Metal Tiger plc (AIM: MTR), the London Stock Exchange AIM listed investor in natural resource opportunities, is pleased to provide an update in respect of the Botswana copper focused explorer, Kalahari Metals Limited ('KML'), in which Metal Tiger has a 62.2% equity interest.

KML is preparing to recommence drilling at the Kitlanya East ('KIT-E') Project by the end of June, as Botswana is now starting to gradually relax COVID-19 national lockdown restrictions. The KIT-E drilling programme, which is testing geological contacts and structures prospective for hosting copper-silver mineralisation (announced on 9 March 2020), had to be temporarily suspended on 2 April 2020 in compliance with COVID-19 related emergency legislation.

During the lockdown period, KML has taken the opportunity to re-model and interpret available data over the KIT-E property alongside the preliminary drilling results. Key findings from this assessment have refined follow-on drilling targets and shown there are many similarities with the geological setting of the neighbouring Sandfire Resources T3 and A4 deposits.

Michael McNeilly, Chief Executive Officer of Metal Tiger, commented: 'We are pleased to report that KML is planning to recommence the diamond drilling programme at their Kitlanya East Project on the Kalahari Copper Belt, by the end of the month, as the Botswana government gradually relaxes COVID-19 related lockdown restrictions.

Whilst site work had to go on hold, KML has taken the opportunity to incorporate the preliminary drilling datasets into the geophysical, remote sensing and geochemical models, updating and fine tuning the target interpretation that shows strong geological similarities with the neighbouring Sandfire Resources deposits.'

KIT-E Project Interpretation

During the Botswana lockdown period KML has incorporated the preliminary drilling data with the geophysical modelling, resulting in the following key observations: On a regional basis, the northern anticline target in KIT-E shares many similarities with the Sandfire Resources A4 copper deposit.

Modelling of the preliminary drill results with the airborne electromagnetic ('AEM') and magnetic data favour the development of thrust bounded local synclinal structures in more ductile lower D'Kar Formation ('DKF') carbonates, mudstones and siltstones, overlying a broader anticline with more competent Ngwako Pan Formation ('NPF') sandstone dominant sequences in the fold core.

Follow-on drilling will target the margins of these structures with a view to intersecting mineralisation in a similar setting to neighbouring Sandfire Resources T3 and A4 copper deposits.

Detailed remote sensing interpretation along with a review of historical soil sampling has identified further non-conventional targets which may represent thrusted anticlines of prospective lower DKF rocks providing potential trap-sites for copper mineralisation.

The KML interpretation has highlighted the structural potential for the northern KIT-E Project to host similar deposits to neighbouring targets on Sandfire Resources' licence holding, as well as more conventional anticline limb and hinge mineralisation in a similar setting to Cupric Canyon Capital's Banana Zone deposit.

Contact:

Michael McNeilly

Tel: +44 (0)20 7099 0738

Notes to Editors

Metal Tiger PLC 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.

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.

Equity 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 Sandfire Resources Limited (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.

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

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