ELS

El Tigre Silver Corp. ("El Tigre" or the "Company") (TSX
VENTURE:ELS)(FRANKFURT:5RT)(OTCQX:EGRTF) is pleased to announce a non-brokered
private placement for up to 6,000,000 units of the Company ("Units") at a price
of $0.25 per Unit for aggregate cash proceeds of $1,500,000. Each Unit will be
comprised of one common share and one-half of a common share purchase warrant
(each whole warrant, a "Warrant"). Each whole Warrant will entitle the holder to
acquire an additional common share of the Company for a period of 24 months from
the date of issue at a price of $0.38, provided that, if over a period of 20
consecutive trading days after the expiry of the hold period on the warrants,
the daily volume weighted average trading price of the common shares of the
Company on the TSX Venture Exchange (or such other stock exchange on which such
shares are listed) is greater than $0.50, then at the Company's discretion, it
may, within 10 days of such 20 day period, accelerate the expiry date of the
Warrants to a date 30 days after the date of the notice.


The proceeds will be used to continue exploration on the El Tigre Property
(defined below) and for general working capital purposes. 


This private placement is subject to regulatory approval, and the common shares,
together with the shares issued on the exercise of the Warrants, will be
restricted from trading for a period of four months and a day from the date of
issuance of the Units, in compliance with securities legislation and TSX Venture
Exchange policies. 


This news release does not constitute an offer to sell or the solicitation of an
offer to buy, nor shall there be any sale of these securities, in any
jurisdiction in which such offer, solicitation or sale would be unlawful prior
to registration or qualification under the securities laws of such jurisdiction.
The securities have not been and will not be registered under the United States
Securities Act of 1933, as amended (the "U.S. Securities Act"), or any state
securities laws and may not be offered or sold within the United States or to,
or for the account or benefit of, "U.S. persons," as such term is defined in
Regulation S under the U.S. Securities Act, unless an exemption from such
registration is available.


About El Tigre 

The Company, through its subsidiaries, holds the rights to 100% of nine mineral
concessions, eight comprising of 215 square kilometres located in north-eastern
Sonora, Mexico (the "El Tigre Property"). El Tigre also holds one additional 32
hectare claim separate from the El Tigre Property. A NI 43-101Technical Report
Preliminary Feasibility Study has been prepared for the El Tigre Silver Project
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.


This news release contains forward-looking statements and forward-looking
information (together, "forward-looking statements") within the meaning of
applicable securities laws and the United States Private Securities Litigation
Reform Act of 1995. Forward-looking statements include amount and use of
proceeds from the offering. 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.


FOR FURTHER INFORMATION PLEASE CONTACT: 
El Tigre Silver Corp.
Stuart Ross
President and CEO
(778) 980-7187
srross@eltigresilvercorp.com


El Tigre Silver Corp.
Steven Craig
VP Exploration
(775) 815-8456
scraig@eltigresilvercorp.com


El Tigre Silver Corp.
Rob Grace
Corporate Communications
(604) 639-0044
rgrace@eltigresilvercorp.com
www.eltigresilvercorp.com

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