Received by email:

File: Aug92016.doc

 
PRESS RELEASE
FOR IMMEDIATEW RELEASE
            

Sable Resources Ltd - Private placement and corporate update

Vancouver, British Columbia, August 9, 2016  -  Sable Resources Ltd. (TSX-NEX SAE.H) (the "Company" "Sable") wishes to
---> announce a private placement financing of up to CAD$500,000 (the "Offering") by issuing 10,000,000 shares at a price 
--->of CAD$0.05 per share, subject to regulatory approval.  A finders fees may be payable in connection with part of the O
--->ffering. 

The proceeds of the Offering will be used for a proposed 100m diamond drill exploration program of the Company's Toodo
--->ggone property; for geotechnical investigation and upgrades to the Baker tailings storage facility located at the Bake
--->r mill site; and for general working capital.

Exploration fieldwork for a phase 1 geological and alteration mapping program on the Baker mine is complete, and will 
--->assist the Company's efforts to select future drill targets.   

The Company wishes to disclose that it has received correspondence from the British Columbia Ministry of Energy and Mi
--->nes (the "Ministry") with regard to outstanding work required at the Company's Baker tailings facility.  The Company i
--->s working with the Ministry to resolve the issue and will update shareholders as information arises.

The Company also wishes to disclose as a result of third party enquiries, that it has entered into multiple Confidenti
--->ality Agreements with major exploration/mining companies on Sable's Toodoggone property.  The key focus of these explo
--->rers is the bulk tonnage copper-gold porphyry systems which the Toodoggone district is known for as exemplified by the
---> past producing Kemess mine owned by Aurico Metals Inc. ("Aurico") located 40 km to the south of Sable's property.

About Sable Resources Ltd.
Sable owns the Toodoggone gold project comprising 66 square kilometers 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 lo
--->cated in north-central British Columbia, Canada and is road accessible.

We seek safe harbor

For more information:

Melvyn Rahal, President & CEO
mmr@sableresources.com
Tel (604) 986-8566
Or visit http://www.sableresources.com  

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Vent
--->ure Exchange) accepts responsibility for the adequacy or accuracy of this release.