El Tigre Silver Corp. Announces Proposed Warrant Extension

El Tigre Silver Corp. ("El Tigre" or the "Company") (TSX
VENTURE:ELS)(OTCQX:EGRTF)(FRANKFURT:5RT)  is pleased to announce that it will be
applying to the TSX Venture Exchange for approval to the extension of the expiry
date of 2,232,000 common share purchase warrants issued on December 30, 2011 and
January 26, 2012 from December 30, 2013 to December 30, 2014 and January 26,
2014 to January 26, 2015, respectively. These warrants were issued as part of a
private placement transaction and are exercisable at $0.40 into 2,232,000 common
shares of the Company.


All other terms of the warrants will remain the same.

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 the intention to apply to
the Exchange for approval of the extension to the term of the warrants.
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
[phone]
[e-mail]


El Tigre Silver Corp.
Rob Grace
Corporate Communications
[phone]
[e-mail]
www.eltigresilvercorp.com