Silver Tiger Intersects 82,827 G/T Ageq over 0.5 Meters Within a Broader Interval of 17.5 Meters Grading 2,608.4 G/T Ageq IN the Initial Drilling ON the Seitz Kelly Vein

NEWS RELEASE

SILVER TIGER INTERSECTS 82,827 g/t AgEq OVER 0.5 METERS WITHIN A BROADER

INTERVAL OF 17.5 METERS GRADING 2,608.4 g/t AgEq IN THE INITIAL DRILLING

ON THE SEITZ KELLY VEIN

HALIFAX, NOVA SCOTIA – November 09, 2021 – Silver Tiger Metals Inc. (TSXV:SLVR and

OTCQX:SLVTF) ("Silver Tiger" or the “Corporation”) has intersected 82,827.3 g/t silver equivalent over

0.5 meters in the Seitz Kelly Vein in Drill Hole ET-21-264 from 181.3 meters to 181.8 meters within a

broader mineralized interval of 17.5 meters grading 2,608.4 g/t silver equivalent from 181.3 meters to

198.8 meters.

Drill Hole ET-21-264 has returned the highest metal grades to date drilled by Silver Tiger at El Tigre as

detailed in the table below:

From To Length(1) Gold Silver Copper Lead Zinc

AgEq

Total (2)

Seitz Kelly Vein &

Footwall Zone

181.3 198.8 17.5 31.53 138.7 0.11 0.92 2.20 2,608.4

Seitz Kelly Vein 181.3 182.9 1.6 343.12 237.7 0.10 1.61 2.64 26,106.5

including 181.3 181.8 0.5 1,097.8 255.0 0.06 0.98 6.26 82,827.3

Seitz Kelly

Footwall Zone

191.7 198.8 7.1 0.21 277.0 0.24 1.85 4.74 516.8

including 192.2 193.7 1.5 0.24 982.3 0.77 4.61 11.02 1,549.2

Results for the first 13 drill holes , totaling 3,422.5 meters, drilled on five sections over a 100 meter strike

length of the 1,000 meter long Seitz Kelly Vein are presented in the attached Drill Hole Results table. The

drill results are uncut and undiluted, unless indicated otherwise.

A Plan Map of the Seitz Kelly Vein and Sooy Vein is attached. Also attached are Seitz Kelly Cross Section

5050N which includes Drill Hole ET-21-264 and Seitz Kelly Cross Section 5075N which is 25 meters north

of Drill Hole ET-21-264.

Seitz Kelly Vein

The Seitz Kelly Vein was the eastern most of the 3 high grade silver veins at the Historic El Tigre Mine

which is reported to have produced a total of 353,000 ounces of gold and 67,400,000 ounces of silver from

1.87 million tonnes (Craig, 2012) at an average grade of approximately 2 kg of silver equivalen t per tonne

between 1908 and 1930. The development of the Seitz Kelly Vein began in the later period of the El Tigre

mine life. The mine ceased operations in 1930 only due to economic factors caused by the onset of the

Great Depression when the price of silver declined to less than 20¢ per ounce.

The historical underground workings on the Seitz Kelly vein extended over a strike length of 1,000 meters

on 11 working levels. Geological and assay plan maps from the original operations were recovered from

the Anaconda Collection archives at the University of Wyoming. A total of 5,301 underground channel

samples with gold and silver assays in the Seitz Kel ly workings (levels, raises, winzes, crosscuts) were

digitized and plotted.

Mining on the upper levels of the Seitz Kelly vein was advanced to Section 5500N but only to 5100N on

Level 6 and 5000N on Level 7 below the Espuelas Canyon (see Sooy and Seitz Kelly Vein Plan Map) when

the mine shut down in 1930. Both drifts were advancing to the north in high grade ore. The drill holes were

spotted to test below the Level 6 and 7 workings in this area. Drilling started in June 2021 on Section 4975,

with 15 holes totaling 3,422.5 meters completed to date. Two drill rigs are working on Sections spaced at

25m intervals along strike.

Longitudinal Section of the Seitz Kelly Vein Workings and Hole ET-21-264 (view looking to NE)

Silver Tiger’s CEO, Glenn Jessome, stated, “While drilling the high-grade silver veins at El Tigre in 2021

we have made a number of very important discoveries. We first discovered in the footwall zone of the Sooy

Vein a new style of mineralization in the black shale that the technical team have named the crackle breccia.

This discovery prompted the technical team to be cognizant of this potentially new high -grade

mineralization outside of the traditionally targeted quartz silver veins.” Jessome continued, “We have now

discovered high-grade mineralization in the first holes we have drilled on the Seitz Kelly Vein, highlighted

by a drill intercept of 82 kg silver equivalent in an area where the previous historic miners were in the

process of developing and preparing to mine when they were suddenly forced to cease mining in 1930 with

the onset of the Great Depression.”

Plan Map of the Seitz Kelly Vein and Sooy Vein

Seitz Kelly Cross Section 5050N (Drill Holes ET-21-262, 264 and 265)

Seitz Kelly Cross Section 5075N (Drill Holes ET-21-268 and 271)

Plan Map of 4.2 Kilometers of the El Tigre Veins and Drill Holes

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-21-238 Seitz Kelly

Vein

163.8 166.5 2.8 0.25 348.5 0.20 0.95 2.14 479.9

including 165.4 166.5 1.2 0.25 474.0 0.25 1.21 2.93 643.0

ET-21-240 79.3 82.3 3.0 0.99 2.5 0.00 0.01 0.03 77.7

including 80.8 82.3 1.5 1.70 3.3 0.00 0.01 0.04 132.1

Seitz Kelly

Vein

96.4 97.6 1.2 0.13 254.5 0.09 0.30 0.96 311.8

including 96.9 97.6 0.7 0.13 383.0 0.15 0.45 1.53 468.6

ET-21-242 Seitz Kelly

Vein

195.4 197.1 1.7 2.42 110.8 0.07 0.08 0.06 302.8

including 195.4 196.0 0.7 6.09 23.3 0.02 0.03 0.05 484.4

ET-21-248 Seitz Kelly

Vein

120.5 148.9 28.4 0.20 23.1 0.02 0.07 0.26 50.3

including 146.6 148.9 2.3 0.17 181.9 0.14 0.55 2.94 318.3

including 147.8 148.3 0.5 0.34 685.0 0.50 2.01 12.99 1,236.4

ET-21-251 Seitz Kelly

Vein

108.0 109.3 1.3 0.21 184.4 0.07 0.41 0.41 229.8

including 108.7 109.3 0.6 0.35 287.0 0.12 0.76 0.79 369.6

ET-21-254 Mining VOID 127.7 130.4 2.8 0.00 * * * * *

133.2 135.4 2.3 0.33 0.8 0.00 0.02 0.04 27.6

148.0 148.5 0.5 0.15 122.0 0.05 0.14 0.19 147.6

ET-21-258 Mining VOID 141.8 143.4 1.5 * * * * * *

144.4 148.4 4.1 0.05 22.7 0.01 0.02 0.02 29.2

170.2 173.0 2.8 0.16 13.7 0.02 0.05 0.07 31.0

ET-21-260 22.5 25.1 2.6 0.97 151.0 0.03 0.09 0.12 232.5

66.1 68.1 2.0 4.12 345.0 0.01 0.01 0.01 655.4

162.0 178.4 16.4 0.62 25.8 0.02 0.18 0.35 89.8

Seitz Kelly

Vein

231.4 233.5 2.2 0.04 159.0 0.09 0.12 0.10 177.4

including 231.4 231.9 0.5 0.04 380.0 0.22 0.41 0.05 415.7

344.6 345.2 0.6 0.03 405.0 0.27 0.18 1.66 492.3

ET-21-262 62.5 64.0 1.5 0.25 114.1 0.00 0.00 0.01 133.7

Seitz Kelly

Vein

144.7 146.4 1.8 0.21 167.7 0.09 0.32 0.39 211.9

including 145.3 146.4 1.1 0.26 243.0 0.12 0.43 0.57 303.3

ET-21-264 Seitz Kelly

Vein &

Footwall Zone

181.3 198.8 17.5 31.53 138.7 0.11 0.92 2.20 2,608.4

Seitz Kelly

Vein &

Footwall Zone

(3)

181.3 198.8 17.5 3.02 138.7 0.11 0.92 2.20 470.3

Seitz Kelly

Vein

181.3 182.9 1.6 343.12 237.7 0.10 1.61 2.64 26,106.5

including 181.3 181.8 0.5 1,097.8 255.0 0.06 0.98 6.26 82,827.3

Seitz Kelly

Footwall

191.7 198.8 7.1 0.21 277.0 0.24 1.85 4.74 516.8

including 192.2 193.7 1.5 0.24 982.3 0.77 4.61 11.02 1,549.2

ET-21-265 Seitz Kelly

Vein

204.2 205.6 1.4 1.25 1.2 0.00 0.00 0.00 95.2

ET-21-268 93.0 108.8 15.8 0.20 36.5 0.01 0.01 0.00 52.5

including 104.3 105.7 1.4 0.47 87.9 0.01 0.00 0.00 124.3

Seitz Kelly

Vein

196.5 197.0 0.5 0.22 286.0 0.11 0.24 0.37 330.5

ET-21-270 173.0 176.0 3.0 2.04 0.8 0.00 0.00 0.01 154.5

including 173.0 174.5 1.5 3.73 0.8 0.00 0.00 0.01 281.1

SK Vein + SK

Footwall Zone

213.5 247.8 34.3 0.19 64.5 0.04 0.72 0.88 128.5

Seitz Kelly

Vein

225.2 241.7 16.5 0.22 90.2 0.05 1.20 1.55 191.3

including 225.2 225.7 0.5 0.18 796.0 0.30 5.63 0.05 972.5

Seitz Kelly

Footwall Zone

236.1 241.7 5.6 0.29 134.6 0.09 2.49 3.74 348.1

including 238.6 240.1 1.5 0.34 246.6 0.17 4.45 7.59 645.3

ET-21-271 173.0 176.0 3.0 2.04 0.8 0.00 0.00 0.01 154.5

including 173.0 174.5 1.5 3.73 0.8 0.00 0.00 0.01 281.1

SK Vein + SK

Footwall Zone

213.5 247.8 34.3 0.19 64.5 0.04 0.72 0.88 128.5

Seitz Kelly

Vein

225.2 241.7 16.5 0.22 90.2 0.05 1.20 1.55 191.3

including 225.2 225.7 0.5 0.18 796.0 0.30 5.63 0.05 972.5

Seitz Kelly

Footwall Zone

236.1 241.7 5.6 0.29 134.6 0.09 2.49 3.74 348.1

including 238.6 240.1 1.5 0.34 246.6 0.17 4.45 7.59 645.3

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.

3. Top cut at 100 grams per tonne gold.

* Mining void.