PRESS RELEASE

from Silver Tiger Metals Inc.

Silver Tiger Intersects 1,380.9 g/t AgEq over 0.5 meters within a Broader Interval of 23.8 meters Grading 113.3 g/t AgEq in the El Tigre Vein and Provides Underground Rehabilitation Update

HALIFAX, NS / ACCESSWIRE / April 12, 2022 / Silver Tiger Metals Inc. (TSXV:SLVR)(OTCQX:SLVTF) ("Silver Tiger" or the "Corporation") has intersected 1,380.9 g/t AgEq over 0.5 meters within a broader interval of 23.8 meters grading 113.3 g/t AgEq in the El Tigre Vein.

Highlights from initial 7 drill holes down dip under the El Tigre historic workings at the North end include the following:

  • Hole ET-21-295: 0.5 meters grading 1,380.9 g/t silver equivalent from 102.0 meters to 102.5 meters, consisting of 1,200.0 g/t silver, 2.12 g/t gold, 0.16% copper, 0.20% lead and 0.05% zinc within 23.8 meters grading 113.3 g/t silver equivalent from 80.0 meters to 103.8 meters, consisting of 94.7 g/t silver, 0.19 g/t gold, 0.02% copper, 0.06% lead and 0.03% zinc
  • Hole ET-21-285: 1.5 meters grading 844.5 g/t silver equivalent from 300.2 meters to 301.7 meters, consisting of 23.5 g/t silver, 10.70 g/t gold, 0.06% copper, 0.24% lead and 0.21% zinc within 10.2 meters grading 135.9 g/t silver equivalent from 298.7 meters to 308.9 meters, consisting of 6.5 g/t silver, 1.63 g/t gold, 0.01% copper, 0.07% lead and 0.12% zinc

Additional results for the El Tigre Vein are presented in the Drill Hole Results table below along with the details for the calculation of the silver equivalent grades.

Attached is a Plan Map of the El Tigre Veins and Drill Holes. A Plan Map of the 600 meter central portion of the Sooy Vein, El Tigre Vein and Seitz Kelly Vein is also attached.

Silver Tiger's CEO, Glenn Jessome, stated, "The first down dip holes on the El Tigre Vein at the historic mine are delivering high grade silver intercepts within a broad mineralized zone. These first holes are shallow as the mining on the northern end of the El Tigre Vein stopped at level 4 at about 80 meters from surface. Deeper holes are currently being drilled down dip on the El Tigre Vein at the North end of the historic mine."

Underground Rehabilitation at Historic El Tigre Mine Update

As press released on February 22, 2022 Silver Tiger contracted Cominvi, a Mexican underground contract mining and development company to rehabilitate the Historic El Tigre Mine. Cominvi began underground rehabilitation March 21, 2022. Cominvi are progressing very quickly in the underground rehabilitation of the Historic El Tigre Mine and have already completed over 215 meters of rehabilitation in Level 7, which was the main portal to the mine.

Glenn Jessome further stated, "We are extremely satisfied with the first several weeks of Cominvi's underground rehabilitation of the old mine. Their expertise, professionalism and safety profile is exceptional. The first 215 meters of rehabilitation has gone quickly and smoothly which is a testimony to the structural integrity of the workings thus far. We expect to reach the Sooy Vein workings in another 255 meters, which is approximately 470 meters from the Level 7 portal."

Drill Hole Results Table

Hole ID

Comment

From

To

Length(1)

Gold

Silver

Copper

Lead

Zinc

AgEq Total (2)

m

m

m

g/t

g/t

%

%

%

g/t

ET-21-282

El Tigre Au Zone

64.3

92.1

27.8

0.08

18.3

0.00

0.02

0.04

26.5

Mining VOID

104.2

105.3

1.1

*

*

*

*

*

*

El Tigre Vein

105.3

106.3

1.0

0.09

158.0

0.05

0.76

0.06

189.3

El Tigre Au Zone

128.5

154.5

26.0

0.06

24.7

0.00

0.02

0.01

30.0

ET-21-285

El Tigre Vein

284.6

286.7

2.1

0.23

250.0

0.09

0.19

0.62

300.4

including

284.6

285.2

0.6

0.58

835.0

0.30

0.62

1.96

986.8

El Tigre Vein

298.7

308.9

10.2

1.63

6.5

0.01

0.07

0.12

135.9

including

300.2

301.7

1.5

10.70

23.5

0.06

0.24

0.21

844.5

ET-21-291

El Tigre Vein

232.7

233.9

1.2

0.04

103.9

0.24

0.06

0.55

150.1

El Tigre Vein

251.9

252.4

0.5

0.02

156.9

0.08

0.75

0.22

191.5

El Tigre Vein

265.7

267.1

1.4

0.16

52.6

0.16

0.94

0.11

105.9

ET-21-294

El Tigre Au Zone

83.6

101.3

17.7

0.24

12.3

0.00

0.01

0.04

32.5

including

94.7

95.2

0.5

1.69

101.1

0.02

0.03

0.09

233.5

ET-21-295

El Tigre Au Zone

57.0

73.0

16.0

0.25

11.2

0.00

0.03

0.04

32.0

El Tigre Zone

80.0

103.8

23.8

0.19

94.7

0.02

0.06

0.03

113.3

including

101.5

103.8

2.3

0.94

541.9

0.09

0.15

0.07

626.3

El Tigre Vein

102.0

102.5

0.5

2.12

1,200.0

0.16

0.20

0.05

1,380.9

and

117.7

129.5

11.8

0.06

34.4

0.01

0.02

0.01

40.6

ET-21-296

El Tigre Vein

150.7

151.9

1.2

0.06

97.8

With webdisclosure.com, you can follow all the latest financial news in real time from the best sources for companies listed on the Paris, Brussels, Amsterdam, Lisbon, Frankfurt and New York stock exchanges. You'll have access to summary articles written by us and press releases published by the companies themselves.

©Dissemination technology Webdisclosure.com - copyright 2025 SYMEX ECONOMICS all rights reserved

WebDisclosure

87, rue Ordener - 75018 Paris

Contact us

+33 1 42 23 83 61