Tiger Royalties and Investments PLC announced that it has varied its Mandate with Metrock Resources Ltd. (Metrock), details of which were set out in the Company's announcement of 12 October 2020, as a result of which it has inter alia acquired a 2% Net Smelter Return (NSR) Royalty in Metrock's Kanye Manganese project in Botswana which has been conditionally acquired by Bezant Resources Plc (Bezant). Highlights: Tiger has acquired a 2% NSR royalty in the Kanye Manganese asset. Tiger to receive 28,314,815 shares in Bezant Resources Plc ("Bezant") as part of Bezant's acquisition of Metrock and therefore Tiger's holding in Bezant will increase to 83,370,371 representing 2.37% equity stake in Bezant. Investment consistent with the Company's mission of accumulating a portfolio of significant equity positions with royalty streams. Additionally, Metrock has agreed to pay a fee of £30,200 to Tiger, which will also no longer have an obligation to acquire loans of £32,500 owed by Metrock by the issue of a further 12.5 million Tiger ordinary shares of 0.1p each. The grant of the 2% NSR Royalty and the payment of the fee to Tiger are subject to the completion of the SPA signed between Bezant and Metrock which is anticipated to be completed by 15 March 2021. All other arrangements set out in the original Mandate including any obligation to fund or issue any further equity are accordingly cancelled. Under the amended Mandate agreed with Metrock, Tiger has been granted a NSR of 2% on the Kanye Manganese asset which may be purchased from the Company by Metrock for a payment of £1 million or on a partial basis at a buy-out rate of £250k per 0.5% of the NSR. This transaction is well aligned with the Company's strategy to accumulate a stream of royalty deals in base and precious metals projects.