MTR.L Regulatory News (MTR)

METAL TIGER PLC

9 July 2015

Metal Tiger Plc

("Metal Tiger" or the "Company")

Exercise of EUA Warrants

Metal Tiger (LON: MTR), the natural resources investing company is pleased to announce it notified Eurasia Mining (LON:EUA "Eurasia") yesterday of its intention to exercise its warrants to acquire 30m new ordinary shares in Eurasia at a price of 1p per share at a total exercise cost of £300,000. MTR has now exercised all its warrants in Eurasia.

On the 29th of December 2014 Metal Tiger announced the acquisition of 30m new ordinary shares in Eurasia at a price of 0.5p per new ordinary share. In addition Metal Tiger was awarded with 30m warrants to subscribe for a further 30m new ordinary shares at an exercise price of 1p per share with a 3 year exercise period. The warrants were subject to an escalator clause whereby should Eurasia Mining announce receipt of the West Kytlim Mining Licence by regulatory announcement, the exercise price of any unexercised warrants would increase to 1.5p.

Since the original acquisition of Eurasia shares on the 29th of December 2014, Metal Tiger has disposed of its entire holding for more than double its original invested amount generating a profit of over £180,000 on the investment cost of £150,000 - a return of 120%.

Metal Tiger has chosen to largely reinvest the proceeds by converting its entire 30m warrants in Eurasia and lock in the 1p warrant price, prior to receipt of the Mining Licence by Eurasia. In the Final Results for the year ended 31.12.14 Eurasia Mining reported a loss for the year of £502,500 and net assets of £4,087,708.

Following admission of the new ordinary shares Metal Tiger will own 30m shares in Eurasia Mining.

Cameron Parry CEO of Metal Tiger commented: "Metal Tiger is delighted to note the Prime Ministerial approval Eurasia announced yesterday for its West Kytlim Mining Licence application. And having made a significant return over 6 months on the original investment, Metal Tiger is pleased to lock in the warrant price of 1p per share enabling it to invest a further £300,000 in Eurasia Mining at this key point in the Company's development.

The additional funds will enable Eurasia to move at pace with continuing preparations for platinum mining and we are delighted to support Eurasia's work with this additional investment which will be funded from existing cash resources.

After the success of Metal Tiger's strategic investment in Kibo Mining Plc, it is particularly pleasing to see success in the Eurasia Mining investment. Metal Tiger is also looking forward to the continuing progress at Ariana Resources Plc, notably after Ariana received their forestry permits, enabling the commencement of construction of their Kiziltepe gold production plant in Turkey.

With the investment in Eurasia Mining announced today, Metal Tiger has now undertaken strategic investments in Kibo, Eurasia and Ariana totalling £1,150,000 in funding through highly significant value generative milestones for each company. We will continue to invest strategically with this in mind, alongside the smaller sized investments made through our on-market portfolio where we see opportunities to acquire stakes in listed resource companies with substantial upside potential."

For further information on the Company, visit: www.metaltigerplc.com:

Notes to Editors:

Metal Tiger Plc is a natural resources focused investing company quoted on the London Stock Exchange AIM Market ("AIM") with the trading code MTR and two investment divisions, Direct Equities and Direct Projects.

The Direct Equities division invests in quoted natural resource explorers and developers, with a combination of shares and warrants providing a potential non-debt financing instrument and enhanced return potential.

The Direct Projects division invests in operational mineral exploration projects with current investments in Spanish Gold & Tungsten, Thai Gold, Copper & Antimony, and Tanzanian Gold and Uranium. The Direct Projects investment division also has working collaborations to identify new investment opportunities in Russia (platinum focus) and Turkey (gold focus), in association with experienced in-country partners.

Metal Tiger's target is to deliver a high return for shareholders by investing in significantly undervalued and/or high potential opportunities in the mineral exploration and development sector timed to coincide where possible, with a cyclical recovery in the exploration and mining markets.