New Equity Investment in Ariana Resources

Metal Tiger Plc

("Metal Tiger" or the "Company")

New Equity Investment in Ariana Resources

Metal Tiger (LON: MTR), the natural resources investing company is pleased to announce a new strategic Direct Equity investment in Ariana Resources plc ("Ariana") (LON:AAU).

Highlights:

· Metal Tiger to invest an additional £100,000 in Ariana Resources plc at 0.9p per share to acquire a further 11,111,111 shares;

· Metal Tiger to receive 11,111,111 warrants to subscribe for new ordinary shares in Ariana Resources plc at 1.8p per share with a three year exercise period;

· Metal Tiger to retain its right to subscribe for a further £75,000 into Ariana by 30 June 2015 at 0.9p per share.

Metal Tiger's CEO Cameron Parry commented: "Metal Tiger is delighted to have the opportunity to invest in Ariana Resources, post the release of the positive Scoping Study conducted on their Salinbas project, at the same 0.9p share price Metal Tiger paid for its previous equity investment announced eight weeks ago.

This investment, which is funded from Metal Tiger's existing cash resources, provides Metal Tiger shareholders with an enhanced exposure to the considerable upside potential and strength of the Ariana value proposition which potentially includes impending gold production at Kiziltepe and the possibility of a high value disposal of their interest in the Salinbas/Ardala asset.

Furthermore the Metal Tiger Board believes this investment demonstrates our confidence in the Salinbas Scoping Study which was based on work undertaken by highly regarded consultants and advisors who are located in those parts of the world that fully understand developing open pit gold mines."

Earlier Subscription Agreement Summary

Metal Tiger previously announced on 5 February 2015 a Direct Equity Subscription by the Company into Ariana Resources plc of £75,000 at 0.9p per share amounting to a purchase of 8,333,333 new ordinary shares in Ariana.

As part of this investment Metal Tiger received 8,333,333 warrants to subscribe for new ordinary shares in Ariana Resources plc at 1.8 per share with an exercise period of 3 years from the subscription date.

Furthermore Metal Tiger also agreed to subscribe for an additional £75,000 on the same subscription terms within 20 business days of the receipt of forestry permits by Ariana by 30 June 2015. However, with Metal Tiger's new investment of £100,000 announced today, the exercise of the option for this further £75,000 will now be solely at Metal Tiger's election; all other terms and conditions remain the same. Receipt of the permits will enable construction of Ariana's Kiziltepe gold production facility and mine to commence shortly thereafter.

At Metal Tiger's volition this second subscription could be accelerated and completed at any time prior to 30 June 2015. Should Ariana dispose of their Salinbas/Ardala for in excess of $15million, the exercise price of any unexercised warrants will increase by 50% to 2.7p per share.

New Subscription Agreement Information

Metal Tiger has now agreed a new Direct Equity Investment into Ariana Resources plc of £100,000 at 0.9p per share for 11,111,111 new ordinary shares in Ariana. As part of this investment, Metal Tiger will receive an additional 11,111,111 warrants to subscribe for new ordinary shares in Ariana at an exercise price of 1.8p per share and with an exercise period of 3 years. This investment tranche is separate and in addition to the earlier subscription agreement announced on 5 February 2015.

Metal Tiger retains the right to subscribe for an additional £75,000 at 0.9p per new ordinary share in Ariana by 30 June 2015, on the basis outlined in the earlier subscription agreement as announced on 5 February 2015, save that this subscription is now to be solely at Metal Tiger's volition.

Including this investment announced today, Metal Tiger's Direct Equities division has to date invested £175,000 into Ariana Resources plc, with the potential for an additional investment of £75,000 as outlined above. In addition, Metal Tiger now holds a total of 19,444,444 warrants to subscribe for further equity in Ariana at a minimum of 1.8p per share.

Ariana Resources plc reported net assets of £6,437,000 as at 31 December 2013 and a loss for the year ended 31 December 2013 of £1,334,000.

Collaboration

As announced on 5 February 2015, Metal Tiger and Ariana have agreed to collaborate to identify and consider new resource opportunities in Turkey where both parties may be able to participate. Most notably both companies are keen to consider new opportunities that may arise in respect of fresh licence auctions taking place in Turkey. Further information will be provided in respect of this collaboration in due course.

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

Notes to Editors:

Metal Tiger Plc is a natural resources focused investing company listed 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 listed 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.