Tiger Resource Regulatory News (TIR)

For immediate release

4 October 2019

Tiger Resource PLC

('Tiger' or 'the Company')

Quarter-end NAV Update

The unaudited portfolio value ("PV") (based on investments and cash only) at 30 September 2019 was 0.31 pence per ordinary share (0.37 pence/share at 30 June 2019) 

Investments held by the Company as at 30/09/19

Notes:

1) The above PV calculation is based on 184,347,070 Ordinary shares with a nominal value of 0.1 pence each ("Ordinary Shares") being the Company's issued share capital of 188,847,070 Ordinary Shares less 4,500,000 Ordinary Shares held in treasury.

2) African Pioneer PLC ("APP") is a private investment company in which Tiger owns 50.75 per cent of the issued share capital and this investment is valued on the basis of Tiger's share of APP's assets (cash plus investments) at the quarter end date for the purpose of computing the quarterly PV.

3) The Company sold 11,500 Anglo American Plc shares on 2 July 2019 realising net proceeds of £258,646.67

4) The shares of BMR Group Plc ("BMR") were suspended at the company's request on 7 February 2018 and subsequently de-listed in August 2018. This investment is being carried at zero valuation until further details are released by BMR Plc relating to the company's future plans.

5) Tiger holds 20,000 shares in Corallian Energy Limited ("Corallian"), an oil and gas appraisal and exploration company which has an interest in 5 petroleum licences in the UK and operates in the private domain. This investment has been valued at cost.

6) Cash funds held by the Company at 30 September 2019 amounted to £193,009.95 

7) All reporting is made on a quarterly basis and accordingly the next announcement will disclose the PV per share and investments as at 31 December 2019. The Company will disclose its investments on a quarterly basis when disclosing its PV.

The information communicated in this announcement is inside information for the purposes of Article 7 of Regulation 596/2014.

For further information please contact:

Novum Securities Plc Jon Belliss +44 (0)20 7399 9425

(Broker)