Mr. Roy Wilkes reports

SABINA GOLD & SILVER REPORTS CHANGE IN MANAGEMENT

Sabina Gold & Silver Corp. has made changes to the company's management team effective Feb. 15, 2015.

In late 2014, Robert Pease expressed to the board of directors of the company that he wished to retire in 2015. Mr. Pease joined the company in late 2011, and during his tenure has overseen the company's transition from a junior explorer into an emerging gold developer.

Given Mr. Pease's desire to step down, the board of directors formed a search committee in late 2014, culminating in the appointment of Bruce McLeod to the role of president and chief executive officer of Sabina effective Feb. 15, 2015.

"We are very fortunate to have Bruce to lead the Sabina team as we move toward our goal of becoming a gold producer," said Roy Wilkes, chairman of the board. "His technical, operating and capital markets experience will be invaluable for the company as we move forward, and the board of directors and management team give him our full support.

"We wish Rob all the best in his retirement, and express our appreciation for his dedication and commitment to the company over the last three years. We are excited about what the future holds for Sabina and Back River as we continue to build shareholder value."

Mr. McLeod is a mining engineer with over 30 years of experience in all areas of the mining industry. Most recently, he was the president and CEO of Mercator Minerals Ltd. Prior to that, he was the president, CEO and director of Creston Moly Corp., as well as a founder of both Sherwood Copper Corp. and Stornoway Diamond Corp. He also served on the board of directors of Palmerejo Silver and Gold Corp. (acquired by Coeur D'Alene Mines) and Ariane Gold (acquired by Cambior Inc.), and has been involved in numerous projects at various stages of development while with the Northair Group.

Mr. McLeod was the co-recipient of Amebc's EA Scholz award for excellence in mine development in 2009, and primarily focuses on project development, strategic planning and financing activities.

Once he assumes the role, Mr. McLeod will immerse himself in his mandate to continue to refine the company's strategy, with a view to growth and opportunity, particularly in light of existing market conditions.

Mr. McLeod states: "I believe that Back River is a world-class asset and by all accounts, our development team and consultants have been doing an excellent job in progressing the feasibility study and permitting efforts. Based on my due diligence of Back River, I am excited to be given the opportunity to become involved with a project that offers high-grade gold resources in an excellent geopolitical region, as well as the high potential for new discoveries to come. Not only has the project evolved significantly over the last year, recent changes to currency and energy prices offer opportunities to also positively impact the project economics. My role is to ensure we have an optimal project and path forward, and I am eager to work with the team."

We seek Safe Harbor.