Focused on High-Grade Silver and Gold in Mexico

Expertise, Exploration and Execution of the Santa Maria Epithermal project

Message: Fabled Silver Gold Amends Santa Maria Option Agreement

Fabled Silver Gold Corp. ("Fabled" or the "Company") (TSXV:FCO)(OTCQB:FBSGF)(FSE:7NQ) wishes to announce that it has amended the payment schedule on May 17, 2022 under its option agreement (the "Option Agreement") with Golden Minerals Company ("GMC") with respect to the Santa Maria Project.

Pursuant to the terms of the terms of the amended Option Agreement, in order to acquire the Santa Maria Project, Fabled is now required make the final payment of US$2,000,000 previously due on December 4, 2022 as follows:

Option Payment Timing

Payment Amount (US$)

December 4, 2022


March 31, 2023


June 30, 2023


September 30, 2023


December 31, 2023


As consideration for the amendment Fabled will, on the date of the first payment mentioned above (December 4, 2022), issue to GMC that number of common shares of Fabled ("Shares") that are equal to a value of US$75,000 (as converted to CAD$ at the Bank of Canada Daily Rate published on the business day immediately prior to the date that such payment is made) at a price per share equal to the closing trading price of the Shares on the TSX Venture Exchange ("TSXV") on the trading day immediately prior to the date that such payment is made.

Peter Hawley, President and CEO of Fabled commented: "We thank Golden Minerals for their co-operation in the amendment of our option agreement for the Santa Maria Project. At a difficult time for the markets, this amendment will free up working capital to devote to further defining and exploring the Santa Maria Project over the next year."

The terms of the amendment remain subject to the final approval of the TSXV.

Share Issuance to Agora

In addition the Company announces that, pursuant to its advertising agreement with Agora Internet Relations Corp. ("Agora"), dated November 15, 2021, and described in the Company's news release dated November 29, 2021, it will issue 161,428 Shares to Agora at a price per share of $0.105 in payment of $15,000 + HST for the period ended February 15, 2022.

About Fabled Silver Gold Corp.

Fabled is focused on acquiring, exploring and operating properties that yield near-term metal production. The Company has an experienced management team with multiple years of involvement in mining and exploration in Mexico. The Company's mandate is to focus on acquiring precious metal properties in Mexico with blue-sky exploration potential.

The Company has entered into an agreement with Golden Minerals Company (NYSE American and TSX: AUMN) to acquire the Santa Maria Property, a high-grade silver-gold property situated in the center of the Mexican epithermal silver-gold belt. The belt has been recognized as a significant metallogenic province, which has reportedly produced more silver than any other equivalent area in the world.

Mr. Peter J. Hawley, President and C.E.O.
Fabled Silver Gold Corp.
Phone: (819) 316-0919
[email protected]

For further information please contact:

[email protected]

New Message
Please login to post a reply