Overview

Silver Tiger Metals Inc. is a Canadian company whose management has more than 25 years’ experience discovering, financing and building large hydrothermal silver projects in Mexico. Silver Tiger’s 100% 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.

In 2016 acquired the El Tigre concessions covering over 28,000 hectares for 11 million dollars CDN-100% controlled and royalty-free
In 2019 purchased the 6283 hectares of land that contain the concessions where the majority of the exploration has been conducted for 1.1 million USD
Silver Tiger has raised in excess of 100 million CDN with 75 million dollars CDN in 4 bought deal financings
Cash balance of C$6.5 million as of August 31st, 2024
150,000 meters total drilled on the El Tigre Property with Silver Tiger drilling over 119,000 meters from 2020- present
Underground rehabilitation and slashing of the main portal for approximately 400 meters at an opening size of 4.0 meters by 4.5 meters
Completed construction of 60-person man-camp in June 2020
Completed 46 km access road in May 2023 from ET project to community of Colonia Morelos
Maiden MRE released 2017; updated MRE released 2023;
Delivered updated Mineral Resource Estimate and PEA November 2023 – Open Pit Portion
Delivered updated Mineral Resource Estimate and PFS October 2024 – Open Pit Portion
Deliver Permitted Underground PEA H1 2025

El Tigre Deposit – Conceptual Long Section – Looking East

El Tigre Deposit – Conceptual Section Mineralization Styles – Looking North

Unless otherwise herein, Dave Duncan P. Geo, VP Exploration of Silver Tiger is the Qualified Persons as defined under National Instrument 43-101. Mr. Duncan has reviewed and approved the scientific and technical information.

Mineral Resource Estimate

El Tigre Project - 2024 Mineral Resource Estimate

PIT CONSTRAINED	Cutoff	TONNAGE	Ag	Ag	Au	Au	Cu	Pb	Zn	AgEq	AgEq	AuEq	AuEq
OXIDE + SULFIDE	AuEq g/t	1000t	g/t	1000ozs	g/t	1000ozs	%	%	%	g/t	1000ozs	g/t	1000ozs
Measured	0.10/0.15	34,821	16	17,819	0.40	452	0.003	0.010	0.017	78	87,078	0.50	565
Indicated	0.10/0.15	26,943	16	13,490	0.38	326	0.002	0.007	0.013	75	65,286	0.48	415
Mea + Ind	0.10/0.15	61,764	16	31,309	0.39	778	0.002	0.009	0.015	77	152,364	0.49	980
Inferred	0.10/0.15	4,333	25	3,454	0.46	64	0.003	0.010	0.016	98	13,606	0.65	91
OUT-OF-PIT	Cutoff	TONNAGE	Ag	Ag	Au	Au	Cu	Pb	Zn	AgEq	AgEq	AuEq	AuEq
	AuEq g/t	1000t	g/t	1000ozs	g/t	1000ozs	%	%	%	g/t	1000ozs	g/t	1000ozs
Measured	1.50	1,523	226	11,070	0.34	16.6	0.13	0.38	0.57	292	14,313	3.80	186
Indicated	1.50	3,788	187	22,811	0.48	57.9	0.05	0.17	0.27	241	29,313	3.13	382
Mea + Ind	1.50	5,311	198	33,881	0.44	74.5	0.071	0.229	0.355	255	43,626	3.33	568
Inferred	1.50	10,063	140	45,207	0.62	202.1	0.06	0.28	0.50	216	69,731	2.81	908
TAILINGS	Cutoff	TONNAGE	Ag	Ag	Au	Au	Cu	Pb	Zn	AgEq	AgEq	AuEq	AuEq
	AuEq g/t	1000t	g/t	1000ozs	g/t	1000ozs	%	%	%	g/t	1000ozs	g/t	1000ozs
Measured	0.54	146	79	371	0.29	1.4	NA	NA	NA	102	479	1.29	6
Indicated	0.54	706	77	1,752	0.26	5.9	NA	NA	NA	98	2,218	1.24	28
Mea + Ind	0.54	852	77	2,124	0.27	7.3	NA	NA	NA	99	2,697	1.25	34
Inferred	0.54	52	81	134	0.27	0.5	NA	NA	NA	103	170	1.30	2
STOCKPILE	Cutoff	TONNAGE	Ag	Ag	Au	Au	Cu	Pb	Zn	AgEq	AgEq	AuEq	AuEq
	AuEq g/t	1000t	g/t	1000ozs	g/t	1000ozs	%	%	%	g/t	1000ozs	g/t	1000ozs
Measured	0.55	0	0	0	0	0.0	0	0	0	0	0	0	0
Indicated	0.55	101	181	586	0.92	3.0	0.023	0.226	0.104	255	824	3.49	11
Mea + Ind	0.55	101	181	586	0.92	3.0	0.023	0.226	0.104	255	824	3.49	11
Inferred	0.55	18	146	83	0.46	0.3	0.016	0.168	0.085	183	104	2.52	1
TOTAL	Cutoff	TONNAGE	Ag	Ag	Au	Au	Cu	Pb	Zn	AgEq	AgEq	AuEq	AuEq
	AuEq g/t	1000t	g/t	1000ozs	g/t	1000ozs	%	%	%	g/t	1000ozs	g/t	1000ozs
Measured	NA	36,490	25	29,260	0.40	469.9	0.008	0.026	0.041	88	101,871	0.66	757
Indicated	NA	31,538	38	38,640	0.39	392.9	0.007	0.027	0.044	96	97,641	0.82	836
Mea + Ind	NA	68,028	31	67,900	0.40	862.8	0.008	0.026	0.042	92	199,512	0.73	1,593
Inferred	NA	14,465	105	48,878	0.57	266.7	0.041	0.201	0.351	180	83,612	2.16	1,002

Pit Constrained Mineral Resource Sensitivity (Resource COG = 0.15 g/t AuEq)

MEASURED	TONNAGE	Ag	Ag	Au	Au	Cu	Pb	Zn	AgEq	AgEq	AuEq	AuEq
CUTOFF AUEQ	1000t	g/t	1000ozs	g/t	1000ozs	pct	pct	pct	g/t	1000ozs	g/t	1000ozs
1.00	3,433	63	6,905	1.24	136	0.01	0.02	0.02	251	27,680	1.63	180
0.90	4,268	56	7,647	1.14	157	0.01	0.02	0.02	230	31,577	1.50	206
0.80	5,386	49	8,472	1.05	182	0.01	0.01	0.02	209	36,234	1.36	236
0.70	6,926	42	9,461	0.96	213	0.00	0.01	0.02	188	41,913	1.23	273
0.60	8,957	37	10,608	0.86	248	0.00	0.01	0.02	168	48,409	1.10	316
0.50	11,719	32	11,917	0.77	288	0.00	0.01	0.02	148	55,898	0.97	364
0.40	15,505	27	13,439	0.67	333	0.00	0.01	0.02	129	64,330	0.84	419
0.30	20,491	23	14,928	0.58	379	0.00	0.01	0.02	111	72,938	0.72	474
0.20	27,171	19	16,475	0.48	423	0.00	0.01	0.02	93	81,137	0.60	528
0.15	31,396	17	17,287	0.44	441	0.00	0.01	0.02	84	84,801	0.55	551
0.10	35,709	16	17,879	0.40	455	0.00	0.01	0.02	76	87,481	0.50	569
INDICATED	TONNAGE	Ag	Ag	Au	Au	Cu	Pb	Zn	AgEq	AgEq	AuEq	AuEq
CUTOFF AUEQ	1000t	g/t	1000ozs	g/t	1000ozs	pct	pct	pct	g/t	1000ozs	g/t	1000ozs
1.00	2,364	97	7,373	1.22	93	0.00	0.01	0.02	290	22,019	1.89	144
0.90	2,861	85	7,802	1.15	105	0.00	0.01	0.02	265	24,380	1.73	159
0.80	3,496	74	8,269	1.07	120	0.00	0.01	0.02	241	27,074	1.57	176
0.70	4,356	63	8,765	0.98	137	0.00	0.01	0.02	216	30,290	1.40	197
0.60	5,549	52	9,351	0.89	158	0.00	0.01	0.02	192	34,197	1.24	221
0.50	7,267	43	10,027	0.79	184	0.00	0.01	0.02	167	38,970	1.08	252
0.40	9,818	34	10,833	0.68	216	0.00	0.01	0.02	142	44,826	0.91	288
0.30	13,828	26	11,740	0.57	255	0.00	0.01	0.02	117	51,997	0.75	333
0.20	19,824	20	12,693	0.47	297	0.00	0.01	0.01	94	59,676	0.60	381
0.15	23,452	17	13,141	0.42	314	0.00	0.01	0.01	84	62,962	0.53	401
0.10	27,220	15	13,505	0.37	327	0.00	0.01	0.01	75	65,410	0.48	416
MEA+IND	TONNAGE	Ag	Ag	Au	Au	Cu	Pb	Zn	AgEq	AgEq	AuEq	AuEq
CUTOFF AUEQ	1000t	g/t	1000ozs	g/t	1000ozs	pct	pct	pct	g/t	1000ozs	g/t	1000ozs
1.00	5,797	77	14,278	1.23	229	0.00	0.02	0.02	267	49,698	1.74	324
0.90	7,129	67	15,449	1.15	263	0.00	0.01	0.02	244	55,956	1.59	365
0.80	8,882	59	16,742	1.06	302	0.00	0.01	0.02	222	63,308	1.44	412
0.70	11,282	50	18,227	0.97	350	0.00	0.01	0.02	199	72,202	1.30	470
0.60	14,507	43	19,959	0.87	406	0.00	0.01	0.02	177	82,606	1.15	537
0.50	18,986	36	21,944	0.77	473	0.00	0.01	0.02	155	94,868	1.01	616
0.40	25,324	30	24,273	0.67	549	0.00	0.01	0.02	134	109,155	0.87	707
0.30	34,319	24	26,668	0.57	634	0.00	0.01	0.02	113	124,935	0.73	807
0.20	46,995	19	29,168	0.48	719	0.00	0.01	0.02	93	140,813	0.60	908
0.15	54,848	17	30,428	0.43	756	0.00	0.01	0.02	84	147,763	0.54	952
0.10	62,929	16	31,384	0.39	782	0.00	0.01	0.02	76	152,892	0.49	985
INFERRED	TONNAGE	Ag	Ag	Au	Au	Cu	Pb	Zn	AgEq	AgEq	AuEq	AuEq
CUTOFF AUEQ	1000t	g/t	1000ozs	g/t	1000ozs	pct	pct	pct	g/t	1000ozs	g/t	1000ozs
1.00	538	125	2,161	1.11	19	0.00	0.01	0.01	302	5,223	2.17	38
0.90	663	105	2,242	1.06	23	0.00	0.01	0.01	272	5,807	1.94	42
0.80	985	78	2,459	0.94	30	0.00	0.01	0.01	228	7,203	1.58	50
0.70	1,350	63	2,718	0.85	37	0.00	0.01	0.02	198	8,577	1.36	59
0.60	1,703	53	2,915	0.79	43	0.00	0.01	0.02	178	9,729	1.21	66
0.50	2,006	47	3,040	0.74	48	0.00	0.01	0.02	164	10,560	1.11	72
0.40	2,277	43	3,160	0.69	51	0.00	0.01	0.02	153	11,176	1.03	76
0.30	2,713	38	3,273	0.63	55	0.00	0.01	0.02	137	11,945	0.92	81
0.20	3,495	30	3,367	0.54	60	0.00	0.01	0.02	115	12,946	0.77	87
0.15	3,946	27	3,409	0.49	63	0.00	0.01	0.02	105	13,351	0.70	89
0.10	4,406	24	3,458	0.45	64	0.00	0.01	0.02	96	13,639	0.64	91

Out-of-Pit Mineral Resource Sensitivity (Resource COG = 1.5 g/t AuEq)

MEASURED	TONNAGE	Ag	Ag	Au	Au	Cu	Pb	Zn	AgEq	AgEq	AuEq	AuEq
CUTOFF AUEQ	1000t	g/t	1000ozs	g/t	1000ozs	pct	pct	pct	g/t	1000ozs	g/t	1000ozs
5.00	339	485	5,298	0.38	4	0.33	0.92	1.53	617	6,736	8.03	88
4.50	396	458	5,832	0.38	5	0.31	0.85	1.39	581	7,397	7.56	96
4.00	462	430	6,386	0.38	6	0.28	0.78	1.26	545	8,089	7.09	105
3.50	537	401	6,933	0.38	7	0.25	0.71	1.14	509	8,786	6.62	114
3.00	679	358	7,828	0.38	8	0.22	0.62	0.98	454	9,918	5.91	129
2.50	874	315	8,844	0.37	10	0.18	0.53	0.82	400	11,233	5.20	146
2.00	1,120	274	9,860	0.35	13	0.16	0.46	0.70	350	12,588	4.55	164
1.50	1,523	226	11,070	0.34	17	0.13	0.38	0.57	292	14,313	3.80	186
1.00	2,282	171	12,558	0.32	24	0.10	0.29	0.43	226	16,580	2.94	216
INDICATED	TONNAGE	Ag	Ag	Au	Au	Cu	Pb	Zn	AgEq	AgEq	AuEq	AuEq
CUTOFF AUEQ	1000t	g/t	1000ozs	g/t	1000ozs	pct	pct	pct	g/t	1000ozs	g/t	1000ozs
5.00	547	435	7,649	0.75	13	0.08	0.34	0.65	528	9,296	6.87	121
4.50	668	410	8,794	0.73	16	0.08	0.31	0.58	499	10,705	6.49	139
4.00	847	377	10,274	0.71	19	0.07	0.29	0.53	462	12,586	6.02	164
3.50	1,077	345	11,958	0.68	23	0.07	0.26	0.48	425	14,716	5.53	191
3.00	1,397	311	13,971	0.62	28	0.06	0.24	0.43	384	17,265	5.00	225
2.50	1,782	279	15,986	0.58	33	0.06	0.23	0.39	347	19,865	4.51	259
2.00	2,508	235	18,958	0.53	43	0.05	0.20	0.32	296	23,860	3.85	310
1.50	3,788	187	22,811	0.48	58	0.05	0.17	0.27	241	29,313	3.13	382
1.00	6,408	135	27,850	0.41	85	0.04	0.14	0.21	180	37,117	2.35	483
MEA + IND	TONNAGE	Ag	Ag	Au	Au	Cu	Pb	Zn	AgEq	AgEq	AuEq	AuEq
CUTOFF AUEQ	1000t	g/t	1000ozs	g/t	1000ozs	pct	pct	pct	g/t	1000ozs	g/t	1000ozs
5.00	887	454	12,947	0.61	17	0.18	0.56	0.99	562	16,031	7.32	209
4.50	1,063	428	14,626	0.60	21	0.16	0.51	0.88	529	18,103	6.89	236
4.00	1,308	396	16,660	0.59	25	0.14	0.46	0.79	491	20,675	6.40	269
3.50	1,614	364	18,891	0.58	30	0.13	0.41	0.70	453	23,502	5.89	306
3.00	2,077	327	21,799	0.54	36	0.12	0.37	0.61	407	27,183	5.30	354
2.50	2,656	291	24,831	0.51	43	0.10	0.32	0.53	364	31,098	4.74	405
2.00	3,628	247	28,817	0.48	56	0.09	0.28	0.44	312	36,448	4.07	474
1.50	5,311	198	33,881	0.44	75	0.07	0.23	0.35	255	43,626	3.32	568
1.00	8,690	145	40,409	0.39	108	0.05	0.18	0.27	192	53,697	2.50	699
INFERRED	TONNAGE	Ag	Ag	Au	Au	Cu	Pb	Zn	AgEq	AgEq	AuEq	AuEq
CUTOFF AUEQ	1000t	g/t	1000ozs	g/t	1000ozs	pct	pct	pct	g/t	1000ozs	g/t	1000ozs
5.00	1,021	440	14,441	1.10	36	0.10	0.50	0.92	575	18,875	7.48	246
4.50	1,164	414	15,503	1.11	41	0.10	0.50	0.91	549	20,550	7.15	268
4.00	1,367	383	16,807	1.12	49	0.09	0.49	0.87	516	22,660	6.71	295
3.50	1,842	334	19,809	1.07	63	0.08	0.42	0.73	457	27,054	5.95	352
3.00	2,691	270	23,405	0.91	79	0.09	0.50	0.95	391	33,801	5.09	440
2.50	3,678	235	27,806	0.82	97	0.08	0.44	0.82	342	40,410	4.45	526
2.00	5,528	194	34,540	0.73	129	0.06	0.36	0.65	285	50,583	3.71	659
1.50	10,063	140	45,207	0.62	202	0.06	0.28	0.50	216	69,731	2.81	908
1.00	19,458	99	61,750	0.50	312	0.04	0.20	0.33	156	97,760	2.03	1,273

Notes:

1. Mineral Resources, which are not Mineral Reserves, do not have demonstrated economic viability. The estimate of Mineral Resources may be materially affected by environmental, permitting, legal, title, taxation, socio-political, marketing, or other relevant issues.

2. The Inferred Mineral Resource in this estimate has a lower level of confidence than that applied to an Indicated Mineral Resource and must not be converted to a Mineral Reserve. It is reasonably expected that the majority of the Inferred Mineral Resource could be upgraded to an Indicated Mineral Resource with continued exploration.

3. The Mineral Resources were estimated in accordance with the Canadian Institute of Mining, Metallurgy and Petroleum (CIM), CIM Standards on Mineral Resources and Reserves, Definitions and Guidelines prepared by the CIM Standing Committee on Reserve Definitions and adopted by the CIM Council.

4. Historically mined areas were depleted from the Mineral Resource model.

5. Prices used are US$2,000/oz Au, US$25/oz Ag, US$4.00/lb Cu, US$0.95 lb Pb and US$1.25/lb Zn.

6. The pit constrained respective oxide and sulfide AuEq cut-off grades of 0.10 and 0.15 g/t were derived from 40% Ag and 83% Au oxide process recovery, 40% Ag and 56% Au sulfide process recovery, US$5.25/t process and G&A cost. The constraining pit optimization parameters were $2.00/t mining cost and 45° pit slopes. Regarding recoveries, the PFS recovery for Ag in oxide material was increased to 45% after more detailed study was completed after the Mineral Resource Estimate was finalized.

7. The out-of-pit AuEq cut-off grade of 1.50 g/t was derived 93% Ag and 89% Au process recovery, US$28/t process and G&A cost, and a $60/t mining cost. The out-of-pit Mineral Resource grade blocks were quantified above the 1.50 g/t AuEq cut-off, below the constraining pit shell and within the constraining mineralized wireframes. Out–of-Pit Mineral Resources are restricted to the El Tigre Main Veins, which exhibit historical continuity and reasonable potential for extraction by cut and fill and long hole mining methods.

8. The Stockpile AuEq cut-off grade of 0.54 g/t was derived from 85% Ag and 85% Au process recovery, US$28/t process and G&A cost, and a $2/t mining cost.

9. The Tailings AuEq cut-off grade of 0.55 g/t was derived from 82% Ag and 83% Au process recovery, US$28.72/t process and G&A cost.

10. AgEq and AuEq were calculated at an Ag/Au ratio of 166:1 (oxide) and 122:1 (sulfide) for pit constrained Mineral Resources.

11. AgEq and AuEq were calculated at an Ag/Au ratio of 77:1 for out-of-pit Mineral Resources.

12. AgEq and AuEq were calculated at an Ag/Au ratio of 80:1 for Low-Grade Stockpile Mineral Resources.

13. AgEq and AuEq were calculated at an Ag/Au ratio of 79:1 for Tailings Mineral Resources.

14. Totals may not sum due to rounding.

Dave Duncan P. Geo., VP Exploration of Silver Tiger, Charles Spath, P. Geo., VP of Technical Services of Silver Tiger, and Eugene Puritch, P.Eng., FEC, CET, President of P&E Mining Consultants are the Qualified Persons as defined under National Instrument 43-101. Mr. Duncan, Mr. Spath and Mr. Puritch have reviewed and approved the scientific and technical information related to the Mineral Resource Estimate.

Prefeasibility Study

El Tigre PFS - Highlights

After-Tax net present value (“NPV”) (using a discount rate of 5%) of US$222 million with an After-Tax IRR of 40.0% and Payback Period of 2.0 years (Base Case);
10-year mine life recovering a total of 43 million payable silver equivalent ounces (“AgEq”) or 510 thousand payable gold equivalent ounces (“AuEq”), consisting of 9 million silver ounces and 408 thousand gold ounces;
Total Project undiscounted after-tax cash flow of US$318 million;
Initial capital costs of $86.8 million, which includes $9.3 million of contingency costs, over an expected 18-month build, expansion capital of $20.1 million in year 3 and sustaining capital costs of $6.2 million over the life of mine (“LOM”);
Average LOM operating cash costs of $973/oz AuEq, and all in sustaining costs (“AISC”) of $1,214/oz AuEq or Average LOM operating cash costs of $12/oz AgEq, and all in sustaining costs (“AISC”) of $14/oz AgEq;
Average annual production of approximately 4.8 million AgEq oz or 56.7 thousand AuEq oz; and
Three (3) years of production in the Proven category in the Phase 1 Starter Pit.

El Tigre PFS – Cash Flows

El Tigre PFS – Price Sensitivities (replace El Tigre PFS Annual Production with this)

Sensitivity			Base Case
Silver Price (US$/oz)	18	22	26	30	34	38	42
Gold Price (US$/oz)	1,500	1,750	2,150	2,500	2,750	3,000	3,250
After-Tax NPV (5%) (US$M)	55.9	123.9	221.5	308.7	375.6	442.5	509.4
After-Tax IRR (%)	15.8	26.7	40.0	50.2	57.2	63.9	70.3
After-Tax Payback (years)	4.5	3.4	2.0	1.7	1.6	1.4	1.3

This National Instrument (“NI”) 43-101 Technical Report was prepared by P&E Mining Consultants Inc. (“P&E”) for Silver Tiger Metals Inc. (“Silver Tiger” or the “Company”) to provide a Pre-Feasibility Study (“PFS”) for the El Tigre Property (the “Property”), located in the State of Sonora, Mexico. The Property is 100% owned by Silver Tiger. Input to this PFS was also provided by D.E.N.M. Engineering Ltd. (“D.E.N.M.”) for mineral processing and metallurgy, Consultores Interdisciplinario en Medio Ambiente S.C. (“CIMA”) for environmental aspects, and WSP Canada Inc. (“WSP”) for geotechncial and hydrogeological engineering. This PFS considers the gold and silver mineralization at El Tigre that is amenable to open pit mining and has an effective date of October 22, 2024.

History of the El Tigre Mine District & Geological Journal Articles

The El Tigre Property lies at the northern end of the Sierra Madre gold belt which hosts many epithermal gold and silver deposits including Dolores, Santa Elena and 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 much of the production coming from the El Tigre vein. Underground mining on the El Tigre vein extended 1,450 meters along strike and mined on 14 levels to a depth of 450 meters. By the time the mine closed in 1938, 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 2 kilograms silver equivalent per ton.

The Legendary Mining District "El Tigre"

History, Production and Geology of the El Tigre District

Geology of El Tigre District - R.T. Mishler, 1920

Methods of Mining - R.T. Mishler, 1925

El Tigre Slime Tanks - R.T. Mishler, 1917

Plan Maps and Long Sections

El Tigre Mineralized System 25km

Plan Map of the El Tigre Veins and Drill Holes

Underground Drilling

El Tigre Deposit - Conceptual Long Section Looking East

Exploration Potential - 2024 MRE

Sulphide Zone Long Section

El Tigre District Mining Concessions - 35 km - 28,414 Hectares

Plan Map of the Sooy Vein

Cross Sections

El Tigre Deposit - Conceptual Section - Mineralization Styles - Looking North

El Tigre Cross Section 6650 - Caleigh & Protectora Vein

El Tigre Cross Section 6675 - Caleigh & Protectora Vein

El Tigre Cross Section 6125N - Benjamin Vein

El Tigre Cross Section 6100N - Benjamin Vein

Benjamin Cross Section 6200N (Drill Hole ET-21-272)

El Tigre Cross Section 6175N (Drill Hole ET-22-378)

El Tigre Cross Section 6075N - Benjamin Vein

Sulphide Zone—Cross Section 4490N

Sulphide Zone—Cross Section 4965N

Sulphide Zone – Cross Section 5015N

El Tigre Cross Section 6025N (Drill Hole ET-21-243)

Sulphide Zone Cross Section 4940N

El Tigre Cross Section 4900N - Sooy Vein

El Tigre Cross Section 4875N - Sooy Vein

El Tigre Cross Section 4870N (Drill Hole ET-316)

El Tigre Cross Section 4865N (Drill Hole ET-431)

El Tigre Cross Section 4850N - Sooy Vein

El Tigre Cross Section 4825N - Sooy Vein

El Tigre Cross Section 4812.2N - Sooy Vein

El Tigre Cross Section 4650N - Sooy Vein

El Tigre Cross Section 3875N - Sooy Vein

El Tigre Cross Section 4750N - Sooy Vein

El Tigre Cross Section 4425N

El Tigre Cross Section 4050N

El Tigre Cross Section 4925N (Drill Hole ET-21-236)

El Tigre Cross Section 4950N (Drill Holes ET-21-241, 246 and 250)

El Tigre Cross Section 4000N (Drill Hole ET-21-244)

Seitz Kelly Cross Section 5050N (Drill Holes ET-21-262, 264 and 265)

Seitz Kelly Cross Section 5075N (Drill Holes ET-21-268 and 271)

El Tigre Cross Section 5075N (Drill Holes ET-21- 287, ET-21-289 and ET-21-291)

Seitz Kelly Vein and New Discovery Zone - Section 5075N (Drill Holes ET-21-278 and ET-21-271)

El Tigre Cross Section 5100N (Drill Holes ET-21- 288 and ET-21-293)

El Tigre Cross Section 5100N (Drill Hole ET-21-296)

El Tigre Cross Section 5100N (Drill Hole ET-21-300 and ET-21-305)

El Tigre Cross Section 4100N – Stockwork Zone

El Tigre Cross Section 4200N – Stockwork Zone

El Tigre Cross Section 4325N – Stockwork Zone

El Tigre Cross Section 4900N – Stockwork Zone

El Tigre Cross Section 4900N – Sulfide Zone

Photos

Historic El Tigre Mine – 1908 to 1930

Underground Rehabilitation

Access Roads

El Tigre – Core Shack

El Tigre - 2023

El Tigre - 2022

El Tigre – 2021

El Tigre – 2020

El Tigre – Drilling

El Tigre – Area Photos

Disclaimer:

User Agreement

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Although care has been taken in preparing and maintaining the information and materials contained on this Website, they are provided on an "as is" basis, without warranty of any kind, either express or implied, with respect to the accuracy or completeness of the information and Silver Tiger does not assume any responsibility or liability whatsoever for publishing them herein. In using this Website, you agree that Silver Tiger shall not be liable for any damages whatsoever (including indirect, incidental, special, punitive or consequential damages and loss of profits, opportunities or information) arising from (a) your use of or reliance on information contained on this Website; (b) any inaccuracy or omission in such information or failure to keep the information current; (c) use of any third-party web sites linked or referred to in this Website; (d) any delays, inaccuracies or errors in, or in the transmission of, any stock price quotes or historical price data; (e) any Internet software used in connection with this Website or computer viruses or other destructive programs encountered as a result of using this Website; and (f) any other matter connected with the Website, even if Silver Tiger is made aware of the possibility of such claims, damages or losses.

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This Website is not to be construed as a form of promotion, an offer to sell securities or as a solicitation to purchase our securities. This Website has been produced as a source of general information only.

Please note that this Website contains "forward-looking information", within the meaning of applicable Canadian securities legislation. Forward-looking information includes, but is not limited to, information with respect to our plans respecting our mineral projects and our other key mineral properties and the ability to secure and maintain required permits for such projects and properties, exploration expenditures and activities and the possible success of such exploration activities, the estimation of mineral reserves and resources, the realization of mineral estimates, the timing and amount of estimated future production, costs of production, capital expenditures, costs and timing of the development of new deposits, mineral pricing, mine life projections, the availability of third-party concentrate, business and acquisition strategies and the timing and possible outcome of pending litigation. Often, but not always, forward-looking information can be identified by the use of words like "plans", "expects", "estimates", "forecasts", "intends", "understands", "anticipates", and similar expressions. Forward-looking information is based on the opinions and estimates of management as of the date such information is provided and is subject to known and unknown risks, uncertainties and other factors that may cause our actual results, level of activity, performance or achievements to be materially different from those expressed or implied by such forward-looking information, including risks associated with the mining industry such as economic factors (including future commodity prices, currency fluctuations and energy prices), failure of plant, equipment, processes and transportation services to operate as anticipated, dependence on key personnel and employee relations, environmental risks, government regulation, actual results of current exploration activities, possible variations in ore grade or recovery rates, permitting timelines, capital expenditures, reclamation activities, land titles, and social and political developments and other risks of the mining industry. Although we have attempted to identify important factors that could cause actual results to differ materially from those contained in forward-looking information, there may be other factors that cause results not to be as anticipated, estimated or intended. There can be no assurance that forward-looking information will prove to be accurate, as actual results and future events could differ materially from those anticipated in such information. Accordingly, readers should not place undue reliance on forward-looking information. We do not undertake to update any forward-looking information, except as required by applicable securities laws, or to comment on analyses, expectations or statements made by third parties in respect of us, our financial or operating results or our securities.

Cautionary Note to US Investors

The disclosure on this Website has been prepared in accordance with the requirements of Canadian securities laws, which differ from the requirements of United States securities laws. Disclosure, including scientific or technical information, has been made in accordance with Canadian National Instrument 43-101 -- Standards of Disclosure for Mineral Projects ("NI 43-101"). NI 43-101 is a rule developed by the Canadian Securities Administrators that establishes standards for all public disclosure an issuer makes of scientific and technical information concerning mineral projects. As a result, information contained on this Website containing descriptions of the mineral properties or estimates of mineral reserves or resources of Silver Tiger is not comparable to similar information disclosed by U.S. companies in reports filed with the SEC.

For example, the terms "measured mineral resources", "indicated mineral resources", "inferred mineral resources", "proven mineral reserves" and "probable mineral reserves" are used on this Website to comply with the reporting standards in Canada. While those terms are recognized and required by Canadian regulations, the SEC does not recognize them.

Under the rules and regulations of the SEC set forth in Industry Guide 7, a U.S. company may only disclose estimates of proven and probable mineral reserves, and may not disclose estimates of any classification of mineral resources. In addition, the definitions of proven and probable mineral reserves used in NI 43-101 differ from the definitions in the SEC Industry Guide 7. Under United States standards, mineralization may not be classified as a "reserve" unless the determination has been made that the mineralization could be economically and legally produced or extracted at the time the reserve determination is made. Investors are cautioned not to assume that all or any part of the mineral deposits in these categories will ever be converted into mineral reserves. Any estimate of mineral reserves or resources has a great amount of uncertainty as to its existence, and great uncertainty as to its economic and legal feasibility with estimates of mineral resources having a greater degree of uncertainty. It cannot be assumed that all or any part of measured mineral resources, indicated mineral resources or inferred mineral resources will ever be upgraded to a mineral reserve or mined. Further, in accordance with Canadian rules, estimates of inferred mineral resources cannot form the basis of feasibility or other economic studies. Investors are cautioned not to assume that any part of the reported measured mineral resources, indicated mineral resources, or inferred mineral resources on this Website will ever be classified as a reserve. Disclosure of "contained ounces" is permitted disclosure under Canadian regulations; however, the SEC normally only permits issuers to report mineralization that does not constitute reserves as in place tonnage and grade without reference to unit measures.

El Tigre Historic Mine District