Tiger International Resources Inc. (TGR.V) announces that it has reached an agreement with North American Capital Funding Inc. for a special warrant financing of $200,000, comprising the issuance of 400,000 shares at $0.50 per share, and a warrant for two years at an exercise price of $0.50 in the first year, and $0.55 in the second year, subject to the following conditions:

     subject to due diligence by the placee of Tiger's Australian diamond project, such due diligence to be completed by March 30, 1999.
     Approval by the Board of Directors of Tiger International, and the Vancouver Stock exchange.
     The agreement is cancelable by Tiger until the placement has been approved, and placee's due diligence has been signed off, should Tiger obtain an acceptable offer of financing at a higher price.

Tiger International has 4,159,823 shares on issue, and with this financing will have issued 4,559,823 shares.

Use of proceeds will be directed towards further continuing work on Tiger's diamond exploration and development project named the South Flinders Ranges Diamond Project in South Australia. Tiger anticipates that it will perform a bulk sample on the project in mid year, and has earmarked the funds for this portion of the project.

On behalf of the Board of Directors,

Patric Barry
President
Tiger International Resources Inc.