El Tigre Silver Corp.

El Tigre Silver Corp.

June 16, 2011 09:00 ET

El Tigre Pursues Listing on OTCQX and Announces Engagement of Roth Capital as PAL

VANCOUVER, BRITISH COLUMBIA--(Marketwire - June 16, 2011) - El Tigre Silver Corp. (The "Company") ("El Tigre") (TSX VENTURE:ELS)(PINK SHEETS:EGRTF)(FRANKFURT:5RT) is pleased to announce that the Company is pursuing a listing on the OTCQX. The Company has engaged Roth Capital Partners LLC ("ROTH") as its Investment Bank Principal American Liaison ("PAL") for regulatory matters related to the Company's listing on the OTCQX International market in New York and exclusive OTCQX advisor for marketing the Company to U.S. investors.

Dorsey & Whitney LLP ("Dorsey") will serve as El Tigre's legal advisor on the OTCQX listing process and provide guidance on OTCQX legal requirements.

ROTH is a privately owned investment banking firm based in Newport Beach, California. ROTH offers its clients a full spectrum of investment banking services and is a recognized leader in providing investment banking, capital raising and research coverage for small and emerging growth companies. ROTH has raised approximately $11 billion for public companies since inception with 19 senior research analysts, and approximately 30 institutional sales representatives, covering over 270 public companies.

Stuart Ross, El Tigre's President and CEO states, "There are a growing number of American investors who are following El Tigre, and the Company would like to better serve those investors with the enriched trading platform provided through the OTCQX. We look forward to working with ROTH in introducing our silver story to the growing numbers of precious metals investors in the United States."

About the OTCQX International

The OTCQX International is reserved for international companies listed on a qualified stock exchange in their home country and is the premier tier of the U.S. over-the-counter market.

OTCQX companies use the quality-controlled OTCQX platform to offer investors transparent trading, superior information, and easy access through their U.S. regulated broker-dealers. The innovative OTCQX platform offers companies and their shareholders a level of marketplace services formerly available only on a U.S. exchange. OTCQX provides the highest level of visibility and access to U.S. investors possible in the OTC Market.

About Roth Capital Partners, LLC

Since 1984 Roth Capital Partners, LLC has been a leader and innovator in the small and micro-cap markets. ROTH is focused on providing the full spectrum of investment banking services, including raising capital, research coverage, creating liquidity, trading and market making, merger and acquisition advisory services, sales support, and investor conferences. ROTH's experience and capability supporting small cap public companies is the hallmark of the firm.

About Dorsey & Whitney LLP

Dorsey is a full service law firm that provides legal services to clients in a number of industries, including financial services, investment banking, life sciences, securities, technology and energy sectors, as well as nonprofit and government entities. Dorsey works closely with Canadian solicitors to provide seamless cross-border legal services and serves as U.S. counsel to Canadian public companies. Dorsey also represents issuers and underwriters in cross-border public and private debt and equity offerings by Canadian entities in the securities markets of the United States, Europe and other areas of the world.

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 that involve risks and uncertainties. Forward-looking statements in this news release include, but are not limited to, statements about the proposed listing of the Company on the OTCQX (the "OTCQX Listing"). The Company's actual results could differ materially from those expressed or implied by such forward looking-statements. Factors that could cause or contribute to such differences include, but are not limited to general economic conditions, changes in commodity prices generally and changes in market conditions. The OTCQX Listing is conditional upon a number of factors and there is no assurance that the OTCQX Listing will be completed. 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)