Sabina Gold & Silver Announces Positive Initial Project Feasibility Study on Back River Gold Project, Nunavut

14 September 2015

• Compelling high-grade gold production at significantly reduced CAPEX provides Sabina with a viable development path
• Post Tax IRR/NPV(5%) of 24.2% and C$480.3 million
• Assumes a gold price of US$1,150/oz and C$ exchange rate of 0.80
• Conference Call & Webcast Tuesday September 15, 2015 at 6:00am Pacific Time

(September 14, 2015) Vancouver, BC – Sabina Gold & Silver Corp (SBB.T), ("Sabina" or the "Company") is pleased to announce it has received the results of the Initial Project Feasibility Study ("FS" or the "Study") for its 100%-owned Back River gold project ("Back River" or the "Project") in Nunavut, Canada.

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