Silver Tiger Announces Closing of C$28,773,000 Bought Deal Financing
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NEWS RELEASE
Silver Tiger Announces Closing of C$28,773,000 Bought Deal Financing
HALIFAX, NOVA SCOTIA – October 7, 2025 – Silver Tiger Metals Inc. (TSXV:SLVR) (“Silver Tiger”
or the “Company”) is pleased to announce that it has closed its previously announced bought deal offering
(the “Offering”) of common shares of the Company (the “ Shares”) with a syndicate of underwriters. An
aggregate of 39,962,500 Shares at a price of C$0.72 per Share for gross proceeds to the Company of
approximately C$28,773,000 were sold. The Company intends to use the proceeds of the Offering to fund
exploration and development expenditures at the Comp any’s El Tigre Project in Mexico, as well as for
working capital and general corporate purposes.
The syndicate of underwriters was led by Stifel Nicolaus Canada Inc. (“ Stifel”) as sole bookrunner, and
Desjardins Capital Markets (together with Stifel, the “ Co-Lead Underwriters”) as co-lead underwriters,
and BMO Capital Markets and Ventum Financial Corp . (together with the Co-Lead Underwriters, the
“Underwriters”). The Underwriters were paid a cash commi ssion of 6% on the gross proceeds of the
Offering, except in respect of proceeds received from certain orders arranged by the Company, of which
up to C$3,000,000 was subject to a reduced commissi on rate of 3.0% and up to C$2,000,000 was subject
to a reduced commission rate of 5.0%.
The Offering was completed by way of short form pr ospectus in each of the provinces of Canada, except
Québec, and outside of Canada in accordance with applicable securities laws.
This news release does not constitute an offer to sell or a solicitation of an offer to buy nor shall there be
any sale of any of the securities in any state in which such offer, solicitation or sale would be unlawful. The
securities have not been and will not be registered under the United States Securities Act of 1933, as
amended (the “ U.S. Securities Act ”), or any U.S. state securities laws , and may not be offered or sold
within the United States absent registration or an appl icable exemption from the registration requirements
of the U.S. Securities Act, and applicable securities laws.
About Silver Tiger and the El Tigre Historic Mine District
Silver Tiger Metals Inc. is a Canadian company who se management has more than 27 years’ experience
discovering, financing, and building large hydrothermal gold and silver mines in Mexico. Silver Tiger’s
100% owned 28,414 hectare Historic El Tigre Mining District is located in Sonora, Mexico. Principled
environmental, social and governance practices are core priorities at Silver Tiger.
Silver Tiger commenced work on its El Tigre Project in 2017. Silver Tiger has drilled over 150,000 meters
at the El Tigre Project, with 119,000 meters comple ted since 2020. Silver Tiger has completed several
MREs, a maiden MRE in 2017 and MRE updates in 2023 and 2024. The PEA for the El Tigre open pit was
released in November 2023.
The October 2024 PFS for the El Tigre open pit deliv ered robust economics. The PFS projects an After-
Tax NPV of US$222 million at a 5% discount rate, an After-Tax IRR of 40.0%, and a payback period of
2.0 years. This open pit operation is expected to have a 10-year mine life. The El Tigre project delivers a
life of mine undiscounted After-Tax Cash Flow of US$318 million, with initial capital costs of US$86.8
million (including US$9.3 million in contingency). Operating cash costs are projected at US$973/oz AuEq
and US$12/oz AgEq, with AISC at US$1,214/oz AuEq and US$14/oz AgEq. The economics of the Project
have been evaluated based on a discounted US$26/oz silver price and gold price of US$2,150/oz.
VRIFY Slide Deck and 3D Presentation – Silver Tiger’s El Tigre Project
VRIFY is a platform being used by companies to co mmunicate with investors using 360° virtual tours of
remote mining assets, 3D models and interactive presentations. VRIFY can be accessed by website and
with the VRIFY iOS and Android apps.
Access the Silver Tiger Metals Inc. Corporate Profile on VRIFY at: https://vrify.com
The VRIFY Slide Deck and 3D Presentation for S ilver Tiger Metals Inc. can be viewed at:
https://vrify.com/explore/decks/492 and on the Company’s website at: www.silvertigermetals.com.
Qualified Person
David R. Duncan, P. Geo., V.P. Exploration of the Corporation, is the Qualified Person for Silver Tiger as
defined under National Instrument 43-101. Mr. Duncan has reviewed and approved the scientific and
technical information in this news release.
For further information, please contact:
Glenn Jessome
President and CEO
902 492 0298
CAUTIONARY STATEMENT:
Neither TSX Venture Exchange nor its Regulati on Services Provider (as that term is defined in the policies of the TSX Venture
Exchange) accepts responsibility for the adequacy or accuracy of this release.
This News Release includes certain “forward-looking statements”. All statements other than statements of historical fact included
in this release, including, without limitation, statements regarding potential mineralization, resources and reserves, the ability to
convert inferred resources to indicated re sources, the ability to complete future drilling programs and infill sampling, the ability
to extend resource blocks, the si milarity of mineralization at El Tigre to De lores, Santa Elena and Chispas, exploration result s,
and future plans and objectives of Silver Ti ger, are forward-looking statements that involve various risks and uncertainties.
Forward looking statements are frequently characterized by words such as “may”, “is expected to”, “anticipates”, “estimates”,
“intends”, “plans”, “projection”, “coul d”, “vision”, “goals”, “obj ective” and “outlook” and ot her similar words. Although
Silver Tiger believes the expectations expressed in such forwar d-looking statements are based on reasonable assumptions, there
can be no assurance that such statements will prove to be accu rate and actual results and future events could differ materially
from those anticipated in such statements. Important factors that could cause actual results to differ materially from Silver Tiger’s
expectations include risks and uncertainties related to exploration, development, operations, commodity prices and global financial
volatility, risk and uncertainties of operating in a foreign jurisdiction as well as additional risks described from time to time in the
filings made by Silver Tiger with securities regulators.