Preliminary Economic Assessment Completed For The Copperstone Mine

VANCOUVER - Sabre Gold Mines Corp. has completed a Preliminary Economic Assessment (PEA) on the Copperstone Mine in Arizona. The study has resulted in robust post-tax economics which, due to pre-existing infrastructure on surface and underground, result in both low initial capital and an overall low capital intensity ratio on a per ounce basis. The project benefits from its significant tax assets and recently reduced royalty encumbrance while also having potential for resource expansion and further exploration success.

The Preliminary Economic Assessment supports a high-grade gold underground mining operation at Copperstone producing an average of 40,765 payable oz gold per year for just over a 5-and-a-half-year mine life. Sabre Gold's management worked with Hard Rock Consulting, LLC (HRC) to complete the PEA, which included comprehensive reviews of the construction, operations and costs, to provide confidence for potential project commencement and completion within budget and schedule. Trade off studies will continue on initial capital items and initial earthworks will commence as soon as the Company moves towards a formal construction decision. The Company will also continue to have discussions with potential providers of initial construction capital.