Tiger lifts resource status at Kipoi Central

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PERTH, Western Australia, May 22, 2012 /CNW/ - Tiger Resources Limited (ASX/TSX: TGS, "Tiger") is pleased to announce a significant increase in Measured and Indicated Resources (M&I) at the Company's Kipoi Copper Project, in the Democratic Republic of Congo (DRC). The increase was the result of a re-classification of resources at Kipoi, independently completed by Cube Consulting Pty Ltd.

Highlights

• Measured and Indicated Resources at Kipoi Central increased 40% from 375,000t copper (December 2011) to 525,000t copper
  
  
• Inferred Resource of 82,000t copper reduced from 262,000t of copper (December 2011) due to re-classification to Indicated status
  
  
• Western extension at Kipoi Central is larger than Company expectations with significant potential for further resource increases

The re-classification, from Inferred to the Measured and Indicated Resources, is part of Tiger's definitive feasibility study (DFS) for the Stage 2 Solvent Extraction Electro-winning (SXEW) processing plant at Kipoi. Tiger is currently in Stage 1 of production at Kipoi where it is producing copper in concentrate through a heavy media separation (HMS) plant. The plant produced 3,506 and 3,066 tonnes of copper in concentrate for March and April 2012 respectively, which is above the nameplate target of 35,000tpa.

Full details are available in a release that has been filed with SEDAR and is posted on the Company's website at www.tigerresources.com.au

Background

Kipoi Central is one of five known copper deposits contained in a 12km sequence of mineralised Roan sediments within the Kipoi Project area (PE533), and is approximately 1km to the west of Tiger's operating HMS plant. Tiger is completing a DFS assessing the commercial benefits of a SXEW plant and will use these drill results to develop resources for the DFS.

The Information in this report that relates to Ore Reserves at Kipoi Central is based on a Reserve estimate compiled by Mr Quinton de Klerk who is a Fellow of the Australian Institute of Mining and Metallurgy ("AusIMM"). Mr de Klerk is a Director and full time employee of Cube Consulting Pty Ltd. Mr de Klerk has sufficient experience which is relevant to the style of mineralisation and type of deposit under consideration and to the activity which he is undertaking to qualify as a Competent Person as defined in the 2004 Edition of the "Australasian Code for Reporting of Exploration Results, Mineral Resources and Ore Reserves" (the "JORC Code") and to qualify as a "Qualified Person" under National Instrument 43-101 - Standards of Disclosure for Mineral Projects ("NI 43-101"). Mr de Klerk consents to the inclusion in this report of the matters based on their information in the form and context in which it appears.

The Information in this report that relates to Mineral Resources at Kipoi Central, Kipoi North and Sase Central is based on resource estimates compiled by Mr Mark Zammit and Mr Chris Black, both of whom are members of the Australian Institute of Geoscientists ("AIG"). Mr Zammit and Mr Black are full time employees of Cube Consulting Pty Ltd. Mr Zammit and Mr Black each has sufficient experience which is relevant to the style of mineralisation and type of deposit under consideration and to the activity which he is undertaking to qualify as a Competent Person as defined in the 2004 Edition of the "Australasian Code for Reporting of Exploration Results, Mineral Resources and Ore Reserves" (the "JORC Code") and to qualify as a "Qualified Person" under National Instrument 43-101 - Standards of Disclosure for Mineral Projects ("NI 43-101"). Mr Zammit and Mr Black consent to the inclusion in this report of the matters based on their information in the form and context in which it appears.

The Information in this report that relates to Mineral Resources at Kileba South is based on information compiled by Dr Simon Dorling, who is a member of the Australian Institute of Geoscientists ("AIG"). Dr Dorling is a full time employee of CSA Global Pty Ltd. Dr Dorling has sufficient experience which is relevant to the style of mineralisation and type of deposit under consideration and to the activity which he is undertaking to qualify as a Competent Person as defined in the 2004 Edition of the "Australasian Code for Reporting of Exploration Results, Mineral Resources and Ore Reserves" (the "JORC Code") and to qualify as a "Qualified Person" under National Instrument 43-101 - Standards of Disclosure for Mineral Projects ("NI 43-101"). Dr Dorling consents to the inclusion in this report of the matters based on the information in the form and context in which it appears.

The information in this report that relates to Exploration Results is based on information compiled by Mr. Brad Marwood, who is a Member of The Australasian Institute of Mining and Metallurgy.  Mr Marwood is a Director and full-time employee of the Company.  Mr Marwood has sufficient experience which is relevant to the style of mineralisation and type of deposit under consideration and to the activity which he is undertaking to qualify as a Competent Person as defined in the 2004 Edition of the 'Australasian Code for Reporting of Exploration Results, Mineral Resources and Ore Reserves'. Mr Marwood consents to the inclusion in the report of the matters based on his information in the form and context in which it appears.

Caution Regarding Forward Looking Statements and Forward Looking Information: This report contains forward looking statements and forward looking information, which are based on assumptions and judgments of management regarding future events and results. Such forward-looking statements and forward looking information, including but not limited to those with respect to the development of a Stage 1 mining, HMS and spiral system operation and a Stage 2 SXEW plant at Kipoi Central, 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 availability of debt financing, the volatility in global financial markets, the actual results of future mining, processing and development activities and changes in project parameters as plans continue to be evaluated.

SOURCE Tiger Resources Limited