Option over Gold Production Opportunity

METAL TIGER PLC

16 November 2015



Metal Tiger plc

("Metal Tiger" or the "Company")

Option over Gold Production Opportunity

Metal Tiger (LON:MTR), the natural resources investing company is pleased to announce the Company has secured an option to participate in a gold tailings production opportunity alongside Eurasia Mining (LON:EUA) plc ("Eurasia"). This option was secured under the new project collaboration agreement signed by Eurasia and Metal Tiger as announced to market on 29 December 2014.

Metal Tiger has agreed to pay $25,000 immediately to secure an option with Eurasia that affords Metal Tiger the opportunity to elect to participate in the Semenovsky Tailings Project ("STP") on equal terms with Eurasia. The option period expires on 12 February 2016.

If Metal Tiger exercises its option, it will fund up to $100,000 of exclusivity work programme costs i.e. an additional $75,000 plus the $25,000 option already paid. The forecast exploration costs of the exclusivity period are $72,000, with the additional $28,000 being a contingency for unforeseen expenses.

Should Metal Tiger exercise its option, and both companies confirm they wish to pursue the STP opportunity by the end of the exclusivity period, the project financial and operational risks and rewards will be shared equally between Eurasia and Metal Tiger. It is anticipated that this will be in the form of a specially formed Joint Venture held through a UK private limited company.

Readers are advised to review the market announcement issued by Eurasia Mining today which provides full details with regard to this opportunity. This announcement can be viewed on the Eurasia website www.eurasiamining.co.uk.

Highlights of the STP

Eurasia Mining has signed a Heads of Terms ("HOT") agreement whereby Eurasia has the right to participate in a gold tailings opportunity. The principal highlights in respect of this opportunity are summarised as follows (Extracted from EUA market announcement - 16.11.15):

· HOT agreement signed in respect of the STP, a near term gold production opportunity in Russia;

· HOT provides for a six month period of exclusivity enabling technical study completion, sampling, metallurgical testing and general due diligence;

· Early stage, internal work undertaken by the Company indicates potential total gross revenue of approximately $57m over a 8.5 year mine life, with net project total cash inflow of approximately $29m or $3.5m per annum;

· The same work by the Company has provisionally estimated that project net present value is c.$14m at a 10% discount rate, project IRR of 65% and project payback within 1 year of production start-up, against a total estimated plant construction cost of approximately $5m. These figures will be reviewed and updated when Eurasia has undertaken more detailed work on the site;

· The STP is the first potential project to emerge from the EUA/MTR collaboration announced on 29 December 2014, and is the first in a potential series of near-term producing opportunities available.

Cameron Parry, CEO of Metal Tiger commented: "We are very pleased to see the collaboration with Eurasia delivering its first opportunity. We consider the prospect of early gold production to be a major step forward for Eurasia particularly as this complements the existing platinum production planned for 2016 at Eurasia's West Kytlim project.

By securing this 3 month option, Metal Tiger has the time to review the proposals in further detail and potentially opt-in to this project. By doing so we will expose Metal Tiger shareholders to the same early gold production, sharing the financial and operational risks and rewards with Eurasia.

This collaboration between our companies demonstrates the potential advantage that comes if smaller listed resource companies work together. We are looking forward to working with Eurasia during the option period and potentially thereafter in respect of the Semenovsky Tailings Project."

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, Botswanan Copper & Silver, 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