“El Tigre is quickly taking shape, and we could not be more pleased with the momentum on site. We have a 285-person Mexican engineering and construction team on the ground, a seasoned mine construction leadership team in place and a very experienced EPCM partner.  Every long-lead item for the plant is already secured. Engineering is on schedule, earthworks are well underway and our camps are operational.”
– Glenn Jessome, President & CEO, Silver Tiger Metals

 Silver Tiger Metals Inc. (TSX:SLVR) (OTCQX:SLVTF) is pleased to provide a construction update for the El Tigre Stockwork Project located in Sonora, Mexico. Construction commencement was announced in the first quarter of 2026 and is progressing on schedule for first pour in the fourth quarter of 2027.

Glenn Jessome, President and CEO stated, “El Tigre is quickly taking shape, and we could not be more pleased with the momentum on site. We have a 285-person Mexican engineering and construction team on the ground, a seasoned mine construction leadership team in place and a very experienced EPCM partner.  Every long-lead item for the plant is already secured. Engineering is on schedule, earthworks are well underway and our camps are operational” Mr. Jessome further stated, “With US$72 million of our US$124 million capital budget already committed and all required money on hand to complete construction, El Tigre is firmly on track to become Mexico’s next silver and gold producer. We look forward to commissioning and first pour in December 2027, and to delivering meaningful value to our shareholders as we move from developer to producer.”

Commissioning and First Pour

We are pleased to advise that the Silver Tiger Stockwork Project remains on schedule for commissioning and first pour in December 2027.

El Tigre Construction Progress

Silver Tiger Capex and Cash Available

To date, the Corporation has spent approximately US$24 million and committed US$72 million of the US$124 million projected capital expenditure for the El Tigre Stockwork Project. This leaves $100 million USD to spend to complete construction. Silver Tiger has approximately US$120 million cash on hand.

Figure 1 – El Tigre Key Schedule Milestones 

Figure 2 – El Tigre Detailed Engineering

Photo 1: Leach pad and mine facilities area with earthworks in progress 

Photo 2: Construction of the operations camp in progress

Photo 3: Earthworks of the waste dump in progress

 Photo 4: Ponds earthworks in progress.

Silver Tiger October and November Mining Conference Attendance 

• The Ignite Investment Summit Hong Kong on October 13 and 14, 2026
• Nordic Funds and Mines 2026 in Stockholm on October 15 and 16, 2026
• Hidden Gem Conference in New York on October 19 and 20, 2026
• Canaccord Genuity 2^nd Annual Silver Conference in New York on October 20, 2026
• New Orleans Investment Conference from October 28 to 31, 2026
• Munich Mining Conference on November 6 and 7, 2026
• 121 Mining Investment London on November 23 and 24, 2026

“With US$72 million of our US$124 million capital budget already committed and all required money on hand to complete construction, El Tigre is firmly on track to become Mexico’s next silver and gold producer. We look forward to commissioning and first pour in December 2027, and to delivering meaningful value to our shareholders as we move from developer to producer.”

– Glenn Jessome, President & CEO, Silver Tiger Metals

About Silver Tiger 

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% 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 at www.silvertigermetals.com.

Silver Tiger has entered into an Engineering Procurement and Construction Management Contract (“EPCM”) with Kappes, Cassiday & Associates (“KCA”) and Kappes, Cassiday del Norte S de RL de CV (“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.

Technical information contained in this news release with respect to Silver Tiger has been reviewed and approved by Mr. Robert Harris, P.Eng., a qualified person as defined by National Instrument 43-101.

VRIFY Slide Deck and 3D Presentation – Silver Tiger’s El Tigre Project

VRIFY is a platform being used by companies to communicate with investors using 360° virtual tours of remote mining assets, 3D models and interactive presentations. VRIFY can be accessed by website and with the VRIFY iOS and Android apps.  The VRIFY Slide Deck and 3D Presentation for Silver Tiger Metals Inc. can be viewed on the Corporation’s website at:  www.silvertigermetals.com