Initial Inferred Resource of 439,000 Tonnes of Contained Copper...

Initial Inferred Resource of 439,000 Tonnes of Contained Copper and 20,000 Tonnes of Cobalt Highlights Potential of Kipoi Project

Balcatta, Western Australia, Australia. 5 March 2008. Tiger Resources Limited (ASX: TGS) is pleased to announce an Initial Mineral Resource estimate, by Cube Consulting Pty Ltd, for the Kipoi Central copper deposit in the Katanga Copper Belt of the Democratic Republic of Congo.

Highlights of the initial resource estimate are:

- Inferred Resource of 13.4Mt at 3.3% Cu containing 439,000 tonnes of copper, 20,000 tonnes of cobalt and 1,416,000 ounces of silver.

- High grade component of Inferred Resource of 3.2Mt at 7.2% Cu containing 230,000 tonnes of copper, 5,200 tonnes of cobalt and 441,000 ounces of silver.

- Resource model based on mineralisation to approximately 150 metres vertical depth. Deposit amenable to conventional open pit mining.

- Majority of resource reports to Oxide and Transitional Zones. Preliminary testwork shows SXEW processing will deliver recoveries above 90% copper.

- Significant potential to increase the initial resource estimate for both copper and cobalt at Kipoi Central.

- Initial estimate based on the results of 44 diamond holes for a total of 9,200 metres. A further 62 holes for 8,700 metres of infill and extension drilling have been completed and a resource upgrade incorporating these results is planned for June quarter 2008.

- Mineralisation remains open along strike. In addition highly encouraging results received from drilling to west of Kipoi Central.

- Mineralisation remains open down dip. Drilling results indicate potential for high grade sulphide mineralisation at depth.

- Kipoi Central is just one of five known deposits within Kipoi project area. Resource drilling almost complete at Kipoi North deposit with initial resource statement planned for June quarter 2008. Resource drilling in progress at Kileba deposit.

Mineral Resource Estimate for Kipoi Central

The resource estimate is based on the results of 44 diamond holes drilled in 2007 for a total of 9,200 metres, refer to Figure 1. Drilling has delineated mineralisation over a strike of 550m and a width of 80m with mineralisation remaining open along strike and down dip. For the purposes of this initial resource estimate (due to timing of receipt of results) only 450m of the overall known mineralised strike have been included in the resource model.

Cube Consulting Pty Ltd has estimated the following Inferred Resources for Kipoi Central:

See the attached pdf file for the tables.

The Company considers there is considerable scope to significantly increase this Inferred Resource estimate for Kipoi Central based on potential along strike and at depth and on potential extensions to the west.

It should also be noted that Kipoi Central is one of five known deposits within the Kipoi Project area, refer to Figure 2. Resource drilling is almost complete for the Kipoi North deposit and a resource statement for Kipoi North is expected to be ready for release sometime in the June quarter 2008. A programme of resource drilling has also commenced at the Kileba deposit.

At Kipoi Central a further programme of infill and extension drilling (totalling 62 holes for 8,700m) has recently been completed. Infill holes have been drilled on a 25x25m grid pattern over the high grade +7% copper portion of the ore body. Early results from this programme indicate that there is excellent continuity of the high grade copper values and suggest there will be a high conversion from the Inferred to the Indicated resource category.

Results from holes recently drilled to test for extensions of mineralisation at Kipoi Central along strike and further to the west of the area covered by the resource model have also been highly encouraging.

The resource model considers mineralisation to approximately 150 metres vertical depth. Results from some holes report intersections of high grade sulphide mineralisation at depth (below 150 metres) and the Company believes that there is significant potential to also delineate a substantial sulphide resource at Kipoi Central.

The Company now expects to complete feasibility study work by the end of June 2008 which is expected to support the establishment of a Heavy Media Separation (HMS) processing facility and electric arc furnaces at Kipoi in 2009. The HMS will have a capacity to produce between 32,000 to 35,000 tonnes of copper metal per annum. The longer term objective is to install a SXEW facility with a production capacity of 70,000 tpa of copper metal.

The HMS test work completed to date indicates that the recovery of copper to a 25% copper concentrate will be above 55% with the tails being stored for later processing through the SXEW circuit. Preliminary indicative SXEW testwork has shown the Kipoi Central oxide and transitional mineralisation is amenable to the SXEW process which would deliver recoveries above 90% copper to LME Grade A product. The initial resource estimate for plus 5% copper supports a three year HMS production at a rate of 800,000tpa. All ore classified at a lower cut off will be able to be processed through the SXEW plant.

Kipoi Project

The Kipoi Project covers an area of 55 sq km and is located 75kms northwest of Lubumbashi the provincial capital of the Katanga Province of the DRC. The Project contains five known copper/cobalt deposits and there is considerable potential for the discovery of new zones of mineralisation hosted in a 12km sequence of mineralised Roan sediments that fall within the boundaries of the project area.

Cube Consulting

Cube Consulting is an independent Perth based resource consulting firm specialising in geological modelling, resource estimation and information technology.

D YOUNG
Managing Director

The original pdf news release includes tables, geological maps and further notes and is available for downloading using the following link. (391 KB)

http://www.goldinvest.de/public/data/documents/Tiger_Resources_News_Release_5Mar2008_e.pdf

For further information in respect of the Company’s activities, please contact:

Tiger Resources Ltd.
D. J. Young, Managing Director
Richard Taylor, Investor Relations
Mobile: +61 (0)422 811 350
Reg Gillard, Chairman
30 Ledgar Road
Balcatta, Western Australia 6021
Australia
Tel. +61 (8) 9240 1933
Fax +61 (8) 9240 2406
http://www.tigerez.com/
http://www.tigerresources.de/