El Tigre Silver Corp.
TSX VENTURE : ELS
FRANKFURT : 5RT
PINK SHEETS : EGRTF

El Tigre Silver Corp.

March 18, 2011 12:13 ET

El Tigre Silver Grants Incentive Stock Options

VANCOUVER, BRITISH COLUMBIA--(Marketwire - March 17, 2010) - El Tigre Silver Corp. (The "Company") (TSX VENTURE:ELS)(PINK SHEETS:EGRTF)(FRANKFURT:5RT) announces that it has granted incentive stock options to directors, officers and employees which allow for the purchase of an aggregate of 250,000 common shares for a period of five years at a price of $0.45 per share. These options have been granted pursuant to the Company's Stock Option Plan.

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 1578 meters of a 2200 meter drill program as of Mar. 14 news (http://www.eltigresilvercorp.com/_resources/news/nr_March_14_2011.pdf) and is expecting additional assay results shortly. This ongoing drill program 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.

Historical resources – a qualified person has not done sufficient work to classify any historical estimate at El Tigre as current mineral resources. The Company is not treating the historical estimate as current mineral resources and the historical estimate should not be relied upon.

Potential – the potential quality and grade is conceptual in nature. There has been insufficient exploration at the El Tigre silver property to define a mineral resource. It is uncertain if further exploration will result in discovery of a mineral resource.

Please note that safe harbour statements have to be property specific to protect the Company. They must also change over time as the risks change.

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