Mr. Bruce McLeod reports

SABINA GOLD & SILVER INTERCEPTS LLAMA MINERALIZATION 300 METERS DOWN PLUNGE OF CURRENT RESOURCE

Sabina Gold & Silver Corp. has released final results from the spring exploration diamond drilling program at its 100-per-cent-owned Back River gold project in Nunavut, Canada.

Approximately 2,700 metres of drilling in five drill holes were completed during this first phase of exploration. Two of these drill holes were completed at the Llama extension target with encouraging results. Drill hole 17GSE513 stepped out approximately 300 m down plunge of the existing resource structure at Llama and was successful in intersecting over 48 m of altered and mineralized iron formation that includes 6.52 grams per tonne gold over 8.3 metres from 618.90 m to 627.20 m. The Llama mineralized zone has been intersected to approximately 550 m vertical depth and remains open.

Bruce McLeod, president and chief executive officer, stated: "We are very excited about the results from the Llama extension drilling as they continue to demonstrate the considerable quality and the upside potential for growth of our existing deposits. At the Umwelt vault zone, announced in May, we believe we have the potential to grow a high-grade portion of the deposit with grades that are two to three times our resource average. At Llama we have demonstrated that the mineralized structure continues well below the current resource limits. Both Llama and Umwelt are analogous to other iron formation deposits around the world, including Goldcorp's Musselwhite complex where mining continues along structures that are well in excess of 1,000 m and are still open. We are excited to have achieved our objectives at both Llama and Umwelt for our spring campaign. I look forward to our second phase of drilling on these targets scheduled for this summer and the continued demonstration of the significant upside resource growth potential at the Back River district."

Llama extension target

The Llama deposit hosts 3,557,000 tonnes of 6.50 g/t Au for 743,000 ounces of measured and indicated resources, as well as 295,000 tonnes of 6.77 g/t Au for 64,000 ounces of inferred resources. An open-pit development for a portion of this resource is included in the current feasibility study; however, there is significant upside for inclusion of an underground development in future studies.

Drill holes 17GSE512 and 17GSE513 were designed for testing the down plunge extension of the Llama mineralized structure approximately 300 metres down plunge from the current resource limits at a vertical depth of approximately 550 m. The first drill hole 17GSE512 was designed as a positioning hole on the structure and was successful in intersecting both the east and west limbs of the Llama syncline and a significant portion of upper iron formation stratigraphy. Significant assays returned from this drilling included 6.30 g/t Au over 2.65 m in west limb lower iron formation. The second hole 17GSE513, designed as a 60 m undercut on the same cross-section successfully targeted a significant portion of lower iron formation stratigraphy (host to a majority of the Back River resources). Over 100 metres of lower iron formation were intersected in this drill hole, with numerous mineralized sections containing pyrrhotite, arsenopyrite and visible gold. Assays returning gold values that include 6.52 g/t Au over 8.30 m from 618.90 m to 627.20 m are shown in the associated table. Present within the large iron formation were two felsic dikes, lithologies which are typically associated with gold mineralization in the Goose area deposits. In addition, a previously unknown near-surface, low-grade zone of iron formation with alteration, mineralization and quartz veins in clastic sediments was intersected from 69 m to 109.85 m.

Further drilling on the Llama extension zone is being assessed for a summer program commencing in August.

            TABLE OF SIGNIFICANT DRILL INTERSECTIONS 
                    FROM SPRING 2017 DRILLING
  
Hole          Depth        From       To       Length         Au 
ID              (m)         (m)      (m)          (m)      (g/t)

17GSE511        176
17GSE511B       806      728.00   729.00         1.00       3.01
                         734.00   747.50        13.50      16.86
Inc.                     736.75   744.70         7.95      27.11
                         751.60   752.80         1.20       2.07
                         755.50   756.55         1.05      12.30
17GSE512        638      457.30   458.30         1.00       1.25
                         556.40   557.00         0.60       6.90
                         584.60   587.10         2.50       1.40
                         599.00   608.00         9.00       2.96
Inc.                     603.55   606.20         2.65       6.30
17GSE513        719       98.75   101.00         2.25       1.84
                         104.25   105.05         0.80       1.56
                         107.00   107.75         0.75       1.34
                         577.55   584.25         6.70       1.11
                         589.50   590.55         1.05       2.06
                         602.90   604.00         1.10       2.99
                         606.30   612.50         6.20       2.05
                         615.20   617.25         2.05       1.35
                         618.90   627.20         8.30       6.52
                         633.80   635.25         1.45       5.27
                         640.60   645.20         4.60       1.45
                         649.60   651.55         1.95       1.20
17GSE514          8
17GSE514B       161
17GSE515        227

True widths have not been determined, with the exception of 
hole 17GSE511B where true widths are estimated at greater than 
90 per cent of drill the interval.

In additional drilling, one drill hole 17GSE515 to a depth of 227 m targeted the eastern end of the GNS\Convergence trend and intersected a short interval of iron formation with weak mineralization and alteration with no significant gold values. Drilling to a depth of 161 m, in one hole 17GSE514B was completed 80 m to the southeast of Llama extension hole 17GSE513 with the purpose of further exploring a mineralized zone intersected near the top of the hole. No appreciable gold values were encountered in this drill hole. A geophysical survey was completed near the zone, and was extended to cover this target in the spring. Surface mapping is planned for this summer.

Umwelt vault zone

As previously announced on May 23, 2017, drilling was completed at the Umwelt vault zone targeting a particularly high-grade zone that could offer opportunities to positively impact project economics. Drill hole 17GSE511B returned an intersection of 16.86 g/t Au over 13.5 metres. Additional assays from this hole are presented in the associated table. Further follow-up drilling at this target will be conducted during phase 2 of the program later this summer.

Qualified persons

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

About Sabina Gold & Silver Corp.

Sabina Gold & Silver 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 approximately 200,000 ounces a year for approximately 11 years with a rapid payback of 2.9 years. At a $1,150 (U.S.) gold price and an exchange rate of 0.8, the study delivers a potential aftertax internal rate of return of approximately 24.2 per cent with an initial capex of $415-million.

In addition to Back River, Sabina also owns a significant silver royalty on Glencore's Hackett River project, comprising 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.