What is TGS really worth?, page-57

- Commercial production was at Kipoi SXEW within six weeks
reached after the start of operation.

- Production of 1,501 tonnes of copper cathode in July.

- On track the increased forecast of 14,000 tonnes of copper cathode in the
2014 to achieve.

Perth, Western Australia, Australia. 13 August 2014 Tiger Resources Ltd.
(WKN: A0CAJF, ASX: TGS) announced today that the solvent extraction and
Electro-extraction system (Solvent Extraction and Electro-Winning, SXEW) on
the Kipoi Copper Project in the Democratic Republic of the company
Congo (DRC) has reached commercial production of copper cathodes.

The company reached the milestone of commercial production in
July and produced 1,501 tonnes of copper cathode at 72% of rated power.

Tigers Managing Director (CEO), Brad Marwood said that the
Achieve commercial production within six weeks of
Commissioning of the project and the quality of the local teams
demonstrate.

"We have a very good working team and we vigorously pursue the
next target, the full rated output of 2,083 tonnes of copper cathode per
Month, "Mr. Marwood added.

"Often it can take over six months, a SXEW to full
To bring production. I expect that we will achieve this goal earlier
to be. "

Tiger expects the investment in this calendar year 14,000 tons
Copper cathode and 25,000 tonnes of copper cathode in its first full 12
Months will produce with commercial production.

background

The Kipoi Kupferprokjekt is located about 75 km north-northwest of Lubumbashi in
the Katanga Province of the DRC. Tiger has a 60 -% - Percentage of La Société
Exploitation de de Kipoi SPRL (SEK), a company registered in the DRC
Company that owns the project assets and the operator at Kipoi
is.

Tiger led to Kipoi by a development in phases. The Phase 2
Solvent extraction and electro-extraction system (Solvent Extraction and
Electro-Winning, SXEW) began in May 2014 with the production of
Copper cathodes. This first phase of SXEW is expected to
25,000 tonnes of copper cathode in its first full 12 months with
commercial production produce. The Phase 1 HMS system (Heavy Media
Separation) is Kipoi in production since 2011.

The Phase 1 HMS-operation has heaps with 159,600 tonnes of contained copper
produced. These dumps provide the material for the SXEW during
the first three years of operation.

The predicted cost of the SXEW plant over the life of
Mine (LOM) are at $ 1.04 per pound and the projected LOM C3
Costs (total costs including investment expenses) will be
$ 1.75 per pound.

It is envisaged that ore from Judeira and other deposits within the
Kipoi project area as well as from the nearby Lupoto project (100% Tiger
Resources) is also processed in the SXEW operation. This has
additional yields and expanded as the feed for the SXEW
available ore reserves. The increase in resources in these deposits
is possibly the mine life and / or the annual flow rate
increase the plant.

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