PRESS RELEASE

from Silver Tiger Metals Inc.

Silver Tiger Intersects 2,239.0 g/t AgEq over 9.2 meters within a Broader Interval of 19.0 meters Grading 1,101.2 g/t AgEq in the Sooy Vein Near Surface

HALIFAX, NS / ACCESSWIRE / March 22, 2022 / Silver Tiger Metals Inc. (TSXV:SLVR)(OTCQX:SLVTF) ("Silver Tiger" or the "Corporation") has intersected 2,239.0 g/t silver equivalent over 9.2 meters in the Sooy Vein in Drill Hole ET-21-296 from 36.6 meters to 45.8 meters within a broader mineralized interval of 19.0 meters grading 1,101.2 g/t silver equivalent from 26.8 meters to 45.8 meters.

Highlights from the on-going drilling program include the following:

  • Hole ET-21-296: 9.2 meters grading 2,239.0 g/t silver equivalent from 36.6 meters to 45.8 meters, consisting of 1,877.1 g/t silver, 4.65 g/t gold, 0.03% copper, 0.39% lead and 0.02% zinc within 19.0 meters grading 1,101.2 g/t silver equivalent from 26.8 meters to 45.8 meters, consisting of 921.5 g/t silver, 2.30 g/t gold, 0.02% copper, 0.21% lead and 0.01% zinc
  • Hole ET-21-319: 1.5 meters grading 1,024.4 g/t silver equivalent from 33.5 meters to 35.0 meters, consisting of 887.0 g/t silver, 1.44 g/t gold, 0.07% copper, 0.97% lead and 0.01% zinc within 6.5 meters grading 420.0 g/t silver equivalent from 30.5 meters to 37.0 meters, consisting of 361.6 g/t silver, 0.56 g/t gold, 0.02% copper, 0.57% lead and 0.02% zinc

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

Attached is El Tigre Cross Section 5100N detailing Drill Hole ET-21-296. Also 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 is also attached.

Silver Tiger's CEO, Glenn Jessome, stated, "Drill Holes 296 and 319 are the first holes drilled just north of the Espuelas Canyon on the Sooy Vein. Historical mining at El Tigre on the Sooy Vein stopped just south of the Espuelas Canyon when the miners lost the vein while drifting." Mr. Jessome continued, "We have discovered a continuation of the Sooy Vein with these near surface wide high-grade intercepts in drill holes 296 and 319 at a vertical depth of approximately only 20 meters. Drilling is continuing along strike to the north from these two initial drill holes."

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-21-285

Sooy Vein

123.5

125.0

1.5

0.05

103.0

0.02

0.08

0.11

114.3

ET-21-292

5.0

17.0

12.0

0.23

8.4

0.00

0.00

0.00

25.6

Sooy Vein

111.9

112.9

1.0

0.06

289.0

0.02

0.01

0.01

295.5

Sooy Vein

117.1

121.5

4.4

0.03

54.8

0.01

0.02

0.01

58.7

Mining VOID

121.5

125.1

3.6

*

*

*

*

*

*

ET-21-296

Sooy Vein Zone

21.4

47.2

25.9

1.73

686.7

0.01

0.16

0.01

821.7

including

26.8

45.8

19.0

2.30

921.5

0.02

0.21

0.01

1,101.2

including

36.6

45.8

9.2

4.65

1,877.1

0.03

0.39

0.02

2,239.0

including

39.9

42.7

2.9

0.39

2,450.0

0.03

0.27

0.01

2,488.9

ET-21-298

194.9

196.0

1.1

0.01

35.8

0.02

0.02

0.01

39.2

Sooy Vein

305.7

306.5

0.9

0.03

190.0

0.16

0.04

0.11

211.5

382.7

388.3

5.6

0.05

18.1

0.02

0.04

0.05

26.7

ET-22-319

Sooy Vein Zone

21.4

38.6

17.3

0.24

160.3

0.01

0.23

0.01

185.5

including

30.5

37.0

6.5

0.56

361.6

0.02

0.57

0.02

420.0

including

32.5

35.0

2.5

1.15

690.2

0.04

0.95

0.01

803.9

including

33.5

35.0

1.5

1.44

887.0

0.07

0.97

0.01

1,024.4

Notes:

  1. Not true width.
  2. Silver Equivalent ("EqAg") ratios are based on a silver to gold price ratio of 75:1 (Au:Ag). Copper, lead and zinc are converted using $3.66/lb copper, $0.90/lb lead, $1.26/lb zinc at 100% metal recoveries based on a silver price of $26.00/oz.

Drill Hole Location Table

Hole ID

Easting

Northing

Elevation

Az

Dip

Length

ET-21-285

670736

3384878

1864.8

90

-40

396.5

ET-21-292

670736

3384878

1864.7

90

-27

201.3

ET-21-296

670780

3385102

1812.7

90

-42

289.8

ET-21-298

670735

3384878

1865.0

90

-40

442.2

ET-22-319

670778

3385100

1813.0