Shares FOR Debt Settlement
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Tango Mining Limited
202 – 5626 Larch Street
Vancouver, British Columbia
V6M 4E1, Canada
TSX Venture: TGV
www.tangomining.com
SHARES FOR DEBT SETTLEMENT
VANCOUVER, BRITISH COLUMBIA — 16 May 2017 – Tango Mining Limited (“Tango” or the “Company”) (TSXV:TGV)
announces that it has reached a settlement with creditors for debt totaling C$37,500 by the issuance of 750,000
common shares at a price of $0.05 per share. These shares for debt settlements are subject to the approval of the TSX
Venture Exchange.
About Tango Mining Limited
Tango via its South African subsidiaries hold three thermal coal, metallurgical, processing plant and engineering
contracts that process 6.5 Mt of coal per annum, with clientele that include Exxaro. The three projects are located
within the Ogies and Highveld coalfields, Mpumalanga Province and Kliprivier coalfield, KwaZulu‐Natal Province, South
Africa. The Company also holds an interest in the Oena Diamond Mine, an alluvial diamond property, located in the
Northern Cape Province, South Africa.
On behalf of the Board of Directors of Tango Mining Limited
Mr Terry L. Tucker, P.Geo.
Executive Chairman and Interim CEO
Tango Mining Limited
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.
Forward‐Looking Statement
Certain information set forth in this news 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 statements with respect to the estimation of mineral resources; the realization of mineral
resource estimates; anticipated future production, capital and operating costs; cash flows and mine life; potential size
of a mineralized zone; potential expansion of mineralization; potential types of mining operations; permitting
timelines; government regulation of exploration and mining operations; risks that the presence of diamond deposits
mentioned nearby the Company's property are not indicative of the diamond mineralization on the Company's
property, the supply and demand for, deliveries of and the level and volatility of prices of rough diamonds, 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 an NI43‐101 report; technical
problems; inability of management to secure sales or third party purchase contracts; currency and interest rate
fluctuations; foreign exchange fluctuations and foreign operations; 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 news release are based on certain assumptions
regarding, among other things, future prices for coal and diamonds; future currency and exchange rates; the
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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 news 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.