White Tiger Mining Corp.

White Tiger Mining Corp.

July 22, 2014 15:17 ET

White Tiger Announces Changes to Management and Its Board of Directors and Increased Focus on the Development of Its Marshall Lake Property Project, Ontario

VANCOUVER, BRITISH COLUMBIA--(Marketwired - July 22, 2014) - White Tiger Mining Corp. (the "Company" or "White Tiger") (TSX VENTURE:WTC)(FRANKFURT:W0I) is pleased to announce the appointment of Brian Kynoch and Paul Champagne as Directors, Edward Yurkowski as interim President and Chief Executive Officer and Jimmy Mah as Chief Financial Officer and Corporate Secretary.

About Brian Kynoch:

Brian Kynoch is the president and a director of Imperial Metals Corporation. Brian's career in mining has encompassed all aspects of exploration, permitting, development, commissioning, operation and reclamation of numerous mines and mineral properties, including Mount Polley, Huckleberry, Sterling, Red Chris, Nickel Plate, Goldstream and Castle Mountain mines. Brian is a Civil Engineer (B.Ap.Sc. UBC) and a member of the Association of Professional Engineers of BC and the Canadian Institute of Mining and Metallurgy.

About Paul Champagne:

Paul Champagne is the president of Champco Capital Corp., a private investment company, and a director of Atacama Pacific Gold Corporation. Paul was previously a director of Baffinland Iron Mines Corporation and CMQ Resources Inc. Paul received his Bachelor of Commerce degree from the University of Manitoba in 1982, his Chartered Accountant designation in 1986 and a Chartered Business Valuator designation in 1990.

About Edward Yurkowski:

Edward Yurkowski has been a director of the Company since June 2009 and is a founder and the chief executive officer of Procon Mining and Tunnelling Ltd., a Vancouver based full-service mining contractor with operations in North America and other continents. Ed received his Bachelor of Science in Civil Engineering from the University of Saskatchewan in 1971 and holds a number of directorships with various mining companies, including Imperial Metals Corporation.

About Jimmy Mah:

Jimmy Mah is a Chartered Professional Accountant, with a broad range of mining industry experience, including budget and cost management, corporate governance, government and securities compliance, taxation, enterprise resource planning and information systems implementation. During his 16-year career, Jimmy has held senior management positions, including chief financial officer, in a number of public and private companies.

With these additions to White Tiger's management and board, the Company intends to increase its focus on the continued development of its Marshall Lake property, which is an advanced exploration stage copper, silver and gold project located 120 km north of Geraldton, Ontario. In connection with the above appointments, Douglas Mason (former Chief Executive Officer and director), Ronald Coombes (former President and director), Sead Hamzagic (former Chief Financial officer and director) and Bruce Morley and Andrzej Kowalski (each a former director) have voluntarily resigned from these positions with the Company. To assist the Company following these changes in management, Ronald Coombes has agreed to provide consulting services to the new management team.

"Since 2010, we, as previous management, have accomplished a great deal as we successfully explored, developed, expanded and strategically enhanced the Company's Marshall Lake property project. At this stage, we recognize that the Marshall Lake property project will benefit from the future contributions of the new management team, that are expected to bring their mining expertise and capital raising abilities to the project which we believe will be beneficial for future shareholder value," said Douglas L. Mason, former Chief Executive Officer of White Tiger.

Mr. Yurkowski stated, "I would like to thank the previous management and directors of White Tiger for their significant contributions to the Company over a number of years. The reconstitution of the Company's board and management earlier today is an important milestone in the continued development of the Company's Marshall Lake property project and will place the Company in a better position to maximize shareholder value."

White Tiger has the option to earn a 50% interest in the Marshall Lake property project from Rainy Mountain Royalty Corp. ("Rainy Mountain") (TSX VENTURE:RMO) and Marshall Lake Mining PLC ("MLM") by spending $4 million in exploration expenditures over 5 years and issuing 2 million shares over 4 years to Rainy Mountain. As well, White Tiger has the additional option to increase its interest to 75% by incurring such additional expenditures as are necessary to take the project to bankable feasibility stage. As at April 30, 2014 (the Company's most recent financial statement reporting date), White Tiger has earned a 25% joint venture interest in the Marshall Lake property project.

White Tiger Mining Corp.

Edward Yurkowski, President and CEO

The TSX Venture Exchange has not reviewed this news release and does not accept responsibility for the adequacy or accuracy of this release. This news release includes certain statements that may be deemed "forward-looking statements". All statements, other than statements of historical facts, that address such matters as future exploration, drilling, exploration activities, potential mineralization and resources and events or developments that the Company expects, are forward looking statements and, as such, are subject to risks, uncertainties and other factors of which are beyond the reasonable control of the Company. Although the Company believes the expectations expressed in such forward-looking statements are based on reasonable assumptions, such statements are not guarantees of future performance and actual results or developments may differ materially from those in forward-looking statements. Factors that could cause actual results to differ materially from those in forward-looking statements include such matters as market prices, exploitation and exploration results, continued availability of capital and financing, and general economic, market or business conditions. Any forward-looking statements are expressly qualified in their entirety by this cautionary statement. The information contained herein is stated as of the current date and subject to change after that date.

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