Stmnt re Share Price Movement

Tiger Resource Finance PLC
07 August 2003



             TIGER RESOURCE FINANCE PLC ('Tiger' or the 'Company')




The Board of Tiger notes today's increase in the Company's share price. The
Board have formed the opinion that this is due to the movement in the share
price of Minmet PLC ('MinMet'). MinMet, Tiger's majority shareholding, rose in
excess of 75% yesterday increasing the market value of Tiger's investment from
£572,781 (market value at 30 June 03) to £1.23 million (market value at 6
August, 2003). The original cost of Tiger's investment in MinMet was £434,358
and the current valuation represents an increase of almost 183%. This increase
in Minmet's share price takes Tiger's net asset value per share in excess of 2p
per share.


This increase in MinMet's share price followed an announcement made yesterday by
MinMet that it had a record month of gold production in its 50% owned Bjorkdal
gold mine.

ENDS





7 August 2003


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