Toronto, Ontario--(Newsfile Corp. - November 11, 2024) - Sabre Gold Mines Corp. (TSX: SGLD) (OTCQB: SGLDF) ("Sabre Gold" or the "Company") is pleased to announce that it has successfully completed the previously announced repurchase of the 1.5% net smelter returns royalty ("NSR") on the Copperstone Gold project ("Copperstone") held by Trans Oceanic Minerals Company Ltd. ("TOMC") for a total consideration of US$1.25 million.

As part of the agreement, Sabre Gold satisfied the purchase price through the transfer to TOMC of a 0.5% NSR royalty on the 3 Aces project, an exploration project owned by Seabridge Gold Inc.. The 3 Aces project is located in the highly prospective region of the Yukon, Canada, and the royalty transfer provides TOMC with an ongoing royalty interest in this promising exploration project.

"We are very pleased to complete this strategic transaction with TOMC," said Andrew Elinesky, CEO of Sabre Gold. "By repurchasing the 1.5% NSR, we have removed an economic burden on Copperstone which increases the potential financial viability of Copperstone. Additionally, the transfer of the NSR on the 3 Aces project demonstrates our ability to optimize our asset base while maintaining our focus on driving value for our shareholders."

All currency amounts are in Canadian dollars unless specified otherwise.

The royalty repurchase constitutes a related party transaction within the meaning of Multilateral Instrument 61-101 - Protection of Minority Security Holders in Special Transactions ("MI 61-101") as TOMC is a company owned and controlled by a director of the Company. The Company is relying on the exemptions from the valuation and minority shareholder approval requirements of MI 61-101 contained in sections 5.5(a) and 5.7(1) (a) of MI 61-101 as the fair market value the subject matter of the transaction and the fair market value of consideration does not exceed 25% of the market capitalization of the Company, as determined in accordance with MI 61-101.

About Sabre Gold Mines Corp.

Sabre Gold is a near-term gold producer in North America which holds 100% ownership of both the fully licensed and permitted Copperstone gold mine located in Arizona, United States. Management intends to restart production at Copperstone in the near term. Sabre Gold also holds other investments and projects at varying stages of development.

Copperstone has approximately 300,000 ounces of gold in the Measured and Indicated categories, and approximately 197,000 ounces of gold in the Inferred category. Additionally, Copperstone has considerable existing operational infrastructure as well as significant exploration upside. Sabre Gold is led by an experienced team of mining professionals with backgrounds in exploration, mine building and operations.