Mr. Glenn Jessome reports

SILVER TIGER ANNOUNCES CLOSING OF C$100,050,000 BOUGHT DEAL FINANCING INCLUDING FULL EXERCISE OF THE OVER-ALLOTMENT OPTION

Silver Tiger Metals Inc. has closed its previously announced bought deal offering of units of the company with a syndicate of underwriters. Following the full exercise of the overallotment option, an aggregate of 100.05 million units were sold at a price of $1 per unit for gross proceeds to the company of $100.05-million. Each unit is composed of one common share of the company and one-half of one common share purchase warrant. Each warrant entitles the holder thereof to acquire one common share at a price of $1.35 per warrant share for a period of 24 months following the closing of the offering. The company intends to use the proceeds of the offering to finance exploration and development expenditures at the company's project (defined below), as well as for working capital and general corporate purposes.

The offering was completed by a syndicate of underwriters led by Stifel Canada, as sole bookrunner and lead underwriter, and BMO Capital Markets, Canaccord Genuity Corp. and Desjardins Securities Inc. The underwriters were paid a cash commission of 5.0 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 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. The 2026 technical report for the project is available on SEDAR+ and under the company's profile, as well as on its website.

We seek Safe Harbor.