Final Results

Metal Tiger Plc

26 June 2015

Metal Tiger Plc

("Metal Tiger" or the "Company")

Audited results for the year ended 31 December 2014

Metal Tiger (LON: MTR), the natural resources investing company is pleased to announce its audited results for the year ended 31 December 2014.

Highlights:

· Net Asset Value up over 1,900%

· Profitable (£296,444 cashflow turnaround from previous year)

· Nil borrowings

· Net Current Assets of £995,671

· Market capitalisation up 420%

· Net Asset Value - fully diluted per share up 400%

Cameron Parry CEO of Metal Tiger stated: "It is pleasing to be able to report to market the audited financial position and performance of the Company for the year ending 31 December 2014; in the middle of which year, the Company became Metal Tiger. The Company is robust and healthy and the track record demonstrated during that period should give shareholders great confidence in Metal Tiger's future."

Chairman's Statement

As your new Chairman, I am pleased to report on the Company's audited results for the year ended 31 December 2014. During the year, the Company has advanced significantly since June 2014 with a refinancing, a new management team, a new strategic plan and a rebranding to Metal Tiger plc.

Reflecting the strategic and operational changes employed, the Company updated its investing policy which remains focused on investment opportunities in the natural resources sector.

Cameron Parry joined the Board as CEO in June 2014 together with Paul Johnson as a Non-Executive Director, who was subsequently appointed as an Executive Director in January 2015. I was appointed Chairman in September 2014 succeeding Alex Borrelli who remains a Non-Executive Director of the Company. Nicholas Lee, a former Director, stepped down from the Board in June 2014.

Since June 2014 Metal Tiger has been highly active and has built a diverse portfolio of investments under two divisions: Direct Equities and Direct Projects. Direct Equities include strategic investments in fellow AIM quoted resource exploration and development companies including equity and warrant holdings. Direct Projects include interests in project specific Joint Ventures with partners exploring for precious, strategic and energy metals, with projects located in Spain, Thailand and Tanzania. The Company also has working partnerships and collaborations in respect of potential new opportunities in precious metals exploration and development in Russia and Turkey. These activities enabled Metal Tiger to confirm in April 2015 it substantially implemented its Investing Policy and satisfied the requirements of Rule 15 of the AIM Rules for Companies.

The Company achieved a profit of £105,876 in the year, compared to a loss of £190,568 in the previous year. Moreover the net assets of the Company exceeded £1m at the year end compared to just £54,000 at the previous year end. The financial turnaround of the Company has been rapid and reflects the careful management of business expenditure and the capital gains made by the Company through its Direct Equities division. The Direct Equities division continues to perform well into 2015 and has enabled the Company to self-finance much of its investing activities and avoid the need to rely on the secondary placing market in what is a very difficult funding climate for resource juniors.

Metal Tiger is well positioned to benefit from growth in the value of its equity investments and discoveries from ground exploration at its Joint Venture properties. In particular the Company is well placed for the recovery and turnaround in the resource sector, which for some years has been extremely difficult for most junior resource companies.

I look forward to updating investors as we continue to make progress across the Metal Tiger business, both in respect of existing interests and new opportunities with which the Company chooses to engage.

Finally I would like to take this opportunity to thank all the Metal Tiger team, who have done an excellent job of growing the Company and generating real shareholder value. I would also like to thank our capable and supportive advisors for their assistance. Finally and most importantly I thank our shareholders for their support. Metal Tiger is a business through which we want to see the shareholder confidence in us be properly financially rewarded in the months and years ahead.

Terry Grammer

Chairman

25 June 2015

Strategic Report

RESULTS

The results of the Company for the year ended 31 December 2014 are set out on page 12 and show a profit before taxation for the year ended 31 December 2014 of £105,876 (2013 - loss £190,568).

REVIEW OF THE BUSINESS

The Directors have continued with the policy to invest in companies that are active in the natural resources sector. The developments as announced during the year are set out below.

Fund raisings, loans and management changes

On 16 June 2014, the Company completed the subscription for £400,000 of new ordinary shares in order to pursue a new investing policy focused on projects in South East Asia and mining projects in production. The Board was strengthened with the appointment of Cameron Parry as Chief Executive Officer and Paul Johnson as a non-executive director and the Company's name was changed to Metal Tiger Plc. Terry Grammer was appointed Chairman on 15 September 2014.

On 4 April 2014, the Company received the part payment of £50,000 of the debt due of £221,000 from Energy Equity Resources (Norway) Limited ("EER") leaving a balance of £171,000 due from EER.

On 16 July 2014, the Company settled the £60,000 term loan from Paternoster Resources plc, which had been extended for repayment on 31 October 2014, through the issue of 10 million new ordinary shares at 0.5p per share and the payment of £17,315 including interest.

On 10 November 2014, the Company raised £400,000 through a placing and subscription of new ordinary shares at 0.6p per share to provide additional working capital and in particular to enable further funds to be deployed towards the projects in Thailand under the JVA and one in Spain.

South East Asia Exploration & Mining Company Ltd. ("SEAM")

On 30 July 2014, the Company signed a Memorandum of Understanding ("MOU") with SEAM, a Thailand-based mining and exploration company, which creates a path for Metal Tiger to take an equity interest in prospective gold properties with applications for exploration and mining in Thailand. Under the MOU Metal Tiger is paying US$10,000 in cash upfront to SEAM to provide an exclusive 90-day window for Metal Tiger to complete due diligence and finalise a joint venture agreement ("JVA") with SEAM to obtain interests in exploration applications in Thailand;

On 27 October 2014, the Company entered into the JVA with SEAM, the key terms of which are, subject to achievement of satisfactory milestones, for a total consideration of US$150,000 in cash payable in stages to SEAM for Metal Tiger to ultimately acquire a 75% joint venture stake in the gold prospective properties the subject of the JVA, comprising:

(a) 2 SPLAs ("Special Prospecting Licence Applications") covering a total area of 31 sq km relating to projects in the Nakon Sawan and Lopburi provinces within the Loei-Phetchabun part of what is locally referred to as the 'Copper-Gold Belt'. These sites in central Thailand which are the subject of the two respective SPLAs are currently anticipated to obtain exploration approval in the second half of 2015; and

(b) 2 applications covering a total area of 208 hectares in the Chanthaburi province, in the South East of Thailand, currently covered by historical applications held by SEAM. The properties are located in the area locally known as the 'Gold-Antimony Belt'. It is anticipated exploration licence approval can be obtained in late 2015.

Should Metal Tiger choose not to proceed at any juncture prior to acquiring its 75% stake, SEAM shall retain all earlier payments made to it, and the joint venture assets (if any) shall be realised and distributed: (i) the first US$5,000 (or part thereof) to SEAM; and (ii) the balance of funds to Metal Tiger.

On 12 December 2014, the Company announced that an Exclusive Prospecting Licence ("EPL") had been granted by the Thai government for one of the Chanthaburi properties that form part of the JVA with SEAM and that the JVA had been amended to see Metal Tiger take a 10% equity holding in each of the two new Thai companies incorporated for the purpose of the JVA ("the Thai JV Companies"). An EPL is a document granted for an applicant to have sole mineral prospecting and exploration rights within a designated area in Thailand. An EPL is issued by the Minister of Industry and is valid for one year, at which point the licence, subject to approval, may be extended as an EPL, or the area issued with a Special Prospecting Licence for five years, or should an early discovery warrant, and subject to satisfying the necessary requirements, be elevated to a Mining Lease.

Thai Star Resources Co., Ltd. ("ThaiStar")

On 2 September 2014, the Company agreed to acquire the shareholding of Black Star Gold Pty Ltd ("BlackStar"), a significant shareholder of which both Terry Grammer and Cameron Parry are directors, in its subsidiary company, ThaiStar for nil consideration to provide Metal Tiger with an established Thailand-based subsidiary company suitable for its local investment operations in Thailand.

Spanish project

The Spanish project for gold, tungsten and tin is the subject of an exploration licence for an area of 2,987 hectares surrounding the town of Navasfrias in the Salamanca Province of Northwest Spain. On 9 October 2014, Metal Tiger entered into an option arrangement and initiated due diligence but was not entirely satisfied with the commercial terms proposed.

50/50 Joint Venture with Kibo Mining plc ("Kibo")

On 21 November 2014, the Company entered into a Memorandum of Understanding ("MOU") with Kibo on its uranium-prospective portfolio in Tanzania, together with an equity investment of £150,000, to become a significant shareholder in Kibo and to provide Metal Tiger with the opportunity to add value to, and benefit from, Kibo's sites with prospectivity for uranium - a strategic metal that the Board of Metal Tiger believes should increase in value over the next three years in line with increasing global demand. Through its equity shareholding in Kibo, Metal Tiger will achieve exposure to the near-production stage of the mining cycle phase via Kibo's near-production coal project, as well as gaining exposure to the potential of Kibo's gold assets in Tanzania. The portfolio consists of 43 licences, offers, applications and tenders with a combined surface area of 9,033 square kilometres (the "Pinewood Portfolio").

On 14 January 2015, Metal Tiger announced it is satisfied with the results of its due diligence of the Pinewood Portfolio and would now proceed to finalise the JV agreement for uranium exploration with Kibo. Under the MOU, by confirming due diligence is complete and its commitment to proceed, Metal Tiger was issued with 10 million warrants for 10 million new ordinary shares in Kibo, with an exercise price of 3p each and a term of 3 years from the date of issue. Metal Tiger has also entered into exclusive discussions with Kibo to agree the terms of a Joint Venture on Kibo's gold-prospective Morogoro South project.

New Project Collaboration & Investment Agreement (the "Agreement") with Eurasia Mining plc

("Eurasia")

On 24 December 2014, the Company entered into the Agreement that includes a direct equity investment of £150,000 by Metal Tiger for 30,000,000 new ordinary shares in Eurasia at 0.5p per share which enables the Company to invest directly in Eurasia as well as engage with new investment opportunities identified by the Eurasia team. A key to this collaboration is the expansion of Metal Tiger's investment reach by partnering with locally focussed companies with established ground operations, in particular with the potential receipt of a mining licence at West Kytlim that would enable Eurasia to move into Platinum Group Metals production activities.

Under the terms of the Agreement, Metal Tiger was granted the right of first refusal to participate and co-fund, on an equal basis with Eurasia, any new projects or investments undertaken by Eurasia for the period of 18 months from the date of the Agreement but does not include the Eurasia projects known as the Urals Alluvial Platinum project and the Kola PGM project. As part of the transaction, Eurasia issued to Metal Tiger warrants over 30,000,000 new ordinary shares in Eurasia, exercisable within a three-year term at an exercise price of 1p each. However, should Eurasia announce to market receipt of a licence to mine platinum in respect of the West Kytlim project, then the exercise price of any Metal Tiger Warrants that have not been exercised by that date will be increased by 50% to 1.5p each.

FUTURE DEVELOPMENTS

Further 50/50 Joint Venture with Kibo Mining plc ("Kibo")

On 19 January 2015, Metal Tiger announced that it had entered into a Memorandum of Understanding for a 50/50 Joint Venture with Kibo Mining plc ("Kibo") on its Morogoro South gold-prospective exploration portfolio in Tanzania ("Morogoro Portfolio"). The Morogoro Portfolio has a number of exploration rights in central Tanzania, consisting of 18 licences, offers, applications and tenders covering a combined surface area of approximately 1,411 square kilometres.

On 26 February 2015, Metal Tiger announced that it had completed its due diligence and that activities had commenced with the first funds paid to Kibo under the Joint Venture. The terms of the JV provide for Metal Tiger to pay for the ongoing licence renewal fees and other maintenance costs for a minimum of 12 months (estimated to be approximately US$100,000 p.a.) and up to a maximum of 3 years within which timeframe Metal Tiger is to expend a total of US$800,000 on project costs (including licence renewal fees) and an agreed exploration work program, to maintain its 50% interest in the JV. Should Metal Tiger expend less than a total of US$800,000 whilst maintaining the Morogoro Portfolio licences, but not less than US$300,000 then Metal Tiger's 50% interest in the JV will revert to a 10% free carry on the Morogoro Portfolio. Should Metal Tiger expend less than $300,000 in total then Metal Tiger's total interest in the JV shall revert to Kibo.

As part of the JV, Kibo will issue Metal Tiger with warrants over 10,000,000 new ordinary shares in Kibo, exercisable within a three-year term at an exercise price of 9p each but subject to a mechanism to increase the warrant exercise price in the event Kibo's share price trades at a significant premium.

Further re Spanish project

Discussions continued with the vendor and on 13 March 2015, Metal Tiger entered into a binding Memorandum of Understanding to commence funding exploration activities for gold and tungsten in Spain under a Joint Venture in which Metal Tiger has the right to earn-in up to a 50% interest.

Investment agreement with Ariana Resources plc ("Ariana")

On 5 February 2015, Metal Tiger entered into an investment agreement with Ariana that includes a direct equity investment of up to £150,000 by Metal Tiger comprising £75,000 subscription for 8,333,333 new ordinary shares at 1.8p per share with attaching warrants in Ariana at the same price over a three period and an option to subscribe for £75,000 on the same terms but subject to an increase in the exercise price to 2.7p if Ariana disposes of its Salinbas/Ardala interest for in excess of $15 million. The investment enables Ariana to concentrate on final permitting, mine construction and the planned first gold pour from Kiziltepe, scheduled for next year.

Metal Tiger also entered into a collaboration with Ariana with regard to exciting new resource opportunities in Turkey and notably in respect of the opportunities that may emerge from the impending fresh licence auctions in-country.

Metal Tiger announced on 7 April 2015 its agreement to invest an additional £100,000 in Ariana at 0.9p per share to acquire a further 11,111,111 shares and will receive 11,111,111 warrants to subscribe for new ordinary shares in Ariana at 1.8p per share with a three year exercise period.

Investment Divisions

Metal Tiger now operates through two investment divisions, Direct Equities and Direct Projects, which are now embedded and fully operational.

Direct Equity investments are in mineral exploration and development AIM-quoted companies, including shares and warrants.

Direct Project joint venture interests are in projects in Spain for gold and tungsten, Thailand for gold, copper and antimony; and in Tanzania for gold and uranium.

KEY PERFORMANCE INDICATORS

PRINCIPAL RISKS AND UNCERTAINTIES

The main business risk is considered to be investment risk. The Directors intend to mitigate this risk by carrying out a comprehensive and thorough project review of any potential investment in which all material aspects will be subject to rigorous due diligence. The Directors believe that the Company has sufficient cash resources to pursue its investment strategy.

GOING CONCERN

As disclosed in Note 2, after making enquiries, the Directors have a reasonable expectation that the Company will have adequate resources to continue in operational existence for the foreseeable future. For this reason, they continue to adopt the going concern basis in preparing the financial statements.

By order of the Board

Cameron Parry

CEO

24 June 2015

Metal Tiger PLC

Statement of Comprehensive Income for the year ended 31 December 2014

All amounts relate to continuing activities.

Statement of Changes in Equity for the year ended 31 December 2014

Statement of Financial Position for the year ended 31 December 2014

Statements of Cash Flows for the year ended 31 December 2014

Notes to the financial statements for the year ended 31 December 2014

1. SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES

BASIS OF PREPARATION

The Financial Statements have been prepared in accordance with International Financial Reporting Standards (IFRSs) and IFRIC interpretations as adopted by the European Union and the Companies Act 2006 applicable to companies reporting under IFRSs. The Financial Statements have also been prepared under the historical cost basis, except for Investments held for trading which are recognised at fair value.

The preparation of financial statements in conformity with IFRSs requires the use of certain critical accounting estimates. It also requires management to exercise its judgement in the process of applying the Company's accounting policies. The areas involving a higher degree of judgement or complexity, or areas where assumptions and estimates are significant to the Financial Statements, are disclosed later in these accounting policies.

The principal accounting policies adopted in the preparation of these financial statements are set out below. These policies have been consistently applied throughout all periods presented in the financial statements. Figures are all presented in pounds sterling.

At the year end Metal Tiger plc had two subsidiaries, Metal Horse Limited and Thai Star Resources Co., Ltd (see note 10). Since incorporation, Metal Horse Limited has not commenced operations and has no material assets or liabilities, and the activities, assets and liabilities of Thai Star Resources Co., Ltd are not considered material. Consequently no consolidated financial statements have been prepared on the basis that in accordance with section 405 of the Companies Act 2006 the inclusion of these companies is not material for the purpose of giving a true and fair view.

An overview of standards, amendments and interpretations to IFRSs issued but not yet effective, and which have not been adopted early by the Company are presented below under 'Statement of Compliance'.

GOING CONCERN

The financial statements are required to be prepared on the going concern basis unless it is inappropriate to do so. At the year-end the Company had no borrowings and net current assets of £995,671 including cash balances of £185,428 and quoted investments of £829,500, and since the year end has raised additional equity funds of £475,000. The Directors have prepared cash flow forecasts through to 30 June 2016 which demonstrate that the Company is able to meet its commitments as they fall due. On this basis, the Directors have a reasonable expectation that the Company has adequate resources to continue operating for the foreseeable future. For this reason they continue to adopt the going concern basis in preparing the Company's financial statements.

2. Operating Loss

3. EARNINGS PER SHARE

The basic earnings per share is based on the profit/(loss) for the year divided by the weighted average number of shares in issue during the year. The weighted average number of ordinary shares for the year ended 31 December 2014 assumes that all shares have been included in the computation based on the weighted average number of days since issue.

The Company has issued 53,333,329 new ordinary shares and 53,333,329 warrants since the year end which will also have a dilutive effect.

4. INVESTMENTS HELD FOR TRADING

6. TRADE AND OTHER RECEIVABLES

The fair value of cash and cash equivalents at 31 December 2014 is considered by the Directors not to be materially different to carrying amounts.

7. BORROWINGS

The short term loan received from Paternoster Resources plc carried interest at 10% per annum and was settled during the year (see note 20).

8. PUBLICATION OF ANNUAL REPORT AND ACCOUNTS AND ANNUAL GENERAL MEETING

The Annual Report and Accounts for the year ended 31 December 2014, along with an explanatory note for shareholders, will be published on 25 June 2015 and are expected to be available shortly to view and download from Metal Tiger's existing website (www.metaltigerplc.com) in accordance with rule 26 of the AIM Rules for Companies together with a notice of annual general meeting. The AGM is scheduled to take place at 200 Strand, London, WC2R 1DJ at 4.00 p.m. on 30 July 2015.

For further information on the Company, visit: www.metaltigerplc.com:

Notes to Editors:

Metal Tiger Plc is a natural resources focused investing company quoted on the London Stock Exchange AIM Market ("AIM") with the trading code MTR and two investment divisions, Direct Equities and Direct Projects.

The Direct Equities division invests in quoted natural resource explorers and developers, with a combination of shares and warrants providing a potential non-debt financing instrument and enhanced return potential.

The Direct Projects division invests in operational mineral exploration projects with current investments in Spanish Gold & Tungsten, Thai Gold, Copper & Antimony, and Tanzanian Gold and Uranium. The Direct Projects investment division also has working collaborations to identify new investment opportunities in Russia (platinum focus) and Turkey (gold focus), in association with experienced in-country partners.

Metal Tiger's target is to deliver a high return for shareholders by investing in significantly undervalued and/or high potential opportunities in the mineral exploration and development sector timed to coincide where possible, with a cyclical recovery in the exploration and mining markets.