NAV Update

RNS Number : 1124Z

Tiger Resource Finance PLC

07 January 2011

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

NAV Update

The unaudited portfolio value (PV) (based on investments and cash only) at 31 December 2010 was 4.68p per ordinary share.

Investments held by the Company as at 31/12/10

Name	Number of shares	Share price GBP	Valuation GBP
African Eagle Resources Plc	1,241,174	0.1200	148,941
Aquarius Platinum Ltd	18,182	3.5200	64,001
Ascent Resources Plc	9,642,857	0.0913	880,393
ETFS Physical Platinum	2,250	111.12	250,020
Franconia Minerals Corp	475,733	0.5496	261,463
In-Solve Plc	625,000	0.0550	34,375
Minmet Plc	873,574	0.0100	8,736
Nautical Petroleum Plc	150,000	3.9600	594,000
Northern Petroleum Plc	294,118	1.0900	320,589
Pacific North West Capital Corp	566,500	0.0808	45,773
Sovereign Mines of Africa Plc	2,000,000	0.1075	215,000
Sunrise Resources Plc	665,000	0.0598	39,767
Tertiary Minerals Plc	1,330,000	0.0725	96,425
U3O8 Holdings Plc	4,166,666	0.0100	41,667
Vatukoula Gold Mines Plc	266,667	2.0100	536,001
Total Investments			3,537,151

Notes:

1) Vatukoula Gold Mines Plc ("Vatukoula") consolidated its ordinary shares with 1 new share issued for 50 previously held ordinary shares resulting in Tiger holding 266,667 Vatukoula shares at 31 December 2010.

2) The investments held by the Company performed well with investments (excluding cash) reflecting an increase of 44% in the quarter ended 31 December 2010.

3) 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 2011. The Company will disclose its investments on a quarterly basis when disclosing its PV.

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