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TIGER RESOURCES LIMITED September 2012 Brad Marwood, Managing Director

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Forward Looking Statements

This presentation contains forward looking information, which is based on assumptions and judgments of management regarding future

events and results. Such forward looking information, including but not limited to information with respect to the potential expansion of

resources at Kipoi, production and expected recoveries from the Stage 1 mining, HMS and spiral system operation, and development of

a Stage 2 SX-EW plant at Kipoi, involves known and unknown risks, uncertainties, and other factors which may cause the actual results,

performance or achievements of the Company to be materially different from any anticipated future results, performance or

achievements expressed or implied by such forward looking information. Such factors include, among others, the actual market prices

of copper and cobalt, the actual results of current exploration, the availability of equity and debt financing, the volatility currently being

experienced in global financial markets, the actual results of future mining, processing and development activities, changes in project

parameters as plans continue to be evaluated, as well as those factors disclosed in the Company's filings, is available under the

Company’s profile on SEDAR at www.sedar.com.

Competent Person Statement

The information in this report that relates to Exploration Results, Mineral Resources or Ore Reserves is based on information compiled

by Mr. Brad Marwood, who is a Fellow of The Australasian Institute of Mining and Metallurgy. Mr Marwood is a Director and full-time

employee of the Company. Mr Marwood has sufficient experience which is relevant to the style of mineralisation and type of deposits

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’. Mr Marwood consents to the inclusion in

the report of the matters based on his information in the form and context in which it appears.

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Disclaimer

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Corporate Snapshot

Corporate Snapshot

ASX / TSX Code TGS

Shares on Issue 673.5 million

Share Price A$0.34

Market Capitalisation A$232 million

Options / Performance Rights on Issue 43 million

(Exp. Dec 12 – May 15

Cash, Receivables & Conc. Inventory (31-Aug-12)

US$36.7 million

Debt (Trafigura facility) US$10.5 million

Major Shareholders Undiluted Fully Diluted

Trafigura 26% 28%

JP Morgan 4% 4%

Fidelity Group 3% 3%

Contango Asset Mgt 3% 3%

Acorn Capital 3% 3%

Macquarie Bank 3% 3%

Directors 1% 2%

ASX Share Price Performance

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Board of Directors

Neil Fearis Non Executive Chairman

Brad Marwood Managing Director

Rhett Brans Non Executive Director

Darryll Castle Non Executive Director

Jesus Fernandez Non Executive Director

David Constable Non Executive Director

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Democratic Republic of Congo (DRC)

First democratically elected Government in 2007

Joseph Kabila re-elected President in November 2011

Stable government following recent Presidential elections

Multilateral presence – UN, World Bank and IMF.

Mining reviews completed in 2009.

OHADA legal system.

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Source: CIBC Global Mining Group May 2011

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Katanga Copper Belt – Key Deposits

M&A activity within last 3 years Kipoi Project location

1 Kamoa - Ivanplats 2 KOV Complex - Katanga 3 Kulu – MMG 4 Kolwezi Tailings – ENRC 5 Kalukundi – Africo 6 Tenke Fungurume – Freeport/Lundin 7 Mukondo – ENRC 8 Shituru – Shanghai Pengxin 9 Dikulushi & Kapulo – Mawson West 10 Kipoi – Tiger 11 Kinsevere – MMG 12 Kalumines – ARM/Vale 13 Ruashi & Etoile – Jinchuan 14 Sentinel – FQM 15 Lumwana – Barrick Gold 16 Kansanshi – FQM 17 Mutoshi & Kinsenda – Jinchuan 18 Konkola North – ARM/Vale 19 Nama – Caledonia 20 KCM – Vedanta 21 Nchanga – KCM 22 Chambishi – ENRC 23 Mufulira – Mopani 24 Nkana – Mopani 25 Frontier – ENRC 26 Chibuluma – Jinchuan 27 Baluba – Luanshya Copper Mines plc 28 Luanshya – CNMC 29 Lonshi – FQM

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Tiger Strategy

STRATEGY

1 Kipoi Stage 1 – low capital, high margin 35ktpa Cu HMS Plant – IN PRODUCTION

2 Kipoi Stage 2 – 50ktpa Cu SX-EW – DFS DUE Q4 2012

3 Phased Stage 2 development – funded through Stage 1 free cash flow

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Kipoi Stage 1 – HMS Ramp Up

HMS plant consistently exceeding nameplate production of 35,000tpa.

Production of 3,506t in March, 3,020t in April, 3,360 in May, 3,853t in June, 3,361t in July and

3,002t in August.

Concentrate grade exceeding target of 25% Cu.

Export sales commenced in June 2012

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Copper (t) Ore Processed (t)

Ore Processed Cu Produced Nameplate

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Self-funded Growth Profile

1. Stage 2 SX-EW operating costs are based on a Scoping Study and are subject to a DFS 2. Stage 2 SX-EW capital expenditure is based on revised forecasts completed in conjunction with the DFS 3. Free cashflow is based on 100% of the Kipoi Project and excludes exploration, interest, tax and corporate payments 4. Copper price based on June 2012 Consensus Economics forecast

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Kipoi Definitive Feasibility Study

KIPOI STAGE 2 SX-EW DFS UPDATE

1 Development proposed to commence Q4 2012

2 Acid consumption confirmed bottom 25%, Kipoi Central 7kg/t

3 Operating costs forecast less than $1.00/lb, start-up at $0.70/lb

4 Increased copper recovery

5 Mine life plus 9 years

6 Initial capital cost $154M

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SX-EW Flowsheet

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Kipoi SXEW Capex Schedule

Stage Capex Status

HMS Plant – 35ktpa in concentrate $34m In production

SXEW Phase 1 – 25ktpa HL $154m Commence Q4 2012 In production Q2 2014

SXEW Phase 2 – 50ktpa HL $70m Commence Q3 2014 In production Q2 2015

SXEW Phase 3 – Tank leach $93m Commence Q4 2014 In production Q1 2016

SXEW Sustaining capex $49m LOM

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2012 Exploration Program

$13m exploration budget

10 diamond rigs and 1 RC rig on site moving to 4 DD and 1 RC October 2012

Resource classifications drilling for Stage 2 DFS completed, extension drilling results awaited.

Significant high grade intersections at Kileba:

- 149m @ 3.55% Cu

- 124m @ 3.44% Cu

- 107m @ 1.61% Cu

Judeira, Kaminafitwe and Sase South exploration drilling programs commenced in 3Q 2012

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World Class Exploration Potential

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Kipoi Mining Licence (55km2)

12km main structure in Blue Flagship Kipoi Project extremely well positioned on the Katanga Copper Belt, DRC.

Stage 1 mining focused on the higher grade reserve at Kipoi Central producing 35ktpa Cu until 2014.

Stage 2 SX-EW operation to source ore from Kipoi Central, Kipoi North and Kileba to produce 50ktpa Cu, DFS due late 2012.

Resource of 49.0Mt at 1.7% Cu for 834kt contained Cu (mining depleted)

Reserve of 2.7Mt at 7.0% Cu for 188kt contained Cu.

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Kipoi Central Structural Understanding

TIL SLT

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Kipoi Central High Grade Lenses

Kipoi Central

Stage 1A Stage 2 Stage 1B Mineralisation

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Kileba

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Kipoi North Cross Section

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Kipoi North

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Judeira South

Judeira South Cross Section Judeira South Collar Plan

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Located 10km south of Kipoi and accessed via a direct road.

Mwana, Mwana East and Kapampala are primary ore targets.

Sase South oxide and primary ore target.

2012 drilling program will focus on Sase South with 5,500m drilling planned.

Resource of 14.7Mt at 1.4% Cu for 200kt contained Cu.

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Lupoto Prospecting Licence (140km2)

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Tiger to acquire a 19.9% interest

Appoint 1 representative to the board

Joint technical committee

First right to acquire assets, subject to maintaining 19.9% interest

Shikila and Kabwima projects strategically located in the Zambian Copperbelt

Within 200km radius of Tiger’s exploration base at Lubumbashi

Mwongo project is 5km from the recent Blackthorn Resources discovery at Kitumba (187Mt at 1.14% Cu)

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Chrysalis Strategic Alliance

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Corporate Responsibility

RIMHOP – Women & Children Health initiative, ECU programme

Hospital fit out assisted by NGO’s

Two Schools, power, internet, university supported programmes

Commercial farming lots 500Ha staples for 5,000 people

Co-ordinated focus with community, elders and leaders

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Research Commentary

Broker Rating Price Target

Bell Potter BUY $0.85

Foster Stockbroking BUY $0.85

RFC Ambrian BUY $0.85

Cannacord BGF BUY $0.90

Patersons Securities BUY $0.76

PCF Securities BUY $0.61

GMP Securities BUY $0.50

Source: Bloomberg

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Peer Chart

Nb: 1. Size of bubbles represents contained copper resource 2. Stage 2b production dependent upon exploration success 3. Per Stage 1 HMS DFS payability will be 42% 4. Stage 1 HMS C1 cost is exclusive of payability factor Source: Foster Stockbroking

OZL – OZ Minerals TGS – Tiger Resources PNA – PanAust SFR – Sandfire Resources RXM – Rex Minerals

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PNARXM

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TGSSt 1 (HMS)

SRQHGOFND

DML– Discovery Metals FND – Finders Resources AOH – Altona Mining HGO – Hillgrove Resources MMG – Minmetals, previously Anvil Mining SRQ – Straits Resources

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Further Information

Brad Marwood

Managing Director

Tel: (+61 8) 6188 2000

Email: bmarwood@tigerez.com

Stephen Hills

Chief Financial Officer

Tel: (+61 8) 6188 2000

Email: shills@tigerez.com

Nathan Ryan

Investor Relations

Tel: (+61 0)420 582 887

Email: nryan@tigerez.com

Company website: www.tigerresources.com.au

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Kipoi resources represent 847kt of contained Cu (depleted to 31 March 2012)

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Appendix 1: Detailed Kipoi Resource

Kipoi Resource Type Mt Cu Grade Co Grade Cu (kt) Co (kt)

Kipoi Central Measured 5.4 3.9% 0.1% 211 7.6

Kipoi Central Indicated 20.5 1.6% 0.1% 327 14.5

Kileba Indicated 8.6 1.5% 0.05% 128 4.6

Total Measured and Indicated 34.5 1.9% 0.1% 666 27

Kipoi Central Inferred 7.9 1.0% 0.1% 82 9

Kipoi North Inferred 5.3 1.4% 0.05% 72 3

Kileba Inferred 2.2 1.2% 0.04% 27 1

Total Inferred 15.4 1.2% 0.04% 181 13

Kipoi High Grade Zone (included in Kipoi Central above)

Type Mt Cu Grade Co Grade Cu (kt) Co (kt)

Kipoi Central Measured 1.84 7.3% 0.2% 134 3

Kipoi Central Indicated 0.47 5.1% 0.2% 24 1

TOTAL 2.31 6.8% 0.2% 158 4

Notes: 1. Mineral Resource depleted to 31 March 2012 2. Kipoi Central High Grade Zone (Mineral Reserve) depleted to 31 December 2011

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Appendix 2: Scoping Study Parameters

Cost US$/a

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$/lb

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Mining - - -

Process Plant 45.182 27.11 0.41

General & Administration 11.400 6.84 0.09

Marketing & Product Transport 10.619 6.37 0.11

Export Costs 1.847 1.11 0.02

Total 69.048 41.43 0.63

Cost US$/a

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$/lb

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Mining 28.365 6.30 0.31

Process Plant 46.554 10.35 0.50

General & Administration 11.400 2.53 0.12

Marketing & Product Transport 10.619 2.36 0.12

Export Costs 1.847. 0.41 0.02

Total 98.785 21.95 1.07

Operating Costs • Costs are estimated to an accuracy of +-30% including contingency, are unescalated, exclusive of duties and taxes, and expressed in

US dollars.

• The operating costs will be $0.63/lb during the initial three years of operations, during which the stockpiles from the Stage 1 HMS operation will be treated. Thereafter, Run-of-Mine (ROM) material will be processed at an average operating cost of $1.07/lb. The average LOM operating cost is US$0.92/lb.

• The low gangue acid consumption of the Kipoi deposits, coupled with the low cost of electricity, results in process operating costs within the lowest quartile of industry standards.

Table 3: Operating Cost Summary (Initial 3 Years) Table 2: Operating Cost Summary (ROM)

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• Open along strike and at depth • Significant high grade mineralisation • Drill intersections up to 75 metres at 5.94% copper

Classification Category Tonnes (mt) Copper (%) Cobalt (%) Copper (000't) Cobalt (000't)

Indicated Oxide 2.1 1.7 0.1 35 2

Transitional 0.6 1.5 0.0 9 0

Fresh 0.4 1.2 0.0 5 0

Total- Indicated 3.1 1.6 0.1 49 2

Inferred Oxide 1.7 1.4 0.1 23 1

Transitional 2.4 1.3 0.0 32 1

Fresh 7.5 1.3 0.0 96 3

Total- Inferred 11.6 1.3 0.0 151 5

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Appendix 3: Detailed Sase Resource

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