Mr. Glenn Jessome reports

SILVER TIGER PROVIDES CONSTRUCTION UPDATE FOR THE EL TIGRE PROJECT

Silver Tiger Metals Inc. has provided a construction update for the El Tigre project located in Sonora, Mexico. Construction is on schedule for commissioning and first pour in December, 2027:

• Buildout of Mexican engineering and construction team is nearing completion with a total of 166 persons on site and 100,000 man-hours logged since start of construction.
• Detailed engineering by Kappes, Cassiday & Associates (KCA) and Kappes, Cassiday del Norte S de RL de CV (KCN) pursuant to the engineering procurement and construction management (EPCM) contract for the project is proceeding on schedule.
• Procurement on long-lead items is complete, including crusher plant, conveyer and stacking system, and the Merrill-Crowe plant and refinery.
• Land clearing and flora/fauna management for the total construction area is 60 per cent complete.
• Installation of construction offices has been completed.
• Engineering for improvements to the 46-kilometre road built from Colonia Morelos to El Tigre is complete. The contract to improve this road has been awarded and work has begun, with 25 per cent of road improvements complete.
• The major earthworks contract has been awarded for the heap-leach, ponds and crusher platforms and these earthworks have commenced.
• Comision Federal de Electricidad (CFE) has granted access to grid electrical power for the El Tigre project.

Glenn Jessome, president and chief executive officer, stated: "Our on-site engineering and construction team is nearing 200 persons. Earthworks have begun and land clearing is over 60 per cent complete. Long-lead items such as crusher, conveyor, stacking and Merrill-Crowe have been ordered. We are very pleased that mine construction is on schedule for commissioning and first pour in December, 2027."

Exploration drilling

The company has transitioned to exploration drilling targeting the high-potential vein systems north of the main El Tigre area. This priority zone aligns directly with the El Tigre North mine design outlined in Section 24 of the company's recently filed preliminary economic assessment (PEA) dated Jan. 22, 2026. The PEA also highlighted significant exploration upside beyond the defined underground and Stockwork resources, including the prospective areas 700 metres to the north.

About Silver Tiger Metals Inc.

Silver Tiger is constructing the El Tigre stockwork zone project, a silver and gold heap-leach project located in Sonora, Mexico. The project is 100 per cent owned by Silver Tiger and covers over 37,000 hectares. The technical report entitled "Stockwork Zone Pre-Feasibility Study and Underground Preliminary Economic Assessment of the El Tigre Silver-Gold Project Sonora, Mexico," dated June 20, 2025, is available on SEDAR+ and under the corporation's profile as well as on the Silver Tiger website.

Silver Tiger has entered into an EPCM contract with Kappes, Cassidy & Associates (KCA) and Kappes, Cassiday del Norte (KCN) to assist in the construction of the mine and process plant at El Tigre. The company has also now hired its own experienced mine construction executive team to work with KCA and KCN.

Commissioning and first pour are targeted for December, 2027. The board of directors of the company have approved the construction decision for El Tigre.

We seek Safe Harbor.