WTC

White Tiger Mining Corp. (the "Company" or "White Tiger") (TSX
VENTURE:WTC)(FRANKFURT:W0I) is pleased to announce that, subject to regulatory
acceptance, it intends to proceed with a non-brokered private placement
financing (the "Private Placement") of up to 5,000,000 units (the "Units") of
the Company at a price of $0.30 per Unit for aggregate proceeds of up to $1.5
million. Each Unit will consist of one common share in the capital of the
Company and one-half (1/2) of one non-transferable share purchase warrant (each
whole warrant a "Series A Warrant"), with each Series A Warrant entitling the
holder to purchase one additional common share at a price of $0.40 for a period
of 1 year from the date of closing of the Private Placement. Further, if the
closing price of the Company's shares as traded on the TSX Venture Exchange is
$0.60 or greater for a period of 20 consecutive trading days, the Company may
give notice of an earlier expiry of the Series A Warrants, in which case they
would expire 30 calendar days from the giving of such notice; provided further
that, if a subscriber exercises any Series A Warrants during the term thereof,
the Company will issue to that subscriber that number of Series B Warrants equal
to the number of Series A Warrants exercised, with each Series B Warrant
entitling the holder to purchase one additional common share at a price of $0.50
for a period of 2 years from the date of closing of the Private Placement.
Further, if the closing price of the Company's shares as traded on the TSX
Venture Exchange is $0.75 or greater for a period of 20 consecutive trading
days, the Company may give notice of an earlier expiry of the Series B Warrants,
in which case they would expire 30 calendar days from the giving of such notice.
The Units will be subject to regulations governing private placement
distributions, and are being sold with a four-month plus one day restriction
period, during which time the shares will be restricted from trading. Finders'
fees of 8% in cash or Units are expected to be paid on a portion of the
offering, with 8% finders' options also expected to be paid on a portion of the
offering.


The Company intends to use the proceeds from this Private Placement for
furthering the exploration and development of the Company's Marshall Lake
copper, silver, gold property project in Ontario and for general working capital
purposes. For further details on the Marshall Lake property project, see the
Company's website (www.whitetigermining.com) and White Tiger's recent news
releases dated November 3, November 17 and December 1, 2010.


White Tiger Mining Corp.

Douglas L. Mason, Director (Chairman)

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