Vancouver, British Columbia, May 18, 2023 – Fabled Silver Gold Corp. (“Fabled” or the “Company”) (TSXV: FCO; OTC PINK: FBSGF, and FSE: 7NQ) wishes to provide an update on its previously announced agreement with Kootenay Silver Inc. to acquire the Mecatona Property(the “Mecatona Property”) located in Chihuahua, Mexico (the “Proposed Transaction”) as announced and further described in the Company’s press release dated February 21, 2023.