MTR.L Regulatory News (MTR)

Metal Tiger Plc

03 November2015

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 £290,000 through a strategic placing and subscription of shares in the Company.

Highlights:

· Placing and subscription of 36,250,000 new ordinary shares in Metal Tiger at a subscription price of 0.80p per ordinary share raising gross proceeds of £290,000;

· Issue of 36,250,000 warrants to subscribe for 36,250,000 new ordinary shares in Metal Tiger at an exercise price of 1.60p per warrant, within an 18 month exercise period (i.e. one warrant at 1.60p for each ordinary share purchased at 0.80p);

· Placing undertaken with high net worth investors including primarily existing holders of Company stock;

· Funding undertaken following an approach to the Company from certain investors and will augment existing underlying working capital at a time of advanced negotiations in respect of a number of new commercial transactions.

Cameron Parry, Metal Tiger CEO commented: "Metal Tiger is pleased to announce the securing of additional funding which supports the Company's plans for the acquisition of new opportunities in the natural resource sector.

We are particularly pleased that this funding was conducted primarily due to high net worth investors seeking to acquire a larger holding in Metal Tiger.

Prior to the placing Metal Tiger had a strong working capital position when set against fixed investing commitments and underlying core costs. In recent months Metal Tiger has been advancing numerous opportunities through due diligence and commercial negotiations. A number of such opportunities are now in very advanced stages and may crystallise at any time.

With the additional monies raised the Company is in a stronger position to do more and expand its interests more freely. This enables us to build the scale and value of our business rapidly, and we do so with the knowledge that our existing key project interests in Spain and Thailand are progressing very well and have formed a robust base on which we can expand the Company."

Placing and Subscription Summary

Metal Tiger has agreed a placing and subscription to raise £290,000 gross proceeds through the issue of 36,250,000 Metal Tiger new ordinary shares at price per share of 0.8p (the "Placing Shares").

Each Placing Share issued has an accompanying warrant to subscribe for an additional Metal Tiger new ordinary share at a price of 1.60p at any time within the 18 months following admission to trading of the Placing Shares (a total of 36,250,000 warrants).

Of the Placing Shares 9,750,000 shares are expected to be admitted to trading on or around 9th November 2015 and 26,500,000 shares on or around 25th November 2015. Following the issue of the total Placing Shares, the number of ordinary shares in issue in the Company will increase to 344,625,795. 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 344,625,795 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.

The Company is currently advancing due diligence and commercial negotiations in respect of a number of new opportunities to enhance and diversify existing interests.

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.