Sabrina Gold & Silver updates site development and exploration activities at the Back River Gold Project

Sabina Gold & Silver Corp. (SBB.T/SGSVF.OTCQX) is pleased to announce that the Goose Camp has been successfully re-opened and work programs focused on pre- development advancement and exploration have commenced at the Goose Property on its 100 per cent-owned Back River Gold Project in Nunavut, Canada

Operating under Sabina’s COVID-19 Protocol Operational Framework, camp personnel have been safely mobilized into site and have commenced the 2021 field programs. Sabina will continue to engage with relevant parties and with the safety and well-being of our employees as our focus, will modify protocols based on new information to ensure our measures are protective.

Sabina anticipates that the Goose site will remain open from present to end of year for 2021 targeting several key initiatives focused on advancing the project. Pre-development activities are focused on critical path activities needed to maintain the targeted production schedule as contemplated in the Updated Feasibility Study.

Exploration drilling and field programs will focus on advancement of gold targets and zones designed to provide near term positive impact at the Goose site. In addition, a return to the George site for reconnaissance work will help develop a phased strategy for future programs on the Back River Gold District’s second most advanced property.

“We have a busy year planned at Back River for 2021,” said Bruce Mcleod, president and CEO. “Camp is now up and running and we are looking forward to another successful year, accomplishing the necessary activities to continue to advance the project towards a production decision. Exploration drills have started turning with first results expected in June and camp personnel are gearing up for significant earthworks this year. Construction is also set to begin on the underground exploration ramp at Umwelt. As we focus on pre-development work at Goose, this year, we will also be returning to the George property for the first time since 2013. Situated approximately 50-kilometres north of the Goose site, George is the Back River Gold District’s second most advanced property, and we are eager to apply some of the successful exploration themes from Goose to the deposits at George.”

Project Development

Project development work at Goose will focus on detailed engineering, procurement, completion of select earthworks at the Port and Goose site and commencing the development of the underground ramp for exploration of the Umwelt deposit.

Detail engineering will advance on the crushing and screening plant, process plant, power house, truck shop and the Goose site fuel farm design. Detailed engineering should be largely competed in H2, 2021.

Additionally, Sabina is working to complete detailed design for the plant site pond; rough grade for the process plant; fuel farm pad; water management structures; and accommodation complex design. As part of this work, the company is also evaluating optimization opportunities on the sequencing of underground and open-pit mining.

The exploration ramp, will involve establishing the on-surface support facilities, collaring the five-metre-by-five-metre portal and driving toward the Umwelt underground to provide for continued exploration of the Unwelt Zone.

Procurement items include Phase 1 of the accommodation complex ~(278 rooms); steel and cladding for the process mill building and truck shop; multiplate steel tunnels for crushed ore reclaim; construction equipment required for foundation installation and building erection; secondary cone crusher, crusher screen and grizzly feeder; and phase one of the open pit mining fleet. These items will enable Sabina to be well prepared to begin pre-stripping of the Echo open pit once funding is obtained and a production decision is made.

Sabina is also actively working with a logistics specialist (Air- and Sea-lift) to finalize the execution strategy for goods and equipment to site.

Construction activities will continue with civil works including; construction of bulk fuel storage tank and containment at the Goose Site; completion of the fuel containment berm at the Port; advancement of the underground exploration ramp development at Umwelt; completion of infrastructure to support ramp activities, including a surface workshop for equipment maintenance, and water storage settling pond. This field season includes a geotechnical drilling program to provide additional information for water management structures.

Figure 1: General locations for 2021 Spring Drilling Exploration Targets.

Exploration

The spring drilling program at Goose will total approximately 4000 metres and will be carried out during April and May. Drilling will be focused on testing four to five early-stage exploration target areas and a four to five drillholes at the Hook zone (Figure 1 & 2). The early-stage exploration targets have been evolved through updated geological modeling with refined data interpretations derived from the study of historic drill core, recent field mapping and geophysics that includes input from a VTEM survey that was completed in 2020. The early-stage targets are predominantly of shallow to moderate depth and success at any of these targets could have the potential to impact current mine life economics. The Hook zone, which is located along the favorable gold structure that trends between the Goose Main and the Nuvuyak deposits, will be tested with a series of four to five drill holes. Drilling will focus on a 300 m section of the 700 m Hook zone where favourable geology and significant gold values show a strong potential for mineralization similar to that seen at Goose Main and Nuvuyak.

Figure 2: Focused view of the Hook target, a key area between the Goose Main Deposit and the Nuvuyak Deposit.

A summer field work program is planned for the George site, which is located 50-kilometres north of the Goose site. George currently has a mineral resource estimate of 1.2 M oz @ 5.34g/t Au in the Indicated category and an additional 1.1M oz @ 6.12g/t Au in the Inferred category. Field work at George will consist of field mapping and rock sampling for evaluation and modeling of drill targets outside of the current George resource areas. This field campaign at George will be the first phase of a focused return to George exploration with the objective of demonstrating potential for additional discovery and resource growth towards definition of a stand- alone secondary development site for Sabina at Back River.

For more information, visit Sabrina Gold & Silver Corp.

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April 20, 2021

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