Red Tiger Mining Inc. announced that it has amended its senior secured loan between Minerales Libertad, S.A. de C.V. and Gerald Metals S.A. Under the terms of the amendment: Gerald Metals has loaned Minerales an additional USD 400,000 for general working capital purposes. Tranche 1 under the Amended and Restated Loan Agreement has been split into Tranche 1A and 1B. Principal debt of USd 500,000 has been moved from Tranche 2 under the Amended and Restated Loan Agreement, to Tranche 1A.

Pursuant to the amendment, Tranche 1A consists of USD 3,769,207 principal outstanding plus interest thereon. Tranche 1B consists of USD 400,000. The interest rate on Tranches 1A, 1B and 2 is 13% per annum.

The company is relying on the exemptions from the valuation and minority shareholder approval requirements of MI 61-101 contained in sections 5.5(a) and 5.7(a) of MI 61- 101 in respect of such participation.