MTR.L Regulatory News (MTR)

Metal Tiger Plc

23 June 2015

Metal Tiger Plc

("Metal Tiger" or the "Company")

Financing Update

Metal Tiger (LON: MTR), the natural resources investing company is pleased to advise that the Company has raised £300,000 through a strategic placing and subscription of shares in the Company.

Highlights:

· Placing and subscription of 33,333,333 new ordinary shares in Metal Tiger at a subscription price of 0.90p per ordinary share raising gross proceeds of £300,000;

· Placing and subscription undertaken around the market mid-price of Metal Tiger at the point the Company instructed its broker to raise the funds;

· Issue of 33,333,333 warrants to subscribe for 33,333,333 new ordinary shares in Metal Tiger at an exercise price of 1.80p per warrant, within a one year exercise period (i.e. one warrant at 1.80p for each ordinary share purchased at 0.90p);

· Placing undertaken with high net worth investors, including both existing and new investors;

· Funds raised specifically to enable Metal Tiger to take advantage of strategic new opportunities which the Company hopes to announce shortly.

Cameron Parry, Metal Tiger CEO commented: "Metal Tiger is pleased to announce this additional fundraising of £300,000 which has been undertaken to enable the Company to engage with additional strategic opportunities in respect of both Metal Tiger's Direct Equities and Direct Projects divisions.

The increasing awareness about Metal Tiger and its investing success to date has led to the Company receiving various invitations to review additional natural resource equity and project opportunities. The availability of numerous opportunities and the sensible commercial terms that can be negotiated reflects the limited capital available across much of the natural resource sector during this bottoming phase of the resources cycle.

Good value opportunities will not be available to the same extent as the sector recovery ensues and the time to grow Metal Tiger's portfolio of interests is now, in an ambitious but measured way.

This additional financing enables Metal Tiger to now engage with certain additional strategic opportunities and we look forward to providing further information to market as soon as commercial negotiations allow."

Placing and Subscription Summary

Metal Tiger has agreed a placing and subscription to raise £300,000 gross proceeds through the issue of 33,333,333 Metal Tiger new ordinary shares at price per share of 0.9p (the "Placing Shares").

Each Placing Share issued has an accompanying warrant (a total of 33,333,333 warrants) to subscribe for an additional Metal Tiger new ordinary share at a price of 1.80p at any time within the 12 months following admission to trading of the Placing Shares. Including the warrants associated with this placing, the total number of warrants in issue post this placing is 97,333,329.

The 33,333,333 Placing Shares are expected to be admitted to trading on or around 29 June 2015. Following the issue of the Placing Shares, the number of ordinary shares in issue in the Company will increase to 303,705,795. For the purposes of the Financial Conduct Authority's Disclosure and Transparency Rules ("DTRs"), the issued ordinary share capital of Metal Tiger following this allotment consists of 303,705,795 ordinary shares with voting rights attached (one vote per share). There are no shares held in treasury. This total voting rights figure may be used by shareholders as the denominator for the calculation by which they will determine whether they are required to notify their interest in, or a change to their interest in, Metal Tiger under the DTRs.

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.