29 March 2023

Metal Tiger plc

("Metal Tiger" the "Company" or the "Group")

Audited results for the year ended 31 December 2022

Posting of Annual Report

Metal Tiger plc (AIM: MTR, ASX: MTR), the AIM and ASX listed investor in natural resources opportunities, is pleased to announce its audited results for the year ended 31 December 2022. There has been no change to the financial results as released to the market on 28 February 2023.

A complete version of the Annual Report and Accounts can be found here:http://www.rns-pdf.londonstockexchange.com/rns/6744U_1-2023-3-29.pdf, and on the Company website: https://www.metaltigerplc.com/investors/financial-reports-accounts. Copies of the abovementioned document will be posted in accordance with the timetable below.

Highlights:

·   Registration of the Company as a small UK AIFM ("AIFM") under the Alternative Investment Fund Managers Regulations 2013 ("AIFMR").

·  Completed the sale of its remaining 49% interest in Kalahari Metals to Cobre thereby exiting projects division.

·   Equity Investments division reported a loss of £5.1m (before administration and interest costs), primarily driven by overall market conditions during the year and more specifically the decrease in value of the Company's investments in Sandfire together with the decreased dividend earned from Sandfire of £146,000 (2021: £1,538,000).

·  No incremental revaluation of the royalty over 2% net smelter return ("NSR") over circa 8,000km² of Sandfire's exploration tenements and in-particular the licence that holds the A4 project, which was a material contributor to the previous results of the Company (2021: £5,214,000)

·  The Company replaced its Margin Lending Facility with SC Lowy with an increased new A$15m Margin Lending Facility from a fund under the same Lender, allowing the Company to follow its rights in Sandfire's placement and enabling further acquisitions in Sandfire when deemed opportunistic.

·   Net current assets at the year end of £19.2m (2021: £24.1m).

·    Loss for the year before taxation of £6.7m (2021: profit of £4.2m).

Post Period:

·    Approval by the shareholders at a General Meeting on 20 March 2023 of a new investment policy.

·    Announced the cancellation of its admission to the AIM market, effective  31 March 2023, with the last day of trading of shares on the AIM market being the 30 March 2023.

·   Announced intention to change the name of the Company to Strata Investment Holdings shortly following the AIM Cancellation.

·   The Company has committed to subscribe to 6,666,667 Shares in Cobre at a placement issue price of A$0.15 per share, subject to Cobre shareholder approval. The meeting of the Cobre shareholders took place on the 24 March 2023, with the sought authority being approved; settlement of the subscription is due to take place imminently.

·   The Company reduced its net investment in Sandfire in the SC Lowy structure by 532,626 shares, realizing £1.8m.

Expected Timetable of Principal Events

Qualified Person's Statement

The technical information contained in this announcement has been read and approved by Mr Nick O'Reilly (MSc, DIC, MAusIMM, MIMMM,FGS), who is a qualified geologist and acts as the Qualified Person under the AIM Rules Note for Mining and Oil & Gas Companies. Mr O'Reilly is a Principal consultant working for Mining Analyst Consulting Ltd which has been retained by Metal Tiger plc to provide technical support

For further information on the Company, visit: www.metaltigerplc.com

Enquiries:

Enquiries:

Notes to Editors:

Metal Tiger PLC is admitted to the AIM market of the London Stock Exchange AIM Market ("AIM") and the ASX Market of the Australian Securities Exchange Market ("ASX") 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.

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.

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.