Sabina Gold & Silver Corp.

Sabina Gold & Silver Corp.

November 05, 2009 08:30 ET

Sabina Gold & Silver Corp. Announces Graduation to the Toronto Stock Exchange Big Board

Trading to start on the TSX at Market open on Thursday, November 5, 2009

VANCOUVER, BRITISH COLUMBIA--(Marketwire - Nov. 5, 2009) - Sabina Gold & Silver Corp. (SBB) (TSX:SBB) is pleased to announce today that the Company will begin trading on the Toronto Stock Exchange big board at market open on Thursday November 5, 2009. The Company will continue to trade under the symbol SBB.

"This is another positive step in the evolution of Sabina as an emerging precious metals company," said Tony Walsh, President & CEO "Our recent name change and the graduation to the TSX more accurately reflect the Company's focus on accretive gold and silver assets. We believe that our existing assets, particularly in Nunavut, represent significant opportunities for investors in Sabina and will become an important contribution to future metals production in Canada."

The Nunavut properties consist of the Hackett River Silver Project, the Back River Gold Project, both advanced exploration properties with significant 43-101 resources, as well as the Wishbone Claims, a vastly prospective grass roots project.

The combined holdings total approximately 3,000 square kilometres and include the underexplored Hackett River Greenstone belt. This significant land position in the region, along with the advanced nature of the Hackett River Project, positions Sabina to have a strong influence on exploration and development of this emerging district.

Graduating to the TSX big board is a natural evolution for a growing company. Sabina management believes that this listing will open up a wider venue of investors in Canada, the US and Europe, particularly on the institutional side.

SABINA GOLD & SILVER CORP. is an emerging precious metals company with district scale, world class assets in one of the world's newest, most politically stable mining jurisdictions: Canada. The company is focussed on continuing to add value by efficiently exploring and developing its Nunavut and Ontario Red Lake precious metals properties. The Company is well capitalized with approximately $45 million in cash and marketable securities at June 30, 2009.

Forward Looking Statements

Statements relating to future to the Hackett River Project, the Back River Project and the Wishbone project and the expected results of this work are forward-looking statements within the meaning of securities legislation of certain Provinces in Canada. Forward looking statements are statements that are not historical facts and are generally, but not always, identified by the words "expects", "plans", "anticipates", "believes", "intends", "estimates", 'projects", "potential" and similar expressions, or that events or conditions "will", "would", "may", "could" or "should" occur. Information inferred from the interpretation of drilling results may also be deemed to be forward looking statements, as it constitutes a prediction of what might be found to be present when and if a project is actually developed. These forward-looking statements are subject to a variety of risks and uncertainties which could cause actual events or results to differ materially from those reflected in the forward-looking statements, including, without limitation: risks related to fluctuations in metal prices; uncertainties related to raising sufficient financing to fund the planned work in a timely manner and on acceptable terms; changes in planned work resulting from weather, logistical, technical or other factors; the possibility that results of work will not fulfill expectations and realize the perceived potential of the Company's properties; risk of accidents, equipment breakdowns and labour disputes or other unanticipated difficulties or interruptions; the possibility of cost overruns or unanticipated expenses in the work program; the risk of environmental contamination or damage resulting from Sabina's operations and other risks and uncertainties, including those described in Sabina's Annual Report for the year ended December 31, 2008.

Forward-looking statements are based on the beliefs, estimates and opinions of Sabina's management on the date the statements are made. Sabina undertakes no obligation to update these forward-looking statements should management's beliefs, estimates or opinions, or other factors, change.

This news release has been authorized by the undersigned on behalf of Sabina Silver Corporation.

Tony Walsh, President & CEO

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