Strategic Acquisition - Red Rock Resources

Metal Tiger Plc

29 April 2016

Metal Tiger Plc

("Metal Tiger" or the "Company")

STRATEGIC ACQUISITION - RED ROCK RESOURCES

Metal Tiger plc (LON:MTR) the London Stock Exchange AIM listed investor in strategic natural resource projects is pleased to announce a strategic investment totaling £225,000 in Red Rock Resources plc ("Red Rock")(AIM:RRR).

Highlights:

§ Investment of £125,000 in cash to acquire 29,761,904 Red Rock shares at 0.42p;

§ Metal Tiger to receive one warrant at 0.84p for each Red Rock share purchased at 0.42p in the placing (being 29,761,904 warrants in total), with a warrant life of 30 months;

§ Warrants subject to an accelerator whereby in the event that Red Rock shares trade in excess of a ten day vwap of 2.5p or more, the warrant holders, following notification, have 7 days to confirm a wish to exercise and a further 14 days to pay, otherwise the warrants will be cancelled;

§ Strategic share exchange ("Share Swap") whereby Metal Tiger invests a further £100,000 to acquire an additional 23,809,523 Red Rock Shares at 0.42p per share in exchange for a £100,000 of Metal Tiger shares, being 1,818,182 Metal Tiger shares at 5.5p each. Red Rock and Metal Tiger may not dispose of the other parties Share Swap shares for a period of three months without the other party's approval. The strategic share exchange is subject to both company auditors confirming the reasonableness of the transaction in line with proper commercial practice;

§ Following completion of the proposals outlined above, Metal Tiger will own 53,571,427 Red Rock shares representing 13.65% of Red Rock's issued share capital;

§ Metal Tiger has the right to appoint a Non-Executive Director to the Red Rock board at any time during the next 12 months.

Terry Grammer, Chairman of Metal Tiger commented "we are pleased to announce a further strategic investment, this time into Red Rock and utilising a combination of £125,000 cash and £100,000 of Metal Tiger shares under the proposed strategic share exchange. The Red Rock interest will be held in the Company's Asset Trading division.

The incoming cash and liquid shares will help revitalise Red Rock and we will be watching the developments announced by Red Rock with interest over the coming weeks and months."

Red Rock reported net assets of £7,947,094 as at 31 December 2015 and a loss for the year ended 30 June 2015 of £8,411,541.

Paul Johnson, Chief Executive Officer of Metal Tiger plc excluded himself from the decision to proceed with this acquisition being an existing holder of Red Rock shares.

The 1,818,182 new ordinary shares are expected to be admitted to trading on or around 6 May 2016. Following the issue of the new ordinary shares, the number of ordinary shares in issue in the Company will increase to 520,995,443. 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 520,995,443 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 the avoidance of doubt following the admission to trading on 11 May of the 22,222,218 shares issued as part of the £1 million placing announced on the 26 April 2016 there will be 543,217,661 ordinary shares with voting rights attached (one vote per share).

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 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.