Mr. Bruce McLeod reports

SABINA GOLD & SILVER REPORTS 2018 DRILLING HAS COMMENCED FOR THE SUMMER PROGRAM AT THE BACK RIVER GOLD PROJECT

Sabina Gold & Silver Corp. has opened the Goose camp and crews have been mobilized for the summer drilling program at the Goose property on its 100-per-cent-owned Back River gold project in Nunavut, Canada.

Drilling has commenced, with two holes now coring and a third hole commencing soon on a 10,000-metre second phase summer drill program (following a successful 6,000-metre spring program earlier this year). A key focus of the summer drilling program will be to follow up on previous success at the Umwelt vault and the Llama extension targets, as well as further testing of the Goose Main extension target (Nuvuyak). The drilling program is complemented with a series of dedicated field exploration programs that will consist of regional and detailed geologic mapping, geochemistry and geophysics.

"Our strategy to discover and expand zones of high-grade mineralization at our Llama and Umwelt underground resource areas continues to add value and highlight the blue sky potential at Back River. We have demonstrated that the gold structures at the Goose property have significant strike lengths, with potential for considerable extension, and we have also demonstrated that high-grade zones within these gold structures are not uncommon," stated Bruce McLeod, president and chief executive officer. "Additionally, every hole we drill provides us with significant information to better understand how to vector in to these targets. All our existing deposits at Goose are open and numerous exploration targets have been identified on the six-kilometre trend of this 80-kilometre district. We look forward to the continued delineation of these zones and to the potential discovery of new, high-value zones at targets such as Nuvuyak and Echo-Kogoyak."

Summer drilling program

Vault zone -- Umwelt

Umwelt drilling in 2018 continues to test the high-grade potential at Vault to better define the size, continuity and grade of this prospective zone. During the spring, two drill holes (18GSE532 and 18GSE534) were completed in an up-plunge position from the Vault zone, aimed at better understanding potential for continuity between the Vault zone (within the lower portions of the Umwelt resource) and the previously discovered G2 zone (approximately 200 metres above). These two holes (reported in a news release dated June 5, 2018) were successful in demonstrating increased continuity north of the Vault zone.

Two holes are planned for Vault during the summer campaign to continue to further define additional resource potential by targeting high-grade extension opportunities at the Umwelt deposit.

Llama extension zone

Building on last year's results, spring drilling at the Llama extension zone continued to outline a significant high-grade gold endowment within a rapidly growing and important target area. Significant step-out drilling in 2017 confirmed the existence of high-grade Llama mineralization approximately 540 metres down plunge from the existing Llama underground resource. Spring drilling tested the previously undrilled gap between the stepout and the bottom of the resource, with success in supporting additional up-plunge continuity (reported in a news release dated June 5, 2018). This high-grade Llama extension zone remains open in all directions and is now demonstrated at over 120 metres in length.

Drilling in the summer program will focus on expanding the known extents of the current mineralization up and down plunge, as well as in the up-dip and down-dip directions. Sabina is completing summer drilling work at the target in an effort to evolve the potential for a new, high-grade critical mass at Back River, which may add nearer-term project value.

Goose Main trend (Nuvuyak target)

Two drill holes were completed earlier this year at the Nuvuyak target located approximately 700 metres down plunge to the west of the Goose Main deposit, modelled as a potential large-scale extension to the current structure associated with the Goose Main deposit. These down plunge drill holes encountered the key Back River discovery indicators, including thick sequences of host unit iron formation, multiple felsic intrusive units and significant gold mineralization. Drilling of these initial vectoring holes was highly successful and represents an integral step in forwarding Sabina's exploration approach for the target. Additional drilling will continue to test this two-kilometre mineralization trend that remains open both along strike and down plunge. This target represents an excellent opportunity for continued discovery and growth similar to recent successes at the Umwelt and Llama deposits.

Echo-Kogoyok trend and Echo deposit expansion

Vectoring and advancement of the Echo-Kogoyok trend will continue with additional drilling completed on a priority basis. Drilling will target both potential extension at depth to the Echo deposit and laterally toward (and along) the Kogoyok zone. This target remains a highly underexplored portion of the Goose property stratigraphy and is recognized as having many exploration elements analogous to local gold resource settings.

Qualified person

The qualified person, as defined by National Instrument 43-101 (as pertains to the Back River project), is Angus Campbell, PGeo, vice-president of exploration.

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.