Mr. Tom Obradovich reports

SABLE RESOURCES LTD CLOSES PRIVATE PLACEMENT

Sable Resources Ltd. has closed the private placement financing previously announced on Dec. 16, 2016, raising $244,200 by issuing 1,628,000 common shares at a price of 15 cents per share. All shares issued have a hold period expiring May 1, 2017. Of the offering, $120,000 was raised by the issuance of 800,000 non-flow-through common shares and $124,200 was raised by the issuance of 828,000 flow-through common shares.

Proceeds from the flow-through portion of the offering will be used for settlement of expenses that qualifies as Canadian exploration expense (as defined in the Income Tax Act (Canada)) on the company's Canadian properties and will renounce such expenditures that do so qualify to purchasers of the flow-through shares. Proceeds of from the non-flow-through portion of the offering will be used for settlement of debt and general working capital.

About Sable

Sable owns the Toodoggone gold project, comprising 66 square kilometres of mineral tenure and mining leases, including the past-producing Baker and Shasta mines, and the 250-ton-per-day Baker mill and tailings facility. The project is located in north-central British Columbia, Canada, and is road accessible.

We seek Safe Harbor.