SLVR.TO · 2022-05-17 12:00:00

Silver Tiger Intersects 2,338.5 G/T AgEq Over 1.0 Meter Within a Broader Interval of 9.1 Meters Grading 809.7 G/T AgEq in a Step Out Hole in the Black Shale at the Benjamin Vein

Drill Results

Silver Tiger Intersects 2,338.5 G/T AgEq Over 1.0 Meter Within a

Broader Interval of 9.1 Meters Grading 809.7 G/T AgEq in a Step

Out Hole in the Black Shale at the Benjamin Vein

HALIFAX, NOVA SCOTIA / ACCESSWIRE / May 17, 2022 / Silver Tiger Metals Inc.

(TSX.V:SLVR) and (OTCQX:SLVTF) ("Silver Tiger" or the "Corporation") has intersected

2,338.5 g/t AgEq over 1.0 meter within a broader interval of 9.1 meters grading 809.7 g/t AgEq

in a step out hole in the black shale at the Benjamin Vein in drill hole 329.

Highlights from the drill holes include the following:

• Hole ET-21-329: 1.0 meters grading 2,338.5 g/t silver equivalent from 128.9 meters to

129.9 meters, consisting of 1,624.5 g/t silver, 0.28 g/t gold, 0.10% copper, 1.36% lead

and 19.63% zinc within 9.1 meters grading 809.7 g/t silver equivalent from 124.0 meters

to 133.1 meters, consisting of 429.5 g/t silver, 0.22 g/t gold, 0.22% copper, 4.82% lead

and 6.89% zinc in the black shale at the Benjamin Vein.

• Hole ET-21-364: 0.8 meters 450.3 g/t silver equivalent from 127.9 meters to 128.7

meters, consisting of 111.0 g/t silver, 0.20 g/t gold, 0.03% copper, 3.54% lead and 7.18%

zinc within 2.3meters grading 252.8 g/t silver equivalent from 126.4 meters to 128.7

meters, consisting of 76.1 g/t silver, 0.19g/t gold, 0.02% copper, 1.76% lead 3.59% zinc

in the black shale at the Benjamin Vein.

Additional results for the Benjamin Vein and the shale zone 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 6200N showing the intersection of the Benjamin Vein and the

Black Shale Unit by Drill Hole ET-21-272 and ET-21-329. A Plan Map of 4.2 kilometers of the

El Tigre Veins and Drill Holes is also attached.

Silver Tiger's CEO, Glenn Jessome, stated, "Drill Hole 329 is very significant as it is one of the

first near vertical drill holes to test the width of the disseminated high grade mineralization in the

black shale as it extends away from the high grade quartz veins at El Tigre. We are continuing

these vertical holes in the black shale around other major quartz veins at El Tigre to test this new

previously unexplored wide high grade mineralization in the black shale horizon."

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 350 meters of rehabilitation in Level 7, which was the main portal to the

mine. Completed rehabilitation is currently approximately 100 meters from the Sooy Vein.

Glenn Jessome further stated, "We are extremely pleased with Cominvi's underground

rehabilitation of the old mine. Cominvi's expertise, professionalism and safety profile continues

to be exceptional. The first 350 meters of rehabilitation has gone smoothly. We expect to reach

the Sooy Vein workings in another 100 meters, which is approximately 470 meters from the

Level 7 portal."

Drill Hole Results Table

Hol

Comme

Fro

m To

Length(

Gol

d Silver

Coppe

Lea

d Zinc

AgEq

Total

(2)

m m m g/t g/t % % % g/t

ET-

21-

237

80.4 82.9 2.5 0.03 117.2 0.05 0.20 0.03 129.4

81.3 81.8 0.5 0.03 356.0 0.14 0.18 0.03 376.4

Benjami

n Vein

132.

137.

4.8 0.08 45.2 0.03 0.16 0.51 74.6

includin

134.

135.

0.5 0.11 250.0 0.11 0.39 1.54 329.1

ET-

21-

269

Benjami

n Vein

107.

115.

7.9 0.11 74.3 0.02 0.30 0.58 110.8

includin

107.

108.

1.0 0.13 429.5 0.11 1.63 3.10 591.7

includin

108.

0.5 0.19 704.0 0.17 2.68 5.08 966.0

ET-

21-

281

Shale

Zone

124.

130.

6.0 0.15 24.0 0.01 0.05 0.08 40.5

141.

142.

1.4 0.63 4.0 0.00 0.12 0.64 75.8

ET-

21-

286

Benjami

n Vein

92.4 96.0 3.7 0.14 11.6 0.01 0.08 0.35 36.1

includin

94.6 95.3 0.7 0.09 36.9 0.02 0.13 0.39 61.5

and 130.

131.

1.2 0.06 16.6 0.00 0.51 3.84 160.6

ET-

21-

302

Shale

Zone

118.

125.

6.7 0.09 19.2 0.04 0.07 0.14 36.4

includin

122.

124.

1.8 0.10 26.0 0.08 0.19 0.33 56.9

ET-

21-

318

Benjami

n Vein

149.

152.

2.3 0.17 138.0 0.04 0.91 0.75 201.5

includin

151.

152.

0.5 0.19 507.0 0.14 2.00 0.06 584.4

ET-

21-

329

0.0 6.0 6.0 0.05 55.7 0.00 0.01 0.00 59.7

109.

112.

3.0 0.05 47.1 0.01 0.07 0.09 56.3

Shale

Zone

121.

149.

28.0 0.13 161.8 0.27 6.38 2.82 442.4

includin

124.

133.

9.1 0.22 429.5 0.22 4.82 6.89 809.7

includin

128.

132.

3.3 0.32 747.7 0.13 3.30 13.6

1,317.

includin

128.

129.

1.0 0.28 1,624.

0.10 1.36 19.6

2,338.

ET-

21-

336

No Significant Mineralization

ET-

21-

348

Benjami

n Vein

154.

157.

3.0 0.14 28.7 0.01 0.32 1.26 89.0

includin

155.

156.

1.1 0.25 52.7 0.01 0.51 2.71 174.9

ET-

21-

353

No Significant Mineralization

ET-

21-

364

Shale

Zone

102.

128.

25.9 0.14 63.2 0.02 0.30 0.76 107.7

includin

102.

117.

14.2 0.14 83.0 0.03 0.24 0.74 126.3

includin

126.

128.

2.3 0.19 76.1 0.02 1.76 3.59 252.8

includin

127.

128.

0.8 0.20 111.0 0.03 3.54 7.18 450.3

ET-

21-

371

33.7 40.3 6.6 0.13 34.9 0.00 0.05 0.00 45.6

34.7 35.5 0.8 0.77 159.0 0.01 0.13 0.01 220.9

72.3 81.3 9.0 0.04 18.7 0.01 0.04 0.04 25.0

99.5 108.

9.1 0.10 42.3 0.02 0.10 0.10 57.0

includin

103.

104.

1.0 0.42 113.9 0.05 0.04 0.09 153.8

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-21-237 670403 3386044 1915 90 -40 164.7

ET-21-269 670384 3386161 1947 82 -55 228.8

ET-21-281 670337 3386267 1990 90 -53 292.8

ET-21-286 670372 3386195 1959 90 -48 253.2

ET-21-302 670340 3386290 1997 90 -56 283.7

ET-21-318 670274 3386350 2029 90 -40 314.2

ET-21-329 670443 3386200 1987 0 -90 201.3

ET-21-336 670274 3386350 2029 90 -50 283.7

ET-21-348 670252 3386375 2029 90 -40 298.9

ET-21-353 670252 3386375 2029 90 -48 309.6

ET-21-364 670442 3386186 1981 270 -87 207.4

ET-21-371 670442 3386186 1981 90 -87 189.1

Plan Map of Section 6200N

Plan Map of the El Tigre 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 gold). 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

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