Press Release

Mexico: Silver Tiger Metals Discovers New Wide High Grade Sulphide Zone Intersecting 6.0 Meters of 2,025.5 g/t Silver Equivalent

Bnamericas Published: Wednesday, January 25, 2023

HALIFAX, NS / ACCESSWIRE / January 25, 2023 / Silver Tiger Metals Inc. (TSXV:SLVR) and (OTCQX:SLVTF) ("Silver Tiger" or the "Corporation") has intersected 2,025.5 g/t total silver equivalent over 6.0 meters in the Sulphide Zone in Drill Hole ET-22-433 from 364.5 meters to 370.5 meters, consisting of 1,354.4 g/t silver, 0.20 g/t gold, 1.57% copper, 6.10% lead and 10.86% zinc within 44.4 meters grading 720.5 g/t total silver equivalent from 330.5 meters to 374.9 meters consisting of 508.2 g/t silver, 0.16 g/t gold, 0.55% copper, 1.76% lead and 3.17% zinc in the newly discovered Sulphide Zone.

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

Hole ET-22-432: 8.2 meters grading 1,446.2 g/t total silver equivalent from 372.4 meters to 380.6 meters, consisting of 956.6 g/t silver, 0.13 g/t gold, 1.69% copper, 3.58% lead and 7.01% zinc within 34.8 meters grading 407.4 g/t total silver equivalent from 348.4 meters to 383.2 meters consisting of 257.4 g/t silver, 0.13 g/t gold, 0.47% copper, 1.18% lead and 2.02% zinc in the Sulphide Zone.
Hole ET-22-434: 10.5 meters grading 1,642.4 g/t total silver equivalent from 370.1 meters to 380.6 meters, consisting of 914.0 g/t silver, 0.20 g/t gold, 1.68% copper, 5.92% lead and 12.42% zinc within 19.9 meters grading 1,072.9 g/t total silver equivalent from 361.7 meters to 381.6 meters consisting of 605.6 g/t silver, 0.22 g/t gold, 1.13% copper, 4.04% lead and 7.43% zinc in the Sulphide Zone.
Hole ET-22-438: 3.7 meters grading 1,035.8 g/t total silver equivalent from 394.8 meters to 398.5 meters, consisting of 879.4 g/t silver, 0.24 g/t gold, 0.76% copper, 0.86% lead and 1.36% zinc within 19.5 meters grading 527.5 g/t total silver equivalent from 393.5 meters to 413.0 meters consisting of 408.4 g/t silver, 0.27 g/t gold, 0.53% copper, 0.88% lead and 0.83% zinc in the Sulphide Zone.

Silver Tiger's CEO, Glenn Jessome, stated, "The discovery of this high grade sulphide zone is the fourth type of mineralization found at El Tigre. The first holes through this wide high grade sulphide zone have delineated a strike length of in excess of 150 meters open to the north and south, with widths approaching 35 meters. The Historic El Tigre Mine relied only on high grade silver quartz veins. We have now discovered the stockwork, the shale zone and now this sulphide zone. All four types of mineralization will be very important to the future of El Tigre." Mr. Jessome further stated: "Our ongoing underground development will place us in the Sooy Vein directly above this sulphide zone as we transition to underground drilling to follow it north and south."

Additional drill results for Sooy Vein, Hanging Wall Gold Zone and the Sulphide Zone 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, El Tigre - Four Types of Mineralization, El Tigre Long Section, Cross Section 4875N and El Tigre Cross Section 4865N.

Drill Hole ResultsTable

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
	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. SilverEquivalent ("EqAg") ratiosare based on a silverto gold priceratio 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.

Sulphide Zone Plan

El Tigre - Four Types of Mineralization

El Tigre Long Section

Drill Hole Location Table

Hole ID	Easting	Northing	Elevation	Az	Dip	Length
ET-22-432	670863	3384930	1852	100	-82	509.4
ET-22-433	670864	3384931	1852	90	-82	497.2
ET-22-434	670863	3384930	1852	80	-82	469.7
ET-22-435	670863	3384930	1852	70	-81	524.6
ET-22-436	670856	3384898	1869	79	-83	494.1
ET-22-437	670857	3384898	1869	89	-83	485.0
ET-22-438	670848	3384866	1886	107	-83	433.1

Drill Holes Previously Released from the Sulphide Zone on September 13, 2022 and on October 25, 2022:

Drill Hole ResultsTable

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-22-395	El Tigre Vein Zone	359.6	363.3	3.7	0.13	733.4	0.78	0.60	1.51	882.0
	including	362.3	363.3	1.0	0.26	1,844.0	2.32	1.60	5.27	2,299.5
	El Tigre Vein Zone	376.2	384.9	8.7	0.19	373.0	0.56	1.72	3.45	596.4
	including	382.3	383.9	1.6	0.24	1,397.5	1.85	6.06	16.13	2,271.8
	El Tigre Vein Zone	394.8	402.9	8.1	0.17	554.2	0.92	2.48	3.63	834.5
	including	397.7	399.7	2.0	0.20	1,270.3	1.66	2.85	4.26	1,653.8

ET-22-417	El Tigre Vein Zone	303.1	304.2	1.1	0.14	965.4	1.20	0.74	2.38	1,188.4
	including	303.7	304.2	0.5	0.27	2,010.0	2.51	1.53	4.97	2,473.2

ET-22-422	El Tigre Vein Zone	469.7	470.9	1.2	1.26	0.7	0.00	0.00	0.00	96.0
	including	474.4	476.1	1.7	0.09	14.3	0.06	0.51	0.07	41.1

ET-22-427	Sooy Vein	55.5	57.5	2.0	1.04	1,768.4	0.38	0.71	0.13	1,904.6
	including	56.4	57.5	1.1	1.79	3,096.0	0.68	1.25	0.22	3,331.9
	El Tigre Vein Zone	398.3	405.2	6.9	0.13	85.1	0.07	0.67	1.34	162.1
	including	401.9	403.0	1.1	0.33	255.0	0.23	2.59	5.06	531.0

ET-22-428	Sooy Vein	46.9	51.0	4.1	0.99	1,374.0	0.17	0.34	0.33	1,483.0
	including	48.8	49.4	0.6	2.47	3,097.0	0.32	0.97	0.81	3,362.6
	Sooy Footwall Vein	102.2	105.6	3.4	0.46	551.8	0.07	0.10	0.16	600.6
	including	138.9	139.4	0.5	2.47	3,088.0	0.38	3.04	1.57	3,434.1
	El Tigre Vein Zone	309.3	318.4	9.1	0.26	31.4	0.03	0.04	0.05	56.4
	including	352.0	352.5	0.5	0.50	807.0	1.83	1.00	2.44	1,125.4

ET-22-429	Sooy Vein Zone	63.0	63.5	0.5	1.46	1,320.0	0.32	0.16	0.07	1,465.9
	El Tigre Vein	247.8	253.2	5.4	0.06	219.6	0.18	0.24	0.17	252.9
	including	249.9	251.0	1.1	0.07	707.0	0.39	0.37	0.40	771.9
	El Tigre Vein	265.2	275.9	10.7	0.04	120.2	0.17	0.30	0.22	154.6
	including	274.3	275.4	1.1	0.04	549.7	0.74	1.02	0.90	677.9

ET-22-430	HW Gold Zone	81.0	101.5	20.5	0.08	41.7	0.01	0.02	0.05	50.2
	including	93.0	94.6	1.6	0.23	390.1	0.06	0.11	0.32	426.5
	Sooy Vein Zone	117.5	119.1	1.6	0.28	528.1	0.12	0.14	0.27	573.5
		255.0	255.5	0.5	0.14	991.0	0.49	1.29	5.57	1,264.4
	El Tigre Vein	269.1	275.0	5.9	0.10	677.6	0.46	0.38	0.11	742.1
	including	272.7	273.7	1.0	0.37	2,754.0	1.50	0.68	0.21	2,948.7
	and	297.0	298.0	1.0	0.11	1,346.0	1.02	0.45	0.35	1,474.6
	including	297.5	298.0	0.5	0.20	2,797.0	2.09	0.90	0.73	3,058.7

ET-22-431	HW Gold Zone	10.1	46.5	36.4	0.13	41.9	0.00	0.01	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

Not true width.
Silver Equivalent ("EqAg") ratios are based on a silverto 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.

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