Acquisition of securities of Red Tiger Mining Inc.

MOSCOW, Russia, Aug. 9, 2013 /CNW/ - Maxim Finskiy ("Finskiy"), 22 Tverskaya, Ulitsa, Moscow 125009, Russia, announces that, pursuant to a private placement (the "Private Placement") through a company wholly-owned by him, he has acquired beneficial ownership of and/or control or direction over 2,777,778 common shares of Red Tiger Mining Inc. ("Red Tiger"). Finskiy paid CDN$0.18 per Red Tiger common share pursuant to the Private Placement.

Finskiy also announces that, pursuant to purchases made through the facilities of the TSX Venture Exchange through a company wholly-owned by him (the "Market Purchases"), he has acquired beneficial ownership of and/or control or direction over 2,215,000 Red Tiger common shares at various prices ranging from CDN$0.08 to CDN$0.20. 

Together, the Red Tiger common shares purchased through the Private Placement and the Market Purchases are the "Acquired Shares".

Immediately prior to the Private Placement, but after giving effect to the Market Purchases, Finskiy, through a company wholly-owned by him, beneficially owned and/or exercised control or direction over 41,875,193 Red Tiger common shares and common share purchase warrants entitling Finskiy to acquire up to 22,523,079 Red Tiger common shares, representing approximately 42.8% of the issued and outstanding common shares of Red Tiger on an undiluted basis.  Finskiy also holds Red Tiger stock options entitling him to acquire up to 500,000 Red Tiger common shares.

Immediately following the Private Placement, Finskiy beneficially owned and/or exercised control or direction over 44,652,971 Red Tiger common shares, warrants entitling him to acquire up to 22,523,079 Red Tiger common shares and stock options entitling him to acquire up to 500,000 Red Tiger common shares, representing approximately 44.38% of the issued and outstanding Red Tiger common shares on an undiluted basis (or 67,676,050 common shares or approximately 54.73%% on a partially diluted basis, assuming exercise of all of the warrants and stock options held by Finskiy).

Since the Private Placement, warrants entitling Finskiy to acquire 18,277,398 Red Tiger common shares have expired. After giving effect to that expiry, Finskiy beneficially owned and/or exercised control or direction over approximately 49,398,652 common shares or approximately 46.88% of the issued and outstanding common shares on a partially diluted basis, assuming exercise of all of the warrants and stock options held by Finskiy.

The Private Placement was a private transaction outside of any market or other facility.

The Acquired Shares were acquired for investment purposes.  Finskiy may, in the future, increase or decrease his ownership of securities of Red Tiger, directly or indirectly, from time to time depending upon the business and prospects of Red Tiger and future market conditions.

An early warning report (the "EWR") will be filed on SEDAR and will be available for review at www.sedar.com under Red Tiger's profile.  A copy of the EWR can be obtained from the contact below.

SOURCE: Maxim Finskiy

John Sabine
Phone [phone]