Acquisition

Tiger Resource Finance PLC
15 August 2001





                     Tiger Resource Finance PLC ('Tiger')

                          Tiger invests in Brancote





Tiger Resource Finance PLC, the mining and exploration investment company, is
pleased to announce it has acquired 175,000 shares in Brancote Holdings PLC,
at 145p per share. Brancote is an AIM listed mining exploration company
currently in the process of developing the Esquel Gold project in Argentina.
To date, over 51,000 metres if drilling have delineated a relatively high
grade resource of 4.3m ounces of gold and 7.8m ounces of silver.

Geological interpretation of the Phase 1V drilling is being undertaken for
inclusion into a new resource estimate, scheduled to be released in late
August. Sufficient drilling has been completed for preliminary mine design and
a pre-feasibility study.

Jeremy Metcalfe Chairman of Tiger said 'Brancote is an exciting company with
excellent prospects and a sound management team. I am delighted that Tiger has
now taken a position and we will watch the progress of Brancote with keen
interest.'



END

For further information contact:

Jeremy Metcalfe

Chairman, Tiger Resource Finance PLC

0044 1303 874798



Kjeld Thygesen

Investment Manager

0044 207 590 8810