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viewMetal Tiger PLC

Investment in Canyon Resources Limited (ASX:CAY)

--(BUSINESS WIRE)--  LONDON

Metal Tiger plc

(“Metal Tiger” or the “Company”)

Investment in (ASX:CAY)Canyon Resources Limited

(AIM: MTR), the London Stock Exchange AIM listed investor in natural resource opportunities, is pleased to announce that it has subscribed for 3,000,000 shares in (“Canyon”), at a price of per share, for a total investment of (approximately £165,000), as part of Canyon’s fundraise of announced on (the “Fundraise”). Following completion of the Fundraise, Metal Tiger will hold 3,000,000 shares in Canyon, representing approximately 0.5% of Canyon’s then issued share capital.Metal Tiger plcCanyon Resources LimitedA$0.10A$300,000A$10 million31 August 2020

Canyon is an ASX listed exploration and development company focussed on developing the world-class Minim Martap bauxite project in , which contains nearly 900 million tonnes of high-grade, low contaminant bauxite and has exploration upside potential. The potential of Minim Martap is underpinned by a pre-feasibility study which supports the project’s potential as a long-term producer of high quality, low contaminant bauxite via multi-stage development.Cameroon

For the year ending , Canyon reported a net loss of and, as at , Canyon reported net assets of .30 June 201931 December 2019A$8.26 millionA$13.82 million

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

Mark Potter

(Chief Executive Officer)

(Chief Investment Officer)

Tel: +44 (0)20 7099 0738

Richard Tulloch

James Dance

Jack Botros

Strand (Nominated Adviser)Hanson Limited

Tel +44 (0)20 7409 3494

Paul Shackleton

Steve Douglas

Arden Partners plc (Broker)

Tel: +44 (0)20 7614 5900

Gordon Poole

James Crothers

Hugo Liddy

Camarco (Financial PR)

Tel: +44 (0)20 3757 4980

Quick facts: Metal Tiger PLC

Price: 23.3

Market: AIM
Market Cap: £35.72 m
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