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Sabina Gold & Silver Corp
Symbol C : SBB
Shares Issued 173,421,818
Close 2012-12-18 C$ 2.32
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Sabina gains AANDC OK for Back River public review

2012-12-19 13:47 ET - News Release

Mr. Rob Pease reports

SABINA REPORTS IMPORTANT PERMITTING MILESTONE AT BACK RIVER

John Duncan, Minister of Aboriginal Affairs and Northern Development Canada (AANDC), has concurred with the Nunavut impact review board's (NIRB) screening decision dated Sept. 25, 2012, recommending that Sabina Gold & Silver Corp.'s Back River project in Nunavut, Canada, move forward to a Part 5 regional public review.

As reported previously, Sabina filed a Type A water licence application with the Nunavut water board (NWB) for the Back River project in June of this year. The application and its accompanying preliminary project description was the first formal step in the permitting process for the project. The water licence application triggered a screening of the project by the NIRB, which, after receiving comments from various participating agencies and organizations, recommended to the minister that the project move ahead to a public review under Article 12 of the Nunavut Land Claims Act. In a letter to the NIRB received this week, the minister agreed and has referred the project to a Part 5 public review under the article.

"We are very pleased with the minister's timely decision in this matter. The Back River project has the potential to become a major contributor to the Nunavut economy. A Part 5 review was anticipated and is typical of projects the size and scope of Back River and was anticipated and we are pleased to move forward under this type of review," said Rob Pease, president and chief executive officer. "As we continue to move toward completion of a prefeasibility study, we are aggressively evaluating opportunities to optimize the project, while minimizing our potential environmental and social impact. We look forward to working with the various agencies and communities in Nunavut as the project proceeds through the review."

The NIRB will now work with all relevant agencies and organizations to develop project specific guidelines which will be used to prepare the environmental impact statement (EIS) on the Back River project. The company expects the guidelines to encompass various typical environmental and social components including cumulative and transboundary effects of the project.

We seek Safe Harbor.

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