Net Asset Value(s)

RNS Number : 4893V

Tiger Resource Finance PLC

12 January 2012

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

NAV Update

The unaudited portfolio value (PV) (based on investments and cash only) at 31 December 2011 was 3.59 pence per ordinary share.

Investments held by the Company as at 31/12/11

Name	Number of shares	Share price GBP	Valuation GBP
African Eagle Resources Plc	1,241,174	0.054	67,023
Aurum Mining Plc	8,333,333	0.031	258,333
Ascent Resources Plc	9,642,857	0.030	289,286
Dominion Petroleum Ltd	2,400,000	0.068	163,200
ETFS Physical Platinum	2,250	89.79	202,027
In-Solve Plc	625,000	0.0350	21,875
Nautical Petroleum Plc	136,502	2.567	350,401
New World Oil and Gas Plc	5,000,000	0.085	425,000
Northern Petroleum Plc	294,118	0.712	209,412
Sovereign Mines of Africa Plc	2,000,000	0.066	132,000
Sunrise Resources Plc	665,000	0.009	5,985
Tertiary Minerals Plc	1,330,000	0.069	91,770
U3O8 Holdings Plc	4,166,666	0.009	37,500
Vatukoula Gold Mines Plc	150,000	0.702	105,300
Total Investments			2,359,112

Notes:

1) The above PV calculation is based on 122,571,939 Ordinary shares with a nominal value of 1 pence each ("Ordinary shares") being the Company's issued share capital of 127,071,939 Ordinary shares less 4,500,000 million Ordinary shares held in treasury.

2) All future reporting will be made on a quarterly basis and accordingly the next announcement will disclose the PV per share and investments as at 31 March 2012. The Company will disclose its investments on a quarterly basis when disclosing its PV.

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