Tiger Resource Finance : NAV Update

For immediate release

10 January 2018

Tiger Resource Finance PLC

('Tiger' or 'the Company')

NAV Update

The unaudited portfolio value ("PV") (based on investments and cash only) at 31 December 2017 was 0.65 pence per ordinary share.

Investments held by the Company as at 31/12/17

Name Number of shares African Pioneer PLC Anglo American PLC Ascent Resources PLC Berkeley Mineral Resources Plc

Share price £ Valuation £ (see note 2) 126,997 15.495 178,193 0.0140 6,750 0.0163 40,750 0.0513 15,088 0.3900 7,800 65.230 146,767 22.939 40,372 0.0133 86,672 0.2139 37,112 1.9150 6,319 0.0380 44,445 0.0053 2,120 0.0026 1,591 0.6750 21,262 0.0118 2,714 0.0133 2,882 - - 1.2700 120,650 0.0027 5,400 0.0018 1,197 0.0205 27,265 922,346

59,529,532 11,500 482,142 2,500,000 Cabot Energy Plc 294,118 Duke Royalty Limited 20,000 ETFS Physical Platinum 2,250 ETFS Copper 1,760 Galileo Resources plc 6,516,667 Goldquest Mining Corp. 173,500 Jersey Oil and Gas Plc 3,300 Jubilee Metals Group PLC 1,169,600 MX OIL PLC 400,000 PanContinental Oil and Gas NL 611,813 Pantheon Resources 31,500 Papua Mining PLC 230,000 Revelo Resources Corp. 216,667 Rex Bionics PLC 6,250 Rockrose Energy Plc 95,000 Sovereign Mines of Africa Plc Sunrise Resources PLC Tertiary Minerals PLC 2,000,000 665,000 1,330,000 Total Investments

Notes:

1) The above PV calculation is based on 184,347,070 Ordinary shares with a nominal

value of 0.1 pence each ("Ordinary shares") being the Company's issued share capital of 188,847,070 Ordinary shares less 4,500,000 Ordinary shares held in treasury.

• 2) African Pioneer PLC ("APP") is a private investment company and this investment is valued on the basis of Tiger's share of APP's assets (cash plus investments) at the quarter end date for the purpose of computing the quarterly PV.

• 3) Jubilee Platinum Plc changed its name to Jubilee Metals Group Plc

• 4) Rex Bionics Plc was suspended from trading on AIM on 30 May 2017 and subsequently cancelled on 3 July 2017 and hence has been carried at nil valuation.

• 5) Cash funds held by the Company at 31 December 2017 amounted to £267,606.56

• 6) All reporting is made on a quarterly basis and accordingly the next announcement will disclose the PV per share and investments as at 31 March 2018. The Company will disclose its investments on a quarterly basis when disclosing its PV.

The information communicated in this announcement is inside information for the purposes of Article 7 of Regulation 596/2014.

For further information please contact:

Tiger Resource Finance Plc

Raju Samtani, Director	Tel: [phone]
Beaumont Cornish (Nominated Adviser)	Tel: [phone]
Roland Cornish/ Felicity Geidt
Beaufort Securities Limited (Joint Broker)
Jon Belliss	Tel: [phone]