Mr. Andrew Elin of Sabre Gold reports

SABRE GOLD ANNOUNCES UPDATE ON CLOSING OF THE TRANSACTION WITH MINERA ALAMOS

Sabre Gold Mines Corp. has provided an update to its press release of Jan. 14, 2025, concerning the anticipated closing of its previously announced plan of arrangement, pursuant to which Minera Alamos Inc. will acquire all the issued and outstanding shares of Sabre at an exchange rate of 0.693 common share in the capital of Minera Alamos for each common share in the capital of Sabre.

The plan of arrangement was expected to become effective on or about Jan. 27, 2025, subject to, among other things, Sabre obtaining a final order from the Ontario Superior Court of Justice (Commercial List) in respect of the arrangement and the satisfaction or waiver of certain other customary closing conditions. Sabre has obtained a final order from the Ontario Court of Justice (Commercial List) and closing is now expected to occur on or about Feb. 5, 2025. The one-week delay is a result of certain executed and notarized documentation concerning the release of security on title to be in hand and to allow the last condition precedent to be removed by Minera. It is expected that, within two to three business days following the completion of the arrangement, the Sabre shares will be delisted from the Toronto Stock Exchange.

Additional details about the arrangement and the arrangement resolution and the debt settlements and debt settlement resolution can be found in the management information circular of Sabre dated Dec. 3, 2024, a copy of which is available on SEDAR+ under Sabre's issuer profile.

About Sabre Gold Mines Corp.

Sabre Gold is a near-term gold producer in North America that holds 100-per-cent ownership of both the fully licensed and permitted Copperstone gold mine located in Arizona, United States. Management intends to restart production at Copperstone in the near term. Sabre Gold also holds other investments and projects at varying stages of development.

Copperstone has approximately 300,000 ounces of gold in the measured and indicated categories and approximately 197,000 ounces of gold in the inferred category. Additionally, Copperstone has considerable existing operational infrastructure as well as significant exploration upside. Sabre Gold is led by an experienced team of mining professionals with backgrounds in exploration, mine building and operations.

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