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viewMetal Tiger PLC

Investment in Sable Resources Ltd. (TSXV:SAE)

--(BUSINESS WIRE)--  LONDON

27 August 2020

Metal Tiger plc

("Metal Tiger" or the "Company")

Investment in (TSXV:SAE)Sable Resources Ltd.

(AIM:MTR), the London Stock Exchange AIM listed investor in natural resource opportunities, is pleased to announce that it has subscribed for 2,333,333 units in (“Sable”), at a price of per unit, for a total investment of (approximately £202,000) as part of Sable’s fundraise of up to announced on (the “Fundraise”). Each unit consists of one common share in Sable and one-half of one common share purchase warrant exercisable at a price of for a period of 36 months following the closing date of the Fundraise (being ). Following completion of the Fundraise, Metal Tiger will hold 2,333,333 shares in Sable, representing approximately 1.05% of Sable’s then issued share capital.Metal Tiger plcSable Resources Ltd.C$0.15C$350,000C$9.0 millionC$0.2017 August 202010 September 2020

Sable is a TSXV listed precious and base metals explorer in with 1.2m hectare land package. Sable has projects in (Margarita & Vinata Projects, ), ( and ), and (). The main project of interest is the in , , where historical assays demonstrate high grade silver. For the year ending , Sable reported a net loss of . As at , Sable reported net assets of .Latin AmericaMexicoArgentinaPeruSan JuanArgentinaEl Escarpe ProjectEl Fierro ProjectScorpius ProjectEl Fierro ProjectDon Julio Cluster31 December 201931 March 2020C$3.54mC$7.85m

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: Equity Investments and Project Investments.

invests in undervalued natural resource companies. The majority of its investments are listed on AIM, the TSX and the ASX, which includes its 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 for the Project Investments division.Equity InvestmentsSandfire Resources Limited

is focused on the development of its key project interests in , where Metal Tiger has a growing interest in the large and highly prospective Kalahari copper/silver belt through its interest in .Project InvestmentsBotswanaKalahari 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

 

Strand (Nominated Adviser)Hanson Limited

 

Tel: +44 (0)20 7409 3494

James Dance

Jack Botros

 

Paul Shackleton

 

Arden Partners plc (Broker)

 

Tel: +44 (0)20 7614 5900

Steve Douglas

 

Gordon Poole

 

Camarco (Financial PR)

 

Tel: +44 (0)20 3757 4980

James Crothers

Hugo Liddy

Quick facts: Metal Tiger PLC

Price: 23.3

Market: AIM
Market Cap: £35.72 m
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