SOURCE: Sabina Silver Corporation

November 07, 2006 16:37 ET

Sabina Announces Acquisition of Rockstone Property

THUNDER BAY, ON -- (MARKET WIRE) -- November 7, 2006 -- Sabina Silver Corporation (TSX-V: SBB) announces that it has entered into an Option Agreement to acquire a 100% interest in certain mining claims (the Rockstone Property) located in the Thunder Bay Mining Division of Ontario, Canada, subject to regulatory acceptance.

Sabina now holds an option to earn a 100% interest in the Rockstone Property, which comprises an extensive land area of approximately 6,400 hectares (16,000 acres), by paying an aggregate of C$162,697 ($72,697 paid to date for initial option payment, additional staking costs and technical due diligence costs), issuing 80,000 shares, and expending an aggregate of C$600,000 on exploration and development on the property, all over a three (3) year period. The claims are subject to a Net Smelter Return Royalty of up to 2% payable to the Optionor subsequent to completion of the exercise of the option.

Preliminary work has indicated that the Rockstone Property exhibits geological characteristics of zinc and silver rich massive sulphide deposition such as Sabina has encountered elsewhere.

A detailed compilation of all technical/exploration data related to the Property area is under way, aimed for completion this spring and planned to provide a basis for follow-up exploration on this property in 2007.

SABINA SILVER CORPORATION

Per:  Abraham Drost
      President & Director

401-1113 Jade Court
Thunder Bay, Ontario
P7B-6M7
Ph: (807) 766-1799
info@sabinasilver.com
www.sabinasilver.com
THE TSX VENTURE EXCHANGE HAS NOT REVIEWED AND DOES NOT ACCEPT RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THE CONTENT OF THIS PRESS RELEASE.

Contact Information