Sabina Silver Corporation (TSX-V: SBB) announced today that the Board of Directors has accepted the resignation of Albert Brantley as President and CEO of the Company. In addition, Mr. Don Parker has been appointed Project Manager of the Hackett River Project.

"Regretfully, due to family considerations, I must resign as President and CEO of Sabina Silver Corporation," said Albert Brantley. "Although I am very disappointed I will not be involved in its development, I believe that the Hackett River Project has the makings of a world-class asset. I plan to continue in my capacity as President and CEO, moving the company and the Hackett River Project forward, until the Board of Directors engages my replacement."

Mr. Brantley was appointed as President and CEO of Sabina Silver Corporation in August 2007 and has steadily worked to advance technical and permitting activities at the Company's Hackett River Project in Nunavut, Canada. The Board of Directors of Sabina has accepted Mr. Brantley's resignation as President and CEO of the Company effective May 26, 2008. However, Mr. Brantley will continue as a Director of the Company moving forward and is contributing to the search for his replacement. He has also undertaken to continue to assist in the advancement of activities at Hackett River.

"The Board of Directors and the management team understands and sympathizes with Mr. Brantley's family concerns," remarked William Cummins, Chairman of the Board. "Although we are disappointed that he has resigned, the Board and management remain committed to the evolution of Sabina into a development company. The search for Mr. Brantley's replacement is in full swing, and the Company has entered into discussions with qualified candidates. During the interim, we have every confidence in Mr. Brantley's commitment to a smooth transition."

Effective immediately, Mr. Don Parker, P. Eng, has joined Sabina as the Project Manager of the Hackett River Project. Mr. Parker has forty-five years of experience in senior management, consulting, mine operations and engineering with such companies as Esso Minerals Canada, Cominco Ltd and Washington Group International. Mr. Parker will be responsible for overseeing the feasibility and permitting activities for the Hackett River Project being undertaken at present by AMEC Americas and Rescan Environmental Services Ltd, respectively, and for moving development forward.

"We are very excited to have someone with Don's experience join our team," said Albert Brantley, President and Chief Executive of Sabina Silver Corp. "Not only will he provide invaluable input moving the Company and the project forward, Mr. Parker's addition will also ensure a smooth transition while we continue the search for my replacement."

Hackett River

As announced in March 2007 a positive Preliminary Economic Assessment (PEA) was completed by Wardrop Engineering Inc. in accordance with National Instrument 43-101 guidelines. The PEA envisions Hackett River as being capable of achieving average annual production of 324.7 million pounds of zinc, 12.4 million ounces of silver, 20.7 million pounds of copper, 37.0 million pounds of lead and 17.2 thousand ounces of gold over a mine life of 13.6 years.

According to the PEA, a discounted cash flow analysis of the Hackett River Project achieves a pre-tax net present value of C$345 million at an 8% discount rate with a pre-tax internal rate of return of 20.6% and a payback period of approximately 3 years. For further information on the Preliminary Economic Assessment, please see the News release dated March 5, 2007 at www.sabinasilver.com.

The Hackett River Project is currently in pre-feasibility assessment with a revised resource estimate expected to be completed during the second quarter of 2008. The pre-feasibility study is anticipated to be announced during the fourth quarter of 2008.

The Preliminary Economic Assessment is based on a NI 43-101 compliant mineral resource estimate completed by Wardrop Engineering in November 2006.

SABINA SILVER CORPORATION is a Canadian public mineral exploration and development company with assets at the Hackett River silver-zinc project in the Canadian Arctic, the Del Norte project in the Stewart-Eskay Creek Mining District and several projects in the Red Lake gold camp.

Sabina Silver Corporation is well financed with approximately C$44 million in cash and approximately C$6.7 million in marketable securities at December 31, 2007.

Forward-Looking Statements

Statements relating to permitting and feasibility work at the Hackett River project and the expected results of this work and Mr. Albert Brantley's replacement 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 and information concerning mineral resource estimates 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 gold 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; uncertainties involved in the estimation of metal reserves and resources; the possibility that required permits may not be obtained on a timely manner or at all; the possibility that capital and operating costs may be higher than currently estimated and may preclude commercial development or render operations uneconomic; the possibility that the estimated recovery rates may not be achieved; 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, 2006.

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, change.

This news release has been authorized by the undersigned on behalf of Sabina Silver Corporation.

SBBNR-08-04

Distributed by Filing Services Canada and retransmitted by Marketwire

For further information please contact:

Albert Brantley, President and CEO: 807-766-1799
Nicole Hoeller, Director, IR: 807-766-1799
Email Contact

Sabina Silver Corporation
1200-750 West Pender Street
Vancouver, BC
V6C 2T8
Tel: 807-766-1799
Fax: 807-343-0232
Website: http://www.sabinasilver.com
Email: Email Contact

SOURCE: Sabina Silver Corporation

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