Red Tiger Announces Completion of Shares for Debt Transaction

TORONTO, May 16, 2013 /CNW/ - Red Tiger Mining Inc., (TSXV: RMN), (the "Company") announces that it has completed its previously announced shares-for-debt transaction, whereby trade payables of US$1,423,024 owed to Maquinaria y Construcciones Nunez ("Maquinaria") by the Company's wholly-owned subsidiary, Minerales Libertad S.A. de C.V., was settled by the issuance of 5,000,000 common shares of the Company to Maquinaria.

The Debt Shares are subject to a hold period expiring on September 17, 2013.

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the
TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

SOURCE Red Tiger Mining Inc.