MTR.L Regulatory News (MTR)

Metal Tiger Plc

25 January 2016

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 £321,000 through a strategic placing and subscription of shares in the Company.

Highlights:

Cameron Parry, Metal Tiger CEO commented: "It is pleasing to once again demonstrate Metal Tiger's ability to attract funding around its mid-market price; against a market landscape of heavily discounted placings by many other companies in the resources sector, this is a significant achievement.

Metal Tiger has targeted specific core direct projects for precious and strategic metals in three key jurisdictions (Thailand, Botswana and Spain) with, we believe, excellent joint venture partners, that have either now crystallised or may crystallise at any time.

With this foundation, Metal Tiger is delighted to be able to start the new year in a position of what the Board considers to be such high potential. We are grateful to the continued support of our shareholders and we look forward to reporting on progress by the Company again soon and regularly throughout 2016."

Placing and Subscription Summary

Metal Tiger has agreed a placing and subscription to raise £321,000 gross proceeds through the issue of 40,125,000 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 40,125,000 warrants).

Of the Placing Shares 8,750,000 shares are expected to be admitted to trading on or around 28th January 2016 and 31,375,000 shares are expected to be admitted to trading on or around 15th February 2016. Following the issue of the total Placing Shares, the number of ordinary shares in issue in the Company will increase to 414,750,795. 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 414,750,795 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 Projects and Direct Equities.

The Direct Projects division invests in mineral exploration projects operated by trusted partners on the ground. Projects are selected for their strategic significance in terms of commodity, location and commerciality factors. Key strategic investments to date include Spanish Gold & Tungsten, Thai Gold, Copper & Antimony, and Botswanan Copper & Silver.

The Direct Equities division invests in quoted natural resource explorers and developers, with a combination of shares and warrants and seeks generate trading profits for reinvestment into the Direct Projects division.

Metal Tiger's target is to deliver a very 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.