Mr. Tom Obradovich reports

SABLE FINALIZES DRILL PLAN AND SIGN DRILL CONTRACT FOR DRILLING AT DON JULIO

Sable Resources Ltd. has finalized a drill plan for the Don Julio high-sulphidation gold project located in San Juan province, Argentina. In addition Sable has also negotiated and signed a drill services agreement with Boart Longyear Argentina SA to conduct the drilling.

A minimum of eight diamond drill holes of up to 450 metres deep for a total of 3,600 metres are planned at Don Julio to test the potential gold levels within the Esperanza and Heaven Hill targets. Drill permits have been approved, access and construction of drill roads are under way, and drilling is planned to commence in October.

The various technical elements supporting Sable's drill plan are as follows.

1. Ages of volcanic and hydrothermal events support Sable's original working hypothesis that the Olivares volcanic centre could represent the southern extension of the El Indio gold belt. Two of the age brackets reported at Don Julio by Sable's new uranium-lead data are in the same age range of the large systems of El Indio (6.5 million annum) and Pascua Lama (8.7 million annum). Two reported older ages by Western Mining are similar to the age of the large gold deposit of Veladero (10 million annum).
2. A good volcanic structure facilitating the ascent of magmas and fluid within the about five-kilometre diameter caldera with permeable rocks, domes and structures forming feeder zones and favourable depositional settings for the hydrothermal fluids.
3. Large outcropping gold anomalous alteration footprints: about 2,000 by 500 metres at Heaven Hill and 2,000 metres by 2,000 m at Esperanza.
4. Interpreted low levels of erosion from textures of the breccias associated to dacitic domes, alteration assemblages geometrical pattern, and geochemistry of gold and mercury.
5. Low level of erosion is permissive for the exploration of concealed ore zones associated with vuggy silica and sulphide gold mineralization below the low-grade gold quartz alunite, dickite and argillic alteration assemblages. Permeable fragmental tuffs, hydrothermal breccias and margins of domes are excellent potential settings for the core zones of mineralized targets.
6. Multimagmatic hydrothermal pulses and the large upper-level alteration footprints enhance the exploration potential.
7. Excellent land control and stable, pro-mining jurisdiction.
8. Drill permits and ground access granted.

"We are pleased to have partnered with an experienced drill operator, knowledgeable in drilling in high-sulphidation systems in the Andean environment," commented Tom Obradovich, president and chief executive officer of Sable Resources. "Our aggressive drill program consists of 750 m spaced drill holes to identify a large mineralized system. With the onset of the Argentine spring we have ample time to execute our planned drill program which we hope will result in our second significant discovery of this year."

About the Don Julio project

The Don Julio project is defined by an extensive five km by five km Miocene lithocap located in the Cordillera frontal of Argentina. The lithocap affects a package of fragmental volcanic rocks intruded by dacitic domes and phreatic breccias associated with and affected by an advanced argillic mineralizing event. A large anomalous precious metal footprint is coincident with the lithocap and associated with the advanced argillic mineralizing event. Field evidence indicates that the erosion level is high with high probability of preservation of a mineralized system. Sable is working in a systematic way to model the hydrothermal up flow zones that will define drill targets at depth. Sable believes Don Julio represents the southern extension of the prolific El Indio-Pascua belt.

Appointment of Andrew Malashewsky as chief financial officer

Sable Resources has appointed Mr. Malashewsky to the position of CFO.

Mr. Malashewsky has over 10 years of finance and accounting experience. He was previously the vice-president of finance for JDS Silver Inc. in which he was a key member of the team which brought the brownfield Silvertip mine project from PEA to producing asset in less than three years. He has further served in various finance and accounting roles in a range of industries including mining, manufacturing and construction management. He holds a bachelor in business administration, and is a chartered accountant and a chartered professional accountant. He was previously the CFO of the company in 2017.

Richard Godfrey will be stepping down as CFO and the company wishes to thank Mr. Godfrey for his efforts over the recent period.

About Sable Resources Ltd.

Sable is a well-financed junior grassroots explorer focused on the discovery of new precious metal projects through systematic exploration in endowed terranes located in favourable, established mining jurisdictions. Sable's main focus is developing its large portfolio of new greenfields projects to resource stage utilizing its upper-level epithermal strategy. Sable is actively exploring the San Juan regional program (48,000 hectares) incorporating the Don Julio project in San Juan province, Argentina, the Mexico regional program (1.5 million hectares), incorporating the Margarita, Vinata and El Escarpe drill-ready projects, and the B.C. intrusion-related program, Canada (13,600 hectares), incorporating the drill-ready Tulox project.

Qualified person

Luis Arteaga, MSc, 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.

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