Ms. Linda Kish of Sun Valley Gold reports

SUN VALLEY GOLD LLC: CONTROL AND DIRECTION OVER COMMON SHARES OF SABINA GOLD & SILVER CORP.

Sun Valley Gold LLC, on Feb. 9, 2015, acquired control and direction over 3,714,700 common shares of Sabina Gold & Silver Corp. on behalf of client accounts over which Sun Valley has discretionary trading authority. The common shares, which are beneficially owned by the client accounts, were acquired over the facilities of the Toronto Stock Exchange for a purchase price of 41.5 cents per common share. Following completion of the acquisition, Sun Valley exercises control and direction over 22,895,336 common shares for and on behalf of client accounts, representing approximately 11.8 per cent of the issued and outstanding common shares.

The securities of Sabina were acquired for investment purposes. Sun Valley may increase or decrease its ownership of securities of Sabina depending upon future market conditions.