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http://www.marketwatch.com/sto…..2-21-71280

ROAD TOWN, TORTOLA, BRITISH VIRGIN ISLANDS, Feb 21, 2012 (MARKETWIRE via COMTEX) — White Tiger Gold ("White Tiger" or the "Company") /quotes/zigman/3456234 CA:WTG -1.49% is pleased to provide a production update for the Lamaque Mine in Val d'Or, Quebec.

Highlights:

        --  Daily tonnage mined at Lamaque increases sharply with addition of North
            Wall long-hole stopes
        --  Average tonnes per day mined for the past week at 1286 tpd, with last 5
            days exceeding 1600 tpd.

White Tiger previously announced on February 3, 2012, that it was to start mining long-hole stopes in the North Wall. After the initial cut blasts the Company is pleased to announce that mine has been able to ramp up production such that over the week ending February 19, 2012 it has achieved an average ore tonnes mined of 1286 tonnes per day, with the last 5 days of the week exceeding 1600 tpd. This a considerable improvement over the average of 757 tpd achieved in 2011, and highlights the benefits the long-hole stopes bring to productivity on the mine.

"These initial production results demonstrate a significant improvement in mining productivity for the Lamaque mine. Our objective is to stabilise the production from the North Wall and to continue to push for production improvement towards the planned long term production rate of 2000 tonnes per day," said Daniel Major, President and CEO of White Tiger Gold.

About White Tiger

The Company is a TSX-listed mining and exploration company, focused on mine expansion and the development of mineral resources in Canada, the Russian Federation, and Peru. The Company currently operates the Lamaque Mine in Val D' Or, Quebec; Savkino heap leach gold operation located in south eastern Siberia; and the San Juan Gold Mine in San Juan Valley, Peru. Plans are underway to expand gold production at each of Lamaque, San Juan and Savkino and to develop a gold-copper mine at the Company's Nasedkino property situated in Chita Region in southeast Siberia with the goal of becoming a mid-tier gold producer. The Company also holds three additional early-stage gold exploration licenses in prospective geological environments located in central and northeast Siberia.

Caution Concerning Forward-Looking Information

This news release contains forward looking statements within the meaning of the United States Private Securities Litigation Reform Act of 1995 and forward-looking information within the meaning of applicable Canadian securities laws (collectively, "forward-looking statements") relating, but not limited to, White Tiger's expectations, intentions and beliefs (including, without limitation, statements regarding White Tiger's projects and licence areas, exploration, development and production plans and targets, projected production, mineral resource and mineral reserve estimates, exploration results, future plans and objectives, including the expansion of the Savkino Gold Mine, plans to increase gold production at the Savkino, Lamaque and San Juan gold mines, the potential for increasing and/or upgrading the Company's mineral resources, plans regarding the preparation of new technical reports for the Company's Nasedkino and Lamaque projects, anticipated improvements in ore grades and the planned level of output at the Lamaque Mine, anticipated improvements in ore grades and the planned level of throughput at the San Juan Mine, plans regarding modifications to the San Juan processing plant and the opening up of new mining areas and plans to convert historical Russian approved C1 + C2 gold resources into National Instrument 43-101-compliant mineral resources).

Words such as "may", "will", "should", "anticipate", "plan", "expect", "believe", "estimate" and similar terminology are used to identify forward-looking statements. Such statements are based on assumptions, estimates, opinions and analysis made by the management of White Tiger in light of their experience, current conditions and their expectations of future developments as well as other factors which they believe to be reasonable and relevant. Forward-looking statements involve known and unknown risks, uncertainties and other factors that may cause actual results to differ materially from those expressed or implied in the forward-looking statements. Risks and uncertainties that may cause actual results to vary include but are not limited to: changes in equity and debt markets; inflation; uncertainties relating to the availability and costs of financing needed to continue development, production and exploration activities; development, production and exploration costs varying significantly from estimates; gold production varying significantly from estimates; delays in the development of, and/or production from, the Company's projects and licence areas;

failure to establish increased mill throughput and increased grades for both Lamaque and San Juan Mines; failure to stabilise the increased production at Lamaque and/or to achieve the planned long term production rate of 2000 tonnes per day; that planned modifications to the San Juan processing plant and/or the establishment of three new mining areas at San Juan fail to result in the anticipated increase in mine throughput; unexpected geological or hydrological conditions; the speculative nature of mineral exploration and development, including the uncertainty of reserve and resource estimates; operational and technical difficulties, including the failure of major mining and/or milling equipment; the availability to White Tiger of suitable financing alternatives; the ability of White Tiger to service its existing debt facilities; fluctuations in gold and other commodity prices; success of future exploration and development initiatives; competition; operating performance of facilities; environmental and safety risks, including increased regulatory burdens, seismic activity, weather and other natural phenomena; inability in, or delays in, obtaining necessary permits and approvals from government authorities; risks relating to labour and other exploration, development and operating risks; changes to and compliance with applicable laws and regulations, including environmental laws; political, economic and other risks arising from White Tiger's activities in Russia; fluctuations in foreign exchange rates; as well as other risks and uncertainties which are more fully described in White Tiger's Annual Information Form dated March 30, 2011 and its annual and quarterly Management's Discussion and Analysis and in other filings made by White Tiger with Canadian securities regulatory authorities and available at http://www.sedar.com .

Any forward-looking statement speaks only as of the date on which it is made and, except as may be required by applicable laws, White Tiger disclaims any intent or obligation to update any forward-looking statement, whether as a result of new information, future events or results or otherwise. Although White Tiger 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.

        Contacts:
        White Tiger Gold Ltd.
        Daniel Major
        Chief Executive Officer
        info@whitetigergold.com

www.whitetigergold.com
        Terre Partners
        Joanna Longo
        Investor Relations
        (416) 238 1414 (ext 233)
        jlongo@terrepartners.com

SOURCE: White Tiger Gold Ltd.

        mailto:info@whitetigergold.com

http://www.whitetigergold.com            mailto:jlongo@terrepartners.com

Copyright 2012 Marketwire, Inc., All rights reserved.

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2011 average tpd 757, week ending Feb 19 @ 1286, last five days achieving 1600 and aiming at 2000tpd. It spells serious improvements n my gut feel is DM is truly pleased n very eager to say so. like to view it as  some corner-turning event n expect more tpd improvement related NRs in the near future. It is a good buy opportunity and as such my associates n friends added more to their share holdings without my prompting.

There are only so many reasons a person hangs around after they think they have been done wrong. All the gripping won't change a thing. This is the called risk investing, you size up the risk and you make a decision. Any normal investor that did not like the risk would have jumped ship after we went up over a dollar, and would have sold at 1.20 the last time. Any one that was with CMM for a reasonable time  pre merger would have had a profit at 1.20 and left if they were not happy! If any thinks its not a good investment at this time that's up to them. But to say you want the share price to go up so you can leave , and at the same time tell every one this is a bad investment really is contradicting and self defeating , i don't get it. This is all just my humble opinion.

@paliman

Unfortunately, my trip and my changed opinion was after $1.20 came and went…Such is life.

What you say is true. I'm not helping myself at all, but I like to think that I'm maybe helping a few of the people on here who I've come to know in the last year. People that were totally screwed over by Max and Co. I just can't believe that there are very many people at all that even look at this any longer, so I figure my opinion is only getting out to a few and it won't hurt me too badly.

You feel how you want, but I don't see this as a normal investment at all. I feel that we were robbed in broad daylight and the SEC failed us completely. I also believe that their games are continuing and that they have not changed one single bit. Their goals have nothing to do with what's good for minority shareholders.

The share price going up has nothing to do with this being a good or bad investment but rather it has to do with fraud, Micon, and a whole lot of games that allowed merger numbers to work out. The gold WILL "come back" and the price will go up, but it has ZERO to do with anything other than completing a plan that started over a year ago.

Are you being serious?

LOL!  Labradorguy = Payday or Dec3?

Go WTG Go!  100k oz / year, here we come.

sorry labguy does not work , not contact no entry. I got to tell you something, my trade takes me to places like mines, dams, pulpmills, refinerys. They all have one thing in common its called security. Its there to kept people out that do not have a reason to be there like a job to do. Not only that but you have to be current on their safety program, and yes they test you . And you will need a contact that will be responciable for you. So the question was whos your contact for your access?

Thanks for your recent posts, Labguy. Your insights are valuable, especially so because of your professional background. And, people don't have to agree with you. Everyone is entitled to their own opinion.

As you know, most of us, former CMM shareholders, fought hard against the merger and its unjust terms. But we lost…All the regulators (OSC, TSX, BCSC) let us down. Even the RCMP. Apparently, there was insufficient evidence for criminal wrongdoing. I also investigated the prospects of a Class Action lawsuit to get justice for minority shareholders. Unfortunately, three prominent lawfirms turned us down (at least on a contingency fee basis).

So, now what? Sell or hold? You've already made your decision, Labguy. For myself, I decided to hold (reluctantly). I assume that Max Finskiy knows very well that the regulators will be watching him. And, also us, minority shareholders (especially FREDERICTON!). If Finskiy & his pals try share-price manupulation, they will get him sooner or later. So, hopefully, Finskiy will opt for making money honestly. You said yourself, Labguy, that Lamaque holds a lot of gold.

By the way, I don't think we were any better off while CMM's managememnt was under the control of Ms Kent. Perhaps she has some Russian genes in her ancestry?!  

OOOuuchh !!!  you have degraded yourself to personal insults Labguy. You know the saying, give a Labguy enough rope, and he will hang himself. Most forms if a Labguy makes personal insults the Labguy is banned, your lucky Carib is an easy going guy. How on earth would you bid on work with no company contact, what you say is a joke and totally unbelievable !

"I don't see this as a buy opportunity at all. I am simply waiting for all the gold that magically disappeared to suddenly show back up in some kind of a miracle fashion where the new guys can take credit for it. That will bump the price to where I can get away from this outfit once and for all. "

>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>

what if this event does not come intime while the tpd moves from ave 757(2011) to ave 1286(week ending Feb 19) with the last 5 days achieving 1600.. while aiming for 2000.?…my point is why must the sp upward movement depends on the resurrection of those lost gold? what about production results and gold mined? (of course it may be suggested that don't trust this NR, DM is lying with the figures. Can he? would he? what is there for him to gain in  doing so?)… Just staying the course at 1600tpd in Lamarque, with the contribution from Sakvino and San Juan, I believe WTG will hit 100,000 oz …and generating revenue of US$170million! is it not relevent n important?

Furthermore, having taken on a loan of US$150million, is it not sensible for WTG to  show that it is producing cash n enough cash for that matter, that the creditors of those US$150million would definately like to see?

Same time last year (2011) WTG's SP was sitting around $3.95. This year they have more cash, more Gold producing mining properties and a stronger management team (CMM/WTG mix). Yet we are still sitting under the $1 mark. 

What needs to transpire to get the SP to its proper price? We all know WTG is currently undervalued.

nt300 said:

Same time last year (2011) WTG's SP was sitting around $3.95. This year they have more cash, more Gold producing mining properties and a stronger management team (CMM/WTG mix). Yet we are still sitting under the $1 mark. 

What needs to transpire to get the SP to its proper price? We all know WTG is currently undervalued.

————-

What needs to transpire?

1. Finkski and other Russian players withdraw immediately. No one trusts the Russians.

2. Fire Dan Major and the rest of the castrated BOD.

Bottom line: there is no confidence in management. Trust is like virginity – once you lose it - its gone forever. No one trusts these guys.

Since none of the clowns in charge of this operation has any integrity to do the right thing and resign their post, the best thing that could happen is for a hostile take-over by a company that knows how to run things (Agnico etc).

But the chance for that to happen was last summer/fall.

Since no one took the bait, that should tell you something.

Just wait for the pumps and daytrade this shyte. There is no "value building" of the company going on here. Its a shame but Lab guy is right about the crooks not wanting to do anything legit with the mine. 

Labrodorguy, just wanted to ask you, since you are in Val D'Or quite a bit, what seems to be the concensus amongst the other mining companies up there pertaining to what happened with CMM/WTG over the last year? Also just an open question, if you are an institution looking to invest, would you consider WTG? Remember that a very large percentage is held by 2 people and who ever else were the placees from the years worth of PP's. Does having 2 people hold such a large percentage give a true indication of free trading? Just putting these out for discussion. I did sell out before but bought a small position in hopes of recouping some of my lost 60%.

I just got my CMM/WTG tax loss forms on my cash acc.  Any gains i make this year will be a write off from my losses. I guess i have three years to make profits as to use up my full tax loss, here's to all of us that are in the same boat. May they fill our boat with gold this year! or next ,by at least the third year.