Sabina Silver Corporation

Sabina Silver Corporation

October 27, 2005 08:00 ET

Sabina Silver Corporation: Bonanza Silver-Gold Zone Intersected At Del Norte, Within 17.8ft Interval Grading 24.39oz Silver And .379oz Gold

THUNDER BAY, ONTARIO--(CCNMatthews - Oct. 27, 2005) - SABINA SILVER CORPORATION (TSX VENTURE:SBB) is very happy to announce initial assay results from the first two holes of the 2005 drill program on the Del Norte property, situated in the Stewart-Eskay Creek Mining District, British Columbia.

Bonanza silver and gold grades of 110.3oz silver and 2.08oz gold over 2.8 feet as a central core within a broader intersection of continuous mineralization are summarized as follows:

Drill From To Interval Silver Gold Gold Equiv.
Hole (feet) (feet) (feet) (oz/ton) (oz/ton) (oz/ton)

DN05-02 604.0 655.0 51.0 10.23 0.192 0.363
--including 622.2 640.0 17.8 24.39 0.379 0.786
--including 626.0 628.8 2.8 110.38 2.085 3.925

Ten drill holes, totaling 4,600 feet have been completed at Del Norte. The program was funded by Sabina according to terms of a recently signed option agreement with Teuton Resources Corp. (TUO:TSX-V), whereby Sabina Silver can earn up to a 65% interest by spending $2.5 million on the property over the next four years and taking the project to a feasibility study (previously reported October 3, 2005).

The 2005 program was drilled under Teuton's direction to test the extension of the K-LG vein system beyond the limits of the 2004 drilling. Hole DN05-02 successfully encountered the vein approximately 150 feet south along strike beyond the pierce point of the last hole drilled in 2004 (DN04-36, which returned 28.2 feet of 0.222 oz/ton gold equivalent (Teuton Resources Corp., October 20, 2004). True widths are unknown at this point.

Hole DN05-01, drilled from the same collar and at the same azimuth as DN05-02, also encountered the vein at a depth of 77 feet vertical. No significant values were encountered at this shallow level.

Assays for the remaining 8 holes are currently being processed and will be announced when complete. An airborne geophysical survey of the Del Norte Project was also recently completed and results are pending.

D. Cremonese, P.Eng. is the Qualified Person for Teuton Resources Corp. in charge of the 2005 program on the Del Norte property. Pioneer Laboratories of Richmond, B.C., an accredited facility, is in charge of assaying the Del Norte core. Harvey Klatt, P.Geo., Qualified Person for Sabina Silver Corporation has reviewed the technical data and approved its dissemination in this news release.

The foregoing securities have not been, nor will be, registered under the United States Securities Act of 1933, as amended, and may not be offered or sold within the United States or to, or for the account or benefit of U.S. persons absent U.S. registration or an applicable exemption from U.S. registration requirements. This release does not constitute an offer to sell or the solicitation of an offer to buy nor shall there be any sale of the securities in any state where such offer, solicitation or sale would be unlawful.

This news release includes certain forward-looking statements concerning the future performance of our business, its operations and its financial performance and condition, as well as management's objectives, strategies, beliefs and intentions. Forward-looking statements are frequently identified by such words as "may", "will", "plan", "expect", "anticipate", "estimate", "intend" and similar words referring to future events and results. Forward-looking statements are based on the current opinions and expectations of management. All forward-looking information is inherently uncertain and subject to a variety of assumptions, risks and uncertainties, including the speculative nature of mineral exploration and development, fluctuating commodity prices, competitive risks and the availability of financing, as described in more detail in our recent securities filings available at Actual events or results may differ materially from those projected in the forward looking-statements and we caution against placing undue reliance thereon. Sabina does have an ongoing obligation to disclose material information as it becomes available.

Shares Issued: 36,524,244

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