SLVR.TO · 2023-07-25 12:00:00

Silver Tiger Intersects 2.7 Meters of 1,268.6 G/T Silver Equivalent Within 9.9 Meters of 711.2 G/T Silver Equivalent at the Southern End of the Sulphide Zone

Drill Results

NEWS RELEASE

SILVER TIGER INTERSECTS 2.7 METERS OF 1,268.6 g/t SILVER EQUIVALENT

WITHIN 9.9 METERS OF 711.2 g/t SILVER EQUIVALENT AT THE

SOUTHERN END OF THE SULPHIDE ZONE

HALIFAX, NOVA SCOTIA – July 25, 2023 – Silver Tiger Metals Inc. (TSXV:SLVR and

OTCQX:SLVTF) ("Silver Tiger" or the “Corporation”) has intersected 1,268.6 g/t total silver equivalent

over 2.7 meters in the Sulphide Zone in Drill Hole ET -23-463 from 466.1 meters to 468.8 meters,

consisting of 1,089.2 g/t silver, 0.14 g/t gold, 1.01% copper, 0.96% lead and 1.47% zinc within 9.9 meters

grading 711.2 g/t total silver equivalent from 461.0 meters to 470.9 meters consisting of 609.7 g/t silver,

0.13 g/t gold, 0.61% copper, 0.41% lead and 0.70% zinc in the Sulphide Zone.

Highlights from the drilling program include the following:

● Hole ET-23-464: 6.7 meters grading 495.9 g/t total silver equivalent from 541.5 meters to 548.2

meters, consisting of 43.1 g/t silver, 0. 33 g/t gold, 0.03% copper, 1.72% lead and 11.61% zinc

within 13.9 meters grading 280.5 g/t total silver equivalent from 538.0 meters to 551.9 meters

consisting of 27.4 g/t silver, 0.23 g/t gold, 0.02% copper, 1.16% lead and 6.22% zinc in the Sulphide

Zone.

Drill Hole Results Table

Hole ID

Comment

From

Length (1)

Gold

g/t

Silver

g/t

Copper

Lead

Zinc

AgEq Total (2)

g/t

ET-23-463 Open Pit

Gold Zone

83.0 119.0 36.0 0.95 1.7 0.00 0.01 0.01 73.4

including 84.1 90.5 6.4 2.79 1.9 0.00 0.01 0.01 211.8

including 89.0 90.5 1.5 7.18 4.8 0.01 0.01 0.01 544.2

Sulphide

Zone

461.0 470.9 9.9 0.13 609.7 0.61 0.41 0.70 711.2

including 462.6 468.8 6.2 0.18 827.3 0.83 0.56 0.87 962.8

including 462.6 463.3 0.7 0.19 1,431.0 2.08 0.48 1.69 1,712.7

including 466.1 468.8 2.7 0.14 1,089.2 1.01 0.96 1.47 1,268.6

including 466.1 468.1 2.0 0.14 1,165.6 1.04 0.85 0.51 1,313.3

El Tigre

Vein Zone

482.6 486.6 4.0 0.17 212.7 0.24 1.70 1.40 334.8

including 482.6 485.8 3.2 0.18 243.3 0.27 2.02 1.63 385.2

ET-23-464 HW Gold

Zone

487.0 490.0 3.0 0.04 63.1 0.08 0.24 0.03 80.5

including 488.3 489.0 0.7 0.04 167.0 0.18 0.62 0.06 204.0

HW Gold

Zone

497.0 509.0 12.0 0.07 31.1 0.13 0.48 0.37 72.4

including 497.0 500.0 3.0 0.08 69.2 0.09 0.73 1.16 139.9

Sulphide

Zone

538.0 551.9 13.9 0.23 27.4 0.02 1.16 6.22 280.5

including 541.5 548.2 6.7 0.33 43.1 0.03 1.72 11.61 495.9

including 547.0 547.7 0.7 0.21 38.9 0.04 2.55 24.64 936.4

and 565.1 568.2 3.1 0.26 14.4 0.02 0.18 0.71 63.8

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.

Silver Tiger’s CEO, Glenn Jessome, stated, “This drilling indicates that the Sulphide Zone continues to

extend along strike with an increase of 50 meters to the south . The high-grade Sulphide Zone now has a

total strike length of over 250 meters and is open in all directions. Further drilling to the north and south

of the Sulphide Zone should continue to expand this area of known mineralization.”

Drill Holes Previously Released from the Sulphide Zone.

Hole ID

Comment

From

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

Sooy Vein

Zone

321.3 324.5 3.2 0.52 300.5 0.18 0.73 0.33 384.8

including 322.1 323.0 0.9 1.51 773.0 0.48 2.08 0.77 1,006.7

Sulphide

Zone

393.5 413.0 19.5 0.27 408.4 0.53 0.88 0.83 527.5

including 394.8 398.5 3.7 0.24 879.4 0.76 0.86 1.36 1,035.8

including 396.0 396.5 0.5 0.62 2,796.0 1.75 1.85 4.16 3,193.1

including 403.8 411.8 8.0 0.51 564.3 0.90 1.68 1.31 771.9

including 406.3 407.0 0.7 1.47 1,148.0 1.40 1.52 0.71 1,452.3

ET-22-434 HW Gold

Zone

6.5 15.0 8.5 0.39 96.7 0.01 0.08 0.01 129.8

including 10.1 11.6 1.5 2.04 336.0 0.02 0.17 0.04 496.6

Sooy Vein

Zone

184.6 197.6 13.0 0.16 172.5 0.36 2.08 2.56 354.0

including 190.6 195.8 5.2 0.19 326.4 0.84 4.89 5.97 734.8

including 192.3 194.4 2.1 0.24 496.1 1.76 7.17 8.62 1,139.2

Sulphide

Zone

306.7 313.3 6.6 0.11 376.8 0.32 0.14 0.09 421.9

including 311.3 313.3 2.0 0.20 1,116.5 0.89 0.20 0.11 1,225.9

including 312.3 313.3 1.0 0.25 1,859.0 1.44 0.33 0.19 2,030.4

Sulphide

Zone

361.7 381.6 19.9 0.22 605.6 1.13 4.04 7.43 1,072.9

including 370.1 380.6 10.5 0.20 914.0 1.68 5.92 12.42 1,642.4

including 359.0 360.2 1.2 0.19 1,345.0 1.57 2.10 0.83 1,587.4

ET-22-433 HW Gold

Zone

0.0 14.2 14.2 0.10 56.9 0.01 0.04 0.01 66.8

Sooy Vein

Zone

190.9 201.9 11.0 0.29 165.4 0.16 1.43 4.42 382.5

including 193.6 198.4 4.8 0.41 369.9 0.35 3.19 9.96 840.2

including 194.7 195.8 1.1 0.12 634.5 0.57 4.68 18.48 1,422.5

Sulphide

Zone

330.5 374.9 44.4 0.16 508.2 0.55 1.76 3.17 720.5

including 332.9 337.9 5.0 0.17 1,431.8 1.41 2.47 6.27 1,846.8

including 335.5 336.1 0.6 0.18 3,225.0 4.19 5.34 15.59 4,285.5

including 364.5 370.5 6.0 0.20 1,354.4 1.57 6.10 10.86 2,025.5

including 366.8 367.8 1.0 0.19 2,371.5 3.07 10.00 17.81 3,508.8

ET-22-432 HW Gold

Zone

4.6 14.0 9.4 0.10 39.0 0.01 0.02 0.02 48.5

Sooy Vein

Zone

191.2 201.6 10.4 0.16 399.0 0.43 2.84 5.16 690.6

including 195.6 197.7 2.1 0.24 1,153.6 1.29 9.76 16.82 2,084.8

Sulphide

Zone

348.4 383.2 34.8 0.13 257.4 0.47 1.18 2.02 407.4

including 372.4 380.6 8.2 0.13 956.6 1.69 3.58 7.01 1,446.2

including 378.5 380.6 2.1 0.17 1,663.5 4.32 6.28 11.50 2,622.5

ET-22-431 HW Gold

Zone

10.1

46.5

36.4

0.13

41.9

0.00

0.01

52.6

including

10.1

11.6

1.5

0.11

731.0

0.00

0.05

0.00

740.9

Sooy Vein

Zone

83.9

86.7

2.8

0.59

137.4

0.03

0.19

0.24

196.5

339.5

342.6

3.1

0.06

211.5

0.08

0.02

0.03

225.2

El Tigre

Vein

409.1

418.5

9.4

0.19

641.3

0.65

3.32

6.51

1,013.3

including

413.5

415.6

2.1

0.19

1,536.1

1.62

7.71

13.66

2,341.9

ET-23-445 Sulphide Zone 397.7 400.8 3.1 0.24 129.6 0.16 0.81 1.97 246.8

including 399.1 399.9 0.8 0.17 305.0 0.31 1.69 4.83 547.5

Sulphide Zone 465.0 474.6 9.6 0.24 115.1 0.58 1.98 3.88 364.6

including 467.0 468.6 1.6 0.59 441.7 2.14 7.58 12.00 1,269.6

including 468.1 468.6 0.5 0.52 857.0 1.74 6.44 14.60 1,700.0

ET-23-446 Sulphide Zone 382.8 400.7 17.9 0.19 200.7 0.42 2.23 3.55 425.9

including 390.5 392.5 2.0 0.17 666.2 0.93 4.26 8.67 1,156.4

including 394.6 397.0 2.4 0.31 427.6 0.66 4.03 5.05 777.4

including 394.6 395.1 0.5 0.48 804.0 1.22 3.99 0.57 1,071.5

ET-23-447 Sooy Vein

Zone

237.5 240.1 2.6 0.02 264.7 0.16 0.01 0.03 282.4

including 237.5 238.5 1.0 0.02 573.0 0.35 0.01 0.07 610.5

El Tigre Vein

Zone

311.0 312.0 1.0 0.08 1,689.2 0.80 0.08 0.18 1,780.2

including 311.5 312.0 0.5 0.16 3,351.0 1.59 0.13 0.33 3,530.4

ET-23-448 El Tigre Vein

Zone

253.0 257.9 4.9 0.03 484.8 0.33 0.01 0.08 521.7

including 254.9 255.9 1.0 0.04 1,194.5 0.84 0.03 0.19 1,285.5

including 254.9 255.4 0.5 0.05 1,560.0 1.14 0.04 0.27 1,683.6

ET-23-449 Sooy Vein

Zone

305.7 306.6 0.9 0.01 345.0 0.18 0.00 0.12 367.6

El Tigre Vein

Zone

451.5 452.1 0.6 0.05 18.6 0.03 0.80 1.53 95.3

ET-23-450 El Tigre Vein

Zone

267.4 268.5 1.1 0.20 135.0 0.49 0.19 1.37 246.5

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 (“AgEq”) 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.

Attached as illustrations are the Sulphide Zone Plan, Sulphide Zone—Cross Section 4770N, Sulphide

Zone-Cross Section 4790N, El Tigre – Conceptual Cross Section, El Tigre—Conceptual Long Section,

and El Tigre Long Section Showing Exploration Potential.

Sulphide Zone Plan

Sulphide Zone—Cross Section 4770N

Sulphide Zone – Cross Section 4790N

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