NAV Update

Tiger Resource Finance PLC
19 October 2007



             Tiger Resource Finance plc ('Tiger' or 'the Company')

                                   NAV Update


The unaudited portfolio value (PV) (based on investments and cash only) at 30
September 2007 was 6.26p per ordinary share.

All future reporting will be made on a quarterly basis and accordingly the next
announcement will disclose the portfolio value per share as at 31 December 2007.



For further information please contact:


Bruce Rowan, Chairman                     Tel: [phone]
Colin Bird, Director                      Tel: [phone]


19 October 2007




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