Mr. Glenn Jessome reports

SILVER TIGER METALS INC. ANNOUNCES BOUGHT DEAL FINANCING

Silver Tiger Metals Inc. has entered into an agreement with Stifel Canada and Desjardins Capital Markets, to act as co-lead underwriters and joint bookrunners, pursuant to which the underwriters have agreed to purchase, on a bought deal basis, 45,455,000 common shares of the company at a price of 33 cents per common share for gross proceeds to the company of approximately $15,000,150.

The company will grant the underwriters an option, exercisable, in whole or in part, at any time until and including 30 days following the closing of the offering, to purchase up to an additional 15 per cent of the offering. If this option is exercised in full, an additional $2,250,023 in gross proceeds will be raised pursuant to the offering and the aggregate gross proceeds of the offering will be approximately $17,250,173.

The company plans to use the net proceeds from 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 common shares will be offered by way of a short form prospectus to be filed in all provinces of Canada, except Quebec. The common shares will also be sold to U.S. buyers on a private placement basis pursuant to an exemption from the registration requirements in Rule 144A of the United States Securities Act of 1933, as amended, and other jurisdictions outside of Canada provided that no prospectus filing or comparable obligation arises.

The offering is scheduled to close on or about April 14, 2025, and is subject to certain conditions, including, but not limited to, the receipt of all necessary approvals, including the approval of the TSX Venture Exchange and the securities regulatory authorities.

The preliminary and final prospectus will be filed with the securities commissions in each of the provinces of Canada, except Quebec, and will be available on SEDAR+. Alternatively, the preliminary and final prospectus may be obtained upon request by contacting the company or Stifel in Canada, attention: ProspectusCanada@stifel.com.

About Silver Tiger Metals Inc.

Silver Tiger Metals is a Canadian company, the management of which has more than 25 years of 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. The 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. In 1896, gold was first discovered on the property in the Gold Hill area and mining started with the Brown shaft in 1903. The focus soon changed to mining high-grade silver veins in the area with production coming from three parallel veins the El Tigre vein, the Seitz Kelley vein and the Sooy vein. Underground mining on the middle El Tigre vein extended 1,450 metres along strike and was mined on 14 levels to a depth of approximately 450 metres. The Seitz Kelley vein was mined along strike for one kilometre to a depth of approximately 200 metres. The Sooy vein was only mined along strike for 250 metres to a depth of approximately 150 metres. Mining abruptly stopped on all three of these veins when the price of silver collapsed to less than 20 cents per ounce with the onset of the Great Depression. By the time the mine closed in 1930, it is reported to have produced a total of 353,000 ounces of gold and 67.4 million ounces of silver from 1.87 million tons (Craig, 2012). The average grade mined during this period was over two kilograms silver equivalent per ton. The El Tigre silver and gold deposit is related to a series of high-grade epithermal veins controlled by a north-south-trending structure cutting across the andesitic and rhyolitic tuffs of the Sierra Madre volcanic complex within a broad silver and gold mineralized prophylitic alteration zone developed in the El Tigre formation that can be up to 150 metres wide. The veins dip steeply to the west and are typically 0.5 metre wide but locally can be up to five metres in width. The veins, structures and mineralized zones outcrop on surface and have been traced for 5.3 kilometres along strike in the brownfield exploration area. Historical mining and exploration activities focused on a 1.6-kilometre portion of the southern end of the deposits, principally on the El Tigre, Seitz Kelly and Sooy veins. The underexplored Caleigh, Benjamin, Protectora and Fundadora exposed veins continue north for more than three kilometres. Silver Tiger has delivered its maiden National Instrument 43-101-compliant resource estimate and is currently drilling to update its resource estimate and publish a preliminary economic assessment (PEA).

Qualified person

David R. Duncan, PGeo, vice-president of exploration of the corporation, is the qualified person for Silver Tiger as defined under NI 43-101. Mr. Duncan has reviewed and approved the scientific and technical information in this news release.

We seek Safe Harbor.