Tango Announces Termination of Kwena Group Disposition
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Tango Mining Limited
202 – 5626 Larch Street
Vancouver, British Columbia
V6M 4E1, Canada
TSX Venture: TGV
www.tangomining.com
TANGO ANNOUNCES TERMINATION OF KWENA GROUP DISPOSITION
VANCOUVER, BRITISH COLUMBIA — 3 October 2019 – Tango Mining Limited (“Tango” or the “Company”)
(TSX.V – TGV) announces that it has cancelled its special meeting of shareholders as t he proposed disposition of
the Kwena Group announced on the 30 July 2019 to Mr. Gallagher has been terminated.
The Company maintains its strategic focus on its diamond operations and in particular the Oena Diamond Mine.
As announced on 27 September 2019 , the Company had its best production quarter to date and d uring the
production period, 9 May to 7 August 2019, a total of 762.4 carats (339 diamonds) were produced, placed on
tender and sold with an average price of US1,346 per carat.
The Company will provide further updates on the Kwena Group in the future.
Mr. Samer Khalaf
Chief Executive Officer
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; potent ial 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; ri sks 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 ti mely 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
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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 cer tain
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 co uld 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 releas e 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.