Technical Report For Updated Goose Project Feasibility Study

VANCOUVER — Sabina Gold & Silver Corp. has filed its National Instrument 43-101 Technical Report entitled “National Instrument (NI) 43-101 Technical Report 2021 - Updated Feasibility Study for the Goose Project at the Back River Gold District (UFS).

“We are pleased to file the NI 43-101 Technical Report for the Goose mine planned on our 100% owned Back River Gold District,” said Bruce McLeod, President & CEO. “We believe the UFS demonstrates a compelling Project, permitted with environmental and social license economic obligations included, that delivers a 15 year mine life with a substantial production profile and robust economics. The study also comes with a level of engineering that significantly de-risks the Project and provides a higher certainty to capital and contingency estimates when compared to most feasibility studies. Also, updated mineral resource and reserve estimates on the Project were announced earlier this year, demonstrating significant opportunity to extend mine life and maintain the production profile beyond the planned 15 years. Our next focus is to continue refreshing the debt process as we move towards Project financing and a production decision. We believe that this UFS presents an opportunity that is only the beginning of production on this highly prospective gold district.”