Wednesday 15^th August 2001

TIGER RESOURCE FINANCE PLC ("Tiger")

Tiger invests in Brancote

Tiger Resource Finance PLC, the mining and exploration investment company, is pleased to announce it has acquired 175,000 shares in Brancote Holdings PLC, at 145p per share. Brancote is an AIM listed mining exploration company currently in the process of developing the Esquel Gold project in Argentina. To date, over 51,000 metres if drilling have delineated a relatively high grade resource of 4.3m ounces of gold and 7.8m ounces of silver.

Geological interpretation of the Phase 1V drilling is being undertaken for inclusion into a new resource estimate, scheduled to be released in late August. Sufficient drilling has been completed for preliminary mine design and a pre-feasibility study.

Jeremy Metcalfe Chairman of Tiger said "Brancote is an exciting company with excellent prospects and a sound management team. I am delighted that Tiger has now taken a position and we will watch the progress of Brancote with keen interest."

For further information:

Jeremy Metcalfe, Chairman, Tiger Resource Finance plc	+ 44 1303 874 798
Kjeld Thygesen - Lion Resource Management Ltd	+ 44 207 590 88 10