Sabina Gold & Silver Corp. provided an update on advancements of the Goose Mine development at the Company's 100% owned Back River Gold District in Nunavut, Canada. The Goose Mine is the Company's first mine on the 80 km long Back River Gold District, a multi-generational mining district already with a high-grade world class gold endowment.

Over the past few years, Sabina has been steadily advancing logistics, civil works, engineering and procurement. All pre-development activities are now completed and are ready for full construction to commence in 2023. All major equipment and materials required for construction have been either procured, marshalled at east and west transportation hubs, have been delivered or are in transit to the Port Facility in Bathurst Inlet, Nunavut.

In addition, the underground ramp has been progressed to first ore access sublevel and will be sufficiently completed to enable underground drilling of the V2 zone in the 4(th) quarter of this year. With financing in hand and these significant activities completed, the Board of Directors of the Company has made a formal construction decision for the Goose Mine. The Company continues to monitor, with a strategy of pre-planning and accelerating procurement efforts to reduce exposure to inflationary impacts.

Efforts now focus on securing the remaining 25% of materials required. Advancement Highlights and Schedule Engineering -- FLSdth h ("FLS") has been selected to supply the key process equipment for the GoosMine. The equiuipment package is valued at approximately USD 39 million and has been fabricated or is in the production queue for delivery on or before the 2023 sealift to ensure installation prior to the mine start-up date, scheduled for first quarter, 2025.

-- The design for the Echo open pit, which is to be pre-mined to enable initial tailings storage was completed and pre-stripping is now underway. The early mining of the Echo and Umwelt pits, will ensure approximately two years' worth of stock-piled feed for the mill, will be available prior to commencement of operations; and -- Detailed engineering is approaching 85% completion for the overall project and approximately 95% for the process plant design. The remaining engineering activities are focused on updating vendor data, as the procurement activities progress on miscellaneous equipment.

-- Issued For Construction drawings ("IFC") for all structures are complete with engineering on IFC secondary steel structures expected during the 3rd quarter of this year. Additionally, the IFC drawings for the process plant piping are also near completion.