It has agreed to issue 78,500 incentive stock options at $0.50 per share to Waterhouse Management Corp., the principal of which is Ms Mavis Smith.

The terms and conditions of these options are consistent with the stock option issuance rules of the Vancouver Stock Exchange.

Waterhouse Management Corp. has been retained by Tiger International to provide fiscal consulting services.

The issuance of the incentive stock options are subject to the approval of the Vancouver Stock Exchange and the directors of Tiger International Resources Inc.