SABRE GOLD MINES CORP - SGLDF STOCK NEWS

Sabre Gold Mines Corp. (SGLD, SGLDF) has initiated the permitting process for its Brewery Creek Property in Yukon, Canada, while progressing the Copperstone Project in Arizona. The updated project description for Brewery Creek is a key step in obtaining approval from the Yukon Environmental and Socio-Economic Assessment Board. Highlights from the Preliminary Economic Assessment indicate an after-tax NPV of $112 million at $1,700 per ounce gold and an average annual production of 60,000 ounces. The company has also renewed its Land Use Permit for another 10 years to expand exploration efforts.

Sabre Gold Mines Corp. (SGLDF) appointed Mike Maslowski as Vice President, COO, enhancing its management team for the Copperstone gold project in Arizona. The company is focused on advancing discussions for project debt financing to minimize stakeholder dilution, aiming to advance Copperstone to production within 12 months. The project is fully permitted with a lower than typical restart capital requirement. Detailed engineering of the processing facility is 70% complete, with expected annual production of 40,000 to 45,000 ounces of gold, supported by a comprehensive mine plan.

Sabre Gold Mines Corp. (TSX: SGLD, OTCQB: SGLDF) announced the appointment of Sid Tolbert as Vice President and General Manager, enhancing its management team. Tolbert, with over 30 years of experience in underground mining, is expected to lead the advancement of the Copperstone gold project towards production. The company also reported promising underground drilling results at Copperstone, with significant gold grades, particularly a drill hole showing 4.6 m at 16.9 g/t gold. The results indicate strong potential for further resource expansion.

Sabre Gold Mines Corp. (OTCQB: SGLDF) announced positive underground drilling results from its Copperstone gold project in Arizona. High-grade gold intercepts were recorded, suggesting potential extensions of the D Zone. Key highlights include:

• RC P2F95: 10.7 m at 14.3 g/t, including 1.5 m at 74.1 g/t
• RC P2F61: 3.0 m at 12.0 g/t, including 1.5 m at 19.6 g/t
• RC P2E50: 1.5 m at 17.1 g/t
• RC P2F64: 1.5 m at 9.5 g/t

Assays from 80 of 83 sampled holes confirm high-grade continuity, with further results pending.

Sabre Gold Mines Corp. (SGLDF) announced promising results from its underground drilling at the Copperstone gold project in Arizona. Recent assays show continuity in a mineralized shear zone, with high gold grades encouraging for mine design. Notable drill highlights include:

• RC P6F58: 4.6 m at 26.9 g/t, including 3.0 m at 38.5 g/t
• RC P2E93: 6.0 m at 15.5 g/t, including 3.0 m at 26.5 g/t

Out of 83 holes sampled, results from 67 have been received, showcasing good gold grade continuity and positive exploration potential.

Sabre Gold Mines Corp. (SGLDF) announced significant advancements at its Copperstone gold project in Arizona, with preparations for startup and full production ongoing. Definition drilling has shown high grades and continuity, supporting an updated geological model. The project aims for annual output of 40,000 to 45,000 ounces in the initial years, with a comprehensive mine plan in place. Additionally, progress on the processing facility is nearing 60% completion, with excellent gold recovery noted in final metallurgical tests. An update on project funding is expected in Q2-2022.

Sabre Gold Mines Corp. (TSX: SGLD, OTCQB: SGLDF) announced encouraging underground drilling results from its Copperstone gold project in Arizona. The in-fill drill program revealed strong continuity of the mineralized shear zone, providing confidence in resource models and mine planning. Key highlights include notable gold grades: 6.0 m at 13.4 g/t and 4.5 m at 14.5 g/t. The drilling program, completed between October and December, comprised 85 holes over 3,004 meters. Sabre aims to restart production soon and holds significant gold resources with exploration plans underway.

Sabre Gold Mines Corp. has filed an independent technical report supporting the Preliminary Economic Assessment (PEA) for its Brewery Creek gold project in Yukon, Canada. Highlights include:

• After-tax NPV of $112 million at 5% and an IRR of 27.6% at $1,700/oz gold.
• Average annual cash flow of $36 million, increasing to $44 million at $1,900/oz.
• Average annual production of 60,000 ounces over an 8-year mine life.
• Total cash cost of $850/oz and all-in sustaining cost of $966/oz.
• Pre-production capital costs of $105 million.