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President’s Letter - August 2011

Dear Tiger Shareholders:

Tiger gained official issuance of the license at The Esperanza Gold Project this year. Our company now has the rights to explore and develop the project, and plans to apply separately to the local county for interim processing approval so we can conduct a “run of mine production”.

Previously reported was Tiger’s success in obtaining issuance of the mineral rights of the Esperanza Gold Project in the Philippines, formally called EXPA 0006. The mineral rights for our project were formally granted to our subsidiary in January 2008, subject to obtaining the consent of the indigenous people in the area. Several community meetings were held and the project described to the local residents, surface rights holders and elders, and their consent was granted. The issuance of the license is the final blessing of all the approvals gained along the way, and secures the mineral rights for the company.

The project is located in the north of the Philippines 11 kilometers outside Baguio, a mountain resort city, and is situated along the Baguio Gold Belt on the Philex Mine Road, an improved cement public road. Infrastructure is excellent, water, electricity and phone are available on site, and there is evidence of prior gold production. Prior data, including drill results, developed by earlier companies has been located and studied. Our plan is to angle drill and sample old drill targets and trenches to confirm prior results and analyze tailings from prewar production. At this time there is no compliant reserve analysis or estimate. Tiger, through its Philippine subsidiary, owns 100% of the processing rights to Esperanza. We recently learned that Omico has partnered with Ivanhoe Canada and is drilling near our west boundary. Indophil, a listed Australian company, is drilling on our north east boundary and reporting good results. As these companies release results we will learn from their efforts since our project is located between them.

The excitement of these recent developments is encouraging and the company has updated the 43-101 property report which is filed on SEDAR and in the Projects section of this website. Before commencing drilling we are mapping the property so compensation agreements can be completed with surface rights holders. More updates will be announced as news develops.

Management is attending community presentations this month to update the local people on the development plans for the project. These are formalities which simply update local officials (local Barangay council and similar community organizations) as to the plans for development so that the community is informed.

Sincerely,
Tiger International Resources Inc.

sig_pat.jpg

Patric Barry
President, Tiger International Resources Inc.
E-Mail: 26981@sbcglobal.net
(949) 362.1600

 

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