VANCOUVER, BRITISH COLUMBIA--(Marketwired - Nov. 4, 2013) - Sabina Gold & Silver Corp (News - Market indicators) ("Sabina" or the "Company") is pleased to announce positive drilling results at the Echo Zone on the Goose property. The results are from the Company's 2013 exploration program on its 100% owned Back River project in Nunavut.

"The results of our 2013 field work continue to increase the resource potential at Back River," said Rob Pease, President & CEO. "The Echo Zone was the first new zone discovered on the Goose project at Back River when Sabina purchased the property in 2009. Work on Echo continued in 2010 until the discovery of the Llama and Umwelt deposits, which shifted the focus of work on the Goose property. Echo has never been included in any of the resource estimates at Back River. This year, re-interpretation of prior drilling at Echo resulted in an infill program and holes testing newly defined targets in the zone. We are encouraged by the results of this work and the potential of Echo to become a supplemental open pit on the Goose property".

The Back River Project is made up of a series of mineral properties: Goose and George (which contain the existing resources) and four other exploration areas: Boot, Boulder, Del, and Bath. The bulk of the identified resources at Back River are found in a 7km long zone of folded banded iron formation at the Goose Property. Within the Goose Property, resources to date have been identified in three separate deposits: Umwelt, Llama and Goose Main.

Echo Zone

Echo lies within the Goose Property approximately 1.5 km southwest of the Goose Main deposit. 

The Echo Zone is a variably mineralized, steeply south dipping, east-west to northeast striking iron formation that was a priority of the company's exploration efforts until the focus turned to the Umwelt and Llama Deposits in 2010-11. The zone had been explored over approximately 600m in strike length and sporadically to 150m depth, but its limits were not well defined in any direction.

In 2013, the Echo Zone area was re-evaluated, and an 18 hole drill program was carried out to extend and better define the known mineralization to the west and northeast and/or east with the aim of targeting near surface open pit resources. To date, approximately 50 holes in total have been drilled on the zone.

The 2013 drilling indicates that the Echo Zone is open to the northeast, and at depth. In addition, encouraging drill intercepts (holes 13GSE435 returning 13.13g/t Au over 12.55m and 13GSE395 returning 7.73g/t Au over 12.20m, both intercepting the iron formation at vertical depths of approximately 150m) suggest that the deposit has improved grade with depth.

As part of the company's ongoing feasibility study of the Back River Project, modeling is currently underway to define the resource potential at Echo.

For all 2013 significant assays, please see the table attached to this news release.

Qualified Persons

The Qualified Person as defined by NI 43-101 as pertains to the Back River Project, is Angus Campbell, P.Geo, Vice-President, Exploration, for the Company.

True widths for the intercepts reported in this news release have not yet been determined.

Diamond drill core was sent to TSL Laboratories in Saskatoon, Sask. Quality control is monitored on a continual basis and utilizes a system of standards, blanks and duplicates to ensure analytical accuracy. The protocols and procedures used in 2013 are the same as those used in earlier campaigns by Sabina Gold & Silver Corp. and have been deemed appropriate in the Company's 43-101 compliant resource reports.

SABINA GOLD & SILVER CORP.

Sabina Gold & Silver Corp. is an emerging gold developer with district scale, world class assets in one of the world's newest, most politically stable mining jurisdictions: Nunavut, Canada.

Sabina's primary assets, all located in Nunavut, consist of: the Back River Gold Project, currently in the pre-feasibility and permitting phase; the Wishbone Claims, a vastly prospective grass roots project; and the Hackett River Silver Royalty, a silver production royalty on Glencore Canada's Hackett River project comprising 22.5% of the first 190 million ounces produced and 12.5% of all the silver produced thereafter. The Company is well funded and expects to end the year with approximately $60 million in cash.

All news releases and further information can be found on the Company's website at www.sabinagoldsilver.com or on SEDAR at www.sedar.com.

Forward Looking Statements

Statements relating to future operations at the Back River Project and the expected results of this work are forward-looking statements within the meaning of securities legislation of certain Provinces in Canada. Forward looking statements are statements that are not historical facts and are generally, but not always, identified by the words "expects," "plans," "anticipates," "believes," "intends," "estimates," 'projects," "potential" and similar expressions, or that events or conditions "will," "would," "may," "could" or "should" occur. Information inferred from the interpretation of drilling results may also be deemed to be forward looking statements, as it constitutes a prediction of what might be found to be present when and if a project is actually developed. These forward-looking statements are subject to a variety of risks and uncertainties which could cause actual events or results to differ materially from those reflected in the forward-looking statements, including, without limitation: risks related to fluctuations in metal prices; uncertainties related to raising sufficient financing to fund the planned work in a timely manner and on acceptable terms; changes in planned work resulting from weather, logistical, technical or other factors; the possibility that results of work will not fulfill expectations and realize the perceived potential of the Company's properties; risk of accidents, equipment breakdowns and labour disputes or other unanticipated difficulties or interruptions; the possibility of cost overruns or unanticipated expenses in the work program; the risk of environmental contamination or damage resulting from Sabina's operations and other risks and uncertainties, including those described in Sabina's Annual Report for the year ended December 31, 2012.

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 Gold & Silver Corp

To view the images accompanying this press release, please visit the following link: http://media3.marketwire.com/docs/EchoZone.pdf