Tiger Royalties & Investments Plc

NAV Update - Net Asset Value(s)

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

The unaudited portfolio value (PV) (based on investments and cash only) at 30 September 2013 was 2.44 pence per ordinary share.

Investments held by the Company as at 30/09/13

Name	Number of shares	Share price GBP	Valuation GBP
African Eagle Resources Plc	1,241,174	0.00350	4,344
African Pioneer Plc	57,000,002	(see note 2)	210,000
Anglo American Plc	11,500	15.1800	174,570
Ascent Resources Plc	9,642,857	0.01125	108,482
Astar Minerals Plc	4,000,000	0.00155	6,200
Aurum Mining Plc	8,333,333	0.02625	218,750
BP Plc	58,500	4.33100	251,198
ETFS Physical Platinum	2,250	84.80107	190,802
Jubilee Platinum Plc	1,169,600	0.05125	59,942
New World Oil and Gas Plc	5,000,000	0.01000	50,000
Northern Petroleum Plc	294,118	0.35375	104,044
PanContinental Oil and Gas NL	885,714	0.03986	35,305
Papua Mining Plc	230,000	0.55500	127,650
Petroceltic International Plc	66,640	1.49375	99,544
Polar Star Mining Corp	833,333	0.09628	80,233
Praetorian Resources plc	400,000	0.16000	64,000
Sovereign Energy Plc	40,000,000	(see note 2)	40,000
Sovereign Mines of Africa Plc	2,000,000	0.03250	65,000
Sunrise Resources Plc	665,000	0.00700	4,655
Taipan Resources Inc	310,000	0.16849	52,232
Trap Oil Plc	330,000	0.10375	34,238
Tertiary Minerals Plc	1,330,000	0.05375	71,488
U3O8 Holdings Plc	4,166,666	0.00200	8,333
Union MedTech Plc	625,000	0.01450	9,063
Vatukoula Gold Mines Plc	150,000	0.07825	11,738
Wentworth Resources Ltd	220,000	0.45774	100,703
Xtract Resources PLC	344,827,584	0.002505	862,069
Total Investments			3,044,583

Notes:

The above PV calculation is based on 138,331,939 Ordinary shares with a nominal value of 1 pence each ("Ordinary shares") being the Company's issued share capital of 142,831,939 Ordinary shares less 4,500,000 Ordinary shares held in treasury.
The investments of £210,000 and £40,000 respectively in African Pioneer PLC (quoted on ISDX) and Sovereign Energy PLC relate to companies incubated by Tiger and are carried at cost for the purpose of computing the 30 September 2013 quarterly PV.
Cash funds held by the Company at 30 September 2013 amounted to £331,774.86
All future reporting will be made on a quarterly basis and accordingly the next announcement will disclose the PV per share and investments as at 31 December 2013. The Company will disclose its investments on a quarterly basis when disclosing its PV.

For further information please contact:

Bruce Rowan, Chairman Tel: +00 44 207 486 3997
Raju Samtani, Director Tel: +00 44 777 594 6676