El Tigre Silver Corp.

El Tigre Silver Corp.

June 27, 2011 09:00 ET

El Tigre Adds Experience With Appointment of Chief Geologist

VANCOUVER, BRITISH COLUMBIA--(Marketwire - June 27, 2011) - El Tigre Silver Corp. (The "Company") ("El Tigre") (TSX VENTURE:ELS)(PINK SHEETS:EGRTF)(FRANKFURT:5RT) is pleased to announce the appointment of Jose Velazquez as Chief Geologist to guide the ongoing exploration work at the Company's El Tigre property.

Mr. Velazquez brings over 30 years of experience in exploration and mine geology, field work and supervision of mining exploration projects in Mexico to El Tigre. He has managed projects from grass roots to pre-feasibility and has supervised over 100,000 metres of drilling. Projects that he was responsible for include the La Colorada, Sonora mined by El Dorado; Moris, Chihuahua mined by Manhattan and the San Filipe Deposit, Baja California mined by Frisco.

Mr. Eugene Schmidt will not continue as El Tigre's Vice President of Exploration but will continue to be available as a consultant to El Tigre as the Company continues with exploration of the El Tigre project. Mr. Schmidt will also play a key role as an advisor as the Company continues to review other exploration opportunities.

Stuart Ross, El Tigre's President and CEO, states, "We are extremely pleased to have Mr. Velazquez on our team as we advance our exploration of the El Tigre project. His past experience with precious metal discoveries in northern Mexico will undoubtedly prove invaluable as we move forward with the project. With Mr. Schmidt available as a consultant and Mr. Velazquez working full time on the project the Company believes that the enhanced team has the depth and breadth of experience to succeed in its exploration programs in Mexico."

About El Tigre

The Company, through its subsidiaries, holds the rights to 100% of nine mineral concessions totaling 43,098 hectares located in north-eastern Sonora, Mexico (the "El Tigre Property"). The El Tigre Silver Mine was historically a significant producer of high grade silver in Mexico, having produced an estimated 75 million ounces of silver at an average grade of 40 ounces per ton. The Company has completed a 2313 metre drill program and is currently reviewing the assay results in advance of an additional minimum 5000 metres of drilling. Diamond Drilling is exploring low-grade silver-gold mineralization that is believed to extend for approximately 2.5 kilometers along the strike of the vein system. A technical report has been prepared for the El Tigre Property and can be found on the Company's profile on SEDAR at www.sedar.com and on the Company's website at www.eltigresilvercorp.com.

Cautionary Statements:

This news release contains forward-looking statements concerning the El Tigre silver property. Forward-looking statements involve risks, uncertainties and other factors that could cause actual results, performance, prospects and opportunities to differ materially from those expressed or implied by such forward-looking statements. Factors that could cause actual results to differ materially from these forward-looking statements include those risks set out in the Company's public documents filed on SEDAR at www.sedar.com. Although the Company believes that the assumptions and factors used in preparing the forward-looking statements are reasonable, undue reliance should not be placed on these statements, which only apply as of the date this news release, and no assurance can be given that such events will occur in the disclosed times frames or at all. Except where required by law, the Company disclaims any intention or obligation to update or revise any forward-looking statement, whether as a result of new information, future events or otherwise.

The TSX Venture Exchange has neither approved nor disapproved of the contents of this press release. Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this press release.

Contact Information

  • El Tigre Silver Corp.
    Stuart Ross
    President and CEO
    (780) 977-7187

    El Tigre Silver Corp.
    Rob Grace
    Investor Relations
    (604) 639-0044
    (604) 608-6163 (FAX)