Sabre Gold Mines Corp. and its 100% wholly owned subsidiary, Golden Predator Exploration Ltd., have commenced the permitting process at the Brewery Creek
Property located in the Yukon Territory, Canada while continuing to advance the Copperstone Project located in western Arizona, USA. On June 1, 2022, Golden Predator Exploration Ltd. provided the Yukon Environmental and Socio-Economic Assessment Board ("YESAB"), as per Pre-submission Engagement rule 21, a 30-day written notice of its intent to submit an updated project description on Brewery Creek for Executive Committee Screening. The submission of the updated project description to YESAB is the first step required to initiate the Executive Committee level screening under the Yukon Environmental and Socio-Economic Assessment Act's new pre-submission engagement process. The next step will be working with YESAB's Executive Committee to draft the project proposal guidelines. The project proposal guidelines will frame the environmental and socio-economic assessment for the Project. Brewery Creek's project description has been updated to reflect the project profile as included in the recently published January 2022 Preliminary Economic Assessment ("PEA"), which further
outlines details regarding the mine expansion and operational restart at the Brewery Creek Mine and provides information on the construction, operations, reclamation and closure of the Project. The Project is designed to mine 18,657,000 tonnes of gold mineralized material from nine open pits with a mining life of approximately 9 years. Ensero Solutions Canada Inc. assisted in writing the project description. The local First Nations Tr'ondëk Hwëch'in First Nation ("THFN") were also consulted for purposes of the initial project description.