Silver Tiger Intersects 3,856.2 G/T Ageq over 0.5 Meters Within a Broader Interval of 7.5 Meters Grading 491.1 G/T Ageq IN the Sooy Vein

NEWS RELEASE

SILVER TIGER INTERSECTS 3,856.2 g/t AgEq OVER 0.5 METERS WITHIN A BROADER

INTERVAL OF 7.5 METERS GRADING 491.1 g/t AgEq IN THE SOOY VEIN

HALIFAX, NOVA SCOTIA – October 19, 2021 – Silver Tiger Metals Inc. (TSXV:SLVR and

OTCQX:SLVTF) ("Silver Tiger" or the “Corporation”) has intersected 3,856.2 g/t silver equivalent over

0.5 meters in the Sooy Vein in Drill Hole ET-21-244 from 251.0 meters to 251.5 meters within a broader

mineralized interval of 7.5 meters grading 491.1 g/t silver equivalent from 244.0 meters to 251.5 meters.

Drill hole ET-21-244 also intersected the Sooy Footwall Zone returning 0.5 meters grading 2,132.6 g/t

silver equivalent from 274.3 meters to 274.8 meters within a broader mineralized interval of 1.8 meters

grading 624.5 g/t silver equivalent from 273.0 meters to 274.8 meters

Highlights from the on-going drilling program targeting the Sooy Vein and the Benjamin Vein (northern

Sooy extension) include the following:

• Hole ET 21-244 (Sooy Vein): 0.5 meters grading 3,856.2 g/t silver equivalent from 251.0 meters to

251.5 meters, consisting of 3,531.0 g/t silver, 1.30 g/t gold, 1.06% copper, 3.64% lead and 1.18% zinc,

within 7.5 meters grading 491.1 g/t silver equivalent from 244.0 meters to 251.5 meters, consisting

of 454.8 g/t silver, 0.16 g/t gold, 0.12% copper, 0.33% lead and 0.16% zinc.

• Hole ET-21-244 (Sooy Vein Footwall): 0.5 meters grading 2,132.6 g/t silver equivalent from 274.3

meters to 274.8 meters consisting of 2,030.0 g/t silver, 0.40 g/t gold, 0.46% copper, 0.99% lead and

0.16% zinc, within 1.8 meters grading 624.5 g/t silver equivalent from 273.0 meters to 274.8 meters

consisting of 593.4 g/t silver, 0.13 g/t gold, 0.13% copper, 0.28% lead and 0.06% zinc.

• Hole ET-21-243 (Benjamin Vein): 0.5 meters grading 965.3 g/t silver equivalent from 78.8 meters

to 79.3 meters consisting of 864.0 g/t silver, 0.05 g/t gold, 0.54% copper, 0.52% lead and 1.00% zinc,

within 4.3 meters grading 155.0 g/t silver equivalent from 75.5 meters to 79.8 meters consisting of

138.5 g/t silver, 0.02 g/t gold, 0.07% copper, 0.13% lead and 0.14% zinc.

Additional results are presented in the Drill Hole Results table below along with the details for the

calculation of the silver equivalent grades.

A Plan Map of the El Tigre Veins and Drill Holes is attached. Also attached is El Tigre Cross Section

4000N detailing Drill Hole ET-21-244 and El Tigre Cross Section 6025N detailing Drill Hole ET-21-243.

A Plan Map of the 600 meter central portion of the Sooy Vein is also attached.

Silver Tiger’s CEO, Glenn Jessome, stated, “Our decision to focus our drilling along kilometers of the Sooy

Vein, that had limited historical mining, is advancing the El Tigre District very quickly. Step-out drill Hole

244 on the Sooy Vein is located approximately 1.1 kilometers to the south of Discovery Hole 202 and step-

out drill Hole 243 is located approximately 1.1 kilometers to the north of Discovery Hole 202. The next

step in advancing the El Tigre District is the drilling that w e have begun on the Seit z Kelly Vein, which

also had limited historical mining.”

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-21-243 Benjamin

Vein

73.0 79.8 6.8 0.02 91.8 0.07 0.11 0.12 107.1

including 75.5 79.8 4.3 0.02 138.5 0.07 0.13 0.14 155.0

including 78.8 79.3 0.5 0.05 864.0 0.54 0.52 1.00 965.3

and 132.8 135.2 2.4 0.07 30.4 0.01 0.02 0.06 38.9

ET-21-244 159.0 160.0 1.0 0.08 304.3 0.08 0.05 0.16 323.9

Sooy Vein 244.0 251.5 7.5 0.16 454.8 0.12 0.33 0.16 491.1

including 249.0 251.5 2.5 0.33 1,073.1 0.30 0.82 0.30 1,156.4

including 251.0 251.5 0.5 1.30 3,531.0 1.06 3.64 1.18 3,856.2

FW Zone 273.0 274.8 1.8 0.13 593.4 0.13 0.28 0.06 624.5

including 274.3 274.8 0.5 0.40 2,030.0 0.46 0.99 0.16 2,132.6

ET-21-249 80.3 83.0 2.7 0.11 40.1 0.01 0.01 0.00 49.1

81.3 82.3 1.0 0.22 82.2 0.01 0.02 0.00 100.1

Sooy Vein 158.4 158.9 0.5 0.04 40.9 0.01 0.07 0.10 49.7

El Tigre Vein

Mining VOID

253.7 258.7 5.0 * * * * * *

El Tigre Vein 261.8 268.1 6.3 0.13 55.5 0.02 0.03 0.02 68.0

294.4 297.3 2.9 0.07 113.4 0.03 0.01 0.01 121.5

312.3 316.8 4.5 0.15 84.8 0.02 0.01 0.07 100.2

366.5 367.5 1.0 0.03 132.0 0.02 0.02 0.01 137.3

380.3 381.5 1.2 0.14 122.0 0.03 0.02 0.01 135.9

ET-21-252 25.7 36.1 10.4 0.02 32.0 0.00 0.02 0.00 34.1

28.7 36.1 7.4 0.02 40.1 0.00 0.02 0.00 42.1

Sooy Vein 109.8 116.8 7.0 0.09 16.7 0.01 0.02 0.05 26.2

including 110.5 113.6 3.1 0.15 22.0 0.01 0.02 0.03 35.5

ET-21-253 Sooy Vein 261.2 265.6 4.4 0.49 37.8 0.01 0.04 0.60 95.6

including 263.2 264.6 1.4 1.02 95.8 0.01 0.11 1.94 240.5

289.0 294.4 5.4 0.02 23.8 0.00 0.01 0.02 26.4

ET-21-255 88.0 88.5 0.5 0.02 138.0 0.07 0.13 0.33 160.8

103.7 106.5 2.8 0.05 56.3 0.02 0.06 0.10 66.6

Sooy Vein 113.5 114.5 1.0 0.16 90.2 0.02 1.25 2.57 218.9

including 114.0 114.5 0.5 0.26 170.0 0.03 2.49 5.10 420.8

127.0 128.0 1.0 0.06 16.2 0.00 0.84 2.46 122.5

ET-21-256 230.1 230.9 0.8 0.20 88.5 0.00 0.04 0.16 110.0

Sooy Vein 249.7 253.5 3.8 0.05 81.2 0.01 0.03 0.17 92.5

including 251.9 252.4 0.5 0.22 493.0 0.07 0.22 1.06 556.2

271.9 284.0 12.1 0.05 38.4 0.01 0.03 0.06 45.5

275.9 284.0 8.1 0.05 48.8 0.01 0.04 0.07 56.9

El Tigre Vein 403.1 409.0 5.9 0.04 124.8 0.04 0.12 0.59 154.4

including 403.1 403.6 0.5 0.10 984.0 0.22 0.32 1.76 1,078.2

including 408.0 409.0 1.0 0.10 201.5 0.15 0.54 2.48 318.3

ET-21-259 129.0 134.4 5.4 0.02 31.1 0.05 0.33 0.29 55.0

Sooy Vein 142.4 146.4 4.0 0.02 19.8 0.00 1.28 1.08 88.3

including 145.7 146.4 0.7 0.10 101.0 0.00 7.41 4.97 448.9

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. Excludes 1.5 meters of mining void.

* Mining void.

Drill Hole Location Table

Hole ID Section Easting Northing Elevation Az Dip Length

ET-21-243 6012.5N 670404.8 3386015 1906.486 90 -40 216.55

ET-21-244 3825N 670885.9 3383824 1821.455 60 -45 294.3

ET-21-249 3875N 670889.843 3383877.317 1822.51 90 -25 440.7

ET-21-252 6125N 670410.6 3386113 1937.172 90 -35 183.0

ET-21-253 4450N 670708.6 3384462 1944.909 90 -57 427.0

ET-21-255 6150N 670666.5 3384409 1964.206 90 -45 448.35

ET-21-256 4400N 670813.1 3384048 1877.801 90 -30 399.55

ET-21-259 6150N 670377.45 3386149.218 1941.747 90 -55 210.45

Plan Map of the El Tigre Veins and Drill Holes

El Tigre Cross Section 4000N (Drill Hole ET-21-244)

El Tigre Cross Section 6025N (Drill Hole ET-21-243)

Plan Map of 600 Meters of the Sooy Vein

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