Red Tiger Mining Inc RDTMF

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[jodalton]

February 13, 2014 Red Tiger Provides Operational Update; Announces Termination of its Derivative Instruments View PDF Toronto, Ontario, February 13, 2014; Red Tiger Mining Inc., (TSXV: RMN), (the "Company" or "Red Tiger") is pleased to provide the following operational update. As a result of recent levels of copper production at its Luz del Cobre copper mine in Sonora, Mexico, the Company's wholly owned subsidiary, Minerales Libertad ("Minerales"), has generated sufficient free cash flow to pay all previously overdue taxes owing to the Mexican Tax Authorities. As such, Minerales is now in good standing under its Loan Agreement with Deutsche Bank. Mr. Robert Wunder, President and CEO of Red Tiger, commented: "We are pleased that improved operational performance during the past few months has allowed the Company to achieve consistent positive cash flow. The Company's balance sheet is improving by paying down debt and liabilities, as well as by investing in assets at the mine." Furthermore, the Company is pleased to announce that it has entered into an agreement with Deutsche Bank ("DB") whereby both parties have agreed to terminate the Company's derivative instruments. Red Tiger and DB had previously entered into a copper collar swap transaction and a copper call option transaction as described in the Company's financial statements.