Investment in Millennial Silver Corp.

15 Feb 2021 12:31

15 February 2021

Metal Tiger Plc

("Metal Tiger" or the "Company")

Investment in Millennial Silver Corp.

Metal Tiger plc (AIM:MTR), the London Stock Exchange AIM listed investor in natural resource opportunities, is pleased to announce that it has subscribed for 300,000 shares in Millennial Silver Corp. (“Millennial”), at a price of C$0.50 per share, for a total investment of C$150,000 (approximately £85,200), as part of Millennial’s C$24 million equity financing in connection with the proposed business combination with 1246768 B.C. LTD (“768”) to form Millennial Precious Metals Corp., which was announced as having closed on 11 February 2021 (the “Fundraise”).

Further details can be found at the following link:

https://millennialpreciousmetals.com/wp-content/uploads/2021/02/768-Financial-PR.pdf

Millennial is an acquisition company that will be looking to complete a series of transactions (collectively, the “Transactions”) among 768, Millennial and Clover Nevada LLC that will, among other things, result in 768 (to be named “Millennial Precious Metals Corp.”) indirectly acquiring Clover Nevada LLC’s interest in each of the Wildcat Property, the Mountain View Property, the Marr Property, the Ocelot Property, the Eden Property and the Dune Property located in Nevada and a lease and option to purchase the Red Canyon Property also located in Nevada. The Transactions are conditional on the TSX Venture Exchange approving the listing of the post-consolidation common shares of 768 (the “Resulting Issuer Shares”), and other customary conditions.

768 is a shell company, incorporated on 8 April 2020, which reported a loss for the period to 31 December 2020 of C$55,479. For further information in relation to the Transactions, shareholders should refer to the following presentation: https://millennialpreciousmetals.com/wp-content/uploads/2021/01/MPM-Corporate-Deck-January-2021-Financing-Launch-vf.pdf

For further information on the Company, visit: www.metaltigerplc.com:

Enquiries:

Notes to Editors:

Metal Tiger PLC is admitted to the AIM market of the London Stock Exchange AIM Market ("AIM") with the trading code MTR and invests in high potential mineral projects with a base, precious and strategic metals focus.

The Company'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. Metal Tiger has two investment divisions: Equity Investments and Project Investments.

Equity Investments invests in undervalued natural resource companies. The majority of its investments are listed on AIM, the TSX and the ASX, which includes its interest in Sandfire Resources Limited (ASX: SFR). The Company also considers selective opportunities to invest in private natural resource companies, typically where there is an identifiable path to IPO. Through the trading of equities and warrants, Metal Tiger seeks to generate cash for investment for the Project Investments division.

Project Investments is focused on the development of its key project interests in Botswana, where Metal Tiger has a growing interest in the large and highly prospective Kalahari copper/silver belt through its interest in Kalahari Metals Limited.

The Company actively assesses new investment opportunities on an on-going basis and has access to a diverse pipeline of new opportunities in the natural resources and mining sectors. For pipeline opportunities deemed sufficiently attractive, Metal Tiger may invest in the project or entity by buying publicly listed shares, by financing privately and/or by entering into a joint venture.

View source version on businesswire.com: https://www.businesswire.com/news/home/20210215005197/en/

Copyright Business Wire 2021