Mr. Tom Obradovich reports

SABLE RESOURCES LTD. SHARES FOR DEBT

Sable Resources Ltd. has reached an agreement with Cangaroo Capital Corp. and Walter Canadian Coal Partnership to settle debts owing by the company in the aggregate amount of $285,000 in common shares at an issue price of 15 cents per share. Terence Harbort is a principal of one of the creditors and a director of Sable. Any shares issued in connection with the loan settlement will be issued in reliance on prospectus exemptions under applicable securities legislation, and will be subject to a hold period of four months and one day following the date of issuance. The loan settlement is subject to all necessary regulatory approvals, including the approval of the NEX board of the TSX Venture Exchange.

About Sable Resources Ltd.

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-tonne-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.