Mr. Peter Hawley reports

FABLED SILVER GOLD CORP PROVIDES UPDATE ON PROPOSED ACQUISITION OF MECATONA PROPERTY AND ANNOUNCES EXTENSION TO ANNUAL GENERAL MEETING

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 is still attempting to secure the financing required in order to complete the proposed transaction. 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 receipt of funds required to close the proposed transaction.

Extension of 2023 annual general meeting

The company announces that it was granted a six-month extension by the British Columbia Registrar of Companies and the exchange to the period in which it would be required to hold its annual general meeting (AGM) for the year 2023. The company must now hold the AGM by June 30, 2024. The company's management determined that postponing the AGM was in the best interest of its shareholders considering its current financing position and the continuing proposed transaction.

The company has not yet set an AGM date but will inform its shareholders by a further press release when a date is set.

About Fabled Silver Gold Corp.

Fabled Silver 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 and is seeking to acquire the Mecatona property located in the Parral silver mining district.

We seek Safe Harbor.