White Tiger Mining Corp.
TSX VENTURE : WTC
FRANKFURT : W0I

White Tiger Mining Corp.

May 06, 2011 11:35 ET

White Tiger Announces Non Brokered Private Placement

WEST VANCOUVER, BRITISH COLUMBIA--(Marketwire - May 6, 2011) - White Tiger Mining Corp. (the "Company" or "White Tiger") (TSX VENTURE:WTC)(FRANKFURT:W0I) announces that, subject to regulatory approval, it intends to proceed with a non-brokered private placement (the "Private Placement") to raise up to $1,500,000 by the issuance of up to 5,000,000 non-flow through units (the "Units") at $0.30 per Unit. Each Unit will consist of one common share and one-half of a share purchase warrant, with each whole warrant entitling the holder to purchase an additional common share at a price of $0.40 for a period of one year from the closing date. With respect to this Private Placement, the Company may pay finders' fees in the amount of 7% of the proceeds raised from the sale of the Units (payable in cash or Units at a deemed price of $0.30 per Unit) purchased by subscribers introduced to the Company by such finders.

The Company intends to use the proceeds from this Private Placement for additional drilling on the "RM Zone" and other possible targets on the Company's Marshall Lake copper, silver, gold property project in Ontario and for general working capital purposes. For further details on the Marshall Lake property project and for recent drilling and assay information, see the Company's website (www.whitetigermining.com) and White Tiger's recent news releases dated April 5, April 11, April 20 and May 3, 2011.

White Tiger Mining Corp.

Douglas L. Mason, Director (Chairman)

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

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