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Metal Tiger Plc

("Metal Tiger" or the "Company")

Semenovsky Tailings Project update

Metal Tiger (LON: MTR), the natural resources investing company is pleased to announce that the Company, in line with its previously stated new strategic objectives, has opted not to pursue its interest in the Semenovsky Tailings Project (STP), which was financed 50:50 with Eurasia Mining plc (AIM:EUA). This leaves EUA in a better position to fund its interests in STP with new project finance. The Company will no longer have an interest in STP and will concentrate its resources on its core project interests.

For further information on the Company, visit: www.metaltigerplc.com:

 
Michael McNeilly (Chief                             Tel: +44(0)20 7099 0738 
Executive Officer) 
Keith Springall (Finance                            Tel: +44 (0)207099 0738 
Director 
& Company Secretary) 
Sean Wyndham-Quin          Spark Advisory Partners  Tel: +44 (0) 
Neil Baldwin               Limited                  2033 683 555 
                           (Nominated Adviser) 
 
                                                    www.sparkadvisorypartners.com 
Nick Emerson               SI Capital               Tel: +44 (0)1483 413 500 
Andy Thacker               (Joint Broker) 
Andrew Monk                VSA Capital Limited      Tel: +44 (0)20 3005 5000 
Andrew Raca                (Joint Broker) 
Gordon Poole               Camarco                  Tel: +44 (0)203 757 4980 
James Crothers             (Financial PR)

Notes to Editors:

Metal Tiger plc is listed on the London Stock Exchange AIM Market ("AIM") with the trading code MTR and invests in high potential mineral projects with a precious and strategic metals focus.

The Company's target is to deliver a very high return for shareholders by investing in significantly undervalued and/or high potential opportunities in the mineral exploration and development sector timed to coincide, where possible, with a cyclical recovery in the exploration and mining markets. The Company's key strategic objective is to ensure the distribution to shareholders of major returns achieved from disposals.

Metal Tiger's Metal Projects Division is focused on the development of its key project interests in Botswana, Spain and Thailand. In Botswana Metal Tiger has a growing interest in the large and highly prospective Kalahari copper/silver belt. In Spain Metal Tiger the Company has tungsten and gold interests in the highly mineralised Extremadura region. In Thailand Metal Tiger has expanding interests over licences, applications and critical historical data covering antimony, copper, gold, silver, lead and zinc opportunities.

The Company has access to a diverse pipeline of new opportunities focused on the natural resource sector including physical resource projects, new natural resource centred technologies and resource sector related fintech opportunities. Pipeline projects deemed commercially viable may be undertaken by Metal Tiger or by an AIM or NEX Exchange (formerly ISDX) partner with whom the Company is engaged.

View source version on businesswire.com: http://www.businesswire.com/news/home/20170508005907/en/

 
This information is provided by Business Wire

(END) Dow Jones Newswires

May 08, 2017 11:34 ET (15:34 GMT)

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