PRESS RELEASE

from Silver Tiger Metals Inc. (isin : CA82831T1093)

Silver Tiger Intersects 6.3 meters of 1,581.4 g/t silver Equivalent within 38.7 meters of 438.9 g/t silver Equivalent at the Southern End of the Sulphide Zone

HALIFAX, NS / ACCESSWIRE / May 4, 2023 / Silver Tiger Metals Inc. (TSXV:SLVR) and (OTCQX:SLVTF) ("Silver Tiger" or the "Corporation") has intersected 1,581.4 g/t total silver equivalent over 6.3 meters in the Sulphide Zone in Drill Hole ET-23-457 from 445.0 meters to 451.3 meters, consisting of 1,100.1 g/t silver, 0.15 g/t gold, 0.87% copper, 5.10% lead and 8.01% zinc within 38.7 meters grading 438.9 g/t total silver equivalent from 441.0 meters to 479.7 meters consisting of 297.5 g/t silver, 0.11 g/t gold, 0.28% copper, 1.42% lead and 2.19% zinc in the Sulphide Zone.

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

● Hole ET-23-457: 3.4 meters grading 1,948.8 g/t total silver equivalent from 445.0 meters to 448.4 meters, consisting of 1,245.7 g/t silver, 0.13 g/t gold, 1.00% copper, 6.38% lead and 13.43% zinc within 38.7 meters grading 438.9 g/t total silver equivalent from 441.0 meters to 479.7 meters consisting of 297.5 g/t silver, 0.11 g/t gold, 0.28% copper, 1.42% lead and 2.19% zinc in the Sulphide Zone.

Drill Hole ResultsTable

Hole ID

Comment

From
m

To
m

Length (1)
m

Gold
g/t

Silver
g/t

Copper
%

Lead
%

Zinc
%

AgEq Total (2)
g/t

ET-23-455

Sooy Vein

272.0

273.5

1.5

0.04

147.0

0.07

0.01

0.04

158.4

Sulphide Zone

468.8

481.2

12.4

0.14

97.8

0.13

0.93

1.78

201.9

including

468.8

474.7

5.9

0.12

201.1

0.24

1.92

3.69

401.5

including

470.3

474.1

3.8

0.10

292.5

0.34

2.70

5.26

570.8

including

472.3

473.5

1.2

0.12

436.4

0.50

3.32

6.66

792.7

ET-23-457

Sulphide Zone

441.0

479.7

38.7

0.11

297.5

0.28

1.42

2.19

438.9

including

441.0

456.8

15.8

0.17

692.6

0.60

2.99

4.61

986.8

including

445.0

451.3

6.3

0.15

1,100.1

0.87

5.10

8.01

1,581.4

including

445.0

448.4

3.4

0.13

1,245.7

1.00

6.38

13.43

1,948.8

including

447.8

448.4

0.6

0.15

1,943.0

1.58

7.29

10.95

2,642.2

Notes: 1. Not true width.

2. Silver Equivalent ("EqAg") ratios are based on a silverto gold priceratio 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.

Silver Tiger's CEO, Glenn Jessome, stated, "The Sulphide Zone is alive and wide to the South. We originally thought the Sulphide Zone was thinning after the initial few holes going south. We were wrong. The team saw the geometry at the northern end of the Sulphide Zone forming and projected that to the southern end and drilled to intersect down deeper and east along plan and the first two Holes 455 and 457 nailed it." Mr. Jessome continued: "With these holes we have added an additional 100 metres of down dip extent to east from Hole 428 to 457 and what we thought was a thin zone of a little over a meter went to almost 39 meters of high grade mineralization. Step out drilling now continues south."

Drill Holes Previously Released from the Sulphide Zone.

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-22-443

Sulphide Zone

362.8

367.5

4.7

0.11

419.8

0.45

0.26

0.42

491.4

including

365.2

366.3

1.1

0.29

901.0

1.00

0.84

1.05

1,073.3

Sulphide Zone

418.6

456.4

37.8

0.19

171.7

0.39

1.85

3.67

388.8

including

441.0

444.3

3.3

0.19

633.8

1.04

4.80

11.38

1,239.0

including

443.2

444.3

1.1

0.18

977.0

1.65

4.79

12.32

1,671.5

ET-22-441

Sulphide Zone

415.3

435.3

20.0

0.35

369.0

0.85

4.11

8.15

845.1

including

432.5

434.5

2.0

0.20

1,255.7

2.02

12.67

26.87

2,656.0

including

432.5

433.8

1.3

0.21

1,484.1

2.71

14.67

29.82

3,097.9

ET-22-440

Sulphide Zone

377.1

434.3

57.2

0.20

231.5

0.41

0.71

1.02

336.2

Sulphide Zone

397.9

434.3

36.4

0.25

314.6

0.58

0.90

1.40

457.2

including

421.7

424.5

2.8

0.21

1,986.3

4.02

3.94

5.64

2,668.8

including

421.7

423.2

1.5

0.25

2,714.0

5.41

0.08

1.04

3,289.9

including

422.5

423.2

0.7

0.26

3,054.0

7.28

0.09

1.37

3,822.4

ET-22-438

HW Gold Zone

9.2

52.7

43.5

0.16

18.7

0.00

0.01

0.01

31.3

including

29.0

29.6

0.6

2.26

566.0

0.02

0.02

0.02

739.5

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