Red Tiger Retains Questrade for Market Making Services

TORONTO, July 23, 2012 /CNW/ - Red Tiger Mining Inc., (TSXV-RMN), (the "Company" or "Red Tiger") today announced that it has retained Questrade Inc. ("Questrade"), to provide market-making services, in accordance with TSX Venture Exchange guidelines. Questrade will buy and sell shares of the Company on the Exchange for the purposes of facilitating trading, or providing liquidity, in Red Tiger's shares.

The term of the agreement is twelve months, beginning July 23, 2012, at a cost of Cdn.$5,000 per month. Questrade will not receive shares or options as compensation. The Company and Questrade are unrelated and unaffiliated entities, but Questrade and its clients may have or may acquire a direct interest in the Company's securities.

Red Tiger is currently placing the Luz del Cobre open-pit copper project in Sonora, Mexico into production, with the designed capacity of the Solvent Extraction- Electrowinning plant of 600 tonnes of copper cathodes per month. Red Tiger is listed on the TSX Venture Exchange (symbol "RMN"). Common shares outstanding 69,193,537.

Questrade Inc., www.questrade.com, provides Canadians with high-speed, direct access trading in the U.S. and Canadian stock and options markets through its IQ trading platforms. Questrade offers market making services on behalf of TSX and TSX Venture Exchange listed companies, providing liquidity on the stock exchange for shareholders.

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.   

This news release contains forward-looking statements, which are subject to risks and uncertainties and other factors that may cause results to differ materially from expectations. Specifically, this news release contains forward-looking information regarding the carrying out of the Offering and the expected terms relating thereto, and the approval of the Offering by the TSXV. Accordingly, readers are cautioned not to place undue reliance on this forward-looking information. The Company does not assume the obligation to revise or update this forward-looking information after the date of this news release or to revise such information to reflect the occurrence of future unanticipated events, except as may be required under applicable securities laws.

SOURCE Red Tiger Mining Inc.