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

The unaudited portfolio value (PV) (based on investments and cash only) at 31 March 2015 was 1.15p per ordinary share.

Investments held by the Company as at 31st March 2015.

Name Number of shares Share price GBP Valuation GBP
African Pioneer Plc 57,000,002 (see note 2) 210,000
Anglo American Plc 11,500 10.1200 116,380
Ascent Resources Plc 9,642,857 0.00125 12,054
Aurum Mining Plc 8,333,333 0.00950 79,167
ETFS Physical Platinum 2,250 73.9517 166,391
Jubilee Platinum Plc 1,169,600 0.01325 15,497
MX OIL PLC 400,000 0.02330 9,320
New World Oil and Gas Plc 5,000,000 0.00105 5,250
Northern Petroleum Plc 294,118 0.04250 12,500
PanContinental Oil and Gas NL 885,714 0.00172 1,523
Papua Mining Plc 230,000 0.08125 18,688
Praetorian Resources PLC 400,000 0.03500 14,000
Revelo Resources Corp. 216,667 0.04799 10,398
Rex Bionics PLC 6,250 0.67500 4,219
Sovereign Mines of Africa Plc 2,000,000 0.00385 7,700
Sunrise Resources Plc 665,000 0.00275 1,829
Trap Oil Plc 330,000 0.00800 2,640
Tertiary Minerals Plc 1,330,000 0.02875 38,238
Xtract Energy plc 150,000,000 0.00175 262,500
Total Investments

988,294


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 Ordinary shares held in treasury.
  2. African Pioneer PLC (quoted on ISDX) is a company incubated by Tiger and this investment is carried at cost for the purpose of computing the 31 March 2015 quarterly PV..
  3. Polar Star Mining Corp. was acquired in December 2014 and is now a wholly-owned subsidiary of Iron Creek Capital Corp (re-named Revelo Resources Corp. post acquisition). Polar Star shareholders received 0.26 common shares of Iron Creek for each Polar Star Share.
  4. Cash funds held by the Company at 31 March 2015 amounted to £607,194.
  5. 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 2015. The Company will disclose its investments on a quarterly basis when disclosing its PV.

For further information please contact:

Bruce Rowan, Chairman Tel: +0044 (0) 207 486 3997
Raju Samtani, Director   Tel: +0044 (0) 777 594 6676