Tigray Cancels Stock Options and Warrants

Tigray Resources Inc. (TSX VENTURE:TIG) (the "Company") announces a total of
2,630,000 incentive stock options, under its Stock Option Plan, which were
granted to certain employees, consultants and directors of the Company have been
cancelled. All of the incentive stock options were priced at $1.31 and had an
expiry date of September 8, 2016. The optionees agreed to the Company's request
to voluntarily and unconditionally cancel the stock options.


The Company has also reached agreement with certain warrant holders to cancel an
aggregate of 141,950 share purchase warrants. The share purchase warrants had an
exercise price of $0.40 and an expiry date of September 21, 2014. The warrant
holders agreed to the Company's request to voluntarily and unconditionally
cancel these warrants. 


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.


FOR FURTHER INFORMATION PLEASE CONTACT: 
Tigray Resources Inc.
Nick Watters
Business Development
604-488-9582 or Toll Free: 866-488-9582
604-899-1240 (FAX)
[e-mail]
www.tigray.ca