White Tiger Gold Ltd. Announces Extension of Common Share Purchase Warrants

TORONTO, ONTARIO--(Marketwire - March 1, 2012) - White Tiger Gold Ltd. ("White Tiger" or the "Company") (TSX:WTG) announces the extension of the terms of an aggregate of 7,264,748 outstanding common share purchase warrants of the Company, which were previously converted from common share purchase warrants (each, a "Century Warrant") issued by Century Mining Corporation ("Century") as the result of a business combination between the Company and Century completed on October 20, 2011.

The Century Warrants, of which approximately 1.85% were issued to financing agents and the remainder were issued to subscribers in connection with private placements of Century, were converted into common share purchase warrants of the Company (each, a "Converted Warrant") as follows:

Each Converted Warrant is currently exercisable to purchase one common share in the capital of the Company until the date (the "Expiry Date") that is 18 months from the relevant date of issuance by Century, as listed above, at an exercise price of $1.50 per common share.

The 2,564,102 Converted Warrants in respect of the Century Warrants issued on September 15, 2010 are held by a company controlled by an insider of the Company. As such, the Company relied on an exemption, set out in section 604(d) of the Toronto Stock Exchange ("TSX") Company Manual, from the requirement to call a shareholders' meeting to consider the amendment. Pursuant to the exemption, the Company obtained shareholder approval by written consent of selected disinterested shareholders who constitute a majority of shareholders, excluding the shares held directly or indirectly by the insider.

The Converted Warrants have been amended to extend the Expiry Date for all such warrants to November 30, 2012. All other provisions of the Warrants remain unamended. The TSX has conditionally approved the amendments subject to the Company meeting the conditions of the TSX.

The securities offered have not been registered under the United States Securities Act of 1933, as amended, and may not be offered or sold in the United States absent registration or an applicable exemption from the registration requirements. This press release shall not constitute an offer of securities for sale in the United States or Canada or the solicitation of an offer to buy securities in the United States or Canada, nor shall there be any sale of the securities in any jurisdiction or state in which such offer, solicitation or sale would be unlawful.

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.