Mr. Tom Obradovich reports

SABLE ANNOUNCES LAUNCH OF EARLY WARRANT EXERCISE INCENTIVE PROGRAM

Sable Resources Ltd. has launched a warrant exercise incentive program designed to encourage the early exercise of up to 27,205,500 of its outstanding unlisted warrants exercisable for common shares of the company. The warrants are currently exercisable at a price of 25 cents per common share until Sept. 8, 2019.

Under the program, the company is offering an inducement to each warrant holder that exercises their warrants prior to Sept. 12, 2018, by the issuance of one-half of one additional share purchase warrant for each warrant early exercised. Each new warrant will entitle the holder to purchase one additional common share for a period of 36 months from the date of issuance of such incentive warrant, at a price of 35 cents. The program will commence today, Aug. 27, 2018, at 9 a.m. Toronto time and expire on Sept. 12, 2018, at 5 p.m. Toronto time. The incentive warrants will be subject to a four-month hold period from the date of issuance.

If all of the warrants are exercised during the early exercise period, Sable expects to:

• Receive gross proceeds of approximately $6.8-million on or before the early exercise expiry date;
• Issue approximately 27,205,500 common shares pursuant to the exercise of the warrants by holders in accordance with the original terms of the warrants;
• Issue approximately 13,602,750 incentive warrants to warrant holders pursuant to the early exercise of the warrants on or before the early exercise expiry date.

The terms and conditions of the program and the method of exercising warrants pursuant to the program are set forth in a letter which is being mailed to the registered address of each warrant holder, posted on SEDAR and is available on the company's website.

Holders of warrants who elect to participate in the program will be required to deliver the following to the company on or prior to 5 p.m. Toronto time on Sept. 12, 2018:

1. A duly completed and executed exercise form, in the form which accompanies the certificate representing the warrants;
2. The original certificate representing the warrants being exercised;
3. The applicable aggregate exercise price payable to the company by way of certified cheque, money order, bank draft or wire transfer in lawful money of Canada.

To the extent that holders of the warrants take advantage of the opportunity to exercise their warrants early, this will strengthen Sable's current cash position and provide the company with adequate working capital to complete its upcoming exploration programs in Mexico and Argentina.

The transaction is subject to the receipt of all final regulatory approvals, including the approval of the TSX Venture Exchange. Any warrants that are not exercised prior to the early exercise expiry date will remain outstanding and continue to be exercisable for common shares on their existing terms.

The warrants were originally issued by the company as part of a unit of the company in connection with a private placement financing completed on Sept. 8, 2017.

About Sable Resources Ltd.

Sable owns numerous mineral projects in British Columbia, Canada, Mexico and Argentina 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. In addition to that, Sable's activity in Argentina includes developing the Don Julio high-sulphidation epithermal project in the San Juan province.