Silver Tiger Announces Closing of $23 Million Bought Deal Financing

HALIFAX, NOVA SCOTIA – March 17, 2022 – Silver Tiger Metals Inc. (TSXV:SLVR) (“Silver Tiger” or the “Corporation”) is pleased to announce that it has closed its previously announced bought deal offering (the “Offering”) of common shares of the Company (the “Shares”) with a syndicate of underwriters. An aggregate of 40,365,000 Shares at a price of C$0.57 per Share for gross proceeds to the Company of approximately C$23 million were sold including 5,265,000 Shares for gross proceeds of approximately $3 million on the exercise in full of the over-allotment option granted by the Corporation to the syndicate of underwriters.

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