MTR.L Regulatory News (MTR)

Metal Tiger Plc

13 January 2016

Metal Tiger Plc

("Metal Tiger" or the "Company")

Strategic Investment into MOD Resources

Metal Tiger plc (LON:MTR) the London Stock Exchange AIM listed investor in strategic natural resource opportunities is pleased to announce an investment in the shares of MOD Resources Limited ("MOD" or "MOD Resources") (ASX:MOD), the Company's Joint Venture ("JV") partner in Botswana.

Highlights:

- Metal Tiger investment of A$350,000 at a price of A$0.006 per share acquiring 58,333,333 shares in MOD representing 4.92% of MOD Resources issued share capital;

- Metal Tiger also granted 29,166,666 ASX-listed warrants (referred to as 'options' on the Australian Stock Exchange) to subscribe for additional new ordinary shares in MOD Resources at a price of A$0.01 per share with an exercise period extending until 1 May 2018;

- The Board of Metal Tiger see this as an important strategic investment which complements its JV partnership in respect of the Kalahari Copper belt project in Botswana as announced by Metal Tiger on 10 November 2015;

- The investment strengthens the link between the two JV partners and provides Metal Tiger an enhanced upside should the Botswanan interests of Metal Tiger and MOD progress well and in line with expectations.

Cameron Parry, Chief Executive Officer of Metal Tiger commented: "The Board recognise the importance of strategically investing into opportunities with the potential to compound the benefit for Metal Tiger.

Having had further opportunity to consider the MOD Resources' wider value proposition we believe that MOD is considerably undervalued when set against the existing stage of business development. Furthermore, should our plans progress as anticipated, the flourishing of the Botswanan Copper/Silver projects should deliver on a tremendous upside potential.

We are therefore delighted to secure these ASX-listed shares and listed warrants and will continue to work closely with MOD to progress our combined business interests in Botswana and to communicate the value of the Botswanan assets to investors in the United Kingdom, Australia and generally on a global basis."

Transaction terms:

Metal Tiger has participated in the Non-Renounceable Pro-Rata Rights issue of MOD Resources originally announced by MOD via the ASX on 22 September 2015 and which can be viewed via the following link: http://www.modresources.com.au/#!asx-announcements/cknx.

Metal Tiger has invested A$350,000 in new shares of MOD at a price of A$0.006 for 58,333,333 shares. This represents 4.92% of the issued share capital of MOD.

In addition Metal Tiger receives 29,166,666 ASX-listed MOD warrants (referred to as 'options' on the Australian Stock Exchange) which provide Metal Tiger the right to purchase an additional 29,166,666 new shares in MOD at a price of A$0.01 at any time up to 1 May 2018. These warrants are listed and thus holders of warrants are able to trade the warrants (referred to as 'options') via the ASX.

MOD Resources - Background

MOD resources have two areas of operations including Botswanan Copper/Silver and New Zealand Gold.

Botswana

In Botswana MOD has a vast and strategic tenement footprint at the centre of the Kalahari Copper Belt, of more than 12,700 km2 (including the 6,300km2 area covered under its JV with Metal Tiger). MOD's licence interests range from 80% to 100%, and 70% in respect of the licences recently secured in Joint Venture with Metal Tiger.

Within MOD's wholly owned licence interests is the Mahumo Copper Project where the Company is undertaking a scoping study in line with its plans to produce high-grade copper concentrate.

Sedgman Limited (ASX:SDM) the provider of services in the design, construction and operation of mineral processing plants has signed an Memorandum of Understanding with MOD to inject up to US$1.5million into feasibility studies including engineering and management services in exchange for 10% of the project and for certain rights to design, construct and operate a processing plant.

New Zealand

In New Zealand MOD have 80% ownership of the Sam's Creek project which currently has an existing JORC compliant inferred resource of 20.47Mt @1.54g/t (0.7 cut-off) 1,014,000 gold ounces.

As at 31 December 2014, MOD held assets of AUD$9,215,772 and reported a loss for the year before income tax from continuing operations of AUD$10,184,247.

Further information about the MOD portfolio can be seen at the Company's website www.modresources.com.au:

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 significant 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.