TANGO DIAMOND SALES FROM OENA DIAMOND MINE, SOUTH AFRICA

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VANCOUVER, BRITISH COLUMBIA — 18 May 2018 – Tango Mining Limited (“Tango” or the “Company”) (TSXV:TGV) is pleased to provide an update on diamond sales results from the Oena Diamond Mine, Republic of South Africa (“Oena” or the “Property”). During the most recent production period ending 10 May 2018, a total of 72.81 carats (62 diamonds) were produced, placed on tender in Kimberley and sold with an average price of US$1,022.53 per carat. This includes a 9.4 carat diamond which sold at US$3,085 per carat.

Diamond production from Oena, since acquisition, including production from both run of mine (“ROM”) material as well as pan tailings (“Tailings”), now totals 1,866 carats that have been sold at an average price of US$1,117 per carat. A total of 25,860t of both ROM and Tailings material were processed during the most recent production period.

On behalf of the Board of Directors of Tango Mining Limited

Samer Khalaf

Chief Executive Officer

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

 

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