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White Tiger Secures $15 Million Shareholders' Loan to Ramp Up Production at Lamaque (ccnm)

ROAD TOWN, TORTOLA, BRITISH VIRGIN ISLANDS–(Marketwire – Nov. 8, 2011) - White Tiger Gold Ltd. ("White Tiger") (TSX:WTG) announced today the Company has received Shareholders' loans led by Chairman Maxim Finskiy for a total of US$15 million. The funds are allocated for the continued ramp-up production of the Lamaque project in Val d'Or, Quebec.

"With recent key management appointments and an improved financial position, we can focus on accelerating the development and ramp up of the Lamaque mine. We expect to achieve a production rate of 2,000 tpd in the first Quarter 2012," said Daniel Major, CEO of White Tiger Gold.

Lamaque Project Improvements

In the Lamaque Flats the focus is on miner and supervisor training, and development to increase the number of available stopes in order to improve flexibility and productivity, and hence grade and tonnage. The target for ore production from the Lamaque Flats is a steady 800 tpd, but in the shorter term a higher production rate is planned in order to achieve the 2,000 tpd total ore feed target.

In the North Wall, CMAC-THYSSEN Mining Group ("CMAC") are performing well and developing at over 30 feet per day as they set up dyke stopes for mining, with dyke ore feed planned to provide a long term steady state rate of 800 tpd, and is planned to be at this rate from late January 2012. To compliment these actions the Company has purchased and is staffing up two diamond drill crews for continuous production reserve definition in the North Wall and Lamaque Flats, as well as looking to contract a diamond drilling company for the Sigma West (Bedard Dyke) zone.

Initial diamond drilling is targeted towards improved definition on nine Flat stopes to the east and southwest, potentially representing at least 6 months of Flats production. North Wall drilling will be focused on defining dykes and shears on east side of property between surface and 1,000 feet, potentially representing two years of planned North Wall production.

Diamond drilling in Sigma West is focused on the definition of Main Dyke ore stopes as this zone is over 750 feet in strike and open to depth. Within the first 1000ft this represents over three years of ore production at planned rate of 400 tpd, a target the Company is planning to achieve by June 2012.

The loans to White Tiger are for a term of 6 months and carry interest of 15% per year. The loans are unsecured.

About White Tiger Gold

White Tiger Gold Ltd. is a TSX-listed mining and exploration company, focused on the development of mineral resources in Canada, the Russian Federation and Peru.

The NR seems clear and specific. Besides the diamond drilling portions, for the first time the 3 mining fronts–Flats, NW and BD are TPDs, Production timing and Months of Production quantified.

Though the interest rate of 15% for the Unsecured loan for 6 months led by Max and friends seems high (wonder what will be the normal market rates for such Unsecured loans?), on balance, together with what we had read these far, my take is it is an indisputable announcement of the launching of very serious and high hope  minings with immediate effect.

If the gold is embeded there (it should be), then, barring unforseen circumstances, strongly believe we should see sunshine going forward. The market seems to like it. I am not pumping . I call it a spade as I see it as one. I like what I read.