Mr. Robert Vallis reports

TIGER GOLD EXERCISES OPTION TO ACQUIRE 100% OF THE QUINCHIA GOLD PROJECT

Tiger Gold Corp. has completed the final staged cash option payment under its option agreement with LCL Resources Ltd. in respect of its exclusive option to acquire 100 per cent of the Quinchia gold project and the Andes gold project, located in Colombia's prolific Mid-Cauca belt.

The company made the final staged cash option payment of $4.5-million (Australian) under the agreement, bringing the total staged cash payments made to date to $7.5-million (Australian). With the completion of all staged cash option payments, the company has satisfied all cash payment conditions and has exercised its option to acquire 100-per-cent ownership of the projects. Total cash consideration under the agreement is $14-million (Australian), which includes $7.5-million (Australian) in staged cash payments, which have now been made, and a further $6.5-million (Australian) cash payment payable contingent upon certain production milestones. The agreement also provides for a 1-per-cent net smelter return royalty on future gold production from the Quinchia gold project, subject to a buyback option.

Operations at the Quinchia gold project continue to advance at pace. The company now has more than 160 employees and contractors working on the ground at Quinchia, reflecting the rapid mobilization of its in-country work force as exploration and development activities accelerate. Three drill rigs are currently turning at Quinchia, supporting the continued definition and expansion of the project's mineral resources.

Tiger is deeply committed to the people and communities of the Quinchia region and to building enduring, mutually beneficial relationships with local stakeholders. The company supports the region through numerous social programs designed to deliver lasting value to the communities in which it operates. As part of this commitment, Tiger has built and is operating a fully functioning medical clinic that provides essential health care services to the Quinchia communities, including prenatal care and dental checkups.

About Tiger Gold Corp.

Tiger is a growth-oriented gold exploration and mine development company focused on advancing its flagship asset, the Quinchia gold project, a multimillion-ounce gold project in the prolific Mid-Cauca belt of Colombia, in which Tiger owns a 100-per-cent interest. Tiger is led by a multidisciplinary team of exploration geologists, mine builders, engineers, metallurgists, ESG (environmental, social and governance) specialists and corporate finance professionals with a record of exploration success, project advancement and bringing mines into production at globally recognized mining companies, including AngloGold Ashanti, Barrick Mining, Yamana Gold, Detour Gold, NewGold, Pretium Resources and others.

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