Mr. Tom Obradovich reports

SABLE RESOURCES ANNOUNCES NON-BROKERED PRIVATE PLACEMENT

Sable Resources Ltd. has arranged an offering, by way of a non-brokered private placement, of up to 2.5 million flow-through units at a price of 20 cents per unit, for aggregate gross proceeds of up to $500,000.

Each unit will consist of one flow-through common share of the company and one common share purchase warrant. Each warrant will entitle the holder thereof to acquire one common share of the company (which will not be a flow-through common share) at an exercise price of 30 cents until one year from the date of issuance.

The gross proceeds of the offering will be used by the company to incur Canadian exploration expenses on its properties located in Canada. The company will renounce the qualifying expenditures with an effective date of not later than Dec. 31, 2017.

The closing of the offering is expected to occur on or about June 24, 2017, and is subject to the completion of formal documentation and the approval of the NEX board of the TSX Venture Exchange. Pursuant to Canadian securities laws, any securities issued in the offering will be subject to a hold period of four months plus one day from the date of issuance.

The company would also like to take this opportunity to update shareholders with respect to outstanding B.C. Ministry of Energy and Mines orders related to the Baker property. The Baker tailings storage facility (TSF) has been the subject of several outstanding orders as mentioned in the company's Nov. 16, 2016, press release. Over the winter, the ministry contracted Norwest Corp. as engineering consultants to undertake a dam safety review (DSR) of the company's TSF. The DSR was financed by a portion of the company's reclamation bond posted for the facility. The unused portion of the reclamation bond will remain posted as reclamation security for the site. The company has had productive discussions with the ministry to co-operate and correct outstanding orders and on May 29, 2017, received communication from the ministry accepting the company's proposed work program. The program will consist of a dam breach and inundation study, a geotechnical investigation composed of drilling, and design and construction of engineered surface water diversion channels and emergency spillways. The company believes it is well financed to complete the required activity and has retained Tetra Tech Inc. and Chu Cho Industries LP to carry out engineering and construction activities associated with the program.

About Sable Resources Ltd.

Sable owns the Baker 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.