British Columbia - Fabled Silver Gold Corp. ('Fabled' or the 'Company') (TSXV: FCO; OTCQB: FBSGF, and FSE: 7NQ) announces the results of surface diamond drilling from the upgraded 14,400 -meter drill program on the 'Santa Maria' Property in Parral, Mexico.

Peter J. Hawley, CEO and President, remarks, 'Planned definition hole SM20-43 was designed to fill in a drill poor gap in the past resource area. Of interest to note is the lack of or decrease of gold values found in drilling to the east.

Definition Diamond Drill Hole SM20-43 was drilled at a dip or angle of -73 degrees for a total drilled length of 204 meters and designed to hit the targeted zone at -125 meters below surface.

From 75.00 - 88.50 meters a strong, well developed polymictic breccia was encountered over the entire 13.50 meters. The breccia was composed mostly of limestone clasts, poorly sorted with 20-25% disseminated sulphides with some replacement textures, sulphides contained within the clasts, (primary) as well as renealing the breccia, (secondary). The upper contact of the breccia returned 21.53 Ag Eq over 1.50 meters, at 78 meters the breccia returned 68.77 g/t Ag Eq over 1.50 meters followed by 1.50 meters of 37.14 g/t Ag Eq at 82.50 meters and on the lower contact 20.81 g/t Ag Eq over 1.50 meters at 87.00 meters.

Summary

Hole SM20-43 was successful in providing valuable information in this drill poor area. The 7 zones of interest, the breccias and related mineralization will now start to be modeled into our bigger picture of the controls of the types of mineralization on the property.

This not only includes the assay data but also structures intercepted, mineralized sheeted veins in dikes and related breccias will provide a comprehensive detailed view of this section and maybe applied to other parts of the property.

As previously reported definition drill hole SM20-42 which is located approximately 200 meters west of hole 43 being reported, hole 42 reports gold values with lesser silver values while here we see only silver values with little to no gold. In 200 meters something has changed to the system, perhaps going from a hydrothermal system to a epithermal system This will be further investigated.

About Fabled Silver Gold Corp.

Fabled is focused on acquiring, exploring and operating properties that yield near-term metal production. 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 an agreement with Golden Minerals Company (NYSE American and TSX: AUMN) to acquire the Santa Maria Property, a high-grade silver-gold property situated in the center of the Mexican epithermal silver-gold belt. The belt has been recognized as a significant metallogenic province, which has reportedly produced more silver than any other equivalent area in the world.

Contact:

Mr. Peter J. Hawley

Tel: (819) 316-0919

Email: peter@fabledfco.com

Certain statements contained in this news release constitute 'forward-looking information' as such term is used in applicable Canadian securities laws. Forward-looking information is based on plans, expectations and estimates of management at the date the information is provided and is subject to certain factors and assumptions, including, that the Company's financial condition and development plans do not change as a result of unforeseen events and that the Company obtains any required regulatory approvals.

Forward-looking information is subject to a variety of risks and uncertainties and other factors that could cause plans, estimates and actual results to vary materially from those projected in such forward-looking information. Some of the risks and other factors that could cause results to differ materially from those expressed in the forward-looking statements include, but are not limited to: impacts from the coronavirus or other epidemics, general economic conditions in Canada, the United States and globally; industry conditions, including fluctuations in commodity prices; governmental regulation of the mining industry, including environmental regulation; geological, technical and drilling problems; unanticipated operating events; competition for and/or inability to retain drilling rigs and other services; the availability of capital on acceptable terms; the need to obtain required approvals from regulatory authorities; stock market volatility; volatility in market prices for commodities; liabilities inherent in mining operations; changes in tax laws and incentive programs relating to the mining industry; as well as the other risks and uncertainties applicable to the Company as set forth in the Company's continuous disclosure filings filed under the Company's profile at www.sedar.com. The Company undertakes no obligation to update these forward-looking statements, other than as required by applicable law.

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