2012-08-22 17:13 ET - News Release Mr. James McBurney reports WHITE TIGER ANNOUNCES CLOSING OF UNIQUE LOAN TRANSACTIONS Further to its July 4, 2012, press release, White Tiger Gold Ltd. has closed its proposed loan transactions (as defined below) with Unique Goals International Ltd. Unique is a company beneficially owned, directly and indirectly, by Sergey Yanchukov, a creditor and shareholder of the company. The company owed Unique $20,401,001.30 (including accrued interest) as at July 31, 2012, which loans matured in May, 2012, and bore interest at a rate of 15 per cent per year. The company and Unique have entered into a new loan agreement which consolidates the Unique loans, extends the maturity date to Jan. 31, 2015, and provides for the issuance of 204,010,013 common share purchase warrants to Unique. The warrants that have been issued to Unique in connection with the loan transactions are exercisable to acquire common shares of the company at a price of 10 cents per share for a period of four years from the date of issuance. The consolidated loan bears interest at a rate of 15 per cent per year, with interest and principal payable in cash at maturity. In accordance with Section 604(d) of the Toronto Stock Exchange company manual, the company sought and obtained shareholder approval for the loan transactions by way of written consent of selected shareholders holding more than 50 per cent of the issued and outstanding common shares, excluding the shares beneficially owned, directly or indirectly, by Mr. Yanchukov. Following the closing of the loan transactions, Mr. Yanchukov beneficially owns and/or exercises control or direction over 69,599,837 common shares and 207,647,216 warrants. This represents approximately 17 per cent of the issued and outstanding common shares on an undiluted basis (or 277,247,053 common shares, or approximately 45 per cent, on a partially diluted basis, assuming exercise of the 207,647,216 warrants held by Mr. Yanchukov).