Tiger Secures US$18.2M Funding Facility

Perth, Western Australia: Tiger Resources Limited (ASX: TGS) (Tiger or Company) advises that it has secured a funding facility with two of its current senior lender group (lenders) which allows for drawdown of up to US$18.2 million (finance facility). The new finance facility provides important interim funding to support the Company’s ongoing operations and allows the Company to pursue initiatives designed to improve operational and financial performance while also developing an updated Life of Mine Plan for its Kipoi Copper production
business situated in the Democratic Republic of Congo (DRC).

Tiger, in consultation with its lenders and advisers, is undertaking a comprehensive restructuring and recapitalisation process and is currently progressing all commercial opportunities in the interests of its shareholders and other stakeholders.