Mr. Bruce McLeod reports

SABINA GOLD & SILVER ANNOUNCES PRIVATE PLACEMENT FINANCING TO RAISE UP TO APPROXIMATELY $2.2 MILLION

Sabina Gold & Silver Corp. intends to complete a non-brokered private placement pursuant to which it will sell up to approximately 2.9 million flow-through common shares at a price of 77 cents to raise gross proceeds of up to $2.2-million. The proceeds from the sale of the flow-through common shares will be used to explore and advance the company's Back River gold project.

"This flow-through financing enables us to continue to define exploration targets on the Back River district and follow up on the targets we have developed this year, particularly at the newly announced Kogoyok discovery," said Bruce McLeod, president and chief executive officer. "This financing offers a significant premium and minimal dilution while preserving the hard dollars in our treasury to continue progressing Back River through permitting."

The financing is scheduled to close on or about Nov. 25, 2015, and is subject to certain conditions including, but not limited to, the receipt of all necessary approvals, including the approval of the Toronto Stock Exchange. The total gross proceeds from the financing must be used to incur Canadian exploration expenditures as defined by the Income Tax Act (Canada) by Dec. 31, 2016.

We seek Safe Harbor.