Silver Tiger Intersects 2.8 Meters of 2,668.8 G/T Silver Equivalent Within 36.4 Meters of 457.2 G/T Silver Equivalent IN the Sulphide Zone

NEWS RELEASE

SILVER TIGER INTERSECTS 2.8 METERS OF 2,668.8 g/t SILVER EQUIVALENT

WITHIN 36.4 METERS OF 457.2 g/t SILVER EQUIVALENT

IN THE SULPHIDE ZONE

HALIFAX, NOVA SCOTIA – February 27, 2023 – Silver Tiger Metals Inc. (TSXV:SLVR and

OTCQX:SLVTF) ("Silver Tiger" or the “Corporation”) has intersected 2,668.8 g/t total silver equivalent

over 2.8 meters in the Sulphide Zon e in Drill Hole ET -22-440 from 421.7 meters to 424.5 meters,

consisting of 1,986.3 g/t silver, 0.21 g/t gold, 4.02% copper, 3.94% lead and 5.64% zinc within 36.4 meters

grading 457.2 g/t total silver equivalent from 397.9 meters to 434.3 meters consisting of 314.6 g/t silver,

0.25 g/t gold, 0.58% copper, 0.90% lead and 1.40% zinc in the Sulphide Zone.

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

● Hole ET-22-441: 2.0 meters grading 2,656.0 g/t total silver equivalent from 432.5 meters to

434.5 meters, consisting of 1,255.7 g/t silver, 0.20 g/t gold, 2.02% copper, 12.67% lead and 26.87%

zinc within 20.0 meters grading 845.1 g/t total silver equivalent from 415.3 meters to 435.3

meters consisting of 369.0 g/t silver, 0.35 g/t gold, 0.85% copper, 4.11% lead and 8.15% zinc in

the Sulphide Zone.

● Hole ET-22-442: 1.2 meters grading 2,978.1 g/t total silver equivalent from 378.2 meters to

379.4 meters, consisting of 2,614.0 g/t silver, 0.24 g/t gold, 2.67% copper, 1.82% lead and 1.38%

zinc within 22.1 meters grading 263.5 g/t total silver equivalent from 370.0 meters to 392.1

meters consisting of 221.7 g/t silver, 0.08 g/t gold, 0.21% copper, 0.28% lead and 0.28% zinc in

the Sulphide Zone.

● Hole ET-22-443: 3.3 meters grading 1,239.0 g/t total silver equivalent from 441.0 meters to

444.3 meters, consisting of 633.8 g/t silver, 0.19 g/t gold, 1.04% copper, 4.80% lead and 11.38%

zinc within 37.8 meters grading 388.8 g/t total silver equivalent from 418.6 meters to 456.4

meters consisting of 171.7 g/t silver, 0.19 g/t gold, 0.39% copper, 1.85% lead and 3.67% zinc in

the Sulphide Zone.

Silver Tiger’s CEO, Glenn Jessome, stated, “These drill results targeted the newly discovered Sulphide

Zone along strike to the North and have intercepted wide, high-grade mineralization.” Mr. Jessome further

stated: “The Sulphide Zone dimensions are now in excess of 200 meters along strike, approximatel y 75

meters across strike with apparent widths approaching 35 meters, and open in all directions.”

Additional drill results for the Sulphide Zone and the Sooy Vein are presented in the Drill Hole Results

table below along with the details for the calculation of the silver equivalent grades.

Attached as illustrations are the Sulphide Zone Plan, Sulphide Zone—Cross Section 4940N, El Tigre –

Conceptual Cross Section, El Tigre —Conceptual Long Section, and El Tigre Long Section Showing

Exploration Potential.

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-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-22-441 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-22-442 Sooy Vein 363.5 364.5 1.0 0.01 453.0 0.56 0.00 0.11 511.6

Sulphide Zone 370.0 392.1 22.1 0.08 221.7 0.21 0.28 0.28 263.5

including 378.2 379.4 1.2 0.24 2,614.0 2.67 1.82 1.38 2,978.1

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-22-444 Sulphide Zone 366.4 369.5 3.1 0.06 34.5 0.48 0.03 0.02 86.4

including 368.8 369.5 0.7 0.07 68.0 0.94 0.04 0.01 165.4

Sulphide Zone 408.5 411.9 3.4 0.87 1.7 0.01 0.00 0.00 68.0

including 408.5 410.0 1.5 1.45 2.3 0.01 0.00 0.01 111.8

ET-22-439

MINING

VOID (3) 154.2 161.4 7.2 * * * * * *

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.

3. Hole abandoned above Sulphide target due to intersection of old workings.

Sulphide Zone Plan

Sulphide Zone—Cross Section 4940N

El Tigre – Conceptual Cross Section Showing Mineralization Styles

El Tigre—Conceptual Long Section Showing Mineralization Styles

El Tigre—Long Section Showing Exploration Potential

Drill Hole Location Table

Hole ID Easting Northing Elevation (m) Azimuth Dip Length (m)

ET-22-439 670703 3384921 1843.4 90 -59 201.3

ET-22-440 670741 3384942 1851.6 94 -68 555.1

ET-22-441 670741 3384942 1851.6 95 -64 523.1

ET-22-442 670741 3384942 1851.6 100 -64 564.3

ET-22-443 670741 3384943 1851.4 90 -62 555.1

ET-22-444 670741 3384943 1851.5 90 -68 561.5

Drill Holes Previously Released from the Sulphide Zone on January 25, 2023.

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-22-432 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-22-433 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-22-434 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

ET-22-435 HW Gold

Zone

6.9 15.0 8.1 0.38 89.2 0.01 0.08 0.01 120.9

including 6.9 11.0 4.1 0.70 134.3 0.01 0.04 0.01 189.1

Sooy Vein

Zone

187.7 204.8 17.1 0.06 22.9 0.02 0.08 0.16 36.8

including 189.1 189.8 0.7 0.17 89.3 0.07 0.40 1.34 163.0

Sulphide Zone 373.1 375.5 2.4 0.41 117.0 0.30 2.20 3.51 344.9

including 374.9 375.5 0.6 0.44 200.0 0.86 6.28 11.13 833.9

ET-22-436 HW Gold

Zone

0.0 33.2 33.2 0.10 36.3 0.00 0.01 0.01 44.6

including 25.3 31.7 6.4 0.03 52.4 0.01 0.02 0.03 57.5

Sooy Vein

Zone

210.3 216.4 6.1 0.10 416.8 0.39 1.31 2.62 580.1

including 213.9 215.9 2.0 0.11 935.0 0.76 2.55 5.77 1,267.8

including 214.4 215.4 1.0 0.12 1,365.5 1.00 3.25 8.08 1,815.7

Sulphide Zone 387.8 394.7 6.9 0.06 765.3 0.73 2.97 6.51 1,125.8

including 389.8 391.6 1.8 0.12 1,634.6 1.61 7.14 15.39 2,478.3

ET-22-437 HW Gold

Zone

0.0 32.3 32.3 0.07 21.8 0.00 0.01 0.01 28.1

including 23.9 32.3 8.4 0.10 40.7 0.01 0.02 0.04 50.4

Sooy Vein

Zone

258.7 263.4 4.7 0.05 357.9 0.22 0.44 0.30 403.4

including 260.2 260.9 0.7 0.24 2,048.0 1.29 2.70 1.66 2,309.2

Sulphide Zone 358.0 367.7 9.7 0.08 354.4 0.39 0.91 0.70 442.2

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

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

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.