Tango Adds Kimberlite to Middlepits Project, Botswana
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Tango Mining Limited
202 – 5626 Larch Street
Vancouver, British Columbia
V6M 4E1, Canada
TSX Venture: TGV
www.tangomining.com
TANGO ADDS KIMBERLITE TO MIDDLEPITS PROJECT, BOTSWANA
VANCOUVER, BRITISH COLUMBIA — 7 March 2018 – Tango Mining Limited (“Tango” or the “Company”) (TSXV:TGV)
is pleased to announce it has added an additional Prospecting License (“PL58”) to the Middlepits Project which hosts a
kimberlite called Kolonkwaneng. The Kolonkwaneng kimberlite was identified by De Beers in 1977 and more recent
airborne geophysics suggests it is elliptical in shape and is 127 metres (“m”) by 226 m in diameter. Bulk sampling work
by De Beers recovered micro diamonds and heavy minerals that indicate the kimberlite is diamondiferous.
Both PL101 and PL58 (now collectively the “Property”) are located 470 kilometers (km) south west of Gaborone and
90 km south west of Tshabong in the Kgalagadi District, Botswana. PL58 has been added as per the same terms and
conditions as previously announced on 21 December 2018.
Metswedi Mining (Pty) Limited has advised Tango that is in the process of renewal of PL101 and it will cover
approximately 429 km2. PL58 covers a total area of 2.3 km2 and is located immediately south east and adjacent to
PL101. Closing of the transaction is subject to the renewal of the Property.
About Tango Mining Limited
Tango, via its South African subsidiaries, holds three thermal coal, metallurgical, processing plant and engineering
contracts that process 6.5 Mt of coal per annum, with client 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, a producing alluvial diamond property located in the
Northern Cape Province, South Africa and recently signed an agreement on an alluvial diamond project in Botswana
called the Middlepits Project.
On behalf of the Board of Directors of Tango Mining Limited
Mr. 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.
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,
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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
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.