Done Deal

TIGER RESOURCES COMPLETES 100% ACQUISITION OF KIPOI COPPER PROJECT

Perth, Western Australia: Tiger Resources Limited (ASX: TGS) (“Tiger”) is pleased to announce it has completed the acquisition of the remaining 40% shareholding in Société d’Exploitation de Kipoi SA (“SEK”), the owner of the Kipoi Copper Project in the Democratic Republic of Congo (DRC). This follows the drawdown of US$50M against the finance facility with Taurus Mining Finance Fund.

SEK becomes a wholly-owned subsidiary of Tiger as a result of the acquisition. A 2.5% gross turnover royalty payable by SEK will be retained by the vendor Gécamines, and Tiger also intends to cede a 5% interest in SEK to the DRC Government to bring the mining title into alignment with mining law and regulations in the DRC.