Sabina Silver Corporation

Sabina Silver Corporation

June 30, 2008 17:11 ET

Sabina Silver Announces Results of AGM

VANCOUVER, BRITISH COLUMBIA--(Marketwire - June 30, 2008) - Sabina Silver Corporation (the "Company") (TSX VENTURE:SBB) is pleased to announce today that at the Company's Annual General Meeting held in Vancouver, BC on June 19, 2008, the following individuals were re-elected or appointed Directors of the Company: William W. Cummins, Duncan J. Caldwell, John F. Whitton, LeRoy E. Wilkes, Terry E. Eyton, Scott B. Hean, Anthony P. Walsh and James N. Morton.

Mr. Morton is a new director elected at the meeting and is a founding partner of the Vancouver law firm of Morton & Company, corporate and securities lawyers. Mr. Morton has advised venture companies, many involved in resource exploration and development, for over 30 years. Over this period he has served as director of a number of resource companies.

Mr. Walsh is Sabina's newly appointed President and CEO. Since his appointment, Mr. Walsh has been reviewing the Company's projects and initiatives with a view to formulating strategies going forward.

"Sabina has undertaken significant work on all of its projects to date. Work continues at Hackett River towards completion of a pre-feasibility study," said Tony Walsh. "Drilling results and updated resources are expected soon however, we continue to encounter capacity constraints as is typical in our industry. Once formulated and approved, I look forward to providing our investors and stakeholders with our plan to continue to build value in the Company."

Mr. Abraham Drost did not stand for re-election. Mr. Drost was a key member of the Sabina team and was instrumental in advancing the Company to the stage it is now today. The Board and management would like to thank Mr. Drost for his years of commitment and service to the Company and its shareholders.

Sabina Silver Corporation has a strong balance sheet with no debt and approximately $45 million in cash and marketable securities at March 31, 2008.

The Company has granted a total of 100,000 stock options to Directors and Employees of the Company, exercisable at a price of $1.33 per share for a period of five years.

SABINA SILVER CORPORATION is a Canadian public mineral exploration and development company with assets at the Hackett River silver-zinc project in Nunavut, the Del Norte project in the Stewart-Eskay Creek Mining District and several projects in the Red Lake gold camp.

Forward Looking Statements

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, should change.

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

Anthony P. Walsh, President & CEO

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