Overview:

White Tiger Mining Corp. (TSXV:WTC ^[1]) is a junior exploration company with two key properties located in Northern Ontario. The Marshall Lake property is a copper, silver, gold project, 30km West of Nakina, Ontario and the Norton Lake Property is a nickel, copper, cobalt, and platinum group elements deposit that is located about 50 km northeast of Fort Hope, Ontario, and about 400 km northeast of Thunder Bay, Ontario.

White Tiger is working to delineate a sizeable copper deposit on its Marshall Lake project west of Nankina, Ont., where other well-known names have been active. While a large portion of the Canadian junior resource sector's attention in recent years has been focused on developing projects in foreign ‘elephant country' regions such as Peru, Mexico, Columbia and West Africa, the company has ‘somewhat quietly' been delineating what could prove to be an elephant-sized copper deposit on its flagship Marshall Lake Property located 30 km by road west of Nakina, Ontario and 22km north of the main CPR railway.

The Marshall Lake Property is a Copper, Silver, Gold and Zinc exploration project that represents a compilation of numerous small tracts of land that were previously owned and worked on by various well known companies such as BHP Billiton Ltd. (NYSE: BHP, Stock Forum), Teck Resources Ltd. (TSX: T.TCK.A, Stock Forum) (TSX: T.TCK.B, Stock Forum) (NYSE: TCK, Stock Forum) and Corp. Falconbridge Copper. When these companies were working the property, the geology was poorly understood and there was little infrastructure in place. As well, the prices of Copper and Gold were $0.30-$0.60/lb and $35/oz, respectively.

In the fall of 2010, White Tiger began work on the now consolidated land package, consisting of approximately 10 km by 16 km and covering numerous significant showings of Copper, Silver, Gold and Zinc.

Investment Highlights:

• November 2010 defined a significant copper zone of mineralization in an initial Phase 1 core drill program on Marshall Lake.
• Moving forward on significant historical exploration work by notable exploration companies.
• The Phase 2 drill program will focus on developing the “RM Zone” to an NI 43-101 resource standard.  The  Company's recent “RM Zone” discovery is open in all directions.   White Tiger continues to evaluate other high potential targets and zones on the Marshall Lake Property.

Chief Properties:

Marshall Lake - Northern Ontario - Canada

^[2]

The Marshall Lake Property is an extensive Volcanic hosted (VMS), mineralized, land package of approximately 10km by 16km in size covering over 20 significant showings of Copper, Zinc, Silver and Gold. Given the current copper and gold markets, as well as the positive outlook predicted by many industry professionals, White Tiger's Marshall Lake Property is well positioned in a newly formed property package that is comparable in size to the Noranda Camp, Ontario, which currently has 31 operating mines.  White Tiger intends to further advance the Marshall Lake Property in a similar fashion.

Another notable change in further exploring the property can be attributed to the advancement of exploration technology, which has allowed White Tiger to more accurately target historical zones, provide extensions of these zones and  develop new zones that were not previously identified.

Additionally, the Marshall Lake Property is well located to infrastructure - 30 km west of Nakina, Ontario with access by all weather gravel road from Highway 11 and the main CNR rail line is within 22km to the south of the Property.

White Tiger Mining Corp. has completed a phase one drill program on its copper, silver and gold Marshall Lake Property project.

During the phase one program, three holes were drilled in a north-south section, 25 metres south or beneath GAZN-08-07 and west of drill hole GAZN-08-06 and all three drill holes intersected copper sulphide zones.  Wide zones of disseminated copper are seen in all of the holes and within the disseminated copper sulphide envelope there are two distinct zones of semi massive copper sulphides (one being associated with high silica rhyolite and the other being associated with a footwall chlorite alteration-shear zone).  It is significant to note that continuity of the copper mineralization intercepts has been established between the holes.

During the current drill program, the strike length of the copper mineralization has been traced for 125 metres towards an historical copper occurrence known as the “Lease Zone”, which is 200 metres further to the west. This allows the current "RM Zone" (formerly referred to as the North Gazooma Zone) a potential of 325 metre strike length of copper occurrence.

To date, White Tiger's successful drilling efforts on the Marshall Lake Property have focused on the south-western area of the Property, in the zones known as the RM, Lease and the Gazooma North (now part of the RM Zone). Drilling in this area has proven successful, with 30 of 31 holes drilled intersecting copper mineralization over significant widths.

Some of the original results released in 2010 by White Tiger included the following:

Hole Number	From (metres)	To (metres)	Width (metres)	Cu (%)	Ag (g/tonne)	Au (g/tonne)
GAZN-10-10	38	116	78.0	0.42	2.05	0.09
Including	111	116	5.0	1.89	12.04	0.70
GAZN-10-11	82	143	61.0	0.69	3.4	0.11
Including	110.4	143	32.6	1.04	5.13	0.15
Including	117	122	5.0	3.53	18.16	0.52
Including	120	121	1.0	9.32	49.8	1.12
GAZN-10-15	149	172	23.0	1.34	6.75	0.29
Including	155	160	5.0	4.08	20.6	1.12
Including	157	159	2	7.25	35.9	2.03

These results, from what was formerly known as the Gazooma North Zone, were especially significant because they linked the RM Zone with the Gazooma North Zone, for a potential 325 metres of strike length of copper occurrence (which would eventually grow to 425 metres and with potentially another 200 metres strike length present). As a result, there is a current total potential of 950 metres of strike length and the zone remains open to the north and to the southeast.

Following consistent results throughout its phase one drill program in the latter half of 2010, White Tiger ‘not so quietly' released its first drill results of 2011 in April. White Tiger announced that it had intersected two chalcopyrite stringer zones of 101 metres and 57 metres respectively in its first drill hole of its phase two drill program. Throughout the month of April, White Tiger continued to define the size of the RM Zone (which ultimately became a combination of the original RM Zone, the Lease Zone and Gazooma North Zone), and released the following positive results:

Hole Number	From (metres)	To (metres)	Width (metres)	Cu (%)	Ag (g/tonne)	Au (g/tonne)
RMZ-11-21	12	95	83	0.30	1.3	0.037
Including	12	30	18	0.59	2.8	0.091
And	12	72	60	0.37	1.7	0.045
Including	19	25	6	1.08	5.4	0.183
Including	68	72	4	1.30	5.7	0.081
RMZ-11-21	132	190	58	1.00	4.4	0.084
Including	149	182	33	1.53	6.8	0.127
And	155	160	5	3.73	16.4	0.308
Including	158	160	2	6.25	28.60	0.540
Including	159	160	1	8.85	38.60	0.826

Hole Number	From (metres)	To (metres)	Width (metres)	Cu (%)	Ag (g/tonne)	Au (g/tonne)
RMZ-11-23	40	150	110	0.30	1.5	0.031
Including	50	57	7	1.45	6.5	0.159
Including	71	91	20	0.44	2.0	0.044
	221	241	20	0.62	2.3	0.045
Including	233	237	4	1.76	6.8	0.115
Including	232	241	9	1.02	4.0	0.080
	269	331.5	62.5	0.60	2.7	0.064
Including	269	310	41	0.80	3.5	0.070
Including	269	293	24	1.01	4.0	0.090
Including	278	282	4	2.87	9.5	0.242
Including	278	279	1	6.71	18.3	0.601
Including	269	300	31	0.90	3.7	0.078

 

Unfortunately for White Tiger, these results hit the market as the general sell-off commenced throughout the junior resource market, resulting in its share price pulling back to current levels. Despite the market correction, White Tiger forged ahead in 2011 and continued to intersect significant copper mineralization in all but one of the 31 holes drilled.

White Tiger released these results in November 2011:

Marshall Lake Property Drilling Intersects 100 m of 0.24% Copper, 0.9 grams/tonne Silver, Including 20 m of 0.59% Copper and 2.6 grams/tonne Silver ^[3]

White Tiger Mining Drills 7 metres of 2.5% Copper, 8.9 grams/tonne Silver and 0.067 grams/tonne Gold at its Marshall Lake Property, Ontario ^[4]

There are several very positive things to take from White Tiger's drilling efforts during 2010 and 2011. First, it needs to be specifically identified that the mineralization in the RM Zone is essentially all near surface. Second, White Tiger successfully linked what were three previously distinct zones of mineralization. And third, White Tiger's focus to date has only been on approximately 1 km2 of the 160 km2 area of the mineralized host sequence of the Property (see Figure 1).

White Tiger is well positioned going into 2012 with Copper, Silver and Gold prices remaining strong, with an issued & outstanding share count of only 18,596,282 (with 17.6% Insider ownership as per the SEDI report as at February 2, 2012) and with mineralization seemingly open at depth and open in every direction from its current area of focus on the RM Zone. In addition, White Tiger has the rest of its 160 km2 of favorable geology to explore, including the Gazooma South Zone which has had some exceptional near surface past results (see chart below) and the Main Billiton Zone, which has a historical1 (non NI 43-101 compliant) resource estimate2 of approximately 1.17 million tons grading 0.82% copper, 2.71% zinc, 1.77 ounces silver and 0.006 oz. gold. With such a large and mineral-rich property to explore, White Tiger could become a valuable joint venture partner to any major player that is looking to secure a significant and expandable resource.

Norton Lake, Northern Ontario, Canada

The Norton Lake Property is a nickel, copper, cobalt, and platinum group elements deposit that is located about 50 km northeast of Fort Hope, Ontario, and about 400 km northeast of Thunder Bay, Ontario. Numerous advanced chromite mines have committed to building railway access to the region.  This is a long overdue step in bringing infrastructure to areas of high economic potential.

A recently completed 3D conceptual modelling of the massive sulphide nickel-copper mineralized zones at the Norton Lake deposit has identified what appears to be a separate sulphide lens. This lower lens is near the surface and is adjacent to the main lens approximately 15 m due south of the deposit. Historical core drill hole U-4 intersected semi-massive pyrhottite-chalcopyrite and stringers of sulphide from 85 m to 98 m. As well, historical core drill hole U-14 also intersected this lower lens from 121 m to 130 m.

Summary

Ron Coombes, President & CEO of White Tiger, indicates that the next goal for White Tiger is to drill 25 to 30 holes (5,000 metres) in the RM Zone (and the Jewel Box Zone to the northwest of the RM Zone) in Q1 and Q2, 2012. The Gazooma South Zone is also a near term high grade target that White Tiger will be drilling following some more field work to further understand the geology within this zone. Mr. Coombes anticipates that upon completion of the next planned drilling phase in 2012, an initial NI 43-101 mineral resource estimate report will be commissioned on the RM Zone. Mr. Coombes has indicated that the Company is open to options such as joint-venturing out certain portions of the large Marshall Lake Property in order to accelerate the exploration of other mineralized zones.  He also confirmed that White Tiger will be continuing to methodically unfold and understand the geology and mineralization event on the Marshall Lake Property and that it intends to aggressively drill in an effort to substantiate copper tonnage on the 160 km2 property.

Under a July 2010 option agreement, White Tiger has a work commitment of $4 Million over 5 years and must issue a total of 2 Million shares to Rainy Mountain Royalty Corp. (TSX: V.RMO) over four years (to date, White Tiger has issued 800,000 shares and has spent approximately $1.5 million in exploration expenditures on the Property).  Once this option earn-in is fulfilled, White Tiger will own a 50% interest in the Marshall Lake Property project with RMO and Marshall Lake Mining PLC,  each owning a 25% interest. In addition, White Tiger has the further option to take the project to feasibility, and in doing so, White Tiger will obtain an additional 25% interest in the Marshall Lake Property project for a total of 75%, leaving RMO and MLM with a 12.5% interest each.

Certain information used in this article has been extracted from news releases disseminated by White Tiger Mining Corp. and by Rainy Mountain Royalty Corp., copies of which are available on SEDAR and the Companies' websites (www.whitetigermining.com andwww.rmroyalty.com).  Rick Walker, P.Geo., is as Qualified Person for the Marshall Lake Project.

Management

Mr. Douglas L. Mason - Chairman - Former President and CEO of Clearly Canadian Beverage Corporation, Mr. Mason has spent many successful years in the public and private financial arenas. Mr. Mason is President and CEO of Waterfront Capital Corporation and Chairman of Columbia Yukon Explorations Inc., International Bethlehem Mining Corp., Black Panther Mining Corp. and World Famous Pizza Company Ltd.

Mr. Ronald A. Coombes - President, C.E.O. and Director - Mr. Coombes is an experienced entrepreneur and fundraiser and has been involved in mineral exploration and junior exploration company management for the past 15 years. Mr. Coombes is the current President of Columbia Yukon Explorations Inc., International Bethlehem Mining Corp., Black Panther Mining Corp. and White Tiger Mining Corp.

Mr. Sead Hamzagic, CGA - CFO and Director - Mr. Hamzagic has over 20 years of public practice accounting and financial management experience. Mr. Hamzagic is currently on the board of directors and Chief Financial Officer for a number of private and publicly trading companies that form part of the conglomerate group of companies chaired by Mr. Mason. Mr. Hamzagic is a member in good standing with the Certified General Accountants Association of British Columbia.

Mr. Bruce E. Morley, LLB, BComm - Director - Mr. Morley has extensive experience in assisting public companies with legal and business matters. Mr. Morley is currently a director of Waterfront Capital Corp, Columbia Yukon Explorations Inc., Black Panther Mining Corp. and White Tiger Mining Corp. Mr. Morley has been a practicing lawyer and a member in good standing with the Law Society of British Columbia since 1981. Prior to that, Mr. Morley received a bachelor of commerce degree with specialties in finance and real estate.

Henry Ewanchuk, P. Eng - Mr. Ewanchuk is the Vice President of Bethlehem Copper Corporation in charge of exploration and the President of Bethlehem Resources Corporation. With Bethlehem Resources Corp, he bought the Goldstream mine and put it back into production. Mr. Ewanchuk is also President of E&B Inc., responsible for putting Sterling Mine into production. As President of Mascot Gold Mines Ltd., worked with team to build and put into production mine located in the spectacular Similkameen Valley. Construction of Mount Polley open pit copper/gold mine - now Imperial Metal`s principal mineral property.

Ed Yurkowski, P. Eng. - Director - Mr. Yurkowski is the founder of the Procon Group of Companies in 1992; one of the most successful underground mining and tunneling group of companies in Canada with operations throughout North America

Mr. Rick Walker, P. Geo., is acting as the Company's Qualified Person for the current stage of the Company's Marshall Lake Property project, in accordance with regulations under NI 43-101. The technical information referred to in earlier news releases was reviewed and approved by Robert Middleton, P.Eng., who was acting as the Company's Qualified Person, in accordance with the regulations under NI 43-101, for the Marshall Lake Property project at the times that such earlier news releases were issued.

These materials include certain statements that may be deemed “forward-looking statements” within the meaning of applicable securities legislation. 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. Such statements are not guarantees of future performance and actual results or developments may differ materially from those expressed in, or implied by, this forward-looking information. 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 and the Company does not undertake any obligation to update publicly or to revise any of the forward-looking statements, whether as a result of new information, future events or otherwise, except as may be required by applicable securities laws.