Red Tiger Mining Inc announced that the construction and development of the Company's Luz del Cobre Copper Project has reached an overall 85% completion mark.

The mining contractor has continued waste rock removal and copper ore is being stockpiled next to the crusher at the valley leach pad area. Ore mined from the end of November to January 25th 2012 from the 650 meters to 640 meters levels totaled 50,300 tonnes at an average grade of 0.87% copper based on blast hole sample assays compared to a planned grade of 0.77% copper.

Crushing and stacking of ore on the leach pad will start in February while the solvent extraction and electro winning plant enters into various stages of commissioning. Copper cathode production from this 15 million pounds of copper per year project is expected to commence in April, at a cash cost of production projected to average USD 1.30 per pound over the life of the mine.