Mr. Glenn Jessome reports

SILVER TIGER ANNOUNCES CLOSING OF C$57,501,288 BOUGHT DEAL FINANCING

Silver Tiger Metals Inc. has closed its previously announced bought deal offering of common shares of the company with a syndicate of underwriters. An aggregate of 49,146,400 shares at a price of $1.17 per share for gross proceeds to the company of $57,501,288 were sold, which include the exercise in full of the underwriters' overallotment option. The company intends to use the proceeds of the offering to finance exploration and development expenditures at the company's El Tigre project in Mexico, as well as for working capital and general corporate purposes.

The syndicate of underwriters was led by Stifel Canada and BMO Capital Markets as co-lead underwriters and joint bookrunners, and Desjardins Capital Markets and Canaccord Genuity Corp. The underwriters were paid a cash commission of 5.5 per cent on the gross proceeds of the offering.

The offering was completed by way of short form prospectus in each of the provinces of Canada, except Quebec, and outside of Canada in accordance with applicable securities laws.

About Silver Tiger Metals Inc.

Silver Tiger 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-per-cent-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. 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.

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