Net Asset Value(s)

RNS Number : 7822P

Tiger Resource Finance PLC

07 October 2011

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

NAV Update

The unaudited portfolio value (PV) (based on investments and cash only) at 30 September 2011 was 3.58 pence per ordinary share.

Investments held by the Company as at 30/09/11

Name	Number of shares	Share price GBP	Valuation GBP
African Eagle Resources Plc	1,241,174	0.070	86,882
Aurum Mining Plc	8,333,333	0.032	266,667
Ascent Resources Plc	9,642,857	0.029	279,643
Dominion Petroleum Ltd	2,400,000	0.034	81,600
ETFS Physical Platinum	2,250	94.666	212,998
In-Solve Plc	625,000	0.0350	21,875
Nautical Petroleum Plc	136,502	2.842	387,939
New World Oil and Gas Plc	5,000,000	0.043	215,000
Northern Petroleum Plc	294,118	0.825	242,647
Sovereign Mines of Africa Plc	2,000,000	0.096	192,000
Sunrise Resources Plc	665,000	0.011	7,315
Tertiary Minerals Plc	1,330,000	0.050	66,500
U3O8 Holdings Plc	4,166,666	0.005	20,833
Vatukoula Gold Mines Plc	150,000	0.767	115,050
Total Investments			2,196,949

Notes:

1) The above PV calculation assumes that 50 million Ordinary shares of 1 pence each have been successfully tendered by the Company's shareholders following the recently announced tender offer result and accordingly the cash outlay equivalent to the purchase of 50 million Ordinary shares at 3.75 pence per share by the Company has been excluded from the assets line of the PV calculation. The share capital has also been netted off by 50 million Ordinary shares and the PV calculation is based on 122,571,939 Ordinary shares (excludes 4.5 million treasury shares).

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 December 2011. The Company will disclose its investments on a quarterly basis when disclosing its PV.

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