Financing Update - £1million raised

Metal Tiger plc

26 April 2016

Metal Tiger Plc

("Metal Tiger" or the "Company")

Financing Update - £1million raised

Metal Tiger plc (LON:MTR) the London Stock Exchange AIM listed investor in strategic natural resource opportunities is pleased to advise that the Company has raised £1,000,000 at 4.5p per share through a strategic placing and subscription of shares in the Company.

Highlights:

§ Placing and subscription of 22,222,218 new ordinary shares in Metal Tiger at a subscription price of 4.5p per ordinary share raising gross proceeds of £1,000,000;

§ Issue of 22,222,218 warrants to subscribe for 22,222,218 new ordinary shares in Metal Tiger at an exercise price of 9p per warrant, within a 12 month exercise period (ie. one warrant at 9p for each ordinary share purchased at 4.5p);

§ Placing undertaken with high net worth investors, several existing investors and also new holders of Company shares ; and

§ Funding to augment existing underlying working capital for strategic project development with a core focus on Botswana, Thailand, Spain and a number of additional opportunities that have recently been identified by the Company.

Paul Johnson Chief Executive Officer of Metal Tiger plc commented "we are delighted to be able to announce the Company's largest single fundraise to date which once again has been undertaken at a reasonable placing price. The Board of Metal Tiger reiterate that we will seek at all times to undertake market placings on terms that protect our existing investors.

With this extra capital adding to an already significant working capital position, Metal Tiger goes from strength to strength as it focuses on its key assets in Botswana and Thailand. Moreover we have also identified a number of new opportunities that deserve attention and are in line with our stated policy of focussing on our key Metal Projects activities and generating additional working capital through investments made by our Asset Trading division.

The Metal Tiger team will continue to strive to deliver significant shareholder value and this funding gives Metal Tiger even more leverage to deliver on this primary strategic objective."

Placing and Subscription Summary

Metal Tiger has agreed a placing and subscription to raise £1,000,000 gross proceeds through the issue of 22,222,218 new ordinary shares in Metal Tiger at a price of 4.5p per share (the "Placing Shares").

Each Placing Share issued has an accompanying warrant to subscribe for an additional new ordinary share at a price of 9p in Metal Tiger at any time within the 12 month following admission to trading of the Placing Shares (a total of 22,222,218 warrants).

The Placing Shares are expected to be admitted to trading on or around 11th May 2016. Following the issue of the total Placing Shares, the number of ordinary shares in issue in the Company will increase to 538,542,337 shares. For the purposes of the Financial Conduct Authority's Disclosure and Transparency Rules ("DTRs"), the issued ordinary share capital of Metal Tiger following this allotment consists of 538,542,337 ordinary shares with voting rights attached (one vote per share). There are no shares held in treasury. This total voting rights figure may be used by shareholders as the denominator for the calculation by which they will determine whether they are required to notify their interest in, or a change to their interest in, Metal Tiger under the DTRs.

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

Notes to Editors:

Metal Tiger plc is listed on the London Stock Exchange AIM Market ("AIM") with the trading code MTR and invests in high potential mineral projects with a precious and strategic metals focus.

The Company's target is to deliver a very 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. The Company's key strategic objective is to ensure the distribution to shareholders of major returns achieved from disposals.

Metal Tiger's Metal Projects Division is focused on the development of its key project interests in Botswana, Spain and Thailand. In Botswana Metal Tiger has a growing interest in the large and highly prospective Kalahari copper/silver belt. In Spain Metal Tiger the Company has tungsten and gold interests in the highly mineralised Extremadura region. In Thailand Metal Tiger has expanding interests over licences, applications and critical historical data covering antimony, copper, gold, silver, lead and zinc opportunities.

The Company has access to a diverse pipeline of new opportunities focused on the natural resource sector including physical resource projects, new natural resource centred technologies and resource sector related fintech opportunities. Pipeline projects deemed commercially viable may be undertaken by Metal Tiger or by an ISDX or AIM partner with whom the Company is engaged.

Metal Tiger also has an Asset Trading Division that holds various financial instruments for trading purposes including equities, warrants and royalty income. The aim of the division is to generate profits to reinvest into the Company's project based activities.