Tiger Resources Issues March 2009 Quarterly Report



    PERTH, Western Australia, April 29 /CNW/ - Tiger Resources Limited (ASX /
TSX: TGS) ("Tiger" or the "Company") advises that the activities report for
the quarter ended 31 March 2009 has been issued today. Highlights of the
report are set out below, and the full text of the report is available on the
Company's website www.tigerresources.com.au and under the Company's profile at
www.sedar.com.

    
                                 HIGHLIGHTS

    KIPOI PROJECT

    Optimisation Study

    The Company completed its Optimised Feasibility Study ("OS") for the
proposed Stage 1 development of the Kipoi Project. Key outcomes of the OS are:

    -   Significantly improved project economics: Internal rate of return of
        87%

    -   Substantial reduction in capital expenditure and cash costs: Capital
        expenditure reduced to US$30 million with cash costs of US$0.33/lb

    -   Shorter payback and construction / pre-strip period: 1.3 years
        payback period

    -   Increase in copper recovery: 8% increase over DFS levels

    -   Earlier production than under DFS
    

    The results of the OS demonstrate significantly enhanced economics and a
substantial reduction in pre-production capital expenditure. The OS includes
many improvements to the September 2008 Definitive Feasibility Study (DFS),
that should facilitate the securing of project financing to enable the
commencement of mining operations at the Kipoi Project.

    Resource Upgrade

    Maiden Inferred Mineral Resource estimates completed for the Kipoi North
and the Kileba South deposits which form part of the Kipoi Project.
    The combined new resource estimates represent a 47% expansion in the
resource base. Total Inferred Copper ("Cu"), Cobalt ("Co") and Silver ("Ag")
Mineral Resources for the Kipoi Project increased to 644,000t of Copper,
22,600t of Cobalt and 2,788,000oz of Silver.

    
    Kileba South Inferred Mineral Resource

    -   9.5 M tonnes at 1.40% Cu containing 133,000t of contained copper
        metal.

    Kipoi North Inferred Mineral Resource

    -   5.3M tonnes @ 1.36% Cu and 8.1g/t Ag containing 71,600t of copper
        and 1,372,000oz of silver.

    -   Further potential exists at both deposits for lateral oxide
        extensions and the deposits are open at depth with substantial scope
        for expansion of sulphide resource.

    -   Both resource estimates represent predominantly oxide mineralisation
        which would support a Solvent Extraction and Electrowinning ("SXEW")
        operation.

    -   Kipoi North and Kileba South are in close trucking proximity to Kipoi
        Central offering synergies and efficiencies for future mining
        operation.
    

    DRC Mining Review

    DRC government review of Kipoi Mining Contract completed in January 2009.
Ownership of the Kipoi Project remains a 60/40 joint venture with Gecamines
(Tiger acquiring the 60% interest through its arrangements to acquire 100% of
Congo Minerals sprl and Tiger Congo sprl).

    LUPUTO PROJECT - Sase Prospect

    Discovery of Substantial High Grade Copper Mineralisation including:
38.85m @ 5.23% Cu, 73.25m @ 3.33%, 64m @ 3.27% Cu, 60.50m @ 3.49% Cu from
diamond drilling at the Sase Copper Prospect, Lupoto Project

    
    -   Drilling delineated significant body of copper mineralisation, over a
        strike of 600m, with a width of up to 200m and to a vertical depth of
        at least 120m.

    -   Mineralisation remains open along strike and at depth

    -   Mineralisation located along a mineralised fault system that can be
        traced over a distance of at least 15km. Numerous high grade Cu
        anomalies along fault require follow up.

    -   Mineralisation at Sase is predominantly copper oxide with potential
        to contribute to the planned mining operation at Kipoi.

    -   Tiger has a 100% interest in the project.
    

    Additional Notes:

    The Information in this report that relates to Mineral Resources at Kipoi
Central and Kipoi North is based on resource estimates compiled by Mr Ted
Hansen and Mr Rick Adams, both of whom are members of the Australasian
Institute of Mining and Metallurgy ("AusIMM"). Mr Hansen and Mr Adams are
directors and full time employees of Cube Consulting Pty Ltd. Mr Hansen and Mr
Adams each has sufficient experience which is relevant to the style of
mineralisation and type of deposit under consideration and to the activity
which he is undertaking to qualify as a Competent Person as defined in the
2004 Edition of the "Australasian Code for Reporting of Exploration Results,
Mineral Resources and Ore Reserves" (the "JORC Code") and to qualify as a
"Qualified Person" under National Instrument 43-101 - Standards of Disclosure
for Mineral Projects ("NI 43-101"). Mr Hansen and Mr Adams consent to the
inclusion in this report of the matters based on their information in the form
and context in which it appears.
    The Information in this report that relates to Mineral Resources at
Kileba South is based on information compiled by Dr Simon Dorling, who is
member of the Australian Institute of Geoscientists ("AIG"). Dr Dorling is a
full time employee of CSA Global Pty Ltd. Dr Dorling has sufficient experience
which is relevant to the style of mineralisation and type of deposit under
consideration and to the activity which he is undertaking to qualify as a
Competent Person as defined in the JORC Code and to qualify as a "Qualified
Person" under NI 43-101. Dr Dorling consents to the inclusion in this report
of the matters based on the information in the form and context in which it
appears.
    Scientific or technical information in this news release has been
prepared by or under the supervision of Mr David Young, Managing Director and
a full-time employee of the Company and a member of the AusIMM. Mr Young has
sufficient experience which is relevant to the style of mineralization under
consideration and to the activity which he is undertaking to qualify as a
Competent Person as defined in the JORC Code and to qualify as a "Qualified
Person" under NI 43-101. Mr Young consents to the inclusion in this news
release of the matters based on his information in the form and context in
which it appears.
    Assay results in this report were prepared by the independent laboratory,
ALS Chemex, South Africa and SGS Zambia.

    Caution Regarding Forward Looking Statements and Forward Looking
Information: This news release contains forward-looking statements and forward
looking information, which are based on assumptions and judgments of
management regarding future events and results. Such forward-looking
statements and forward looking information, including but not limited to those
with respect to the development of mining operations at the Kipoi Project,
including an SXEW plant at Kipoi, the earning by Tiger of its interest in the
Kipoi Project, and its plans to secure project finance for the Stage 1
Project, involve known and unknown risks, uncertainties, and other factors
which may cause the actual results, performance or achievements of the Company
to be materially different from any anticipated future results, performance or
achievements expressed or implied by such forward-looking statements. Such
factors include, among others, the actual market prices of copper, cobalt and
silver, the actual results of current exploration, the availability of debt
financing for a company that does not have any producing properties, the
volatility currently being experienced in global financial markets, the actual
results of future mining, processing and development activities, changes in
project parameters as plans continue to be evaluated, as well as those factors
disclosed in the Company's Annual Information Form, under the heading "Risk
Factors". The Company's Annual Information Form is available under the
Company's profile on SEDAR at www.sedar.com.





For further information:

For further information: in respect of the Company's activities, please
contact: David Young, Managing Director, Tel: (+61 8) 9240 1933, Email:
dyoung@tigerez.com; Reg Gillard, Chairman, Tel: (+61 8) 9240 1933, Email:
gillardr@tigerez.com.au; Company website: www.tigerresources.com.au

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Tiger Resources Limited

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