feed rate, consists of a static grizzly rejecting particles >100mm, and feeding smaller material via an apron feeder to a 2,5m long by 1,5m diameter trommel sieve which rejects material >25mm diameter. The <25mm material, roughly 50% of the head feed, is fed directly into a 16’ single pan and 14’ pan without any de-sanding sieves. Concentrate from the pan plants are tapped at regular intervals (~10 tph) and transported via a concentrate truck to the final recovery section where a classifier splits the feed over 3 grease tables each 2.5m long x 1.5m wide. Hand picking from the grease is performed every two hours when the grease is scraped off and stored for later cooking to release stones missed in the picking stage. It is estimated that the plant recovers 65% of the diamonds.

Management have identified the biggest risk in advancing this project is associated with the resource performance (grade) and product assurance (theft), both of which require the Company to source appropriate diamond recovery technology to ensure optimal recovery of diamonds. Risk mitigation through future implementation of BVX technology should increase diamond recovery efficiency as a result of up to 98% recovery and technology that limit human interaction with the final product.

Final Regulatory Approval to Secure African Star and Oena Property

All conditions have now been satisfied in respect of the shares of African Star held by Tango, and accordingly, the Company is now fully vested in its controlling interest of African Star, a subsidiary that holds a 100% interest in the Oena Project which consists of Mining Right MPT 58/2014 (MR), a portion of Richtersveld No 11, Administrative District of Namaqualand (see 20 October 2014 news release). Specifically, the section 11 (1) Ministerial approval under the Mineral and Petroleum Resources Development Act, 2002 (Act 28 of 2002), Republic of South Africa was granted on 24 April 2015, which allowed for the sale of the controlling 51% interest in African Star to Tango (completed on 18 June 2015). The time to complete the approval process resulted in the bulk sample program being delayed.

Change of Auditor

The Company has changed its auditor from BDO Canada LLP, Chartered Accountants, (the “Former Auditor”) to Ernest & Young LLP (the “Successor Auditor”).  There were no reservations in the Former Auditor’s reports for the two most recently-completed fiscal years or for any period subsequent to the most recently-completed period for which an audit report was issued and preceding the date of the Former Auditor’s resignation. There were no reportable events between the Company and the Former Auditor.  The Notice of Change of Auditor, together with the letter form the Former Auditor and the letter from the Successor Auditor have been reviewed by the Company’s audit committee and board of directors and arefiled on SEDAR.

The technical disclosure in this news release has been approved by Terry L. Tucker, P.Geo., Executive Chairman of the Company and a Qualified Person as defined by National Instrument 43-101 of the Canadian Securities Administrators.

About Tango Mining Limited

Tango Mining Limited is a Canadian company that acquired African Star Minerals Group’s (“ASM”) operations in South Africa late in 2014. Tango has four thermal coal, metallurgical and processing plant and engineering contracts that process 6.5 million tonnes per annum (19.5 million tonnes are contracted over next 3 years), with clientele that include Total (SA) and Glencore plc. The four projects are located within the Ogies and Highveld coalfields, Mpumalanga Province and Kliprivier coalfield, KwaZulu-Natal Province. The Company also holds an interest in the Oena Project, a past producing alluvial diamond property, Northern Cape Province, South Africa.  The Company’s vision is to become a diversified junior mining company with interests in precious and base metals, coal and diamond mining projects.

FOR FURTHER INFORMATION PLEASE CONTACT:

Mr. Terry L. Tucker, P.Geo.Executive Chairman

Tango Mining Limited

terry.t@tangomining.com

Mr. Marco MöllerPresident and CEO

Tango Mining Limited

marco.m@tangomining.com

Statement Regarding Forward Looking Information

Certain information set forth in this press release contains “forward-looking statements” and “forward-looking information” under applicable securities laws. Except for statements of historical fact, certain information contained herein constitutes forward-looking statements, which include management’s assessment of future plans and operations and are based on current internal expectations, estimates, projections, assumptions and beliefs, which may prove to be incorrect. Some of the forward-looking statements may be identified by words such as “forecasts”, estimates”, “expects” “anticipates”, “believes”, “projects”, “plans”, “outlook”, “capacity” and similar expressions. These statements are not guarantees of future performance and undue reliance should not be placed on them. Such forward-looking statements necessarily involve known and unknown risks and uncertainties, which may cause the Company’s actual performance and financial results in future periods to differ materially from any projections of future performance or results expressed or implied by such forward-looking statements. These risks and uncertainties include, but are not limited to: risks that the presence of diamond deposits mentioned on or near the Company’s property are not indicative of diamonds on the Company’s property, risks that the actual revenues will be less than projected; risks that the target production for the existing mining contracts will be less than projected or expected; risks that production will not commence as projected due to delay or inability to receive governmental approval of the Company’s acquisition or the timely completion of a NI 43-101 report; technical problems; inability of management to secure sales or third party purchase contracts; currency and interest rate fluctuations; various events which could disrupt operations, including labor stoppages and severe weather conditions; and management’s ability to anticipate and manage the foregoing factors and risks. The forward-looking statements and information contained in this press release are based on certain assumptions regarding, among other things, future prices for coal and diamonds; future currency and exchange rates; the Company’s ability to generate sufficient cash flow from operations and access capital markets to meet its future obligations; coal consumption levels; and the Company’s ability to retain qualified staff and equipment in a cost-efficient manner to meet its demand. There can be no assurance that forward-looking statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. The reader is cautioned not to place undue reliance on forward-looking statements. The Company does not undertake to update any of the forward-looking statements contained in this press release unless required by law. The statements as to the Company’s capacity to achieve revenue are no assurance that it will achieve these levels of revenue. 

The TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) has in no way passed upon the merits of the proposed transaction and has neither approved nor disapproved the contents of this press release. 

TANGO CLOSES FIRST TRANCHE FINANCING for CAD $525,000

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VANCOUVER, BRITISH COLUMBIA — 22 June 2015 – Tango Mining Limited (“Tango” or the “Company”) (TSXV:TGV) announces the completion of the first tranche of the 12% secured notes (“Secured Notes”) for gross proceeds of CAD $525,000.

The Company closed on the first tranche of its offering of non-transferrable convertible Secured Notes bearing interest at a rate of 12% per annum. The Secured Notes have a one year term, and, at any time after issuance, the holder may elect, at the holder’s sole discretion, to be repaid all or a portion of the principal amount of the Secured Note in common shares of the Company at a value of CAD $0.05 per common share. In the event that the holders elect to have the accrued and unpaid interest payable by the issuance of common shares of Tango, the Company shall make application to the TSX Venture Exchange for approval to have the shares issued at a price not below the market price at the time that the accrued interest becomes due and payable.

The aggregate offering of the Secured Notes, in the amount of up to CAD $2,500,000, are secured against Tango’s 51% interest in African Star Minerals (Pty) Ltd., and the closing and completion of any lesser amount of Secured Notes shall result in a pro-rata reduction of pledged interest, which, only perfects and becomes realizable by the holder upon an event of default by Tango under the terms of the Secured Notes. Further, Tango’s 51% interest remains subject to completion of the transfer of the underlying securities representing same in respect of the application for transfer made to the Minister of Mineral Resources pursuant to section 11 of the draft Mineral and Petroleum Resources Development Act No. 28 of 2002, Republic of South Africa.

Tango paid an eligible finder a cash finder’s fee equal to 6% of the gross proceeds raised for the first tranche issuance of Secured Notes in the amount of CAD $16,500. The Secured Notes and the underlying common shares issuable upon conversion are subject to a four-month hold period expiring on October 20, 2015.

The proceeds from the private placement offering of Secured Notes will be used for ongoing development of the Company’s current projects, acquisition of new projects and for general working capital purposes.

About Tango Mining Limited

Tango Mining Limited is a Canadian company that acquired African Star Minerals Group’s (“ASM”) operations in South Africa late in 2014. Tango has four thermal coal, metallurgical and processing plant and engineering contracts that process 6.5 million tonnes per annum (19.5 million tonnes are contracted over next 3 years), with clientele that include Total (SA) and Glencore plc. The four projects are located within the Ogies and Highveld coalfields, Mpumalanga Province and Kliprivier coalfield, KwaZulu-Natal Province. The Company also holds an interest in the Oena Project, a past producing alluvial diamond property, Northern Cape Province, South Africa and a 100% interest in the 2,088.8 hectare El Santo Project, Nicaragua. The Company’s vision is to become a diversified junior mining company with interests in precious and base metals, coal and diamond mining projects.

FOR FURTHER INFORMATION PLEASE CONTACT:

Mr. Terry L. Tucker, P.Geo.

Executive Chairman

Tango Mining Limited

terry.t@tangomining.com

Mr. Marco Möller

President and CEO

Tango Mining Limited

marco.m@tangomining.com

Statement Regarding Forward Looking Information

This press release includes certain “forward-looking information” and “forward-looking statements” (collectively “forward-looking statements”) within the meaning of applicable Canadian securities legislation. Forward looking statements include, but are not limited to, statements regarding the issuance of the Secured Notes and the use of proceeds from the Secured Notes financings. Forward-looking statements are frequently, but not always, identified by words such as “expects”, “anticipates”, “believes”, “intends”, “estimates”, “potential”, “possible”, and similar expressions, or statements that events, conditions, or results “will”, “shall”, “may”, “could”, or “should” occur or be achieved. Actual future results may differ materially. There can be no assurance that such statements will prove to be accurate and future events could differ materially from those anticipated in such statements. Factors which could cause such forward-looking statements to be incorrect include, among other things, failure to obtain regulatory approval, including the approvals required under South African legislation, for the issuance of the Secured Notes and management’s discretion to reallocate the proceeds of the financings. Tango’s forward-looking statements reflect the beliefs, opinions and projections on the date the statements are made. Except as required by law, Tango assumes no obligation to update the forward-looking statements of beliefs, opinions, projections, or other factors, should they change, except as required by law.

The TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) has in no way passed upon the merits of the proposed transaction and has neither approved nor disapproved the contents of this press release.

TANGO RAISES USD $500,000 FROM ISSUANCE OF CONVERTIBLE NOTE

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VANCOUVER, BRITISH COLUMBIA — 17 June 2015 – Tango Mining Limited (“Tango” or the “Company”) (TSXV:TGV) announces that it has raised USD $500,000 by the issuance to ATC Enterprises DMCC (“ATC”) of an unsecured one year convertible note (the “Unsecured Note”) in consideration of an offtake of diamond production (the “Offtake Right”) from the Oena Project (“Oena”) (see news release dated 19 May 2015).

ATC is a private, Dubai based, trading company registered in the Dubai Multi Commodity Centre. The ATC team has over 25 years’ experience of trading diamonds and has been active for 10 years. Currently, 1 in 4 rough diamonds from Africa are traded through Dubai and it has become one of the largest and most favored destinations for purchasing rough diamonds. All diamonds traded by ATC are fully certified under the Kimberley Process Certification Scheme.

Unsecured Note

Tango has issued a USD $500,000 Unsecured Note to ATC in the principal amount of USD $500,000, bearing interest at a rate of 10% per annum. ATC has the option at maturity, at its sole discretion, to be repaid all or a portion of the principal amount of the Unsecured Note by the issuance of common shares of Tango having a value of CAD $0.05 per share. In the event that ATC elects to have the accrued and unpaid interest payable by the issuance of common shares of Tango, the Company shall make application to the TSX Venture Exchange for approval to have the shares issued at the market price at the time that the accrued interest becomes due and payable.

A cash finder’s fee equal to 6% of the gross proceeds raised for the Unsecured Note is payable. The Unsecured Note and the underlying common shares issuable upon conversion are subject to a four‐month hold period expiring on October 18, 2015. The proceeds from the Unsecured Note will be used for ongoing development of the Company’s current projects, acquisition of new projects and for general working capital purposes.

Offtake Right

The Offtake Right is effective as of the date of issuance of the Unsecured Note and shall expire on the later of:

(i) the date that is 12 months after the date that ATC takes delivery of the first diamond; and (ii) the date that ATC has received a minimum of 2,000 carats.

About Tango Mining Limited

Tango Mining Limited is a Canadian company that acquired African Star Minerals Group’s (“ASM”) operations in South Africa late in 2014. Tango has four thermal coal, metallurgical and processing plant and engineering contracts that process 6.5 million tonnes per annum (19.5 million tonnes are contracted over next 3 years), with clientele that include Total (SA) and Glencore plc. The four projects are located within the Ogies and Highveld coalfields, Mpumalanga Province and Kliprivier coalfield, KwaZulu‐Natal Province. The Company also holds an interest in the Oena Project, a past producing alluvial diamond property, Northern Cape Province, South Africa. The Company’s vision is to become a diversified junior mining company with interests in precious and base metals, coal and diamond mining projects.

FOR FURTHER INFORMATION PLEASE CONTACT:

Mr. Terry L. Tucker, P.Geo.

Executive Chairman

Tango Mining Limited

terry.t@tangomining.com

Mr. Marco Möller

President and CEO

Tango Mining Limited

marco.m@tangomining.com

Statement Regarding Forward Looking Information

This press release includes certain “forward-looking information” and “forward-looking statements” (collectively “forward-looking statements”) within the meaning of applicable Canadian securities legislation. Forward looking statements include, but are not limited to, statements regarding the Offtake Right and the issuance of the Unsecured Note and the use of proceeds from the Unsecured Note financings. Forward-looking statements are frequently, but not always, identified by words such as “expects”, “anticipates”, “believes”, “intends”, “estimates”, “potential”, “possible”, and similar expressions, or statements that events, conditions, or results “will”, “shall”, “may”, “could”, or “should” occur or be achieved. Actual future results may differ materially. There can be no assurance that such statements will prove to be accurate and future events could differ materially from those anticipated in such statements. Factors which could cause such forward-looking statements to be incorrect include, among other things, failure to obtain regulatory approval, including the approvals required under South African legislation, for the issuance of the Offtake Right and Unsecured Notes and management’s discretion to reallocate the proceeds of the financings. Tango’s forward-looking statements reflect the beliefs, opinions and projections on the date the statements are made. Except as required by law, Tango assumes no obligation to update the forward-looking statements of beliefs, opinions, projections, or other factors, should they change, except as required by law.

The TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) has in no way passed upon the merits of the proposed transaction and has neither approved nor disapproved the contents of this press release.

TANGO ANNOUNCES DIAMOND OFFTAKE AND UNSECURED NOTE AGREEMENT AND A SECURED CONVERTIBLE NOTES OFFERING

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VANCOUVER, BRITISH COLUMBIA — 19 May 2015 – Tango Mining Limited (“Tango” or the “Company”) (TSXV:TGV) announces that it has granted an offtake of diamond production from the Oena Project (“Oena”) (the “Offtake Right”) with ATC Enterprises DMCC (“ATC”) and in consideration of the Offtake Right, ATC has agreed to purchase from Tango a USD $500,000 unsecured one year convertible note (the “Unsecured Note”).

ATC is a private, Dubai based, trading company registered in the Dubai Multi Commodity Centre. The ATC team has over 25 years experience of trading diamonds and has been active for 10 years. Currently, 1 in 4 rough diamonds from Africa are traded through Dubai and it has become one of the largest and most favoured destinations for purchasing rough diamonds. All diamonds traded by ATC are fully certified under the Kimberley Process Certification Scheme.

Marco Möller, Tango CEO, said the Company had secured an excellent sales and funding partner with ATC. “Their decision to provide finance in return for access to a diamond supply agreement is testament to the quality of the possible diamond production from Oena and an expression of confidence in Tango’s corporate development and growth strategy”.

ATC Unsecured Note

The Unsecured Note will be a one year non-transferrable convertible note in the principal amount of USD $500,000, bearing interest at a rate of 10% per annum. ATC has the option at maturity, at its sole discretion, to be repaid all or a portion of the principal amount and accrued and unpaid interest by the issuance of common shares of Tango having a value of CAD $0.05 per share.

ATC Offtake Right

The Offtake Right shall become effective on the date of issuance of the Unsecured Note and shall expire on the later of: (i) the date that is 12 months after the date that ATC takes delivery of the first diamond; and (ii) the date that ATC has received a minimum of 2,000 carats. A valuator appointed by Tango shall determine the price of diamonds produced from Oena and ATC shall be entitled to a fee payable in cash equal to 10% of the gross sale proceeds.

Secured Convertible Notes Offering

Tango further announces a non-brokered private placement offering for gross proceeds of up to CAD $2,500,000 by the issuance of two-year non-transferrable convertible secured notes (the “Secured Notes”) bearing interest at a rate of 12% per annum. The principal and accrued and unpaid interest shall be paid by the Company at maturity, except however, at any time after issuance the holder may elect, at the holder’s sole discretion, to be repaid all or a portion of the principal and accrued and unpaid interest in common shares of the Company at a value of CAD $0.05 per common share. The Secured Notes shall be offered to qualified purchasers resident in any Canadian Province and in international jurisdictions, not including the United States, and shall be in reliance upon exemptions from prospectus and registration requirements of applicable securities legislation. The issuance of securities pursuant to the Secured Notes including any other resale restrictions is subject to rules imposed by applicable securities regulatory authorities.

The Secured Notes shall be secured on a pro-rata basis using a formula per subscription amount against the Company’s right, title, and interest (a 51% interest) in and to African Star Minerals (Pty) Ltd., (“African Star”), a private South African company, that holds a 100% interest in Oena (see News Release dated 20 October 2014).

The issuance of the Unsecured Note and Secured Notes are subject to receipt of approvals of all regulatory authorities having jurisdiction, including the TSX Venture Exchange. The security and the Offtake Right shall perfect upon completion of the ongoing applicable approvals required under South African legislation related to the administrative process pending in relation to the prescribed regulations of the Department of Mineral Resources, Section 11 (1) of the Mineral and Petroleum Resources Development Act, 2002 (Act 28 of 2002), Republic of South Africa.

African Star was granted a Section 11 (1) Ministerial approval on 24 April 2015 approving Tango’s ownership rights in African Star. The issued share certificate requires South African Reserve Bank (SARB) endorsement as the final condition precedent, which will upon receipt, secure ownership and control of Oena allowing the bulk sampling program to commence as described in Tango’s News Releases dated 1 October 2014, 20 October 2014, 3 March 2015 and MD&A dated 28 February 2015.

A cash finder’s fee equal to 6% of the gross proceeds raised for the Unsecured Note and Secured Notes shall be paid to eligible finders. The Unsecured Note and Secured Notes and the underlying common shares issuable upon conversion of each, shall be subject to a four-month hold period from the date of issuance of the Unsecured Note or the Secured Notes, as applicable, including any other resale restrictions imposed by applicable securities regulatory authorities.

The proceeds from this private placement offering of the Unsecured Note and Secured Notes will be used for ongoing development of the Company’s current projects, acquisition of new projects and for general working capital purposes.

About Tango Mining Limited

Tango Mining Limited is a Canadian company that acquired African Star Minerals Group’s (“ASM”) operations in South Africa late in 2014. Tango has four thermal coal, metallurgical and processing plant and engineering contracts that process 6.5 million tonnes per annum (19.5 million tonnes are contracted over next 3 years), with clientele that include Total (SA) and Glencore plc. The four projects are located within the Ogies and Highveld coalfields, Mpumalanga Province and Kliprivier coalfield, KwaZulu-Natal Province. The Company also holds an interest in Oena, a past producing alluvial diamond property, Northern Cape Province, South Africa and a 100% interest in the 2,088.8 hectare El Santo Project, Nicaragua. The Company’s vision is to become a diversified junior mining company with interests in precious and base metals, coal and diamond mining projects.

FOR FURTHER INFORMATION PLEASE CONTACT:

Mr. Terry L. Tucker, P.Geo.

Executive Chairman

Tango Mining Limited

terry.t@tangomining.com

Mr. Marco Möller

President and CEO

Tango Mining Limited

marco.m@tangomining.com

 Statement Regarding Forward Looking Information

This press release includes certain “forward-looking information” and “forward-looking statements” (collectively “forward-looking statements”) within the meaning of applicable Canadian securities legislation. Forward looking statements include, but are not limited to, statements regarding completion of the issuance of the Offtake Right, Unsecured Note and Secured Notes and the use of proceeds from the Unsecured Note and Secured Notes financings. Forward-looking statements are frequently, but not always, identified by words such as “expects”, “anticipates”, “believes”, “intends”, “estimates”, “potential”, “possible”, and similar expressions, or statements that events, conditions, or results “will”, “shall”, “may”, “could”, or “should” occur or be achieved. Actual future results may differ materially. There can be no assurance that such statements will prove to be accurate and future events could differ materially from those anticipated in such statements. Factors which could cause such forward-looking statements to be incorrect include, among other things, failure to obtain regulatory approval, including the approvals required under South African legislation, for the issuance of the Offtake Right, Unsecured Notes and Secured Notes and management’s discretion to reallocate the proceeds of the financings. Tango’s forward-looking statements reflect the beliefs, opinions and projections on the date the statements are made. Except as required by law, Tango assumes no obligation to update the forward-looking statements of beliefs, opinions, projections, or other factors, should they change, except as required by law.

The TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) has in no way passed upon the merits of the proposed transaction and has neither approved nor disapproved the contents of this press release.

BULK SAMPLING PROGRAM HAS COMMENCED AT OENA PROJECT, SOUTH AFRICA

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VANCOUVER, BRITISH COLUMBIA — 3 March 2015 – Tango Mining Limited (“Tango” or the “Company”) (TSXV:TGV) is pleased to announce that the bulk sampling program at its Oena Project (“Oena”), Northern Cape Province, South Africa commenced in February 2015 on schedule.

Highlights

  • Successful mobilization of mining contractor earthmoving equipment to support a total of 1.5 million tonnes per annum (tpa) throughput capacity.
  • The first 24,421 tonnes has been excavated, of which 3,390 run of mine tonnes have been processed through the commissioned rotary plant and recovery system.
  • The newly acquired high volume Bourevestnik (SA) (BVX) X-ray recovery equipment, to be commissioned in March 2015, will allow for increased recovery efficiencies and product insurance and protection.
  • First full month production results and subsequent diamond sales expected in Q3 2015 (March to May 2015).

Mr. Marco Möller, Chief Executive Officer and Director, commented, “We are pleased to announce that production has commenced at Oena with the necessary earth moving equipment and plant processing facility commissioned on the 22nd of February 2015 to allow the processing of 1.5 million tonnes of alluvial material per annum. The historical performance of the asset, supported by our existing operation and technical ability to optimize similar size projects support our confidence in Oena to deliver economic value to our shareholders. This is further complemented by the potential increase in diamond recovery efficiency and diamond protection as a result of the introduction of new generation concentrate handling and secured BVX X-ray recovery equipment technology.”

 The technical disclosure in this news release have been approved by Terry L. Tucker, P.Geo., Executive Chairman of the Company and a Qualified Person as defined by National Instrument 43-101 of the Canadian Securities Administrators.

About Tango Mining Limited

Tango Mining Limited is a Canadian company that holds a 100% interest in the 2,088.8 ha El Santo concession, Nicaragua and newly acquired South African mining assets comprising of four operations service contracts and diamond mining rights of 8,800 hectares (ha) along the Orange River in the well- established alluvial diamond-mining province known to produce high quality and large sized diamonds.

The Kwena Mining Project division of Tango operates in the Witbank coal district, Mpumalanga and Natal Provinces, South Africa and provide contract mining, metallurgical process and engineering services to clientele that include Total (SA) and Glencore PLC. A total of 19.5 million tons are currently under contract over next 3 years and provide the basis of employment to our highly qualified engineering and processing team consisting out of a staffing complement of 285.

Oena is located 50 kilometers (km) upstream of Namdeb’s Auchas and Daberas alluvial diamond mines which are on the Namibian or north bank of the river, while Trans Hex’s Reuning and Baken alluvial diamond mines are respectively 15 km and 60 km downstream of Oena on the South African or southern bank of the river. A recently filed National Instrument 43-101 report supports a bulk sampling program of 1.5 million tpa to extract a targeted 1200 carats (ct) at an indicative stone size of 1.39 ct/stone.

Management have identified the biggest risk in advancing this project is associated with the resource performance (grade) and product assurance (theft), both of which require the Company to ensure optimal recovery of diamonds. Risk mitigation through implementation of the BVX technology should increase diamond recovery efficiency and limit human interaction with the product.

The Company`s vision is to become a diversified junior mining company with interests in precious and base metals, coal, diamond and precious stone mining projects.

FOR FURTHER INFORMATION PLEASE CONTACT:

Mr. Terry L. Tucker, P.Geo.

Executive Chairman

Tango Mining Limited

terry.t@tangomining.com

Mr. Marco Möller

President and CEO

Tango Mining Limited

marco.m@tangomining.com

The TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) has in no way passed upon the merits of the proposed transaction and has neither approved nor disapproved the contents of this press release.

This news release contains forward-looking statements, which relate to future events or future performance and reflect management’s current expectations and assumptions. Forward-looking statements address future events and conditions and therefore, involve inherent risks and uncertainties. Readers are cautioned that these forward looking statements are neither promises nor guarantees, and are subject to risks and uncertainties that may cause future results to differ materially from those expected. The presence of gold deposits mentioned nearby the Company’s property is not indicative of the gold mineralization on the Company’s property. All of the forward-looking statements made in this news release are qualified by these cautionary statements and those in our continuous disclosure filings available on SEDAR at www.sedar.com. These forward-looking statements are made as of the date hereof and the Company does not assume any obligation to update or revise them to reflect new events or circumstances save as required under applicable securities legislation. This news release does not constitute an offer to sell securities and the Company is not soliciting an offer to buy securities in any jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of such jurisdiction.

TANGO ANNOUNCES CLOSING OF PRIVATE PLACEMENT

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VANCOUVER, BRITISH COLUMBIA — 3 March 2015 – Tango Mining Limited (“Tango” or the “Company”) (TSXV:TGV) is pleased to announce that it has now completed its $200,000 non-brokered private placement announced on February 25, 2015. The Company issued a total of 4,000,000 units (“Units”) at a price of $0.05 per Unit for gross proceeds of $200,000 (the “Financing”). Each Unit consisted of one common share (a “Share”) and one transferable share purchase warrant (a “Warrant”) to purchase an additional Share at a price of $0.10 for a period of 24 months, expiring on March 2, 2017. All securities issued in connection with the Financing are subject to a four month and one day hold period expiring on July 3, 2015.

The net proceeds of the Financing are for general working capital and corporate purposes.

About Tango Mining Limited

Tango Mining Limited is a Canadian company that recently acquired African Star Minerals Group’s (“ASM or African Star”) operations in South Africa. Tango has four thermal coal, metallurgical and processing plant and engineering contracts that process 6.5 million tonnes per annum (19.5 million tonnes are contracted over next 3 years), with clientele that include Total (SA) and Glencore plc. The four projects are located within the Ogies and Highveld coalfields, Mpumalanga Province and Kliprivier coalfield, KwaZulu-Natal Province. The Company also holds a 100% interest in the Oena Project, a past producing alluvial diamond property, Northern Cape Province, South Africa and a 100% interest in the 2,088.8 ha El Santo Project, Nicaragua. The Company`s vision is to become a diversified junior mining company with interests in precious and base metals, coal, diamond and precious stone mining projects

FOR FURTHER INFORMATION PLEASE CONTACT:

Mr. Terry L. Tucker, P.Geo.

Executive Chairman

Tango Mining Limited

terry.t@tangomining.com

Mr. Marco Möller

President and CEO

Tango Mining Limited

marco.m@tangomining.com

The TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) has in no way passed upon the merits of the proposed transaction and has neither approved nor disapproved the contents of this press release.

TANGO ANNOUNCES APPOINTMENT OF NEW DIRECTOR

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VANCOUVER, BRITISH COLUMBIA — 2 March 2015 – Tango Mining Limited (“Tango” or the “Company”) (TSXV:TGV) is pleased to announce that Mr. Marco Möller has been appointed to the Board of Directors.

Mr. Möller has over 20 years’ experience in the southern African mining, energy export, manufacturing and engineering sectors, which includes the CEO of African Star. He was also founder and Executive Managing Director of AFRICO Engineering and JOSS Steelworks and was group financial controller of Firestone Diamonds PLC, where he was part of the key management team responsible for developing various alluvial and kimberlitic assets from early exploration through to production status. Mr. Möller holds an MBA from the Graduate School of Business, University of Cape Town, South Africa and has completed the South African Institute of Chartered Accountants (SAICA) training program with PWC.

Terry L. Tucker, Executive Chairman of the Company, stated “We are very pleased with the contribution Mr. Möller has made as the CEO to Tango since the acquisition of the African Star and welcome him as a valuable member of our Board”.

About Tango Mining Limited

Tango Mining Limited is a Canadian company that recently acquired African Star Minerals Group’s (“ASM or African Star”) operations in South Africa. Tango has four thermal coal, metallurgical and processing plant and engineering contracts that process 6.5 million tonnes per annum (19.5 million tonnes are contracted over next 3 years), with clientele that include Total (SA) and Glencore plc. The four projects are located within the Ogies and Highveld coalfields, Mpumalanga Province and Kliprivier coalfield, KwaZulu-Natal Province. The Company also holds a 100% interest in the Oena Project, a past producing alluvial diamond property, Northern Cape Province, South Africa and a 100% interest in the 2,088.8 ha El Santo Project, Nicaragua. The Company`s vision is to become a diversified junior mining company with interests in precious and base metals, coal, diamond and precious stone mining projects

FOR FURTHER INFORMATION PLEASE CONTACT:

Mr. Terry L. Tucker, P.Geo.

Executive Chairman

Tango Mining Limited

terry.t@tangomining.com

Mr. Marco Möller

President and CEO

Tango Mining Limited

marco.m@tangomining.com

The TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) has in no way passed upon the merits of the proposed transaction and has neither approved nor disapproved the contents of this press release.

 

TANGO MINING ANNOUNCES $200,000 PRIVATE PLACEMENT

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VANCOUVER, BRITISH COLUMBIA — 25 February 2015 – Tango Mining Limited (“Tango” or the “Company”) (TSXV:TGV) announces that , subject to TSX Venture Exchange approval, it has closed a private placement of 4,000,000 units at $0.05 per Unit. Each Unit consists of one common share and one transferable share purchase warrant, with each warrant exercisable into one common share of the Company at an exercise price of $0.10 per share, exercisable for a period of 24 months from the date of issuance.

The funds raised are for general working capital and corporate purposes.

Terry Tucker and Ian Mann, both directors of the Company subscribed for all of the 4,000,000 units of the placement and, upon completion of the placement, Mr. Tucker holds 2,275,000 common shares, representing 1.48% of the Company’s issued and outstanding shares, and Mr. Mann holds 4,900,425 common shares, representing 3.19% of the Company’s issued and outstanding shares. The price of the units was determined in accordance with the policies of the TSX Venture Exchange. The acquisition of units by insiders under the private placement was exempt from the formal valuation and minority approval requirements of Multilateral Instrument 61-101 pursuant to sections 5.5(a) and 5.7(a) of that instrument.

About Tango Mining Limited

Tango Mining Limited is a Canadian company that recently acquired African Star Minerals Group’s (“ASM”) operations in South Africa. Tango has four thermal coal, metallurgical and processing plant and engineering contracts that process 6.5 million tonnes per annum (19.5 million tonnes are contracted over next 3 years), with clientele that include Total (SA) and Glencore plc. The four projects are located within the Ogies and Highveld coalfields, Mpumalanga Province and Kliprivier coalfield, KwaZulu-Natal Province. The Company also holds a 100% interest in the Oena Project, a past producing alluvial diamond property, Northern Cape Province, South Africa and a 100% interest in the 2,088.8 ha El Santo Project, Nicaragua. El Santo is believed to host several east-west trending, low sulphidation, epithermal gold-quartz vein systems. The Company`s vision is to become a diversified junior mining company with interests in precious and base metals, coal, diamond and precious stone mining projects

FOR FURTHER INFORMATION PLEASE CONTACT:

Mr. Terry L. Tucker, P.Geo.
Executive Chairman
Tango Mining Limited
terry.t@tangomining.com
Mr. Marco Möller
President and CEO
Tango Mining Limited
marco.m@tangomining.com

The TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) has in no way passed upon the merits of the proposed transaction and has neither approved nor disapproved the contents of this press release.

This news release contains forward-looking statements, which relate to future events or future performance and reflect management’s current expectations and assumptions. Forward-looking statements address future events and conditions and therefore, involve inherent risks and uncertainties. Readers are cautioned that these forward looking statements are neither promises nor guarantees, and are subject to risks and uncertainties that may cause future results to differ materially from those expected. The presence of gold deposits mentioned nearby the Company’s property is not indicative of the gold mineralization on the Company’s property. All of the forward-looking statements made in this news release are qualified by these cautionary statements and those in our continuous disclosure filings available on SEDAR at www.sedar.com. These forward-looking statements are made as of the date hereof and the Company does not assume any obligation to update or revise them to reflect new events or circumstances save as required under applicable securities legislation. This news release does not constitute an offer to sell securities and the Company is not soliciting an offer to buy securities in any jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of such jurisdiction. The technical disclosure in this news release have been approved by Terry L. Tucker, P.Geo., Executive Chairman of the Company and a Qualified Person as defined by National Instrument 43-101 of the Canadian Securities Administrators.

Tango Q1 2015 Operational And Financial Overview

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VANCOUVER, BRITISH COLUMBIA — 09 February 2015 – Tango Mining Limited (“Tango” or the “Company”) (TSXV:TGV) is pleased to provide its quarterly operational and financial overview for Q1 2015 (September 2014 to November 2014).

Highlights

Operational overview and financial results for Q1 2015 (Unaudited for 3 months ending 30 November 2014)

  • Following the successful closing of the acquisition of African Star Minerals Group’s (“ASM”) operations in South Africa, announced on 20 October 2014, the Company’s common shares commenced trading under the name “Tango Mining Limited” on the TSXV Exchange at market open on 24 November 2014 under the same trading symbol, “TGV” and launched a new website at tangomining.com. This new name reflects the Company’s diversified interests in precious and base metals, coal, diamonds and precious stone mining projects.
  • ASMs metallurgical and mining projects generated revenue of CAD $3,378,366 in Q1 2015 (vs. Q1 2014: CAD $nil). Total throughput of 1,839,165 metric tonnes were recorded to complement the forecast budget of 6.5 million tonnes for the annum.
  • Development decision approved at Oena Project, a past producing alluvial diamond mine located in theNorthern Cape Province, South Africa, was announced on 01 December 2014 upon the completion of National Instrument (NI) 43-101 report (filed on SEDAR). The bulk-sampling program is on schedule and will commence in Q2 2015 (quarter ending February 2015).
  • Consolidated net cash at end of Q1 2015 increased with CAD $210,566 (Q1 2014 net outflow: CAD $437,355) generated from operating activities and inclusion of newly acquired mining projects to a total of CAD $1,135,168. CAD $455,105 accrued to expedite operational readiness of the Oena Project and transaction costs were incurred in Q1 2015.

Mr. Marco Möller, President and Chief Executive Officer, commented:

We are very pleased with the positive results presented in our first quarter results following our recent acquisition of ASM’s South African mining operations, positioning us as a diversified junior mining company, with a portfolio of cash generating production assets, a near term low cost diamond mining asset and historic development properties to further the scalable growth strategy of the Company. We believe that it provides us with a competitive edge in the current market, considering that junior mining companies as a norm are reliant on the financial markets to sustain exploration and development intensive activities. We are confident that our newly acquired technical and operating capability will allow the successful transition from a purely exploration concern to one that of an operating concern with capabilities to successfully evaluate, expand and acquire new projects, while maintaining sound operating and commercially feasible projects in South Africa and globally.

We are confident that we will see the same positive production results from our operations over the next quarter that will support the generation of a positive EBITDA from existing projects. The historical performance of our production assets have been outstanding in terms of the mine call factor per contract achieved, which in turn are complemented by the potential increased in diamond recovery efficiency on our diamond mining asset through the introduction of new generation concentrate handling and BVX technology to be commissioned during Q2 2015.

We are hopeful to announce in the near future the possible acquisition of further near term producing precious and gem stone mining assets to grow and enhance the viability of our existing mining portfolio, while maintaining profitability during the current financial year.”

Operational Forecast for Q2 2015 (3 months ending 28 February 2015)

Metallurgical and Mining Projects

  • Metallurgical and mining projects revenue forecast for Q2 2015 of CAD $3,240,626 (Q1 2015: CAD $3,378,366).
  • No material changes on throughput and mine call factor expected from Q1 2015 results.

Oena Project

  • Issuance of NI43-101 instrument in Q1 2015 and positive development decision.
  • The Company has entered into a contract to sustain a 1,500,000 tonne per annum extraction program and mobilization of earth moving equipment by the mining contractor has commenced to allow production start in Q2 2015.
  • The Company has secured a Bourevestnik, Inc. manufactured high volume X-ray and recovery equipment (“BVX”) BVX equipment that will be mobilized to site to complement the existing production capacity, increased recovery efficiency and allow for higher product assurance. The BVX equipment to be commissioned and installed in Q2 2015.
  • Acknowledgement receipt from Department of Minerals for renewal of Oena mining rights for additional 30 years.
  • Tango awaits governmental approval of the acquisition transaction of the mining asset.
  • First diamond proceeds from operations to be expected end of Q2 2015.

Other Projects

  • Jakkelsdraai exploration work program has been deferred.
  • El Santo Project environmental permit was received late in Q1 2015 and this permit will now allow an exploration program to commence.

About Tango Mining Limited

Tango Mining Limited is a Canadian company that recently acquired African Star Minerals Group’s (“ASM”) operations in South Africa. Tango has four thermal coal, metallurgical and processing plant and engineering contracts that process 6.5 million tonnes per annum (19.5 million tonnes are contracted over next 3 years), with clientele that include Total (SA) and Glencore plc. The four projects are located within the Ogies and Highveld coalfields, Mpumalanga Province and Kliprivier coalfield, KwaZulu-Natal Province. The Company also holds a 100% interest in the Oena Project, a past producing alluvial diamond property, Northern Cape Province, South Africa and a 100% interest in the 2,088.8 ha El Santo Project, Nicaragua. El Santo is believed to host several east-west trending, low sulphidation, epithermal gold-quartz vein systems. The Company`s vision is to become a diversified junior mining company with interests in precious and base metals, coal, diamond and precious stone mining projects

FOR FURTHER INFORMATION PLEASE CONTACT:

Mr. Terry L. Tucker, P.Geo.

Executive Chairman

Tango Mining Limited

terry.t@tangomining.com

Mr. Marco Möller

President and CEO

Tango Mining Limited

marco.m@tangomining.com

The TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) has in no way passed upon the merits of the proposed transaction and has neither approved nor disapproved the contents of this press release.

This news release contains forward-looking statements, which relate to future events or future performance and reflect management’s current expectations and assumptions. Forward-looking statements address future events and conditions and therefore, involve inherent risks and uncertainties. Readers are cautioned that these forward looking statements are neither promises nor guarantees, and are subject to risks and uncertainties that may cause future results to differ materially from those expected. The presence of gold deposits mentioned nearby the Company’s property is not indicative of the gold mineralization on the Company’s property. All of the forward-looking statements made in this news release are qualified by these cautionary statements and those in our continuous disclosure filings available on SEDAR at www.sedar.com. These forward-looking statements are made as of the date hereof and the Company does not assume any obligation to update or revise them to reflect new events or circumstances save as required under applicable securities legislation. This news release does not constitute an offer to sell securities and the Company is not soliciting an offer to buy securities in any jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of such jurisdiction. The technical disclosure in this news release have been approved by Terry L. Tucker, P.Geo., Executive Chairman of the Company and a Qualified Person as defined by National Instrument 43-101 of the Canadian Securities Administrators.