Silver Tiger Announces Filing of Final Short Form Prospectus

FINAL SHORT FORM PROSPECTUS ACCESSIBLE ON SEDAR+

/NOT FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES OR FOR RELEASE, PUBLICATION, DISTRIBUTION OR DISSEMINATION DIRECTLY, OR INDIRECTLY, IN WHOLE OR IN PART, IN OR INTO THE UNITED STATES/

All monetary amounts are expressed in Canadian Dollars, unless otherwise indicated.

HALIFAX, NS, Oct. 8, 2026 /CNW/ -- Silver Tiger Metals Inc. (TSX: SLVR) ("Silver Tiger" or the "Company") is pleased to announce that, further to its news release dated September 21, 2026, it has filed a final short form prospectus dated October 8, 2026 (the "Final Prospectus") with the securities commissions in each of the provinces of Canada, except Quebec, in connection with its bought deal public offering of 87,000,000 units of the Company (the "Units") at $1.00 per Unit for aggregate gross proceeds of $87,000,000 (the "Offering"). Each Unit is comprised of one common share of the Company (a "Common Share") and one-half of one Common Share purchase warrant (each whole Common Share purchase warrant, a "Warrant"). Each Warrant shall be exercisable into one Common Share (a "Warrant Share") at a price of $1.35 per Warrant Share for an exercise period of 24 months from the closing of the Offering.

The Offering is being conducted through a syndicate of underwriters including Stifel Nicolaus Canada Inc., as sole bookrunner and lead underwriter ("Stifel Canada"), and BMO Capital Markets, Canaccord Genuity Corp. and Desjardins Securities Inc. (together with Stifel Canada, the "Underwriters"). The Company has granted the Underwriters an option (the "Over-Allotment Option") to purchase an additional 13,050,000 Units on the same terms and exercisable at any time up to 30 days following the closing of the Offering, for market stabilization purposes and to cover over-allotments, if any. If the Over-Allotment Option is exercised in full, additional gross proceeds of $13,050,000 will be raised pursuant to the Offering and the aggregate gross proceeds of the Offering will be $100,050,000.

The Offering is being conducted in each of the provinces of Canada, except Quebec, and outside of Canada in accordance with applicable securities laws.

Closing of the Offering is expected to occur on or about October 13, 2026 (the "Closing Date"). The Toronto Stock Exchange ("TSX") has conditionally approved the listing of the Common Shares to be issued pursuant to the Offering (including any exercise of the Over-Allotment Option), subject to customary conditions.

This press release shall not constitute an offer to sell or the solicitation of an offer to buy nor shall there be any sale of the securities in any state in which such offer, solicitation or sale would be unlawful. The securities being offered have not been, nor will they be, registered under the United States Securities Act of 1933, as amended (the "U.S. Securities Act"), or any U.S. state securities laws, and may not be offered or sold in the "United States" or to "U.S. Persons" (as such terms are defined in Regulation S under the U.S. Securities Act) absent registration under the U.S. Securities Act and all applicable U.S. state securities laws, or in compliance with an exemption therefrom.

Final Short Form Prospectus is Accessible through SEDAR+:

Access to the Final Prospectus and any amendment to the documents is provided in accordance with securities legislation relating to procedures for providing access to a prospectus. The Final Prospectus is accessible on SEDAR+ at www.sedarplus.ca. An electronic or paper copy of the Final Prospectus and any amendment may be obtained, without charge, from Stifel Canada by email at [email protected] by providing the contact with an email address or address, as applicable. The Final Prospectus contains important detailed information about the Company and the Offering. Prospective investors should read the Final Prospectus and the other documents the Company has filed on SEDAR+ before making an investment decision.

About Silver Tiger

Silver Tiger is constructing the El Tigre Stockwork Zone Project (the "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 2026 technical report for the Project is available on SEDAR+ and under the Company's profile as well as on its website at www.silvertigermetals.com.

CAUTIONARY STATEMENT:

Neither the TSX nor its Regulation Services Provider (as that term is defined in the policies of the TSX) accepts responsibility for the adequacy or accuracy of this release.

This news release may contain "forward-looking information" as defined in applicable Canadian securities legislation. All statements other than statements of historical fact, included in this release, including, without limitation, the anticipated Closing Date of the Offering, statements regarding closing of the Offering, approval of the TSX, construction of the Project, and future plans and objectives of Silver Tiger constitute forward-looking information that involve various risks and uncertainties. Forward-looking information is based on a number of factors and assumptions which have been used to develop such information but which may prove to be incorrect, including, but not limited to, assumptions in connection with the continuance of Silver Tiger and its subsidiaries as a going concern, general economic and market conditions, mineral prices, the accuracy of mineral resource estimates, and the performance of the Project. Forward looking statements are frequently characterized by words such as "will", "may", "is expected to", "subject to", "anticipates", "estimates", "intends", "plans", "projection", "could", "vision", "goals", "objective" and "outlook" and other similar words. Although Silver Tiger believes the expectations expressed in such forward-looking statements are based on reasonable assumptions, there can be no assurance that such information will prove to be accurate and actual results and future events could differ materially from those anticipated in such forward-looking information.

Important factors that could cause actual results to differ materially from Silver Tiger expectations include exploration and development risks associated with the Silver Tiger projects, the failure to establish estimated mineral resources or mineral reserves, volatility of commodity prices, variations of recovery rates, and global economic conditions. For additional information with respect to risk factors applicable to Silver Tiger, reference should be made to Silver Tiger continuous disclosure materials filed from time to time with securities regulators, including, but not limited to, its annual information form. The forward-looking information contained in this release is made as of the date of this release

SOURCE Silver Tiger Metals Inc.

For further information, please contact: Glenn Jessome, President and CEO, 902 492 0298, [email protected]