Mr. Bruce McLeod reports

SABINA DISCOVERS GOLD MINERALIZATION OUTSIDE OF BANDED IRON FORMATION AT BACK RIVER IN NUNAVUT, CANADA

Sabina Gold & Silver Corp. has released results from two exploration drill holes at its 100-per-cent-owned Back River gold project located in Nunavut, Canada.

During the recently finalized geotechnical drilling program, Sabina completed two shallow exploration drill holes at targets Hivogani and Nalaot. Results generated continue to demonstrate project-wide gold endowment and the potential for greenfield resource growth both within the project's conventional iron formation host and the broader sediment package that, to date, has seen little work.

The majority of the existing resources at Back River is hosted in conventional iron formation stratigraphy. It is noted, however, that other Canadian projects associated with banded iron formations often show significant resources within structurally controlled gold zones outside of or peripheral to the conventional iron formation hosted zones. Results at the Hivogani target confirm this potential exists at the Back River gold project.

The Hivogani target is located approximately 1,400 metres southwest of the Goose Main deposit and lies outside of the main iron formation, which is the host rock to the majority of Back River's current resources. One drill hole, totalling 140 m, tested part of an anomalous induced polarization study response, which measures approximately 500 by 200 m.

Drill hole 15GSE491 encountered a broad interval of gold values over greater than 100 m at the target, hosted in altered, quartz-veined and structurally deformed clastic sedimentary and felsic intrusive rock units. Significant gold values from the hole include 0.82 gram per tonne gold over 13.75 m, including 2.71 g/t over one m, 3.67 g/t over one m, 1.89 g/t over one m and 1.87 g/t over 0.75 m, as well as 1.2 g/t over 1.35 m, 1.29 g/t over one m and an additional 1.29 g/t over one m.

The second drill hole (15GSE490), totalling 240.5 m at Nalaot, was designed for follow-up within the main iron formation stratigraphy, approximately 250 m west of the Echo deposit and immediately east of drill hole 14GSE487, which returned 4.52 g/t gold over five m (previously released in 2014). Results, including a section with visible gold that returned values of 3.61 g/t over two m, have highlighted the continued potential for shallow resource growth along this geologically favourable and largely undrilled horizon.

Sabina chief executive officer Bruce McLeod commented: "Sabina is highly encouraged by the new drill intercepts, and by the position and nature of the gold occurrence at the Havogani target. Both of the newly tested gold zones are considered open along strike and at depth, with considerable opportunities for future exploration. These targets are also within the seven-kilometre-long Goose corridor that hosts the majority of the Back River resources and is the area contemplated for initial mine development. The company continues to pursue shallow gold resource opportunities that are amenable to open-pit mining methods, while assessing the project-wide gold endowment that we believe will contribute to successful resource and mine life growth. Within the 80 km long district that Sabina controls at Back River, we have identified over 50 quality exploration targets that are worthy of follow-up, which we are evaluating and prioritizing for future campaigns."

Summer field program for 2015

A limited summer program is planned for August, 2015. Exploration is focused on follow-up of 2014 exploration drilling and geophysical survey results that identified a number of shallow targets both within the iron formation and clastic sedimentary rocks.

Recently completed field mapping and sampling have targeted induced polarization anomalies outside of the iron formation, and established a correlation between IP chargeability and mineralization in outcrop. Summer fieldwork will consist of detailed structural mapping and relogging of historic core, with possible additional geophysical surveys and, if warranted, a short drilling program.

            BACK RIVER DRILL RESULTS 

Hole        Depth   From     To Length    Au
               (m)    (m)    (m)    (m) (g/t)

15GSE490   240.50 232.60 234.60   2.00  3.61
15GSE491   140.00   9.10  10.45   1.35  1.20
                   75.00  76.00   1.00  1.29
                   94.00  95.00   1.00  1.29
                  106.00 119.75  13.75  0.82
including         106.00 107.00   1.00  2.71
                  111.00 112.00   1.00  3.67
                  115.00 116.00   1.00  1.89
                  119.00 119.75   0.75  1.87

Quality assurance/qualified person

The qualified person, as defined by National Instrument 43-101 as pertains to the Back River project, is James Maxwell, PGeo, exploration manager -- Back River, 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 2015 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.

We seek Safe Harbor.