Tiger to commence trading on Toronto Stock Exchange

    PERTH, Western Australia, July 2 /CNW/ - Tiger Resources Limited
("Tiger") is pleased to advise that trading of its ordinary shares on the
Toronto Stock Exchange ("TSX") will commence on Wednesday, 2 July 2008.
    Tiger's ordinary shares will continue to trade on the Australian
Securities Exchange ("ASX"). The trading code for Tiger's shares is "TGS" for
both the ASX and the TSX.
    Detailed information in respect of Tiger and its projects is available on
Tiger's website (www.tigerresources.com.au) and on the ASX's website
(www.asx.com.au). A fact sheet highlighting key aspects of Tiger is attached.
    David Young, Tiger's Managing Director, will complete a series of
presentations in Toronto, New York, Vancouver and London during July, and a
copy of the presentation will be made available on Tiger's website.
    The TSX listing is a key part of the corporate strategy as Tiger moves
from explorer to emerging producer status. Increased exposure in the North
American market will offer Tiger additional options to achieve its financing
objectives for the development of its projects in the Democratic Republic of
    The definitive feasibility study into Stage 1 Production at the Kipoi
Project is on schedule for completion by the end of July. Tiger is initially
targeting annual production of 32,000 tonnes of blister copper from Stage 1
commencing early 2010, with a longer term target of producing 75,000 tonnes of
cathode copper from Stage 2 of the development from 2015.

    Managing Director

    For further information in respect of the Company's activities, please

    David Young
    Managing Director
    Tel: +61 (0)8 9240 1933
    Email: dyoung@tigerez.com

    Richard Taylor
    Investor Relations
    Tel: +61 (0)8 9240 1933
    Email: rtaylor@tigerez.com

    Reg Gillard
    Tel: +61 (0)8 9240 1933
    Email: gillardr@crcpl.com.au

    Company website: www.tigerresources.com.au


SOURCES LIMITED SUMMARY FACT SHEET - 2 JULY 2008 CORPORATE Board of Directors Reg Gillard, Non-Executive Chairman David Young, Managing Director Patrick Flint, Executive Director, Corporate Brad Marwood, Non-Executive Director Securities on issue (30 June 2008) 251,192,527 ordinary shares 22,400,000 options exercisable at A$0.50 and expiring on 31 May 2009 2,103,612 options exercisable at A$0.40 and expiring on 31 May 2009 12,250,000 incentive options held by directors and staff (exercisable at between A$0.25 and A$0.75 and expiring between December 2008 and April 2011) Share Price (52 week high-low) - A$0.94, A$0.255 Major shareholders: Macquarie Bank (8.5%), Orgaman sprl (6%), Mackenzie Financial (6%). Cash in bank (as at 30 April 2008): A$31.5million PROJECTS Tiger currently has an interest in eleven project areas; under three joint venture arrangements; covering approximately 1,800 square kilometres; all located in the world renowned African copper belt (Katanga province in the Democratic Republic of Congo). Kipoi Project (Tiger acquiring 60% interest) The Kipoi Project is located 75km northwest of Lubumbashi (the capital of Katanga Province) in the central part of the African copper belt. Local infrastructure is excellent. The project covers an area of 55 square kilometres and contains a 12km long extensively Copper-Cobalt mineralised segment of Roan (R4, R2) sediments. The project hosts five known copper deposits Kipoi Central, Kipoi North, Kileba, Judeira and Kaminafitwe, and a large part of the project remains untested. No drilling had been undertaken on the Kipoi Project prior to Tiger's involvement. Since December 2006 Tiger has completed approximately 20,000 metres of drilling at Kipoi Central. Significant intersections include 109m @ 8.3% Cu and 0.2% Co, 125m @ 7.1% Cu and 0.15 Co, 88m at 7.9% Cu and 0.3% Co. A maiden JORC inferred resource was estimated in March 2008 for Kipoi Central of 13.4Mt at 3.3% Cu for 439,000 tonnes of contained copper, 20,000 tonnes of cobalt and 1,416,000 ounces of silver. This includes a high grade component of Inferred Resource of 3.2Mt at 7.2% Cu containing 230,000 tonnes of copper, 5,200 tonnes of cobalt and 441,000 ounces of silver which is expected to enable Tiger to fast track the project into production. The Kipoi Central deposit remains open to the south and the west. Tiger has recently completed a 25x25m infill programme. A revised resource estimate for the high grade component to upgrade the previous resource classification level is scheduled for mid July 2008. A definitive feasibility study for the high grade component of the deposit is scheduled for completion in July 2008. Tiger is initially targeting annual production of 32,000 tonnes of blister copper (Stage 1 development) over an initial 3 year period commencing early 2010 from a conventional open pit mining operation at a production rate of 900,000tpa with a head grade of 6.8% copper. On the satisfactory completion of the DFS Tiger intends to immediately commit to a feasibility study to evaluate the economic viability of constructing an SXEW plant (Stage 2 development) producing 75,000tpa of cathode copper. Resource drilling has also been undertaken at the Kipoi North (1 km north of Kipoi Central) and Kileba (7 kms southeast of Kipoi Central) deposits. Results at Kipoi North include 66.5m @ 4.97% Cu, 31.7m @ 3.7% Cu and 56.5m @ 3.1% Cu. An initial resource estimate is planned for August 2008. Results at Kileba include 131.5m @ 2.2% Cu, 35.0m @ 3.7% Cu and 36.5m @ 3.0%. An initial resource estimate is planned for late 2008. Tiger is targeting resources of at least 1 million tonnes of contained copper metal at Kipoi by the end of 2008. Lupoto Project (Tiger earning 70% interest) The Lupoto Project is located approximately 15km to the south of the Kipoi Project area. The same structures and lithologies which host the Kipoi deposits have been identified as extending into the northeast of the Lupoto permit over a distance of at least 3km. Initial exploration identified three high priority soil anomalies: Sase, Kapampala and Mwana. Aircore drilling at Sase has delineated significant copper mineralization over an area of 450m by 100m. Results include 67m @ 2.83% Cu and 0.19% Co, 51m @ 1.50% Cu and 34m @ 1.15% Cu. Diamond drilling is currently in progress. Kolwezi Project (Tiger earning 65% interest) The Kolwezi Project (Pumpi Prospect) is located 45 km east of Kolwezi in the Katagan Province of the DRC, and is immediately adjacent to Freeport-McMoRan's Tenke Fungurume concession, which hosts the world's largest undeveloped high grade copper deposit. The same structural elements and stratigraphic units that host the Tenke Fungurume copper deposit are interpreted to extend into the Pumpi Prospect and are being tested by diamond drilling. RC and Diamond drilling programmes have been undertaken at the Pumpi Prospect in 2008. Significant downhole intersects of both copper and cobalt mineralisation were reported for most of the RC holes. Better RC results include 28.0m @ 1.6% Cu and 0.57% Co, 81.0m @ 1.4% Cu and 0.36% Co (including 22m @ 2.25% Cu & 14m @ 0.72% Co) and 35.0m @ 0.53% Co. Assay results for the first 11 diamond holes completed to date are yet to be received, however visible malachite mineralisation was logged in 10 of the holes. Logging of the diamond holes also confirms the existence of two and possibly three broad zones Cu - Co mineralisation with oxide copper mineralisation and cobalt mineralisation extending from surface to at least 150m below surface. Diamond drilling is currently in progress. Corporate Office Ground Floor, 30 Ledgar Road, Balcatta, Western Australia 6021 Phone: +61 (0)8 9240 1933 Fax: +61 (0)8 9240 2406 Forward-looking statements Statements contained in this document that are not historical facts are forward-looking statements which involve risks and uncertainties, which may cause actual results to differ materially from those expressed in the forward-looking statements. These forward-looking statements are not guarantees or predictions of future performance. Qualified Persons Information in this news release that relates to mineral resources of the Kipoi Project has been derived from the Kipoi Technical Report, prepared by Rick Adams and Terje Hansen. Messrs Adams and Hansen are directors of Cube Consulting Pty Ltd and are independent of Tiger. Messrs Adams and Hansen, are members of the Australasian Institute of Mining and Metallurgy (AusIMM) and are qualified persons under NI 43-101. Messrs Adams and Hansen consent to the inclusion in this news release of this information in the form and context in which it appears. For further information regarding the Kipoi Project, please refer to the report entitled "Kipoi Project in the Democratic Republic of Congo" dated 20th March 2008 (the "Kipoi Technical Report") prepared in accordance with National Instrument 43-101 - "Standards of Disclosure for Mineral Projects" ("NI 43-101") filed under Tiger's profile on SEDAR at www.sedar.com. For further information regarding the Lupoto Project and the Kolwezi Project, please refer to the report entitled "Aurum JV Project The Democratic Republic of Congo Independent Technical Report" dated March 2008 prepared in accordance with NI 43-101 filed under Tiger's profile on SEDAR at www.sedar.com. Scientific or technical information in this news release other than that relating to mineral resources of the Kipoi Project 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 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 NI 43-101. Mr Young has verified the data disclosed in this news release, including sampling, analytical and test data underlying the information or opinions contained in this news release. 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 news release were prepared by the independent laboratory, ALS Chemex, Western Australia.

For further information:

For further information: Investor Contacts: David Young, Managing
Director, Tel: +61 (0)8 9240 1933, Email: dyoung@tigerez.com; Richard Taylor,
Investor Relations, Tel: +61 (0)8 9240 1933, Email: rtaylor@tigerez.com;
Website - www.tigerresources.com.au

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