Shares Issued Pursuant to Option Exercise

PERTH, Western Australia, March 1 /CNW/ --
NOT FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES OR FOR
DISSEMINATION IN THE UNITED STATES

PERTH, Western Australia, March 1 /CNW/ - Tiger Resources Limited
(ASX/TSX code: TGS) is pleased to advise that it has now completed the
issue of 71.112 million ordinary shares following its announcement on
23 February 2011 that major shareholder Trafigura Beheer B.V.
(Trafigura) had agreed to exercise the majority of its outstanding
warrants in Tiger and to terminate its undrawn US$15 million project
loan facility.

The US$ 15.7 million proceeds from the options exercise provides Tiger
with funding to complete the Stage 1 development at the Kipoi Project,
fund an aggressive exploration and drilling campaign planned for 2011
at targets on the Kipoi Project and Lupoto Project licences, advance
feasibility work for a Stage 2 SXEW development at Kipoi and provide
general working capital.

Tiger no longer requires the previously negotiated loan facility to
complete the development of Kipoi Stage 1. Currently, the only debt
outstanding is a fully drawn US$12 million loan facility with
Trafigura, used to complete the acquisition of Tiger's 60% interest in
the Kipoi project last year. This loan will be repaid from surplus cash
flows from the Stage 1 HMS development, which is expected to begin
production in April 2011.

BACKGROUND

The Kipoi Project covers an area of 55 square kms and is located 75km
north‐north‐west of the city of Lubumbashi in the Katanga Province of
the DRC. The project contains a 12km sequence of mineralised Roan
sediments that host at least five known deposits: Kipoi Central, Kipoi
North, Kileba, Judeira and Kaminafitwe.

The Company has reported JORC standard resources at three of the
deposits. The principle deposit is Kipoi Central which contains a zone
of high grade copper mineralisation within a much larger lower grade
global resource.

The Company proposes a staged development at the Kipoi Project. The high
grade zone of mineralisation at Kipoi Central is proposed to be
exploited during the Stage 1 development. During the three year life of
Stage 1 a total of 900,000tpa of 7% Cu is planned to be processed
through an HMS plant to produce the equivalent of 35,000tpa of copper.

The Company is currently undertaking a feasibility study to evaluate the
economic viability of constructing an SXEW plant (Stage 2) targeted to
come on stream within three years of the start of the HMS operation. It
is envisaged that ore from Kipoi Central, Kipoi North and Kileba South
and the other deposits within the Kipoi Project and within the nearby
Lupoto Project would be processed at the Stage 2 phase.

Company website: www.tigerresources.com.au

Caution Regarding Forward Looking Statements: The forward-looking
statements made in this news release are based on assumptions and
judgments of management regarding future events and results. Such
forward-looking statements involve known and unknown risks,
uncertainties, and other factors which may cause the actual results,
performance or achievements of the Company to be materially different
from any anticipated future results, performance or achievements
expressed or implied by such forward-looking statements. Such factors
include, among others, the actual market prices of copper, cobalt and
silver, the actual results of current exploration, the actual results
of future mining, processing and development activities, changes in
project parameters as plans continue to be evaluated, as well as those
factors disclosed in the Company's filed documents.

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in respect of the Company's activities, please contact: