Fabled Silver Gold Corp. ("Fabled" or the "Company") (TSXV:FCO)(OTCQB:FBSGF)(FSE:7NQ) announces additional results from underground diamond drilling of the increased 1,400-meter underground drill program on the "Santa Maria" Property in Parral, Mexico, see Figure 1.

Figure 1

- Plan View of Area of Current Underground Drilling with Modeled Mineralized Intrusive Dikes

SMUG21-18

Exploration diamond drill hole SMUG21-18 was drilled at 0-degree dip or flat and was designed to test, at depth, an interpreted Northeast trending intrusive mapped on surface, as seen above in Figure 1.

SMUG21-18 was successful in the interception of a wide, low-grade silver impregnated northeast trending intrusive dike, or finger, from 58 - 129 meters. This 71-meter intercept ended in mineralized intrusive dike.

In general, the drill core of the intrusive was reddish in color, highly fractured with quartz veinlets with 2-5% fine disseminated pyrite.

See Figures 2, 3; Table 1; Photo 1 of hydrothermal Intrusive dike below.

Figure 2- Cross Section of Underground Drill Hole SMUG21- 18

Table 1- Drill hole SMUG 21- 18 Assay Results

• ** Ag Equivalent ("Ag Eq") grade is calculated using $20 per ounce Ag and $1,600 Au

This intercept is on trend with the intercepts of surface diamond drill hole SM20-1,2,3 which are collared 700 meters to the northeast and drilled in one fence or section. Hole SM20- 01 reported a broad zone of silver mineralization within the intrusive dike, such as 68.60 meters grading 53.24 g/t Ag Eq with higher grade intervals at a depth of -85 meters vertically. The deeper hole SM20-02 reported 6 meters grading 351.66 g/t Ag Eq at a vertical depth of -105 meters, and hole SM20-03 reported 12.50 meters of 110.51 g/t Ag Eq with numerous higher-grade intercepts at a depth of -300 meters. See Figure 3 below.

Drill hole SMUG21-20 was designed to test the intrusive structure from Underground approximately 200 meters on strike to the northeast and between holes SMUG21-19 and surface holes SM20-1, 2and 3. See Figure 1 for location.

Figure 3- Cross Section of Surface Drill Holes SM20-01 - 03, inclusive

Photo 1- Drill hole SMUG 21- 18

SMUG21-19

Exploration diamond drill hole SMUG21-19 was drilled at 0-degree dip or flat and was designed to test the southeast extension of the main intrusive dike, currently being drilled from surface, before the projected interception with the northeast trending dike as discussed in SMUG21-18 above, see Figure 1.

SMUG21-19 was successful in the interception of 15 meters of low-grade Santa Maria Footwall structure from the collar or beginning of the hole.

This was followed by silicified limestone until 54 - 78.20 meters where the hole intercepted 24.20 meters of weakly mineralized intrusive dike.

In general, an alternating dike sequence from massive gray to reddish highly silicified and oxidized porphyritic diorite dike with fine disseminated sulphides was intercepted over the 24.20-meter interval.

See Table 2, Figure 4, Photo 2 of the oxidized dike below.

Figure 4- Cross Section of Underground Drill Hole SMUG21- 19

Table 2- Drill hole SMUG21-19 Assay Results

• ** Ag Equivalent ("Ag Eq") grade is calculated using $20 per ounce Ag63.86 and $1,600 Au

Photo 2 - SMUG21-19 Oxidized Diorite Dike

FUTURE UNDERGROUND DRILLING UPDATE

The Company has extended the underground drilling by increasing the meterage by 200 meters and as such hole SMUG21-19-21, inclusive have been drilled, See Figure 1 above for locations, have been holes SMUG21-20 and 21 are pending assay results.

QA QC Procedure

Analytical results of sampling reported by Fabled Silver Gold represent core samples that have been sawn in half with half of the core sampled and submitted by Fabled Silver Gold staff directly to ALS Chemex, Chihuahua, Chihuahua, Mexico. Samples were crushed, split, and pulverized as per ALS Chemex method PREP-31, then analyzed for ME-ICP61 33 element package by four acid digestion with ICP-AES Finish. ME-GRA21 method for Au and Ag by fire assay and gravimetric finish, 30g nominal sample weight.

Over Limit Methods

For samples triggering precious metal over-limit thresholds of 10 g/t Au or 100 g/t Ag, the following is being used:

Au-GRA21 Au by fire assay and gravimetric finish with 30 g sample.

Ag-GRA21 Ag by fire assay and gravimetric finish.

Fabled Silver Gold monitors QA/QC using commercially sourced standards and locally sourced blank materials inserted within the sample sequence at regular intervals.

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 (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
peter@fabledfco.com

For further information please contact:
info@fabledfco.com