White Tiger Gold Ltd. Announces Discovery of New Gold Mineralization Zone

TORONTO, April 7, 2011 - White Tiger Gold (TSX: WTG) (the “Company“) is pleased to announce the discovery of a new zone of significant gold mineralization situated to the southwest of its current open pit gold mine.


Highlights

- Recent drilling completed in February of this year has resulted in the discovery of a major zone of gold mineralization located immediately to the southwest of the current open pit operation.

- Limited drilling to the northeast of the open pit has also encountered oxide gold mineralization but requires additional drilling to define the dimensions of the mineralized zone.

- A total of 106 diamond drill holes were completed in the Southwest Flank Zone on 50 and 100m sections at 50m intervals for a total of 11,682m.

- The drilling has outlined two zones of gold mineralization with a combined strike length of 1200 m, ranging up to 270 m in width and tested to a vertical depth of 160 m. Potential exists to join the two zones of mineralization with additional drilling.

- Potential exists to extend the zone of gold mineralization along strike and at depth.

- Gold mineralization is developed along the Savkino Fault. The fault has been traced intermittently over a strike length of 6 km of which only 2.5 km has been drill tested.

- Extensive alluvial gold mineralization is sourced from Permian granites located in the northwest part of the license area. This area also contains numerous bedrock Zn-Pb-Ag-Au-Sn prospects which have not been drill tested.

- Cyanide bottle roll leach tests conducted by SGS Mineral Services Chita, Russian Federation, are currently in progress to determine metallurgical recovery of gold.

- Micon International Co Limited has been contracted to undertake a mineral resource estimate for the Southwest Flank gold mineralization which is expected to be available within 6-8 weeks.


Mine Location

The Savkino heap leach oxide gold mine is located in the Zabaikal Region of southeast Siberia in the Russian Federation. The mine is situated approximately 400 km from Chita, the administrative capital the Region and 15 km west of the north border of China. Access to the mine is afforded by the Chita-Khabarovsk federal highway to Priargunsk and then serviced by all-weather gravel road to the mine site.


Savkino Gold Deposit

The Savkino gold deposit lies in the Eastern Trans-Baikal polymetallic belt and the license areas host a wide variety of base and precious metal occurrences in addition to areas of placer gold mineralization.

The Savkino mineralization exhibits geological and geochemical characteristics analogous to Carlin-type disseminated gold deposits. Gold mineralization is partly controlled by a steeply-inclined, reverse-faulted curvilinear contact between Cambrian and Jurassic stratigraphic units which is intermittently exposed over a strike length of 6 km.

The majority of the gold mineralization is hosted primarily by Cambrian dolostone, siltstone and shale favoring the footwall limb and hinge zone of the asymmetrical to recumbent Savkino Anticline. Lower grade discontinuous mineralization is also developed in the hangingwall of the Anticline Mineralization. The mineralization has no clear geological boundaries or preferred host rocks and is defined on the basis of sampling and assaying.

The Central Zone of oxide gold mineralization which is currently being mined extends for a strike length of 950 m and has been traced to a minimum depth of 175 m and is open down dip. Historical wide spaced drilling over the Northeast and Southwest Flanks intersected near surface disseminated oxide gold mineralization. The 2010-2011 drilling program reported herein was designed to test the potential extension of the Central Zone mineralization.


Savkino Deposit Mineral Resources and Mineral Reserves

The Savkino mineral resource and mineral reserve estimates were prepared by Micon International Co Limited (“Micon“) in 2010 following CIM guidelines in compliance with National Instrument 43-101 (“NI 43-101“). Such estimates are respectively set out below in Tables 1 and 2.

Table 1: Mineral Resource Estimates - Savkino Gold Deposit - 0.5 g/t Au Cutoff – as of September 1,2010
C
ategory Tonnage
(kt) Grade
(g/t Au) Gold
(kg) Gold
(koz)
Measured 359 1.29 464 15
Indicated 4,425 1.09 4,837 155
Measured + Indicated 4,784 1.11 5,301 170
Inferred 461 1.61 742 24

Table 2: Mineral Reserve Estimates - Savkino Gold Deposit - 0.7 g/t Au Cutoff – as of September 1, 2010
Category Tonnage
(kt) Grade
(g/t Au) Gold
(kg) Gold
(koz)
Proved 269 1.46 393 13
Probable 2,463 1.27 3,122 100
Proved + Probable 2,732 1.29 3,515 113

Low Grade (0.5-0.7 g/t Au)
Marginal 960 0.6 580 19
Waste 12,977
Strip Ratio (t:t) 5:1

Savkino Production Details

The Savkino gold deposit was approved for construction and commencement of operations by the Federal authority Glavsgosexpertiza on May 30, 2008. Mining is from an open pit at 1,823 t/day with heap leach cyanide extraction process.

The first gold doré was produced in October 2008 and to date the mine has produced 28,379 ounces of gold.

During 2010, the Savkino heap leach operation produced 15,157 ounces of gold at an average recovery of 79.7%. The average head grade of the ore was 1.29 g/t Au.


2010-2011 Drilling Southwest Flank Zone

A total of 106 diamond drill holes were completed on 50 and 100 m sections at 50 m intervals for a total of 11,682 m. The drilling has defined two mineralized bodies. The 100 m gap between the mineralized bodies has not been drilled due to lack of soil geochemical and geophysical responses. The Company believes that potential exists to join the two zones of mineralization with additional drilling.

Oxidation is variable in the Southwest Flank Zone with minor sulphides present in some of the drill holes. Primary gold mineralization is associated with variable silicification and fine quartz vein stockwork with minor disseminated pyrite and marcasite. Oxide-type mineralization is associated with intensive clay-iron oxide alteration and silicification, with the highest gold grades occurring in zones of faulting, shearing and brecciation.

The largest and most continuous mineralized body to the southwest extends over a strike length of 780 m and variable width from 50 to 200 m, with variable dip 40 to 70°SE and intersections to 160 m vertical depth. Mineralization occurs in two subparallel structural zones which are highly variable in thickness along strike and down dip.

The second mineralized body closest to the mine in the Central Zone has similar mineralogical characteristics as the oxide zone in the main body, but continuity has not been confirmed due to irregular drill spacing. This zone extends approximately 420 m along strike and 270 m wide. The zone dips 40 to 50°SE and has been intersected to a maximum depth of 120 m.

The Company is presently undertaking cyanide assaying on all fire assay results ≥0.2 g/t Au to determine the leaching characteristics of the gold mineralization.

The drill hole statistics and significant assay intervals greater than or equal to 0.3 gpt Au are summarized in Table 3 below.

Micon has been involved with the Savkino project since its inception and is intimately familiar with all aspects of the mining operation. Micon has been contracted to undertake a mineral resource estimate for the Southwest Flank Zone. The Company anticipates such estimate will be available within 6-8 weeks.


Regional Potential Savkino License Area

Extensive alluvial gold mineralization is sourced from Permian granites located in the northwest part of the license area. This area contains numerous bedrock Zn-Pb-Ag, and Ag-Au prospects, which have not been drill tested. In addition, four significant Ag-Au soil anomalies have been defined within and along the contact of the Permian granitic batholiths. The most significant Ag soil anomaly measures 3 km in length and up to 1.5 km in width and is coincident with a strong IP chargeability high.


Sample Preparation, Analytical Protocol and Quality Control

Analytical samples were taken from half core cut with a diamond saw and composited over 1 m intervals. Samples were prepared at site by Vostokgeologiya LLC, an independent government approved geological contracting company, and assayed at the independent commercial laboratories of ALS Laboratory Group and SGS Mineral Services in Chita.

Samples were crushed to 100% passing -5 mm, sub-sampled using a rotary sample divider, recrushed to -2 mm and pulverized to 95% passing 75 microns, and sub-sampled to 200 g submitted to the commercial laboratory. Control samples, including 4 Certified Reference Material (CRM), 5 pulp duplicates and 3 blanks were inserted with each analytical batch of 100 samples. CRM and blank material is internationally certified and supplied by Geostats Pty Ltd in Australia and Rocklabs Ltd. in New Zealand (each independent of the Company).

Analytical results of control samples indicate there is no apparent analytical bias or systematic contamination of samples, and accuracy is within the stated specifications of the CRM.


Qualified Persons

Mr. Stanley C. Bartlett, PGeo., Managing Director for Micon, is independent of the Company and a Qualified Person under NI 43-101, and has conducted quality control tests, has reviewed the technical information included in this press release and has verified the data disclosed in this press release, including sampling, analytical and test data underlying the information.

Drilling, logging, sampling and dispatch were under the direct supervision of Vostokgeologiya LLC, an independent geological consulting firm certified under the Law of the Russian Federation # 128- FZ with the latest revision dated December 29, 2010.

Micon has prepared a NI 43-101 compliant technical report (under the supervision of Stanley C. Bartlett, with contributions by Jonathan Steedman, who is also a Qualified Person under NI 43-101) describing the mineral resources and mineral reserves of Ildikangold's Savkino gold mine and heap leach operation. Micon's complete technical report titled “Savkino Gold Project, Chita Region, Russian Federation – Mineral Resources and Reserves – NI 43-101 Technical Report“, dated November 22, 2010 is available on the Company's SEDAR profile at www.sedar.com.


About White Tiger Gold

The Company is a TSX-listed mining and exploration company, focused on the development of mineral resources in the Russian Federation. The Company currently operates the Savkino heap leach gold operation located in southeastern Siberia which is expected to produce 17,361 oz Au in 2011. Plans are underway to expand gold production at Savkino and to develop a second gold-copper mine at the Company´s Nasedkino property situated in Chita Region in southeast Siberia. The Company also holds 3 additional early-stage gold exploration licenses in prospective geological environments located in central and northeast Siberia.


Table 3: Southwest Flank Zone Drill Statistics and Significant Assay Intervals

Section Line DDH Depth
(m) Azimuth (deg) Inclination
(deg) From
(m) To
(m) Length
(m) Au
(g/t)
L_012 448 157.7 301 -62
449 139 299 -61
911 148.5 298 -60
919 190.7 299 -63
L_016 957 50 300 -61 33 39 6 0.39
958 175 300 -61 103.2 111.5 8.3 0.39
958 175 300 -61 114.4 175 60.6 0.66
L_020 434 106.5 299 -63 91 101 10 1.04
435 120 303 -63 105.1 120 14.9 0.77
446 100 301 -63 53.2 62 8.8 2.14
447 44 298 -61 25.8 44 18.2 0.95
incld 35 36 1 5.30
915 162.9 301 -59 58 153.3 95.3 1.07
939 138.7 296 -63 120 126.7 6.7 0.44
939 138.7 296 -63 132 138.7 6.7 0.76
940 148 298 -60 72 91 19 1.06
L_024 945 124.8 297 -63 5.6 106 100.4 1.51
incld 16 21 5 7.30
incld 28 32 4 5.80
947 103.4 299 -63 43 74 31 0.77
947 103.4 299 -63 82 99 17 0.40
L_028 900 137 295 -62 14.2 23 8.8 0.54
900 137 295 -62 38 52 14 0.37
900 137 295 -62 113 119 6 0.41
901 133 299 -64 32 38 6 1.20
901 133 299 -64 46 83 37 0.73
901 133 299 -64 101 107 6 0.36
903 105.5 299 -63 16 59 43 1.21
903 105.5 299 -63 67 75 8 0.41
903 105.5 299 -63 86 101 15 0.61
912 81 296 -59 3.7 16 12.3 1.87
912 81 296 -59 29 81 52 0.89
914 161 299 -62 103 120 17 0.84
918 91 300 -60 46 78.4 32.4 0.83
932 80 298 -61 52 59 7 0.52
932 80 298 -61 64 80 16 0.83
933 100 299 -61 12.9 85 72.1 1.46
incld 20 24 4 8.10
incld 27 29 2 8.00
L_032 948 58.8 305 -59 21 56 35 1.20
949 91 301 -61 20 63 43 0.57
949 91 301 -61 64 88 24 0.93
955 118 294 -62 3 12 9 0.34
955 118 294 -62 17.7 47 29.3 0.57
955 118 294 -62 93 110 17 0.49
956 96 301 -62 14 19.6 5.6 1.47
956 96 301 -62 25.6 34.5 8.9 1.14
L_036 432 126.8 302 -64 14.5 44 29.5 0.48
432 126.8 302 -64 55 65 10 0.40
433 187.3 296 -64 73 78.8 5.8 0.88
433 187.3 296 -64 84 100 16 0.39
904 94 296 -62 4 51 47 0.58
904 94 296 -62 52 83 31 0.46
913 75.2 299 -61 3.2 10 6.8 0.32
913 75.2 299 -61 14 30 16 0.35
913 75.2 299 -61 37 59 22 0.57
930 90.6 304 -61 7.4 45 37.6 0.62
930 90.6 304 -61 85 90.6 5.6 0.55
931 80.4 295 -62 1 36 35 0.89
931 80.4 295 -62 41 74.5 33.5 0.62
938 46 298 -58 4 12 8 0.48
938 46 298 -58 24 46 22 2.07
incld 39 42.8 3.8 6.50
L_040 941 91 300 -62 6 25.6 19.6 0.87
incld 24.8 25.6 1 8.80
941 91 300 -62 34.4 75 40.6 0.78
942 65.6 298 -60 3 17 14 0.47
942 65.6 298 -60 22 55 33 0.74
incld 47 48 1 5.50
944 88 299 -63 74 88 14 0.86
953 37.4 315 -62 3 34 31 0.80
L_044 430 120.2 308 -64 38 71.8 33.8 1.07
incld 38 39 1 11.60
431 46.5 297 -62 0 28 28 0.79
436 122.4 301 -61 57 73 16 0.57
436 122.4 301 -61 91.4 99 7.6 0.46
928 64 296 -61 6 13 7 0.52
928 64 296 -61 22 48 26 1.20
929 100.1 301 -61 65 89 24 0.53
L_048 951 79 307 -62 52 61.7 9.7 2.14
incld 53 54 1 9.50
L_052 427 60 300 -63 19 26 7 0.32
427 60 300 -63 34 39 5 0.63
428 130 302 -62 69 104 35 0.62
437 120 0 -90 59 66 7 0.33
437 120 0 -90 69 77.1 8.1 0.51
442 166 300 -64 126.5 132 5.5 0.78
442 166 300 -64 133 148.5 15.5 0.78
L_060 905 71.9 299 -63 16 61.6 45.6 1.63
incld 18.5 19.6 1.1 9.80
incld 20.7 21.8 1.1 6.00
incld 35 36 1 6.75
906 149 297 -64 66 71.4 5.4 5.34
incld 67.9 69.4 1.5 19.30
907 174.8 303 -65 7 25 18 0.31
907 174.8 303 -65 26 31 5 0.35
907 174.8 303 -65 87 97 10 0.33
907 174.8 303 -65 109 116 7 0.43
907 174.8 303 -65 125 132 7 0.45
907 174.8 303 -65 146 174.8 28.8 0.53
916 64 301 -61 17 30 13 1.16
923 109.3 300 -63 83 108.6 25.6 0.82
incld 87 87.8 0.8 7.00
925 100 302 -62 40 53 13 0.57
925 100 302 -62 62 83.8 21.8 1.04
L_068 423 84 304 -62 41 49 8 0.42
424 156.7 303 -63 104 153 49 0.61
425 199 306 -63 3 17 14 1.83
incld 4.7 5.7 1 8.85
425 199 306 -63 159 170 11 0.52
426 140 307 -63 48 54.7 6.7 2.61
incld 50 51 1 6.52
441 128.9 302 -63 2 16 14 0.60
441 128.9 302 -63 84 125 41 0.59
443 98.3 297 -64 56 63 7 4.66
incld 58 60 2 16.20
917 94 298 -60 30.7 40.1 9.4 0.43
917 94 298 -60 48 56 8 0.33
921 70.3 293 -64 59 64 5 2.95
incld 59 60 1 8.10
L_076 417 121 302 -62 103 108 5 0.70
418 136 296 -63 124 132 8 0.53
419 190 292 -63 167 183 16 0.71
420 256.5 297 -63 223 229 6 0.30
420 256.5 297 -63 244 251 7 0.66
L_092 410 120 302 -61 51 69 18 0.36
411 140 303 -63 4 19 15 0.32
413 174.6 302 -62 62 74 12 0.37
413 174.6 302 -62 118 128 10 0.32
422 190.5 301 -62 86 94 8 0.48
L_100 400 40 306 -60 1 17 16 0.34
401 57.4 298 -60 0 6 6 0.30
401 57.4 298 -60 12.8 18 5.2 0.71
401 57.4 298 -60 23 45.4 22.4 0.88
402 80 303 -60 25 66 41 0.62
403 105.6 305 -59 47.9 60.9 13 0.37
403 105.6 305 -59 69.9 74.9 5 0.57
404 100 302 -58 53 60 7 0.46
404 100 302 -58 74 79 5 0.32
406 140 303 -60 21 27 6 0.57
407 150 308 -59 38.2 73 34.8 0.78
421 166.4 297 -63 67 76 9 0.71
421 166.4 297 -63 82 104.6 22.6 0.66
L_100-S_255 494 121.2 323 -61 11.8 49 37.2 2.23
incld 22 23 1 6.00
incld 26 27 1 5.20
incld 28 29 1 6.40
incld 35 37 2 9.14
495 50.9 320 -61 0.5 40.5 40 0.70
496 148.5 324 -61 26 34 8 0.48
496 148.5 324 -61 52 97 45 0.74
496 148.5 324 -61 104 112 8 0.47
909 31.3 320 -62 0 24 24 1.04
910 82.2 320 -59 2.4 9 6.6 1.83

Note: true widths are currently estimated at 80-90% of drilled widths


Forward-Looking Information

This news release contains forward-looking information. All statements, other than statements of historical fact, that address activities, events or developments that the Company believes, expects or anticipates will or may occur in the future (including, without limitation, statements regarding mineral resource and mineral reserve estimates, drilling and other exploration results, assaying, potential mineralization, the anticipated timing for the completion of a mineral resource estimate for the Southwest Flank gold mineralization, the Company's exploration and development plans, the Company's beliefs regarding the potential for joining the two Southwest Flank zones and extending the zone of gold mineralization, success of exploration, potential expansion of gold production at Savkino and the timing and amount of future production and the Company's plans to develop a second gold-copper mine at its Nasedkino property) are forward-looking information. This forward-looking information reflects the current expectations or beliefs of the Company based on information currently available to the Company. Forward-looking information is subject to a number of risks and uncertainties that may cause the actual results of the Company to differ materially from those discussed in the forward-looking information, and even if such actual results are realized or substantially realized, there can be no assurance that they will have the expected consequences to, or effects on the Company. Factors that could cause actual results or events to differ materially from current expectations include, among other things: risks related to the exploration, development and production stages of the Company's properties; uncertainties relating to the availability and costs of financing needed to complete exploration, development and production activities; failure to establish estimated mineral resources or mineral reserves (the Company's mineral resource and mineral reserve figures are estimates and no assurances can be given that the indicated levels of gold will be produced); delays in the exploration and development of, and/or commercial production from, the properties in which the Company has an interest; the uncertainties involved in interpreting exploration results and other geological data; unexpected geological conditions; the speculative nature of mineral exploration and development, including the uncertainty of and the imprecision in mineral resource and reserve estimates; success of future development initiatives; operating performance of facilities; the possibility that the results of the current assaying and future exploration results will not be consistent with the Company's expectations; changes in the price of gold or certain other commodities (such as fuel and electricity); fluctuations in the currency markets; changes in equity markets; changes in interest rates; failure to complete financings on favourable terms or at all; exploration, capital and other costs varying significantly from estimates; uncertainties relating to the availability and costs of financing needed in the future; changes in national and local government legislation, taxation, controls, policies and regulations; political developments in Russia; environmental and safety risks; delays in obtaining or failure to obtain necessary permits and approvals from government authorities; and the other risks involved in the mineral exploration business. Forward-looking information speaks only as of the date on which it is provided and, except as may be required by applicable securities laws, the Company disclaims any intent or obligation to update any forward-looking information, whether as a result of new information, future events or results or otherwise. Although the Company believes that the assumptions inherent in the forward-looking information are reasonable, forward-looking information is not a guarantee of future performance and accordingly undue reliance should not be put on such information due to the inherent uncertainty therein. Additional information about these assumptions and risks and uncertainties are contained in the Company's filings with securities regulators, including its management's discussion and analysis dated March 30, 2011 (available on SEDAR at www.sedar.com). All of the forward-looking information made in this news release is qualified by the foregoing cautionary statements and those made in the “Risk Factors“ section of the Company's most recently filed Annual Information Form dated March 30, 2011.

Mineral resources are not mineral reserves and do not have demonstrated economic viability. Inferred mineral resources are estimated on limited information not sufficient to verify geological and grade continuity or to allow technical and economic parameters to be applied. Inferred mineral resources are too speculative geologically to have economic considerations applied to them to enable them to be categorized as mineral reserves. There is no certainty that mineral resources can be upgraded to mineral reserves through continued exploration.



Contact Information

White Tiger Gold
Dr. Geoffrey Cowley
Chief Executive Officer
drgpc@edcholdings.com