Mr. Bruce McLeod reports

SABINA GOLD & SILVER REPORTS SPRING DRILLING CAMPAIGN HAS COMMENCED

Crews have been mobilized and drilling has commenced at the Goose camp on Sabina Gold & Silver Corp.'s 100-per-cent-owned Back River gold project in Nunavut, Canada.

Approximately 7,000 metres of drilling have been planned for 2017 in two drill programs, with the first 3,000 metres to be completed this spring, and the balance in a summer drill campaign to commence in August.

Priority drill targets have been selected based on their potential to enhance project economics by adding or demonstrating potential additional mine life in the footprint of the proposed Goose project. These targets include the high-grade Vault zone at Umwelt underground, significant stepout along potential Llama underground, stepout drilling at Echo, and follow-up drilling of the GNS and Kogoyok targets.

"We have over 50 significant exploration targets identified within our 100-per-cent-controlled 80 kilometres of prospective iron formation stratigraphy," said Bruce McLeod, president and chief executive officer. "We believe that there are new discoveries to be made at Back River and this will be a multigenerational project. At this time, however, we are focused on adding near-term value by potentially extending life at our proposed Goose mine. We are also very fortunate to have a veteran crew skilled at operating our programs and drilling at these deposits."

Spring drilling program

This first phase of drilling will focus on the Umwelt Vault zone, the Llama extension and GNS/Convergence targets as described below.

Vault zone -- Umwelt

Initial drill testing will commence with one hole to target the Vault zone at approximately 650 m vertical depth where an interpreted high-grade zone at the lower limits of the current Umwelt reserves remains partially unconstrained and merits follow-up. This interpreted high-grade zone is partly characterized by historic drill hole 12GSE217, which returned 49.24 grams per tonne gold over 17.0 metres, drill hole 11GSE106 which returned 10.91 g/t Au over 29.85 metres and drill hole 11GSE075 which returned 13.43 g/t Au over 24.40 metres. Planned drill testing will target the potential for extension of this zone.

Llama extension

Two drill holes totalling approximately 1,400 metres have been planned to test the down-plunge extension potential of the Llama mineral system to a vertical depth of approximately 600 metres. Llama underground currently has indicated resources of 211,000 ounces grading 8.72 g/t Au (which are not included in the current mineral reserves). These two holes are planned to test down plunge 300 metres from the current gold resources and 200 metres from drill hole 12GSE239 which intersected 6.90 g/t Au over eight metres. Success from drilling within the area would demonstrate potential significant resource growth beyond the existing Llama reserves and resources.

GNS/Convergence

Two holes are planned at this target which is located approximately two kilometres to the west of the Goose deposit. The GNS target has been interpreted as a potential Echo deposit analogue: moderate size, relatively shallow gold mineralization and favourable mining geometry. Drilling has been planned at the GNS target to assess the extent of the highest-grade portion of the zone, down plunge from the best 2011 intercepts. Success in this program could allow consideration of resource development at GNS.

Geophysics

During the spring exploration program Sabina will additionally focus on the expansion of ground electromagnetic (EM) surveys at Back River. A total of approximately 250 line kilometres of snowmobile-towable EM will be conducted on high-priority areas of the Goose and Boulder property stratigraphy. Survey results once completed will be evaluated within Sabina's mutlilayered data sets for prioritizing further large-scale near-surface targets with an intention for future drilling.

Permitting

As announced on Feb. 16, 2017, the company has submitted its final environmental impact statement addendum to the Nunavut Impact Review Board (NIRB) as part of the NIRB's reconsideration of the project. The project is now in the technical review phase with NIRB recently confirming final public hearings May 31 to June 3, 2017, in Cambridge Bay. NIRB will issue a new recommendation to the Minister of Indigenous and Northern Affairs Canada in July, 2017.

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.

All drill core samples selected within the exploration program are subject to a company standard of internal quality control and quality assurance programs which include the insertion of certified reference materials, blank materials and duplicates analysis. All samples are sent to SGS Canada Inc. located in Burnaby, B.C., where they are processed for gold analysis by 50-gram fire assay with finish by a combination of atomic absorption and gravimetric methods. Additionally, analysis by screen metallic processes is performed on select samples. SGS quality systems conform to requirements of ISO/IEC Standard 17025 guidelines and meets assay requirements outlined for NI 43-101.

About Sabina Gold & Silver Corp.

Sabina Gold is a well-financed, emerging precious metals company with district-scale, world-class undeveloped assets in one of the world's newest, politically stable mining jurisdictions: Nunavut, Canada.

In September, 2015, Sabina released a feasibility study on its 100-per-cent-owned Back River gold project which presents a project that has been designed on a fit-for-purpose basis, with the potential to produce about 200,000 ounces a year for about 11 years with a rapid payback of 2.9 years.

In addition to Back River, Sabina also owns a significant silver royalty on Glencore's Hackett River project. The silver royalty on Hackett River's silver production comprises 22.5 per cent of the first 190 million ounces produced and 12.5 per cent of all silver produced thereafter.

We seek Safe Harbor.