Chairman's Statement

Tiger Resource Finance PLC
24 May 2001

            TIGER RESOURCE FINANCE plc ('Tiger' or the 'Company')

                           CHAIRMAN'S AGM STATEMENT


At the Annual General Meeting held earlier today in London Tiger's Chairman,
Jeremy Metcalfe, reported that trading was positive for the first four months
that Tiger had been established. He stated that ST£1.16m (approximately one
third of third of the Company's resources) had been invested in five resource
companies and as at close of business on 23 May 2001 the portfolio of
investments was showing a 6.4% return for the year to date. The Company's cash
balances are held on short-term deposits. Investments to date are held in
companies involved principally in gold, PGM's and cobalt.


Mr Metcalfe said that investment opportunities are being constantly evaluated
and the recent rise in the gold price was helping to add strength to the
recovery in the natural resource sector.



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



24 May, 2001