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 with a demonstrated high-grade world class gold endowment.

Procurement & Sealift: A major component of the Company's de-risking strategy for the Project focused on early procurement which has mitigated against cost escalation pressures and supply chain backlogs. By July 2022, the Company had made commitments for approximately 75% of the total Project procurement: the focus being on priority construction items for delivery on this year's sealift. These items include equipment and supplies for site concrete work and the erection of plant and ancillary building shells and building envelopes.

The 2022 sealift program included vessels from both the East and the West shipping hubs at Becancour and Hay River respectively. For the 2022 sealift, Sabina shipped and received approximately 12,500 million tonnes (“MT”) of dry goods via 2 cargo vessels and 8 ocean barges, mainly comprised of: the balance of the phase 1 permanent accommodation /kitchen dining /administration complex (280 person); Construction offices and equipment; Bulk construction materials (cement, rebar and all building envelope structural steel); Select discipline construction materials (piping, electrical cable and tray, tanks, chutes, conveyors, etc); Building OH cranes, Emulsion plant, main generators; Ancillary buildings, additional fuel storage capacity, mining fleet spares; and Additional WIR equipment and mining equipment. In addition, Sabina successfully completed the delivery and offloading of 9.2 million liters of bulk diesel fuel into storage tank at the Port Facility.

As previously reported, Sabina has also procured its permanent 500 bed accommodation facility with the first phase of 280 beds delivered to the Port Facility already which is greater than camp personnel requirements for 2023. The remaining 220 beds required for operations were scheduled to be delivered this year but with the delayed start of the sealift from the west due in part to flooding in Hay River this Spring, the balance of the camp was not delivered. Should overflow be required in 2023, Sabina can utilize its existing 100 bed exploration camp at Goose.

Approximately 2,301 MT of the 3,400 MT of cargo marshalled for delivery from the West, was deemed as critical to schedule. Sabina received approximately 2,283 MT of critical cargo at the Port Facility in 2022, also due to the delayed sealift start. The remaining 18 MT of priority cargo needed is comprised of structural steel and welding consumables for the additional 15M liter fuel farm tanks to be constructed at the Port Facility and Goose.

These remaining items can be delivered to site via air. Committed purchase orders have been issued for all long-lead time packages (with 10 weeks or longer delivery) and the Project is now ~90% procured, with a target of 95% of all packages to be committed to by the end of November 2022. Winter Ice Road (“WIR”): Sabina has executed a construction and maintenance contract with Nuna Logistics for the 2022/2023 Winter Ice Road.

Nuna is the largest Inuit-owned heavy civil construction, earthworks and winter ice road contractor in Canada. Since 1993, Nuna has constructed the majority of Nunavut's and the Northwest Territories' exploration and mine site ice access roads. Their in-depth knowledge of northern operations enables them to mobilize, build, and maintain the reliable infrastructure required for continuous, cost-efficient operations in isolated regions of Northern Canada.

Preparations for Sabina's WIR are underway with double headed construction (from the Port Facility and the Goose site) of the road to begin in December 2022. Transportation operations are expected to start in February 2023 with an anticipated 1500 loads being moved from the MLA to Goose. Underground Development: Underground development continues to advance with approximately 1,200 meters complete and the first lateral access to the Umwelt Zone commencing.

Preparations for development of the first ventilation raise have begun as well as underground exploration drilling of the Umwelt zone.