Red Tiger Mining Inc. Reports Quarter Ended June 30, 2015 Results

(Expressed in US dollars except where noted as C$)

TORONTO, Aug. 25, 2015 /CNW/ - Red Tiger Mining Inc., (TSXV:RMN), (the "Company" or "Red Tiger") today reported its financial and operating results for the three and six months ended June 30, 2015. This press release should be read in conjunction with the Company's unaudited Financial Statements for the three and six months ended June 30, 2015 and Management's Discussion and Analysis ("MD&A") for the corresponding period, available on the Company's website at www.redtigermining.com and on SEDAR at www.sedar.com.

SECOND QUARTER HIGHLIGHTS

• Comex Grade 1 Copper cathodes production of 360 tonnes for the three months ended June 30, 2015
• Copper sales of $2,247,410 for the three months ended June 30, 2015 at an average realized price⁽¹⁾ of $2.83 per copper pound
• Total cash costs per copper pound⁽¹⁾ of $1.61 and average realized margin⁽¹⁾ of $1.22 per copper pound for the three months ended June 30, 2015
• Net loss of $1,935,638 or $0.02 per share for the three months ended June 30, 2015
• Adjusted EBITDA⁽¹⁾ of ($139,373) or adjusted EBITDA per share⁽¹⁾ of $0.00 for the three months ended June 30, 2015
• Cash of $902,801 as at June 30, 2015

YEAR-TO-DATE HIGHLIGHTS

• Comex Grade 1 Copper cathodes production of 980 tonnes for the six months ended June 30, 2015
• Copper sales of $5,854,568 for the six months ended June 30, 2015 at an average realized price⁽¹⁾ of $2.71 per copper pound
• Total cash costs per copper pound⁽¹⁾ of $1.50 and average realized margin⁽¹⁾ of $1.21 per copper pound for the six months ended June 30, 2015
• Net loss of $4,898,241 or $0.05 per share for the six months ended June 30, 2015
• Adjusted EBITDA⁽¹⁾ of ($593,271) or adjusted EBITDA per share⁽¹⁾ of ($0.01) for the six months ended June 30, 2015

(1)   "Total cash costs per copper pound", "Average realized price", "Average realized margin", "Adjusted EBITDA" and "Adjusted EBITDA per share" are non-IFRS financial performance measures with no standard meaning under IFRS. Refer to the "Non-IFRS Financial Performance Measures" section of this MD&A for reconciliations of these non-IFRS measures.

		Q2 2015	Q1 2015	Q4 2014	Q3 2014	Q2 2014	Q1 2014	Q4 2013	Q3 2013^(1)
OPERATING RESULTS
Mining
Ore mined	tonnes	-	-	160,116	248,408	283,480	331,465	293,355	248,342
Waste rock mined and removed	tonnes	-	-	707,319	1,273,452	1,343,687	1,297,719	997,378	1,333,793
Total mined	tonnes	-	-	867,435	1,521,860	1,627,167	1,629,184	1,290,733	1,582,135
Waste-to-ore ratio		-	-	4.4	5.1	4.7	3.9	3.4	5.4
Average grade of mined ore	total	-	-	1.25%	1.15%	1.16%	0.91%	0.84%	0.96%
	copper
Crushing and Stacking
Ore crushed and stacked	tonnes	-	2,425	148,241	250,133	279,910	319,457	292,329	241,599
Average grade of stacked ore	total	-	1.38%	1.25%	1.15%	1.29%	1.03%	0.97%	0.96%
	copper
Ore Stockpiled
Ore stockpiled at end of period	tonnes	29,175	29,175	31,600	30,960	31,507	27,937	15,929	14,903
Average grade of ore stockpiled	total	1.02%	1.02%	1.02%	1.01%	1.06%	0.95%	0.84%	1.01%
	copper
Copper cathodes produced
Copper cathodes produced	tonnes	360	620	1,029	1,274	1,812	1,619	1,784	1,536

FINANCIAL RESULTS	Q2 2015		Q1 2015		Q4 2014		Q3 2014		Q2 2014		Q1 2014		Q4 2013		Q3 2013^(1)
Copper sales^(1)	$	2,247,410	$     3,607,158		$	6,357,452	$	8,671,348	$	12,466,706	$	10,955,699	$	12,884,804	$	10,990,682
Production costs	$	1,422,372	$     1,378,301		$	1,431,511	$	4,556,892	$	6,155,323	$	4,058,486	$	6,861,256	$	2,329,048
Net (loss) earnings	$	(1,965,638)	$   (2,932,603)		$	(16,959,843)	$	(1,264,647)	$	144,871	$	(59,460)	$	(5,121,019)	$	3,014,042
Total cash costs per copper pound^(2)	1.61		1.38		1.60		1.73		1.65		1.33		1.65		1.33
Average realized price^(2)	2.83		2.64		2.80		3.09		3.12		3.07		3.12		3.07
Average realized margin^(2)	1.22		1.26		1.20		1.36		1.47		1.74		1.47		1.74

(1)	Prior to the Company declaring commercial production on July 1, 2013, all previous revenues were credited against capitalized project costs.
(2)	Total cash costs, average realized price, and average realized margin are calculated on post-commercial pounds sold only.
(3)	Refer to the section on Non-IFRS Financial Performance Measures at end of the press release. Reconciliation of these measures is described in the MD&A.

Non-IFRS Financial Performance Measures

The Company has included certain non-IFRS measures in this press release, including "total cash cost per copper pound," "average realized price," "average realized margin," "adjusted EBITDA," and "adjusted EBITDA per share". The Company believes these measures, in addition to conventional measures prepared in accordance with IFRS, provide investors an improved ability to evaluate the underlying performance of the Company. The non-IFRS measures are intended to provide additional information and should not be considered in isolation or as a substitute for measures of performance prepared in accordance with IFRS. These measures do not have do not have any standardized meaning prescribed under IFRS, and therefore may not be comparable to other issuers.

Forward-Looking Information

Certain statements contained in this news release constitute "forward-looking information" as such term is used in applicable Canadian securities laws. Forward-looking information is based on plans, expectations and estimates of management at the date the information is provided and is subject to certain factors and assumptions, including, that the Company's financial condition and development plans do not change as a result of unforeseen events, that the Company obtains regulatory approval, future metal prices and the demand and market outlook for metals. Forward-looking information is subject to a variety of risks and uncertainties and other factors that could cause plans, estimates and actual results to vary materially from those projected in such forward-looking information. Factors that could cause the forward-looking information in this news release to change or to be inaccurate include, but are not limited to, the risk that any of the assumptions referred to prove not to be valid or reliable, that occurrences such as those referred to above are realized and result in delays, or cessation in planned work, that the Company's financial condition and development plans change, delays in regulatory approval, risks associated with the interpretation of data, the geology, grade and continuity of mineral deposits, the possibility that results will not be consistent with the Company's expectations, as well as the other risks and uncertainties applicable to mineral exploration and development activities and to the Company as set forth in the Company's latest management discussion and analysis filed under the Company's profile at www.sedar.com. The Company undertakes no obligation to update these forward-looking statements, other than as required by applicable law.

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 Refer to the section on Non-IFRS Financial Performance Measures at end of the press release. Reconciliation of these measures is described in the MD&A.

SOURCE Red Tiger Mining Inc.

Red Tiger Mining Inc.,120 Adelaide Street West, Suite 800, Toronto, ON, M5H 1T1, Fax: [phone], [email protected], www.redtigermining.com; David Lurie, CEO & CFO, [email protected]