White Tiger Gold Ltd.

White Tiger Gold Ltd.

December 31, 2010 08:00 ET

Common Shares of White Tiger Gold Ltd. to Commence Trading on TSX at Market Open on December 31, 2010

ROAD TOWN, TORTOLA, BRITISH VIRGIN ISLANDS--(Marketwire - Dec. 31, 2010) - White Tiger Gold Ltd. ("White Tiger Gold" or the "Company") (TSX:WTG) (formerly, SL Resources Inc.) is pleased to announce that it has satisfied all of the Toronto Stock Exchange (the "TSX") listing conditions and has received the final approval of the Toronto Stock Exchange to list the common shares of the Company on the TSX. The common shares of White Tiger Gold will commence trading on the TSX at the open of trading on Friday, December 31, 2010 under the symbol "WTG".

Mr. Max Finskiy, the Executive Chairman of the Board of White Tiger Gold, stated: "The listing on the TSX is an important step for White Tiger Gold on its way towards building a mid-tier gold producer with the development of its Russian gold assets and growth through external transactions. We expect that the TSX listing of White Tiger Gold will provide the Company with international market exposure and improved access to capital."

White Tiger Gold owns (through Diascia Investments Limited, its wholly-owned subsidiary incorporated in the Republic of Cyprus) the entire interest in Ildikangold, Dalsvetmet, LLC Koryakmining and Vostokzvetmet and 80% in LLC Geozvetmet (the Russian-based "OpCos").

White Tiger Gold will carry on the business of the OpCos, which consists of the acquisition, exploration, development and mining of mineral properties in the Russian Federation, including two material projects in eastern Russia: the Savkino Project and the Nasedkino Project. The initial and principal focus of White Tiger Gold will be to expand its gold production at the Savkino Project and to move forward with its plans to construct a new gold production facility at the Nasedkino Project. In addition, White Tiger Gold will continue its exploration activities on its other properties and licence areas with a view to discovering economically viable production sites. The Company will also actively seek, evaluate and acquire interests in other projects or business opportunities in the mineral exploration industry that are indicated to have substantial potential.

The Chief Executive Officer of the Company is Geoffrey Cowley, Andrew Robertson is the Chief Financial Officer, and Gary Artmont is the Chief Geologist.

The Company is well-funded. Recently, the Company completed a non-brokered offering of subscription receipts of the Company pursuant to which 24,830,210 Subscription Receipts were sold to various international investors for aggregate gross proceeds of CDN$24,830,210. Each Subscription Receipt has been automatically exchanged for one common share of the Company.

As of the date hereof, there are 114,630,210 common shares of White Tiger Gold issued and outstanding, of which 85,000,000 (approximately 74.2%) are held by DZM Gold Mining Ltd., a company controlled and wholly-owned, directly and indirectly, by Mr. Finskiy.

Forward-Looking Information

This news release contains or refers to forward-looking information. All statements, other than statements of historical fact, that address activities, events or developments that White Tiger Gold believes, expects or anticipates will or may occur in the future are forward-looking information. Such forward-looking information includes statements contained in this news release regarding: plans for the growth and development of the Company; the Company's anticipated access to capital; the Company's plans with respect to its material projects, other properties and licence areas and its intention to acquire interests in other mineral projects. Forward-looking information reflects the current expectations or beliefs of White Tiger Gold based on information currently available to it. Forward-looking information is subject to a number of risks and uncertainties that may cause the actual results of White Tiger Gold to differ materially from those discussed in the forward-looking information, and even if such actual results are realized or substantially realized, there can be no assurance that they will have the expected consequences to, or effects on, White Tiger Gold. Factors that could cause actual results or events to differ materially from current expectations include, but are not limited to: failure to successfully complete financings on favourable terms or at all; capital and other costs varying significantly from estimates; production rates varying from estimates; changes in gold prices, uncertainties relating to the availability and costs of financing needed in the future; unexpected geological conditions; imprecision in resource and reserve estimates; success of future development initiatives; competition; operating performance of facilities; environmental and safety risks; delays in obtaining or failure to obtain necessary permits and approvals from government authorities; failure to identify and/or acquire additional mineral properties or projects with economic potential; and other factors. Any forward-looking information speaks only as of the date on which it is made and, except as may be required by applicable securities laws, White Tiger Gold disclaims any intent or obligation to update forward-looking information, whether as a result of new information, future events or results or otherwise. Although White Tiger Gold believes that the assumptions inherent in the forward-looking statements are reasonable, forward-looking statements are not guarantees of future performance and accordingly undue reliance should not be put on such statements due to the inherent uncertainty therein.

Contact Information

  • White Tiger Gold Ltd.
    Geoffrey Cowley
    Chief Executive Officer
    +44 783 344 5961
    Craigmuir Chambers, P.O. Box 71
    Road Town, Tortola, British Virgin Islands