Silver Tiger Metals Inc. (TSXV:SLVR) (OTCQX:SLVTF) has intersected 1,707.8 g/t AgEq over 0.9 meters within a broader interval of 7.4 meters grading 314.5 g/t AgEq in the Seitz Kelly Vein.

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

• Hole ET-21-293: 0.9 meters grading 1,707.8 g/t silver equivalent from 273.1 meters to 274.0 meters consisting of 1,582.0 g/t silver, 0.17 g/t gold, 0.52% copper, 0.87% lead and 1.28% zinc within 7.4 meters grading 314.5 g/t silver equivalent from 271.2 meters to 278.6 meters, consisting of 289.8 g/t silver, 0.05 g/t gold, 0.10% copper, 0.16% lead and 0.24% zinc.
• Hole ET-21-293 (Seitz Kelly HW): 0.5 meters grading 1,757.6 g/t silver equivalent from 250.0 meters to 250.5 meters consisting of 1,664.0 g/t silver, 0.09 g/t gold, 0.63% copper, 0.84% lead and 0.19% zinc within 6.3 meters grading 175.5 g/t silver equivalent from 250.0 meters to 256.3 meters, consisting of 148.9 g/t silver, 0.03 g/t gold, 0.06% copper, 0.12% lead and 0.47% zinc.

Additional results 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 5100N detailing Drill Hole ET-21-293. Also attached is a Plan Map of the El Tigre Veins and Drill Holes. A Plan Map of the 600 meter central portion of the Seitz Kelly and Sooy Veins is also attached.

Silver Tiger's CEO, Glenn Jessome, stated, "Down dip drill hole 293 which is 50 meters north of drill hole 264, where we intersected 82 kg per ton silver equivalent, has delivered two multi-kilo silver intercepts. Of significance is that Hole 293 was drilled underneath the last of the deeper workings at the north end of the Seitz Kelly Vein. We now have 400 meters of the Seitz Kelly vein going north to test where mining was only conducted on two levels close to surface." Mr. Jessome continued, "The wide intercept in Hole 288 in the black shale continues to strengthen our hypothesis that the evolving shale horizon is mineralized where the high-grade quartz veins pass through it."

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 equivalent 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 Kelly 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)

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.

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