Mr. Bruce McLeod reports

SABINA GOLD & SILVER REPORTS ADDITIONAL LLAMA HIGH GRADE RESULTS

Sabina Gold & Silver Corp. has released results from an additional two drill holes, testing the Llama Extension target at its 100-per-cent-owned Back River gold project in Nunavut, Canada.

Two drill holes, 18GSE533 and 18GSE535, targeted the area of high-grade mineralization that is located down plunge of the current Llama resource, where previously reported intersections in drill hole 18GSE530 included 15.67 grams per tonne gold over 23.25 metres and 9.48 grams per tonne gold over 38.55 metres in drill hole 17GSE516B (interpreted to be the fold nose of the Llama synform) (see news releases dated April 6, 2018, and Sept. 5, 2017).

Drill hole 18GSE535 was completed approximately 60 metres up plunge of previously reported drill hole 18GSE530 and over 120 metres up plunge of drill hole 17GSE516B and intersected 28.95 grams per tonne gold over 5.65 metres within a greater-than-20-metre interval of strongly altered and mineralized host stratigraphy. Further high-grade intercepts hosted within this same interval are highlighted as 24.72 grams per tonne over 2.20 metres, 25 grams per tonne over 1.00 metre and 15.75 grams per tonne over 0.60 metre, demonstrating the tremendous potential for additional high-grade resource growth within the Llama trend (see attached table).

Drill hole 18GSE533, an overcut of drill hole 17GSE516B, intersected high-grade gold values that included 47.04 grams per tonne gold over 0.55 metre and 15.43 grams per tonne gold over 3.15 metres, including 34.48 grams per tonne gold over 1.25 metres, all within a total interval of greater than 22 metres of strongly altered silicate and oxide iron formation.

"These two drill holes have demonstrated a potential of over 120 metres of open-ended strike potential for this zone of high-grade mineralization," stated Bruce McLeod, president and chief executive officer. "High- grade zones like the Llama Extension and the Umwelt Vault have the potential to have a significant impact on project economics and mine life extension. We will continue to define the potential of this zone with continued stepout and sectional drilling, which we will resume in our upcoming summer drill program."

                   SIGNIFICANT DRILL INTERCEPTS FROM 
                   DRILL HOLES 18GSE535 AND 18GSE533
 
Hole ID              From         To     Length          Au    Au (capped     
                       (m)        (m)        (m)       (g/t)       at 100)
                                                                     (g/t)
18GSE535           Assays pending
                   675.40     676.40       1.00       25.00           n/a   
                   684.10     686.30       2.20       24.72           n/a   
                   691.55     692.15       0.60       15.75           n/a    
                   695.45     701.10       5.65       29.39         28.95   
including          695.45     698.35       2.90       48.37         47.51  
                   Assays pending  
18GSE533           576.90     577.45       0.55        1.06           n/a 
                   621.15     621.70       0.55       47.04           n/a  
                   655.35     655.85       0.50        2.25           n/a 
                   672.65     675.80       3.15       15.43           n/a  
including          674.55     675.80       1.25       34.48           n/a  
                   684.25     687.70       3.45        5.67           n/a 
including          684.25     685.20       0.95       17.00           n/a 
                   694.00     694.75       0.75        2.78           n/a  

Notes:
True widths of the intercepts reported are unknown at this time.
Capping for high-grade exploration assay(s) is consistent with 
the resource statistics employed for mineral resources related to 
the respective deposit areas at Back River.

Spring drilling progress

The first phase drilling of over 6,000 metres has been completed with on-site core processing to be finalized during the first week of May, 2018. Targeted drilling was completed at the Llama Extension, Umwelt Vault and Goose Main Trend targets and additional targets. Results are pending and will be released upon receipt. Phase 2 drilling is planned for after ice breakup and metreage will be based upon the allocation of financing to be determined in the coming weeks.

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. 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 & Silver is well financed and had approximately $94.5-million in cash and equivalents after closing a strategic equity investment in January, 2018. The company is an emerging precious metal company with district-scale, advanced, high-grade gold assets in one of the world's newest, politically stable mining jurisdictions -- Nunavut, Canada.

We seek Safe Harbor.