Mr. Tom Obradovich reports

SABLE TO INITIATE DRILLING ON MARGARITA PROJECT

Positive results from fieldwork carried on Sable Resources Ltd.'s Margarita project late last year have motivated the company to initiate a two-phase drill program to test the 1.7-kilometre structure.

The Margarita project consists of partially outcropping silver bearing epithermal quartz veins on two mining exploration licences totalling 125 hectares of ground with an approximate strike length of 1.7 kilometres, and is fully surrounded by Sunshine Silver Mine Corp.'s Los Gatos project. The Los Gatos deposit contains measured and indicated resource of 9.2 million tonnes grading 289 parts per million silver, 5.7 per cent zinc, 2.8 per cent lead and 0.36 ppm gold for a resource of 178 million ounces silver-equivalent (Sunshine Silver Mining and Refining website published National Instrument 43-101 report titled: "Feasibility Study of the Cerro Los Gatos Silver-Zinc-Lead Deposit Los Gatos Project," January, 2017). Sable has entered a definitive option agreement to obtain a 100-per-cent interest in the project as previously disclosed in the company's June 2, 2017, news release.

Surface sampling consisted of 44 one-metre channel samples of exposed vein material at various locations. Twenty-nine of the one-metre surface channel samples returned significant silver values greater than 100 grams per tonne ranging in value from 106 to 909 g/t silver. The samples were also highly anomalous in gold (Au to 479 parts per billion), lead (Pb to 3,770 ppm), zinc (Zn to 11,500 ppm), arsenic (As to 238 ppm) and antimony (Sb to 932 ppm).

Based on these results, a planned drill program is planned to commence during the first quarter 2018 subject to gaining required permitting. The initial drill program will consist of a two-phase, 11-diamond-drill-hole program totalling 4,025 metres and will test the vein structures at depths between 200 and 400 metres. Company geologists interpret potential for a high-grade precious metal horizon below the current surface samples based on low-temperature silica textures at surface combined with precious metal values and elevated arsenic and antimony values indicating a position in the upper levels of an epithermal system.

President and chief executive officer Tom Obradovich stated: "We are pleased with these high-grade results considering that silica textures observed indicate we are in the very top of a high-grade vein system. We will be targeting this zone below the upper level in our drilling program which will be expanded if successful in phase 1 and 2."

About Sable Resources Ltd.

Sable owns numerous mineral projects in British Columbia, Canada and Mexico including 142 square kilometres of mineral tenure and mining leases in the Toodoggone mining district of north-central British Columbia which hosts the past-producing Baker and Shasta mines, and the 250-ton-per-day Baker mill and tailings facility.

Sample preparation was carried out by ALS Chemex de Mexico SA de CV, a subsidiary of ALS Minerals, at its laboratory at Chihuahua, state of Chihuahua, Mexico. Analyses were carried out at its laboratory in North Vancouver, B.C., Canada. Sample preparation was by drying in an oven at a maximum temperature of 60 C, fine crushing of the sample to at least 70 per cent passing less than two millimetres, sample splitting using a riffle splitter and pulverizing a 250-gram split to at least 85 per cent passing 75 microns (code PREP-31).

Gold was analyzed by fire assay of a 30 g sample split with detection by atomic absorption spectrophotometer (AAS) (code Au-AA23). Multielements were analyzed by a four-acid, near total digestion of a one-gram subsample with detection by inductively coupled plasma atomic emission spectrometer (ICP-AES) for 33 elements (silver, aluminum, arsenic, barium, beryllium, bismuth, calcium, cadmium, cobalt, chromium, copper, iron, gallium, potassium, lanthanum, magnesium, manganese, molybdenum, sodium, nickel, phosphorus, lead, sulphur, antimony, strontium, thorium, titanium, thallium, uranium, vanadium, tungsten and zinc) (code MEICP61).

Luis Arteaga (BSc), PGeo, exploration manager for Sable Resources and the company's qualified person as defined by National Instrument 43-101, has reviewed and approved the technical information in this news release.

This digestion method dissolves most minerals but not all elements are quantitatively extracted in some sample matrices. Mercury was analyzed by aqua regia digestion, cold vapour extraction and AAS detection with a lower limit of detection of 0.01 ppm (code Hg-CV41), or by inductively coupled plasma mass spectrometer (ICP-MS) with a lower limit of detection of 0.005 ppm (code Hg-MS42).

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