Silver Tiger Metals Inc. provided an update on the first 110 drill holes of the Company's Pre-Feasibility Study ("PFS") drilling program on its El Tigre Project in Sonora, Mexico. These new results are highlighting the expansion of the mineralization along the Footwall of the PEA "Starter Pit". On May 20th, Silver Tiger has completed PFS Drilling, totaling 24,550 metres focused on expanding the Mineral Resource, up-grading the classification, completing metallurgical testwork and geotechnical studies as it progresses from an exploration to a development project.

Converting a significant portion of the 2 km strike length ' ultimate' PEA pit-constrained Inferred Mineral Resource to Indicated; Completion of enhanced PFS Metallurgical Drilling, with samples underway comminution and leach testing; and Completion of enhanced PFS Geotechnical Drilling, with samples underway Comminution and leach testing. On October 27, 2023, P&E released an updated El Tigre Project NI 43-101 and NI 43-01 F1 compliant MRE technical report titled "Technical Report and Updated Mineral Resource Estimate of the El Tigre Silver-Gold Project, Sonora, Mexico"authored by William Stone, Ph.D., P.Geo.,Yungang Wu, P.Geo., Fred H. Brown, P.Geo., Jarita Barry, P.Geo., David Burga, P.Geo., D. Grant Feasby, P.Eng., Eugene Puritch, P.Eng., FEC, CET and David Salari, P.Eng. The MRE has a pit-constrained Indicated Mineral Resource totaling 43.0 million tonnes containing 818 thousand ounces AuEq grading 0.59 g/t AuEq; and a pit- Constrained Inferred Mineral Resource of 11.5 million tonnes containing 267 thousand ounces AuEq grading0.72 g/t AuEq.

P&E were again retained to lead the current El Tigre PFS-level study. Complete and final assay results are listed in Table 1: Drill hole ET-24-576: Confirms location and grade of the sharp Hanging Wall Zone Contact; and Drill hole ET-24-580: Shows high-grade, consistent mineralization 100m to south of PEA 'Starter Pit'.