Announcement of Investment

Tiger Resource Finance PLC
6 March 2001

                          TIGER RESOURCE FINANCE plc

                          ANNOUNCEMENT OF INVESTMENT




The Board of Tiger Resource Finance PLC ('Tiger') is pleased to announce a
further investment for its portfolio. Tiger has purchased 55,000 shares in
Cluff Mining plc ('Cluff') and agreed to acquire a further 119,000 shares
under the terms of a placing of new ordinary shares to be completed on 4 April
2001 (the 'Placing').


The aggregate consideration for both purchases amounts to ST£247,080
representing a purchase price of £1.42 per share. Following the completion of
the Placing Tiger will be interested in 1.4% of the enlarged ordinary share
capital of Cluff.


Cluff's interests include the Kalsaka gold project in Burkina Faso, the
Mabounie niobium project in Gabon and the recently acquired platinum group
metals projects ('PGM') in the Bushveld Complex in South Africa. The Placing,
in which Tiger is participating, will be used to accelerate the development of
the PGM properties in the Bushveld and to fund feasibility studies in at both
Kalsaka and Mabounie.




For further information:

Kjeld Thygesen - Lion Resource Management Ltd

+ 44 207 590 88 10

Jeremy Metcalfe - Chairman, Tiger Resource Finance PLC

+ 44 1303 874 798



6 March 2001