Net Asset Value

RNS Number : 8992A

Tiger Resource Finance PLC

05 April 2012

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

NAV Update

The unaudited portfolio value (PV) (based on investments and cash only) at 31 March 2012 was 3.83 pence per ordinary share.

Investments held by the Company as at 31/03/12

Name	Number of shares	Share price GBP	Valuation GBP
African Eagle Resources Plc	1,241,174	0.056	69,506
Aurum Mining Plc	8,333,333	0.034	283,333
Ascent Resources Plc	9,642,857	0.032	308,571
ETFS Physical Platinum	2,250	101.3	227,925
Nautical Petroleum Plc	136,502	3.175	433,394
New World Oil and Gas Plc	5,000,000	0.087	435,000
Northern Petroleum Plc	294,118	0.892	262,353
Ophir Energy Plc	58,560	5.075	297,192
Papua Mining Plc	230,000	0.565	129,950
Pan Pacific Aggregates Plc	4,000,000	0.025	100,000
Sovereign Mines of Africa Plc	2,000,000	0.080	160,000
Sunrise Resources Plc	665,000	0.013	8,645
Tertiary Minerals Plc	1,330,000	0.071	94,430
U3O8 Holdings Plc	4,166,666	0.004	16,667
Union MedTech Plc	625,000	0.031	19,375
Vatukoula Gold Mines Plc	150,000	0.620	93,000
Total Investments			2,939,341

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) The Company received 58,560 Ordinary shares in Ophir Energy Plc ("Ophir") following the takeover of Dominion Petroleum Plc by Ophir. Investments of GBP100,000 and GBP 101,200 were made in Pan Pacific Aggregates Plc and Papua Mining Plc respectively during the quarter. In-Solve Plc changed its name to Union MedTech Plc.

3) Cash funds held by the Company at 31 March 2012 amounted to GBP 1,760,954.

4) 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 30 June 2012. The Company will disclose its investments on a quarterly basis when disclosing its PV.

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