Mr. Glenn Jessome reports

SILVER TIGER ANNOUNCES FILING OF FINAL SHORT FORM PROSPECTUS

Further to the news release dated Sept. 21, 2026, Silver Tiger Metals Inc. has filed a final short form prospectus dated Oct. 8, 2026, with the securities commissions in each of the provinces of Canada, except Quebec, in connection with its bought deal public offering of 87 million units of the company at $1 per unit for aggregate gross proceeds of $87-million. Each unit is composed of one common share of the company and one-half of one common share purchase warrant. Each warrant shall be exercisable into one common share at a price of $1.35 per warrant share for an exercise period of 24 months from the closing of the offering.

The offering is being conducted through a syndicate of underwriters including Stifel Nicolaus Canada Inc., as sole bookrunner and lead underwriter, and BMO Capital Markets, Canaccord Genuity Corp. and Desjardins Securities Inc. The company has granted the underwriters an option to purchase an additional 13.05 million units on the same terms and exercisable at any time up to 30 days following the closing of the offering, for market stabilization purposes and to cover overallotments, if any. If the overallotment option is exercised in full, additional gross proceeds of $13.05-million will be raised pursuant to the offering, and the aggregate gross proceeds of the offering will be $100.05-million.

The offering is being conducted in each of the provinces of Canada, except Quebec, and outside of Canada in accordance with applicable securities laws.

Closing of the offering is expected to occur on or about Oct. 13, 2026. The Toronto Stock Exchange has conditionally approved the listing of the common shares to be issued pursuant to the offering (including any exercise of the overallotment option), subject to customary conditions.

Final short form prospectus accessible through SEDAR+

Access to the final prospectus and any amendment to the documents is provided in accordance with securities legislation relating to procedures for providing access to a prospectus. The final prospectus is accessible on SEDAR+. An electronic or paper copy of the final prospectus and any amendment may be obtained, without charge, from Stifel Canada by e-mail at prospectuscanada@stifel.com by providing the contact with an e-mail address or address, as applicable. The final prospectus contains important detailed information about the company and the offering. Prospective investors should read the final prospectus and the other documents the company has filed on SEDAR+ before making an investment decision.

About Silver Tiger Metals Inc.

Silver Tiger is constructing 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.

We seek Safe Harbor.