Fabled Silver Gold Corp. ("Fabled" or the "Company") (TSXV:FCO)(OTCQB:FBSGF)(FSE:7NQ) is pleased to announced that all proposed resolutions were approved at the Company's Annual General Meeting of Shareholders held on October 27, 2022.

Shareholders voted in favor of all the resolutions proposed by the Board of Directors and management of the Company. A total of 33,569,956 common shares were voted, representing 15.62% of total shares issued and outstanding as of the record date.

• The number of directors of the Company was set at four (4) and shareholders approved the re- election of David W. Smalley, Peter J. Hawley, Luc Pelchat, and Roger Scammell as directors of the Company;
• Davidson & Company LLP, Chartered Professional Accountants, were re-appointed as auditors of the Company for the ensuing year and the directors have been authorized to fix their remuneration; and
• The Company's 10% rolling stock option plan was re-approved by the shareholders.

Private Placement

In addition the Company announces that it has decided that it will not further extend the of a non-brokered private placement previously announced on June 23, 2022 (the "Offering") and has therefore closed the Offering. As previously disclosed in a press release dated July 21, 2022 the Company closed one tranche of the Offering and issued 5,940,000 units (the "Units") at a price of C$0.07 per Unit for gross proceeds of C$415,800.

The closing of the Offering is subject to final acceptance of the TSX Venture Exchange.

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 (a) 260,769 Shares to Agora at a price per share of $0.065 in payment of $15,000 + HST for the period ended August 15, 2022 and (b) 339,000 Shares to Agora at a price per share of $0.05 in payment of $15,000 + HST for the period ended November 15, 2022.

The common shares issued to Agora are subject to a hold period until April 2, 2022, which is four months and one day following the issuance thereof in accordance with applicable securities laws.

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]