Mr. Rob Pease reports

SABINA GOLD & SILVER ANNOUNCES FIRST RESULTS FROM 2013 BACK RIVER DRILLING

Sabina Gold & Silver Corp. has released initial drilling results from its 2013 exploration program on its 100-per-cent-owned Back River project in Nunavut and adopted an advance-notice policy.

"Drilling is going very well at our Back River gold project, and we are off to a good start with some impressive results at Llama and George," said Rob Pease, president and chief executive officer. "To facilitate our commitment to aggressively advance the development of Back River, our 2013 program is focused on work to complete the ongoing prefeasibility study (PFS) and to support a potential subsequent feasibility study (FS), and completion and filing of a draft environmental impact statement (EIS) by year-end. We believe in the long-term outlook of our assets and our sector, and will keep working to create shareholder value despite a challenging market sentiment. The board of directors has also adopted an advance-notice polity to ensure that all shareholders are provided with adequate notice of board nominees. We look forward to providing further updates throughout the year."

Back River

After an early seasonal start-up in mid-February, drilling at Back River is proceeding as planned with five drill rigs running at the Goose project area and three at George.

In the Goose project area, drilling at Llama is currently focused on converting resources to the measured and indicated category in the proposed pit. Drilling at Llama is progressing well and continues to demonstrate confidence in supporting strong zones of shallow high-grade gold mineralization amenable to open-pit extraction.

A total of 30 out of 33 holes are now complete with the intention of converting a significant portion of the mineralization to the measured category. Highlights supporting this process includes holes 13GSE263 returning 19.65 grams per tonne over 5.13 metres, 13GSE269 returning 1,572 g/t over 0.90 m and 8.29 g/t over 24.40 m, and hole 13GSE271 returning 9.66 g/t over 25.00 m.

Two priority exploration targets at the Goose project area include: Boomerang, a shallower target located southwest of the Goose Main deposit where indications of favourable structure and alteration indicate potential for mineralization, and the Wing zone, located close to the Llama deposit, where drilling from 2012 intersected encouraging gold values from a number of drill holes including drill hole 12GSE226, which returned 12.68 g/t over 15.45 m. Drilling on the Wing zone is under way, and Boomerang target drilling will commence once infill drilling is complete.

George Extension drilling success

At the George project area, seven drill holes have been completed. Drilling is planned to focus on exploration of new mineral zones, extensions to existing mineralized zones and completion of a geo-mechanical drill program at the Locale 1, 2 and LCP deposit areas.

Drilling at George is currently focused on better defining mineralized extensions at the Locale 2 deposit and is testing high-potential extension gold targets close to the existing resources. Initial success in extensional drilling is now confirmed with the return of positive gold results at both the Locale 2 Gap and the Locale 2 Hinge targets. Highlights from this portion of the program include the first hole at the Locale 2 Hinge target, 13GRL095, returning 7.43 g/t over 9.00 m and an additional 9.35 g/t over 7.75 m farther downhole. Success at the Locale 2 Gap target includes holes 13GRL097 returning 5.53 g/t over 5.10 m and 13GRL098 returning 9.00 g/t over 3.80 m. Drilling continues with three diamond drill rigs at the George property on priority targets with further preparations being made for a near-term transition to brownfields exploration target follow-up from significant successes in 2012.

Exploration drilling later in the year is planned at the Fold Forest target area where previous drilling results, for example 2.29 g/t over 13.0 m in hole 12GRL047 and 5.92 g/t over 5.0 m in hole 12GRL046, indicate the potential in the target area for expanding open-pit mineralization over a broader area.

Prefeasibility update

To further support the development of the Back River project, significant engineering and environmental studies are under way.

• Continuing metallurgical, geo-technical and geo-mechanical investigations are under way to provide higher confidence in the deposits and to better define mine sequencing.
• Prefeasibility open-pit and underground mine designs have been completed, and are being reviewed and incorporated into an initial mining schedule; focus of the mining schedule is on open-pit mine development and stockpile management.
• Process plant flow sheets, layouts and preliminary design criteria are complete; equipment specifications and engineering for the process plant, and other site infrastructure (including tailings storage facility, truck shop, administration building and camp) are under way.
• Trade-off studies on alternative lay-down/port areas are under way and substantially completed.
• Extensive environmental baseline monitoring and data collection, which started in 2010, are in progress and expected to satisfy all requirements for the draft EIS. This information will enable the company to form a framework for an environmental management system to minimize the project's impacts on employee health and safety, water and air quality, waste management, and reclamation.

A number of camp improvement projects are also currently under way on site. A quarry has been established and a mobile crushing plant commissioned in close proximity to the Goose camp to provide crushed rock/gravel for the construction of an all-weather airstrip at Goose camp. Crushed rock/gravel will also be used to facilitate longer-term fuel storage and additional improvements to camp safety.

Community engagement will also continue with plans for multiple visits to all involved communities in 2013. Sabina has launched a Back River project website to support its goal of working closely with the Kitikmeot residents, communities and stakeholders.

Advance-notice policy

Sabina is committed to: (i) facilitating an orderly and efficient annual general or, where the need arises, special meeting, process; (ii) ensuring that all shareholders receive adequate notice of the director nominations and sufficient information with respect to all nominees; and (iii) allowing shareholders to register an informed vote having been afforded reasonable time for appropriate deliberation. To this end, the board of directors has adopted the advance-notice policy.

The purpose of this policy is to provide shareholders, directors and management of the corporation with a clear framework for nominating directors. This policy fixes a deadline by which holders of record of common shares of the corporation must submit director nominations to the corporation prior to any annual or special meeting of shareholders and sets forth the information that a shareholder must include in the notice to the corporation for the notice to be in proper written form in order for any director nominee to be eligible for election at any annual or special meeting of shareholders. No person will be eligible to be elected as a director unless nominated in accordance with the policy.

The company believes that this policy is in the best interests of the company, its shareholders and other stakeholders. This policy will be subject to an annual review and will reflect changes as required by securities regulatory agencies or stock exchanges, or so as to meet industry standards. The company will be seeking shareholder ratification for this policy at the next annual general meeting of shareholders to be held at the Metropolitan Hotel in Vancouver on June 13, 2013.

The full policy can be found on the company's website and on SEDAR.

Qualified persons

The qualified person as defined by National Instrument 43-101 as pertains to the Back River project, is Angus Campbell, PGeo, vice-president, exploration, for the company.

True widths for the intercepts reported in this news release have not yet been determined.

Diamond drill core was sent to TSL Laboratories in Saskatoon, Sask. Quality control is monitored on a continual basis, and utilizes a system of standards, blanks and duplicates to ensure analytical accuracy. The protocols and procedures used in 2013 are the same as those used in earlier campaigns by Sabina Gold & Silver and have been deemed appropriate in the company's NI 43-101-compliant resource reports.

                 LLAMA INFILL ASSAYS

             From    To  Length      Au    Zone
Hole ID        (m)   (m)    (m)    (g/t)   name

13GSE263    19.00  20.00  1.00     4.08  Undefined
            43.00  48.13  5.13    19.65  Main East
including   47.00  47.50  0.50   120.70  Main East
            54.00  56.00  2.00     1.24  Main East
            58.25  59.10  0.85     4.29  Main East
13GSE266    40.50  44.64  4.14     5.41  Undefined
including   43.12  43.62  0.50    37.41  Undefined
            75.00  78.00  3.00     1.58  Main East
13GSE267    81.00  83.00  2.00     3.16  Main East
            92.50  94.40  1.90     1.57  Main East
            97.43 108.00 10.57     1.53  Main East
13GSE269    69.00  69.50  0.50    12.28  Undefined
            87.10  88.00  0.90 1,572.00  Undefined
            89.00  90.00  1.00     1.47  Undefined
            93.30 117.70 24.40     8.29  East Limb
including   94.00 102.30  8.30    19.01  East Limb
and        116.80 117.70  0.92    18.72  East Limb
13GSE271   117.65 118.30  0.65     4.05  East Limb
           122.00 147.00 25.00     9.66  East Limb
including  122.00 125.00  3.00    16.13  East Limb
and        129.00 137.00  8.00    20.55  East Limb

          GEORGE ASSAYS -- LOCALE 2

            From    To  Length    Au    Zone
Hole ID       (m)   (m)   (m)   (g/t)   name

13GRL093   12.50  13.50  1.00   15.09  L2 Gap
           26.30  28.50  2.20    4.14  L2 Gap
           41.05  41.55  0.50    5.16  L2 Gap
           80.50  81.00  0.50    1.25  L2 Gap
           85.75  88.55  2.80    1.42  L2 Gap
           95.60  96.40  0.80    1.47  L2 Gap
          127.40 128.30  0.90    1.75  L2 Gap
13GRL094   19.80  20.80  1.00    3.21  L2 Gap
           30.10  31.10  1.00    2.38  L2 Gap
           42.25  43.30  1.85    1.48  L2 Gap
           98.50  99.50  1.00    6.19  L2 Gap
13GRL095  511.80 520.80  9.00    7.43  L2 Hinge
          584.65 592.40  7.75    9.35  L2 Hinge
          614.50 622.05  7.55    3.07  L2 Hinge
          635.95 639.05  3.10    5.91  L2 Hinge
including 635.95 636.55  0.60   23.22  L2 Hinge
          640.55 641.55  1.00    1.06  L2 Hinge
          645.40 648.00  2.60    1.22  L2 Hinge
13GRL096  126.20 132.70  6.50    1.50  L2 Gap
          126.20 126.75  0.55    6.17  L2 Gap
          159.00 160.00  1.00    9.24  L2 Gap
          162.00 163.00  1.00    1.32  L2 Gap
          172.00 173.00  1.00    4.73  L2 Gap
          177.00 178.00  1.00    1.13  L2 Gap
          180.00 181.00  1.00    1.35  L2 Gap
          183.00 184.00  1.00    1.30  L2 Gap
          188.00 189.00  1.00    3.53  L2 Gap
          196.00 197.00  1.00    1.59  L2 Gap
13GRL097   53.40  56.70  3.30    2.10  L2 Gap
           73.60  74.60  1.00    2.90  L2 Gap
           84.30  85.30  1.00    1.13  L2 Gap
          124.70 125.70  1.00    1.06  L2 Gap
          128.70 133.80  5.10    5.53  L2 Gap
including 130.70 132.00  1.30   18.43  L2 Gap
          142.00 143.00  1.00    2.04  L2 Gap
          162.30 164.00  1.70    1.50  L2 Gap
13GRL098   89.00  90.00  1.00    2.28  L2 Gap
          140.00 144.80  4.80    9.00  L2 Gap
          176.00 177.00  1.00    5.37  L2 Gap

We seek Safe Harbor.