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viewMetal Tiger PLC

Announcement of Visual Drill Results by Cobre Limited

--(BUSINESS WIRE)--LONDON

12 February 2020

Metal Tiger plc

("Metal Tiger" or the "Company")

Announcement of Visual Drill Results byCobre Limited

(AIM:MTR), the London Stock Exchange AIM listed investor in natural resource opportunities, is pleased to announce that (“ (ASX:CBE), the copper exploration company focussed on exploring the , in which Metal Tiger has an 19.99% interest, has announced that the first diamond core drill hole at the Schwabe Prospect has been completed.Metal Tiger plcCobre LimitedCobre”)Perrinvale Copper Project

The drill hole confirmed the presence of Volcanogenic Massive Sulphide (“VMS”) mineralisation that was encountered during Cobre’s initial exploration programme in . The initial reverse circulation hole, completed in 2019, at the Schwabe Prospect previously intersected 5m of very-high grade VMS mineralisation, including 9.75% copper, 3.2 g/t gold, 34g/t silver and 3.1% zinc from 50m depth.June 2019

In addition, two diamond drill holes at the Zinco Lago Prospect have been completed by with disseminated and stockwork base metal mineralisation observed in both core samples, which will now be sent for assaying.Cobre

Cobre’s full press release (including visuals) can be viewed using the following link:

https://www.asx.com.au/asxpdf/20200212/pdf/44f0q7v12jhdzz.pdf

, Chief Executive Officer of Metal Tiger, commented:Michael McNeilly

“This is an encouraging result for , confirming the presence of the VMS mineralisation at the Schwabe Prospect. Three more holes are planned to be drilled at Schwabe, with the next targeting the centre of the prospect and the final two holes targeting its margins to confirm the extent of mineralisation. In addition, we are pleased to note that drilling activities have progressed at Zinco Lago and look forward to announcing the assay results from the two diamond drill holes.”CobreCobre

Cobre Background

is an Australian based and focused exploration company seeking to create shareholder value through the successful exploration of base metal projects. It is the 80% owner of , which holds a group of tenements collectively referred to as the in central . , Chief Executive Officer of Metal Tiger, is a Non-Executive Director on the Board of . Further details on is available on their website: .CobreToucan Gold Pty LtdPerrinvale ProjectCobreCobreWestern AustraliaMichael McNeillyhttp://www.cobre.com.au

For further information on the Company, visit::www.metaltigerplc.com

Enquiries:

Notes to Editors:

is admitted to the AIM market of the London Stock Exchange AIM Market ("AIM") with the trading code MTR and invests in high potential mineral projects with a base, precious and strategic metals focus.Metal Tiger plc

The Company's target is to deliver a high return for shareholders by investing in significantly undervalued and/or high potential opportunities in the mineral exploration and development sector. Metal Tiger has two investment divisions: and Direct Projects.Direct Equities

invests in undervalued natural resource companies. The majority of its investments are listed on AIM, the TSX and the ASX, which includes its 3.5% interest in (ASX: SFR). The Company also considers selective opportunities to invest in private natural resource companies, typically where there is an identifiable path to IPO. Through the trading of equities and warrants, Metal Tiger seeks to generate cash for investment in the Direct Projects Division.The Direct Equities DivisionSandfire Resources NL

is focused on the development of its key project interests in , Kalahari copper/silver belt through its interest in . In , Metal Tiger has interests in two potentially near-production stage lead/zinc/silver mines as well as license applications and critical historical data covering antimony, copper, gold, lead, zinc and silver opportunities.The Direct Projects DivisionBotswanaThailandKalahari Metals Limited

The Company actively assesses new investment opportunities on an on-going basis and has access to a diverse pipeline of new opportunities in the natural resources and mining sectors. For pipeline opportunities deemed sufficiently attractive, Metal Tiger may invest in the project or entity by buying publicly listed shares, by financing privately and/or by entering into a joint venture.

Metal Tiger plc

Source:Metal Tiger plc

Michael McNeilly (Chief Executive Officer) Tel: +44 (0)20 7099 0738
Mark Potter(Chief Investment Officer)
Richard Tulloch

James Dance

Jack Botros

Strand (Nominated Adviser)Hanson LimitedTel +44 (0)20 7409 3494
Gordon Poole

James Crothers

Monique Perks

Camarco (Financial PR)Tel: +44 (0)20 3757 4980

Quick facts: Metal Tiger PLC

Price: 1.125

Market: AIM
Market Cap: £17.12 m
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