Net Asset Value(s)

RNS Number : 3665H

Tiger Resource Finance PLC

11 July 2012

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

NAV Update

The unaudited portfolio value (PV) (based on investments and cash only) at 30 June 2012 was 3.19 pence per ordinary share.

Investments held by the Company as at 30/06/12

Name	Number of shares	Share price £	Valuation £
African Eagle Resources Plc	1,241,174	0.030	37,235
Anglo American Plc	11,500	20.88	240,120
Aurum Mining Plc	8,333,333	0.029	241,667
Ascent Resources Plc	9,642,857	0.023	221,786
BP Plc	58,500	4.219	246,812
ETFS Physical Platinum	2,250	89.34	201,015
New World Oil and Gas Plc	5,000,000	0.100	500,000
Northern Petroleum Plc	294,118	0.650	191,177
PanContinental Oil and Gas NL	885,714	0.113	100,086
Pan Pacific Aggregates Plc	4,000,000	0.019	76,000
Papua Mining Plc	230,000	0.465	106,950
Petroceltic International Plc	1,666,000	0.065	108,290
Sovereign Mines of Africa Plc	2,000,000	0.049	98,000
Sunrise Resources Plc	665,000	0.065	43,225
Trap Oil Plc	330,000	0.188	62,040
Tertiary Minerals Plc	1,330,000	0.061	81,130
U3O8 Holdings Plc	4,166,666	0.003	12,500
Union MedTech Plc	625,000	0.020	12,500
Vatukoula Gold Mines Plc	150,000	0.285	42,750
Wentworth Resources Ltd	220,000	0.469	103,180

Total Investments			2,726,463

Notes:

1) The above PV calculation is based on 138,331,939 Ordinary shares with a nominal value of 1 pence each ("Ordinary shares") being the Company's issued share capital of 142,831,939 Ordinary shares less 4,500,000 million Ordinary shares held in treasury.

2) The Nautical Petroleum Plc and Ophir Energy Plc investments were disposed in the quarter realising gains of £398,429 and £153,732 respectively. Investments of £250,000 were made in Anglo American Plc and BP Plc and investments of £100,000 were made in Petroceltic International Plc, Wentworth Resources Ltd, Trap Oil Plc and PanContinental Oil and Gas NL during the quarter.

3) Cash funds held by the Company at 30 June 2012 amounted to £1,680,498.

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 September 2012. The Company will disclose its investments on a quarterly basis when disclosing its PV.

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