Mr. Devin Devarennes reports

SILVER TIGER ANNOUNCES RECEIPT OF ALL REQUIRED APPROVALS TO CONSTRUCT THE EL TIGRE STOCKWORK ZONE SILVER-GOLD PROJECT

Silver Tiger Metals Inc. has secured all of the required approvals and permits from the Mexican Federal Environmental Department (SEMARNAT) to construct the El Tigre Stockwork silver-gold project in Sonora, Mexico. The preliminary feasibility study for the project was disclosed in the corporation's press release dated Oct. 22, 2024.

With all approvals for the project now granted, Silver Tiger is now ready to advance the project toward construction. Silver Tiger's operations prioritize environmental sustainability and actively enhance the well being of the local communities around El Tigre in Sonora, Mexico.

About Silver Tiger Metals Inc. and the El Tigre historic mine district

Silver Tiger Metals is a Canadian company whose management has more than 29 years of experience discovering, financing and building large hydrothermal gold and silver mines 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. Silver Tiger commenced work on its El Tigre project in 2017. Silver Tiger has completed several MREs (mineral resource estimates); a maiden MRE in 2017 and MRE updates in 2023 and 2024. The 2024 PFS (preliminary feasibility study) for the El Tigre stockwork zone silver-gold project delivered robust economics. The PFS projects an after-Tax NPV (net present value) of $222-million (U.S.) at a gold price of $2,150 (U.S.) and a silver price of $26 (U.S.) at a 5-per-cent discount rate. The project delivers an after-tax IRR (internal rate of return) of 40.0 per cent and a payback period of 2.0 years. The operation is expected to have a nine-year mine life. The El Tigre project delivers a life of mine undiscounted after-tax cash flow of $318-million (U.S.), with initial capital costs of $86.8-million (including $9.3-million in contingency). Operating cash costs are projected at $973/ounce AuEq (gold equivalent) and $12/oz AgEq (silver equivalent), with AISC (all-in sustaining costs) at $1,214/oz AuEq and $14/oz AgEq. A PEA (preliminary economic assessment) for the permitted underground mineral resource is expected to be released in second half of 2025.

We seek Safe Harbor.