SOURCE: Sabina Silver Corporation

January 11, 2007 15:25 ET

Sabina Silver Coverage Initiated

THUNDER BAY, ON -- (MARKET WIRE) -- January 11, 2007 -- SABINA SILVER CORPORATION (TSX-V: SBB) (PINKSHEETS: SBBFF) (FRANKFURT: RXC) is pleased to announce that RESEARCH CAPITAL CORPORATION has initiated independent analyst research coverage on the Company.

The initial report and recommendations have been posted to Sabina's website at http://www.sabinasilver.com/documents/analyst-Jan8-2007-ResearchCapital.pdf .

Sabina Silver Corporation is debt free, with approximately C$35 million in working capital cash and securities. In addition to the exploration and development focus on its large, 100% owned Hackett River Silver-Zinc Project, the company is also advancing the Del Norte Silver-Gold Project in the Stewart-Eskay Creek Mining District, British Columbia, in addition to four promising gold projects in the Red Lake Mining District, Ontario.

ON BEHALF OF THE BOARD OF DIRECTORS

Abraham Drost, P.Geo.
President/Director
The foregoing securities have not been, nor are there any current plans to register said securities under the United States Securities Act of 1933, as amended, and these securities 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.

Sabina Silver Corporation does have a Moody's/Mergent Manual ("Blue Sky") exemption allowing distribution without registration in 39 states for secondary trading transactions only. Always consult a Registered Investment Advisor.

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 www.sedar.com. Actual events or results may differ materially from those projected in the forward looking-statements and we caution against placing undue reliance thereon. Sabina Silver Corporation does have an ongoing obligation to disclose material information, as it becomes available.

The TSX Venture Exchange does not accept responsibility for the accuracy or the adequacy of this release.

Contact Information

  • For further information, please contact:
    Abraham Drost
    401-1113 Jade Court
    Thunder Bay, Ontario
    Phone: (807) 766-1799
    Fax: (807) 345-0284
    Email: Email Contact
    Visit our web site at www.sabinasilver.com.