The VSE has accepted for filing an option agreement between Tiger International Resources Inc (the company) and Anthony Francis Greve LeBrun, James Fraser Allender and Inca Resources Pty Ltd to acquire an interest in a property known as the Springfield project area, identified as Springfield EL 1771 and Glen Oak ELA 324-93 in South Australia. Under the agreement, the company may earn up to 80% legal and beneficial interest in the property by making the following payments to the vendors and expenditures on the property:

a) The company can earn an initial 10% in the property by incurring expenditures of A$200,000 on the property;
b) A further 60% interest can be obtained by making expenditures of A$1,050,000 on the property; and
c) A final 10% interest can be acquired by paying to the vendor A$1,000,000 in cash or in shares of the company, at the option of the vendors.

The company has also entered into a finder's fee agreement dated September 1 1997 with John B. Roger, corporate consultants, with respect to the above property. Under the agreement, the company must pay a 5% finder's fee with respect to expenditures made in stages on the property to a maximum of A$1,250,000. A finder's fee of A$10,950 will be paid for the first stage of exploration planned.

Patric Barry
President
Tiger International Resources Inc.