Silver Tiger Intersects 1,203.8 G/T Ageq over 0.7 Meters IN the Seitz Kelly Vein

NEWS RELEASE

SILVER TIGER INTERSECTS 1,203.8 g/t AgEq OVER 0.7 METERS IN THE

SEITZ KELLY VEIN

HALIFAX, NOVA SCOTIA – September 27, 2022 – Silver Tiger Metals Inc. (TSXV:SLVR and

OTCQX:SLVTF) ("Silver Tiger" or the “Corporation”) has intersected 1,203.8 g/t silver equivalent over

0.7 meters in the Seitz Kelly Vein in Drill Hole ET-308 from 142.7 meters to 143.4 meters.

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

● Hole ET-308: 0.7 meters grading 1,203.8 g/t silver equivalent from 142.7 meters to 143.4 meters,

consisting of 1,022.0 g/t silver, 0.23 g/t gold, 0.55% copper, 3.16% lead and 1.08% zinc in the Seitz

Kelly Vein.

● Hole ET-316: 0.5 meters grading 1,010.9 g/t silver equivalent from 104.3 meters to 104.8 meters,

consisting of 835.0 g/t silver, 2.30 g/t gold, 0.03% copper, 0.02% lead and 0.02% zinc in the El

Tigre Vein.

Additional drill results for the El Tigre Vein and Seitz Kelly 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 4870N detailing Drill Hole ET-316. Also attached is a Plan Map of the

600 meter central portion of the Seitz Kelly Vein and a Plan Map of the El Tigre Veins and Drill Holes.

Underground Rehabilitation at Historic El Tigre Mine Update

As previously announced Silver Tiger has contracted Cominvi, a Mexican underground contract mining

and development company to rehabilitate the Historic El Tigre Mine. Cominvi are progressing well in the

underground rehabilitation of the Historic El Tigre Mine and have already completed over 400 meters of

rehabilitation in Level 7, which was the main portal to the mine . Silver Tiger is still on schedule to reach

the Sooy Vein in the coming weeks and then begin underground drilling.

Silver Tiger’s CEO, Glenn Jessome, stated, “We continue drilling underneath the Northern unmined portion

of the El Tigre Mine. We have drilled more high grade silver intercepts in the El Tigre Vein and the Seitz

Kelly Vein like the old timers mined up to 1930 when the great depression closed the mine. We continue

drilling multiple holes deep under the old mine where we had our wide high grade silver discovery that was

announced two weeks ago. This exploration tar get is 1300 meters long by 500 meters deep and open to

depth and to the North, with all three of the Sooy, El Tigre and Seitz Kelly Veins passing up through it..”

Current Drill Target – Un-mined Northern El Tigre Mine

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-299 84.3 89.7 5.4 0.56 11.4 0.00 0.01 0.03 54.3

95.7 115.0 19.3 0.46 10.7 0.00 0.01 0.03 46.8

including 96.4 99.1 2.7 0.78 43.3 0.00 0.03 0.04 104.5

232.0 240.0 8.0 0.40 25.2 0.01 0.02 0.05 58.4

including 233.5 235.8 2.3 0.97 17.5 0.00 0.04 0.09 94.6

and 272.0 275.0 3.0 0.02 62.0 0.03 0.04 0.04 68.4

ET-301 El Tigre

Au Zone

9.2 46.3 37.1 0.20 7.2 0.00 0.02 0.02 23.3

and 77.5 82.6 5.1 0.01 27.0 0.01 0.01 0.00 28.6

Seitz Kelly

Vein

202.5 204.0 1.5 1.00 0.3 0.00 0.00 0.01 75.3

and 238.0 241.0 3.0 0.26 2.3 0.00 0.01 0.02 23.1

and 255.0 258.0 3.0 0.68 0.3 0.00 0.00 0.00 51.5

ET-303 El Tigre

Au Zone

37.9 39.4 1.5 0.30 18.2 0.01 0.01 0.01 41.8

El Tigre

Au Zone

59.9 71.0 11.1 0.10 9.7 0.00 0.02 0.04 19.5

El Tigre

Au Zone

78.0 100.3 22.3 0.08 18.1 0.01 0.02 0.01 25.6

Mining

VOID

100.3 103.0 2.7 * * * * * *

El Tigre

Au Zone

124.1 127.0 2.9 0.06 27.6 0.01 0.01 0.01 33.3

El Tigre

Au Zone

138.8 149.3 10.5 0.05 17.0 0.01 0.01 0.01 21.8

181.0 182.5 1.5 0.17 53.8 0.03 0.01 0.02 70.2

190.0 204.4 14.4 0.25 1.2 0.00 0.00 0.01 20.2

217.0 223.0 6.0 0.21 1.7 0.00 0.01 0.04 19.9

275.3 276.3 1.0 0.20 145.0 0.08 0.19 0.05 173.1

288.6 295.2 6.6 0.24 4.1 0.00 0.01 0.03 23.2

ET-308 El Tigre

Au Zone

5.7 33.6 27.9 0.50 25.7 0.01 0.02 0.02 64.8

including 15.8 33.6 17.8 0.57 40.0 0.01 0.03 0.03 85.3

including 24.4 28.0 3.6 1.45 144.3 0.03 0.14 0.06 260.9

including 24.4 25.4 1.0 1.82 366.0 0.05 0.27 0.16 518.9

Seitz Kelly

Vein

141.9 143.4 1.5 0.12 497.4 0.27 1.50 0.52 585.5

including 142.7 143.4 0.7 0.23

1,022.0

0.55 3.16 1.08

1,203.8

and 255.5 259.5 4.0 0.02 67.1 0.03 0.01 0.02 73.0

including 259.0 259.5 0.5 0.02 376.0 0.19 0.01 0.09 398.9

ET-309 13.8 15.3 1.5 1.74 5.2 0.00 0.00 0.01 136.3

El Tigre

Au Zone

81.8 101.3 19.5 0.74 47.6 0.01 0.02 0.05 105.5

including 86.0 90.5 4.5 1.75 94.1 0.02 0.04 0.07 230.4

including 98.5 100.8 2.3 0.76 133.8 0.01 0.02 0.03 193.2

117.0 120.8 3.8 0.57 1.0 0.00 0.01 0.02 44.4

159.8 165.8 6.0 0.41 0.3 0.00 0.00 0.01 31.5

186.8 189.8 3.0 0.73 1.4 0.00 0.01 0.01 56.8

Seitz Kelly

Vein

214.7 216.6 1.9 0.37 23.5 0.01 0.01 0.01 53.0

ET-311 El Tigre

Au Zone

63.5 99.0 35.5 0.24 110.0 0.02 0.11 0.10 136.3

including 78.2 95.9 17.7 0.28 189.4 0.03 0.17 0.09 220.0

including 79.3 87.4 8.1 0.45 341.9 0.04 0.32 0.15 391.9

including 83.5 86.8 3.3 0.42 621.8 0.05 0.62 0.22 679.8

El Tigre

Vein

83.5 86.2 2.7 0.29 684.7 0.05 0.75 0.25 737.1

El Tigre

Vein

83.5 85.5 2.0 0.35 732.0 0.04 1.01 0.33 797.1

and 170.2 172.4 2.2 0.80 133.3 0.01 0.02 0.02 195.5

and 211.8 223.5 11.7 0.69 0.5 0.00 0.00 0.01 52.6

ET-316 El Tigre

Au Zone

87.4 98.3 10.9 0.58 6.3 0.00 0.01 0.04 51.5

El Tigre

Vein

101.6 107.5 5.9 0.37 86.4 0.00 0.01 0.02 115.2

including 104.3 105.4 1.1 1.44 417.1 0.01 0.02 0.02 527.5

including 104.3 104.8 0.5 2.30 835.0 0.03 0.02 0.02

1,010.9

Seitz Kelly

Vein

221.8 230.7 8.9 0.64 11.0 0.00 0.01 0.01 59.9

including 221.8 222.3 0.5 2.82 36.1 0.01 0.01 0.04 250.3

and 346.0 353.0 7.0 0.49 0.4 0.00 0.00 0.00 37.1

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-299 670971 3384781 1953.2 90 -40 335.5

ET-301 671060 3385138 1927.9 90 -39 330.9

ET-303 670938 3384920 1850.8 96 -40 332.5

ET-308 671060 3385138 1928.0 90 -60 372.1

ET-309 670972 3384781 1953.2 97 -30 363.0

ET-311 670940 3384920 1850.9 90 -25 338.6

ET-316 670971 3384780 1953.2 105 -30 379.7

El Tigre Cross Section 4870N (Drill Hole ET-316)

Plan Map of 600 Meters of the Seitz Kelly Vein

Plan Map of the Seitz Kelly Veins and Drill Holes

El Tigre Resource Estimate

After acquiring El Tigre, Silver Tiger drilled 12,500 meters to define the wide halo of near surface gold

mineralization around the mined high-grade veins of the historic El Tigre Mine. This allowed Silver Tiger

to deliver a maiden resource estimate for the El Tigre Property to a depth of 150 meters containing indicated

resources of 661,000 gold equivalent ounces at 0.77 g/t (21 g/t silver and 0.51 g/t gold) and inferred

resources of 341,000 gold equivalent ounces at 1.59 g/t (88 g/t silver and 0.52 g/t gol d). The National

Instrument 43-101 Technical Report titled “NI 43 -101 Technical Report and Updated Mineral Resource

Estimate on the El Tigre Project, Sonora, México” effective as of September 7, 2017 and dated October 26,

2017 prepared by David Burga, P.Geo., Yungang Wu, P.Geo., Fred Brown, P.Geo., Jarita Barry, P.Geo.,

Eugene Puritch, P.Eng., FEC, CET, Alfred Hayden, P.Eng. and Richard H. Sutcliffe, Ph.D., P.Geo. of P&E

Mining Consultants Inc. is available on the Corporation’s website at www.silvertigermetals.com and on

www.sedar.com under the Corporation’s profile.

About Silver Tiger and the El Tigre Historic Mine District

Silver Tiger Metals Inc. is a Canadian company whose management has more than 25 years’ experience

discovering, financing and building large hydrothermal silver projects 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.

The El Tigre historic mine district is located in Sonora, Mexico and lies at the northern end of the Sierra

Madre silver and gold belt which hosts many epithermal silver and gold deposits, including Dolores, Santa

Elena and Las Chispas at the northern end. In 1896, gold was first discovered on the property in the Gold

Hill area and mining started with the Brown Shaft in 1903. The focus soon changed to mining high-grade

silver veins in the area with production coming from 3 parallel veins the El Tigre Vein, the Seitz Kelley

Vein and the Sooy Vein. Underground mining on the middle El Tigre vein extended 1,450 meters along

strike and was mined on 14 levels to a depth of approximately 450 meters. The Seitz Kelley Vein was

mined along strike for 1 kilometer to a depth of approximately 200 meters. The Sooy Vein was only mined

along strike for 250 meters to a depth of approximately 150 meters. Mining abruptly stopped on all 3 of

these veins when the price of silver collapsed to less than 20¢ per ounce with the onset of the Great

Depression. By the time the mine closed in 1930, it is reported to have produced a total of 353,000 ounces

of gold and 67.4 million ounces of silver from 1.87 million tons (Craig, 2012). The average grade mined

during this period was over 2 kilograms silver equivalent per ton.

The El Tigre silver and gold deposit is related to a series of high -grade epithermal veins controlled by a

north-south trending structure cutting across the andesitic and rhyolitic tuffs of the Sierra Madre Volcanic

Complex within a broad silver and gold mineralized prophylitic alteration zone developed in the El Tigre

Formation that can be up to 150 meters wide. The veins dip steeply to the west and are typically 0.5 meter

wide but locally can be up to 5 meters in width. The veins, structures and mineralized zones outcrop on

surface and have been traced for 5.3 kilometers along strike in our brownfield exploration area. Historical

mining and exploration activities focused on a 1. 6 kilometer portion of the southern end of the deposits,

principally on the El Tigre, Seitz Kelly and Sooy veins. The under explored Caleigh, Benjamin, Protectora

and the Fundadora exposed veins continue north for more than 3 kilometers. Silver Tiger has delivered its

maiden 43-101 compliant resource estimate and is currently drilling to update its resource estimate and

publish a PEA.

VRIFY Slide Deck and 3D Presentation – Silver Tiger’s El Tigre Project

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with the VRIFY iOS and Android apps.

Access the Silver Tiger Metals Inc. Company Profile on VRIFY at: https://vrify.com