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El Tigre Silver Corp. Grants Incentive Stock Options

VANCOUVER, BRITISH COLUMBIA--(Marketwire - Dec. 24, 2012) - El Tigre Silver Corp. (TSX VENTURE:ELS)(EGRTF)(5RT.F) (the Company") announces that it has granted incentive stock options to directors, officers and employees which allow for the purchase of an aggregate of 1,287,500 common shares for a period of five years at a price of $0.20 per share. The options have been granted pursuant to the Company's Stock Option Plan.

The Company currently has an aggregate of 3,917,500 options outstanding under the Stock Option Plan.

About El Tigre Silver Corp.:
The Company, through its subsidiaries, holds the rights to 100% of nine mineral concessions, eight comprising of 431 square kilometers 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 technical report has been prepared for the El Tigre Property and can be found on the Company's profile on SEDAR at and on the Company's website at