Purchase of Shares

Tiger Resource Finance PLC
31 July 2001



                     Tiger Resource Finance plc ('Tiger')

Tiger Resource Finance plc ('Tiger') is pleased to announce that, through a
placing and market purchases, it has acquired an additional 75,000 shares in
Cluff Mining plc ('Cluff'), at 190p per share. Following this purchase Tiger
holds 249,000 shares, or 1.5% of the current issued capital of Cluff.

At its recent AGM, Cluff disclosed that a significant inferred resource of
21.2m ounces of platinum group elements ('PGE') at the Sheba's Ridge and Blue
Ridge projects in the Bushveld complex in South Africa had been outlined. Of
this, 12.4m ounces are attributable to Cluff. At the Fonte Verde project, a
smaller inferred resource of PGE was outlined, but included an inferred
resource of 60,000 tonnes of nickel, and a lesser amount of copper.

Drilling continues with the aim of advancing the prospects to the indicated
mineral resource category by the end of the first quarter 2002.

For further information:

Kjeld Thygesen - Lion Resource Management Ltd

+ 44 207 590 8810

Jeremy Metcalfe - Chairman, Tiger Resource Finance PLC

+ 44 1303 874 798


31 July, 2001