Mr. Peter Hawley reports

FABLED SILVER GOLD CORP RECEIVES CONDITIONAL ACCEPTANCE FOR THE PROPOSED ACQUISITION OF MECATONA PROPERTY

Fabled Silver Gold Corp. has provided an update on its previously announced agreement with Kootenay Silver Inc. to acquire the Mecatona property located in Chihuahua, Mexico, as announced and further described in the company's press release dated Feb. 21, 2023.

The Company has now received the conditional acceptance of the TSX Venture Exchange (the "Exchange") to the Proposed Transaction. The Company is working towards completing final documentation including entering into a definitive agreement with Kootenay.

The Company will provide a further update on the closing of the Proposed Transaction in due course.

Closing of the Proposed Transaction is subject to the completion of final documents, final approval of the Exchange, and the completion of the Company's private placement which was previously announced in its press release dated May 18, 2023.

About Fabled Silver Gold Corp.

Fabled is focused on acquiring and exploring properties in Mexico. The Company has an experienced management team with multiple years of involvement in mining and exploration in Mexico. The Company's mandate is to focus on acquiring precious metal properties in Mexico with blue-sky exploration potential.

The Company has entered into a binding letter of intent with Kootenay Silver Inc. and is seeking to acquire the Mecatona Property located in the Parral Silver Mining District.

We seek Safe Harbor.