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Tigray Seeks Order to Extend Annual Meeting Date

VANCOUVER, BRITISH COLUMBIA -- (Marketwired) -- 02/21/14 -- Tigray Resources Inc. (TSX VENTURE:TIG) (the "Company") announces that it has applied to the Ontario Superior Court of Justice for an order to extend the time for the Company to call the annual meeting of its shareholders (the "Meeting") in accordance with the provisions of the Canada Business Corporations Act. The application has been scheduled to be heard on February 28, 2014. The Company will ask the Court to allow it to call the Meeting on or before August 31, 2014. The application is scheduled to be heard before a judge of the Court on February 28, 2014, at 10:00 a.m., at 330 University Avenue, 8th Floor, Toronto, Ontario.

In support of the application, the Company will file with the Court the following materials (the "Court Materials"): Application Record, containing the Notice of Application, the Affidavit of Jeffrey Herman Heidema, sworn February 18, 2014 and a draft Order; Factum; and, Brief of Authorities. The Court Materials are posted on the Company's website at www.tigray.ca.

Cautionary Statement Regarding Forward-Looking Information

This news release contains "forward-looking information" within the meaning of applicable Canadian securities legislation. Generally, forward-looking information can be identified by the use of forward-looking terminology such as "anticipate", "believe", "plan", "expect", "intend", "estimate", "forecast", "project", "budget", "schedule", "may", "will", "could", "might", "should" or variations of such words or similar words or expressions. Forward-looking information is based on reasonable assumptions that have been made by the Company as at the date of such information and is subject to known and unknown risks, uncertainties and other factors that may cause the actual results, level of activity, performance or achievements of the Company to be materially different from those expressed or implied by such forward-looking information, including but not limited to: risks associated with the court order not being granted; mineral exploration and development; metal and mineral prices; availability of capital; accuracy of the Company's projections and estimates, including the initial mineral resource for the Harvest Project; interest and exchange rates; competition; stock price fluctuations; availability of drilling equipment and access; actual results of current exploration activities; government regulation; political or economic developments; environmental risks; insurance risks; capital expenditures; operating or technical difficulties in connection with development activities; personnel relations; the speculative nature of strategic metal exploration and development including the risks of diminishing quantities of grades of reserves; contests over title to properties; and changes in project parameters as plans continue to be refined, as well as those risk factors set out in the Company's listing application dated August 18, 2011.

Forward-looking statements are based on assumptions management believes to be reasonable, including but not limited to the price of gold, silver, copper and zinc; the demand for gold, silver, copper and zinc; the ability to carry on exploration and development activities; the timely receipt of any required approvals; the ability to obtain qualified personnel, equipment and services in a timely and cost-efficient manner; the ability to operate in a safe, efficient and effective manner; and the regulatory framework regarding environmental matters, and such other assumptions and factors as set out herein. Although the Company has attempted to identify important factors that could cause actual results to differ materially from those contained in forward-looking information, there may be other factors that cause results not to be as anticipated, estimated or intended. There can be no assurance that such information will prove to be accurate, as actual results and future events could differ materially from those anticipated in such information. Accordingly, readers should not place undue reliance on forward-looking information. The Company does not undertake to update any forward-looking information that is included herein, except in accordance with applicable securities laws.

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 news release.

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