Interim Results

Tiger Resource Finance PLC
25 July 2006



             Tiger Resource Finance plc ('Tiger' or the 'Company')

            Interim Results for the six months ended 30 June 2006





Chairman's Statement


Highlights:


•        Net Asset Value per share  4.85p
•        Total assets of £9.7M at 30 June 2006


At the end of the half year period the Net Asset Value (NAV) was 4.85p compared
to 4.32p at 30 June 2005 and 4.77p on 31 December 2005.  This represents an
increase of 12% compared to the NAV at 30 June 2005.  The NAV is based on an
increase in the company's total assets of £0.3M to £9.7M compared to 30 June
2005.


The six-month stock market activity during the period under review was extremely
volatile with commodity prices reaching all time highs both for precious and
base metals.  This commodity price increase was driven by the investment
community taking direct positions in metals, possibly advancing prices well
beyond physical demand levels.  The situation spiralled to the point that a
severe correction occurred during early May 2006.  Share prices of the majors
corrected due to lower anticipated revenues whilst share prices of the juniors
decreased even further which is fairly typical for a resource sector correction.


June 2006 witnessed commodity prices recovering, resulting in some improvement
in the share prices of both the majors and juniors.  Political tension around
the world led to a firming of oil prices combined with international
inflationary fears and anticipated interest rate rises.  These issues further
dampened share prices across most sectors.  Consequently, despite recovering
commodity prices over the last few weeks, the resource sector has been unable to
attain prices achieved in the first quarter.


Tiger feels confident about the mid-term since new metal discoveries are
necessary to meet the thirst for raw materials in developing economies.  The
board continues to believe that a major discovery in base metals is overdue and
will continue its focus to seek out junior metal explorers with above average
potential.


The Board received shareholder permission to buy-back the Company's own shares
at the last AGM although no buy-backs have been made under this new permission.
This situation is subject to continuous monitoring.  The 35 million shares
previously held in treasury were cancelled on the 4 July 2006 resulting in
200,881,939 ordinary shares outstanding in the Company effective from the same
date.


Against this volatile background the Company will seek new buying opportunities
to further enhance NAV growth and maximise shareholder value.


Bruce Rowan
Chairman



25 July 2006






Portfolio Holdings as at 30 June 2006


Investments                               Number          Cost     Valuation
                                      30/06/2006    30/06/2006    30/06/2006
                                                             £             £
African Eagle Resource Plc             1,241,274       112,264       142,735

Alamos Gold Inc.                         106,293        27,610       471,250

Ascent Resources Plc                  29,093,406       534,890     2,909,341

Formation Capital Corp                 2,025,000       207,043       299,261

Franconia Minerals Corp (OFEX)           333,333        45,432       110,000

Franconia Minerals Corp (TSE)            625,000       107,562       249,384

Gold Fields Ltd                           10,500        32,759       128,863

Minmet Plc                            17,471,488       241,135       110,070

Nautical Petroleum Plc                 9,000,000       180,000       967,500

Pacific North West Corp                  566,500       107,682       108,835

Pan African Resources Plc              5,098,033       175,000       254,902

Ridge Mining Plc                         100,000       178,477        37,750

River Diamonds Plc                     8,144,207       125,000        81,442

Sunrise Diamonds Plc                     665,000         6,650        19,950

Tertiary Minerals Plc                  1,330,000       119,700       129,675

Fair value of warrants                14,195,284             -        32,328

MIT Ventures Corp loan note                    -        40,000        40,000

                                                     2,241,204     6,093,286




TIGER RESOURCE FINANCE PLC


PROFIT AND LOSS ACCOUNT FOR THE SIX MONTHS ENDED 30 JUNE 2006


                                                      (Unaudited)     (Unaudited)       (Audited)
                                                       Six months      Six months            Year
                                                            ended           Ended           Ended
                                                       30 June 06      30 June 05       31 Dec 05
                                                                £               £               £


Administrative expenses                                 (119,456)       (120,403)       (400,076)

OPERATING LOSS                                          (119,456)       (120,403)       (400,076)

Profit/(loss) of fixed asset investments                        0         298,958         298,958

Investment income                                             382             264          25,619

Interest receivable                                        90,026         114,801         226,692

PROFIT/(LOSS) ON ORDINARY ACTIVITIES                     (29,048)         293,620         151,193
BEFORE TAXATION

Tax on profit on ordinary activities                            0        (49,000)        (46,441)

PROFIT/(LOSS) ON ORDINARY ACTIVITIES AFTER               (29,048)         244,620         104,752
TAXATION


Basic earnings/(loss) per share                             0.00p           0.10p           0.05p

Diluted earnings/(loss) per share                           0.00p           0.10p           0.05P







STATEMENT OF TOTAL REALISED GAINS AND LOSSES FOR THE SIX MONTHS ENDED 30 JUNE 2006


                                                       (Unaudited)      (Unaudited)       (Audited)
                                                        30 June 06       30 June 05       31 Dec 05
                                                                 £                £               £

Profit/(loss) for the period                              (29,048)          244,620         104,752

Unrealised gains on fixed asset investments                586,875        1,055,478       2,523,551

Unrealised losses on fixed asset investments             (400,992)        (659,003)       (830,841)

Tax on gains on fixed asset investments                          0        (286,000)       (609,666)

Total recognised gains/(losses)                            156,835          355,095       1,187,796





TIGER RESOURCE FINANCE PLC

BALANCE SHEET AT 30 JUNE 2006

                                                      (Unaudited)       (Unaudited)        (Audited)
                                                       30 June 06        30 June 05        31 Dec 05
                                                                £                 £                £
FIXED ASSETS
Financial assets
    Quoted investments - at market value                6,093,286         4,301,264        5,832,391

CURRENT ASSETS

    Debtors                                                22,003            25,632           10,439
    Cash at bank and in hand                            4,335,602         5,815,356        4,456,745
                                                        4,357,605         5,840,988        4,467,184
CREDITORS

    Amounts falling due within one year                 (713,352)         (756,794)        (718,871)

NET CURRENT ASSETS                                      3,644,253         5,084,194        3,748,313


TOTAL ASSETS LESS CURRENT LIABILITIES                   9,737,539         9,385,458        9,580,704

CAPITAL AND RESERVES

Called up share capital                                 2,358,819         2,358,819        2,358,819
Share premium account                                   1,554,856         1,554,856        1,554,856
Revaluation reserve account                             3,852,071         2,369,953        3,666,188
Profit and loss account                                 1,971,793         3,101,830        2,000,841

SHAREHOLDERS FUNDS                                      9,737,539         9,385,458        9,580,704



Interim Report - Notes

 1   The information relating to the six-month periods ended 30 June 2006 and 30 June 2005 is
     unaudited.  The information relating to the year ended 31 December 2005 is extracted from
     the audited accounts of the company which have been filed at Companies House and on which
     the auditors issued an unqualified report.

 2   The above financial information does not constitute statutory accounts within the meaning of
     section 240 of the Companies Act 1985.

 3   Earnings/Losses per ordinary share included in the Profit and Loss statement is based on the
     weighted average number of shares of 200,881,939. The NAV calculation is based on the total
     number of issued shares (235,881,939) less shares held in treasury (35,000,000) i.e.
     200,881,939 shares.

 4   Copies of this interim report are available to the public, free of charge, from 4th Floor, 2
     Cromwell Place, London SW7 2JE, during normal office hours. A copy will also be posted on
     Tiger Resource Finance plc's website www.tiger-rf.com.




For further information please contact:

Bruce Rowan, Chairman                     Tel: [phone]
Colin Bird, Director                      Tel: [phone]




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