Silver Tiger Intersects 59.0 metres of 66.7 g/t silver Equivalent in the Stockwork Zone Including 2.0 metres of 635.1 g/t silver Equivalent within the High-Grade El Tigre Vein

HALIFAX, NS / ACCESSWIRE / July 9, 2024 / Silver Tiger Metals Inc. (TSXV:SLVR)(OTCQX:SLVTF) ("Silver Tiger" or the "Company") is pleased to provide an update on the first 125 drill holes of the Company's Pre-Feasibility Study ("PFS") drilling program on its El Tigre Project in Sonora, Mexico. These new results are highlighting the expansion of the mineralization along the Hanging Wall Zone of the PEA "Starter Pit".

Silver Tiger Attends the Rule Symposium

This week Silver Tiger is attending the Rule Symposium in Boca Raton, Florida. Glenn Jessome, Silver Tiger's CEO, will be delivering a breakfast presentation at the Rule Symposium on Thursday, July 11. The Rule Symposium is a resource investing forum hosted by Rick Rule. Silver Tiger will be located in Booth 44 at the Symposium.

Drill hole ET-24-592 intersected the Hanging Wall Stockwork Zone with 59.0 metres grading 66.7 g/t silver equivalent or 0.89 g/t gold equivalent from 80.3 to 139.3 metres, consisting of 0.62 g/t gold and 20.4 g/t silver INCLUDING the high-grade El Tigre Vein with 2.0 metres grading 635.1 g/t silver equivalent or 8.47 g/t gold equivalent from 134.5 to 136.5 metres, consisting of 2.33 g/t gold and 460.5 g/t silver (Figures 1). The hole was lost in the open stope of the El Tigre vein and abandoned at a depth of 143.3 metres.

Highlighted Intersections

New intersections through the Stockwork gold deposit, comprised of the Footwall, Hanging Wall and high-grade Keel Zones, are highlighted below, shown on Figure 2 and listed in Table 1.

• Drill hole ET-24-590: 72.0 metres grading 60.8 g/t silver equivalent or 0.81 g/t gold equivalent from 148.0 to 220.0 metres, consisting of 0.62 g/t gold and 14.5 g/t silver INCLUDING 24.0 metres grading 90.2 g/t silver equivalent or 1.20 g/t gold equivalent from 181.5 to 205.5 metres consisting of 1.02 g/t gold and 14.0 g/t silver. The hole shows consistent, high-grade mineralization some 100 metres north of the Starter Pit area, expanding mineralization to the north.

• Drill hole ET-24-588: 22.0 metres grading 101.5 g/t silver equivalent or 1.35 g/t gold equivalent from 76.5 to 98.5 metres, consisting of 0.62 g/t gold and 54.7 g/t silver AND 11.0 metres grading 139.4 g/t silver equivalent or 1.86 g/t gold equivalent from 146.5 to 157.5 metres consisting of 0.16 g/t gold and 127.7 g/t silver. The hole confirms the Hanging Wall Zone 400 metres south of the Starter Pit and confirms unmined, high-grade El Tigre Vein in the area.

• Drill hole ET-24-586: 18.2 metres grading 46.2 g/t silver equivalent or 0.62 g/t gold equivalent from 1.0 to 19.2 metres, consisting of 0.53 g/t gold and 6.6 g/t silver in the Footwall Zone AND 1.8 metres grading 1123.4 g/t silver equivalent or 14.98 g/t gold equivalent from 33.7 to 35.5 metres consisting of 1.10 g/t gold and 1041.0 g/t silver in the El Tigre Vein showing high-grade, consistent mineralization to south of PEA ‘Starter Pit.

Figure 1 : Stockwork Zone Cross Section 4100 N

Silver Tiger's CEO, Glenn Jessome, stated, "We continue to receive promising results for our PFS Drilling Program, especially in the newly defined Hanging Wall Zone and high-grade El Tigre Vein" Mr. Jessome further stated, "These results further de-risk the project, as we increase the confidence and size of the new MRE. We intend to release our PFS by September 2024."

On May 20 ^th , Silver Tiger has completed PFS Drilling, totalling 24,550 metres focused on expanding the Mineral Resource, upgrading the classification, completing metallurgical test work and geotechnical studies as it progresses from an exploration to a development project. The value-added PFS progress is on schedule for publication in H2-2024.

Figure 2: Stockwork Zone - Plan View

Highlights from the on-going Pre-Feasibility Study Drilling Program include the following:

• Expanding known mineralization by 10 to 15%, to the footwall and hanging wall zones, as well as the higher-grade ‘Keel' at PEA pit bottom associated with the El Tigre and SK Veins;

• Converting first two to three years of mineralized material in the potential ‘Starter Stockwork Zone' from Indicated Mineral Resource to Measured;

• Converting a significant portion of the 2 kilometres strike length ‘ultimate' PEA pit-constrained Inferred Mineral Resource to Indicated;

• Completion of enhanced PFS Metallurgical Drilling, with samples underway comminution and leach testing; and

• Completion of enhanced PFS Geotechnical Drilling, with samples undergoing testing.

Mineral Resource Drilling

P&E Mining Consultants Inc. ("P&E") of Brampton, Ontario completed the initial MRE in 2017. On Oct 27, 2023, P&E released an updated El Tigre Project NI 43-101 and NI 43-01 F1 compliant MRE technical report titled "Technical Report and Updated Mineral Resource Estimate of the El Tigre Silver-Gold Project, Sonora, Mexico" authored by William Stone, Ph.D., P.Geo.,Yungang Wu, P.Geo., Fred H. Brown, P.Geo., Jarita Barry, P.Geo., David Burga, P.Geo., D. Grant Feasby, P.Eng., Eugene Puritch, P.Eng., FEC, CET and David Salari, P.Eng. The MRE has a pit-constrained Indicated Mineral Resource totaling 43.0 million tonnes containing 818 thousand ounces AuEq grading 0.59 g/t AuEq; and a pit-constrained Inferred Mineral Resource of 11.5 million tonnes containing 267 thousand ounces AuEq grading 0.72 g/t AuEq (see update MRE press release dated September 12 ^th 2023).

PEA-level bench optimization of the pit-constrained Mineral Resource highlighted the higher-grade (~0.80 gpt AuEq), low strip ratio (~0.3) potential Starter Stockwork Zone (see PEA press release dated November 1 ^st , 2023). Recommendations of the PEA-level study included increasing Mineral Resource confidence in potential ‘Starter Stockwork Zone' and additional exploratory drilling to target the 1) Footwall, 2) Hanging Wall and 3) ‘Keel' areas of the Stockwork Zone. P&E were again retained to lead the current El Tigre PFS-level study. Complete and final assay results are listed in Table 1.

Below, highlighted intersections are enumerated with reference to the three (3) zones targeted (Figure 2):

• Drill hole ET-24-590: The hole shows consistent, high grade mineralization some 100 metres north of the Starter Pit area, expanding mineralization to the north;

• Drill hole ET-24-592: The hole carries the stockwork zone mineralization in the Hanging Wall of the Stater Pit area,

• Drill hole ET-24-588 The hole confirms the Hanging Wall Zone 400 metres south of the Starter Pit and confirms unmined, high-grade El Tigre Vein in the area; and

• Drill hole ET-24-586: The Hole intersects the El Tigre Vein showing high-grade, consistent mineralization to south of PEA ‘Starter Pit.

Table 1-Mineral Resource Drill Hole Results