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File: SAE PR 20180116.pdf

                                                                               PRESS RELEASE
                                                                       FOR IMMEDIATE RELEASE


SABLE TO INITIATE DRILLING ON MARGARITA PROJECT

January 16, 2018 (Vancouver, BC): Sable Resources Ltd. ("Sable" or the "Company") (TSXV: SAE) is
pleased to announce that positive results from field work carried on its Margarita Project late last year has
motivated the company to initiate a two phase drill program to test the 1.7 kilometer structure.

The Margarita Project (the "Project") consists of partially outcropping silver bearing epithermal quartz veins
on two mining exploration licenses totaling 125 hectares of ground with an approximate strike length of 1.7
kilometers, and is fully surrounded by Sunshine Silver Mine Corporation's Los Gatos Project. The Los Gatos
deposit contains measured and indicated resource of 9.2 million Tonnes grading 289 ppm silver, 5.7% zinc,
2.8% lead, and 0.36 ppm gold for a resource of 178 million ounces silver-equivalent (Sunshine Silver Mining
and Refining website published 43-101 report titled: Feasibility Study of the Cerro Los Gatos Silver-Zinc-Lead
Deposit Los Gatos Project, January 2017). Sable has entered a definitive option agreement (the "Agreement")
to obtain a 100% interest in the Project as previously disclosed in the Company's June 2, 2017 news release.

Surface sampling consisted of forty four (44), one-meter channel samples (the "Samples") of exposed vein
material at various locations. Twenty nine (29) of the 1-meter surface channel samples returned significant
silver values greater than 100 g/t ranging in value from 106 to 909 g/t silver. The Samples were also highly
anomalous in gold (Au to 479 ppb), lead (Pb to 3,770 ppm), zinc (Zn to 11,500 ppm), arsenic (As to 238 ppm)
and antimony (Sb to 932 ppm).

Based on these results, a planned drill program is planned to commence during the first quarter 2018 subject to
gaining required permitting. The initial drill program will consist of a two phase, 11 diamond drill hole program
totalling 4,025 meters and test the vein structures at depths between 200 and 400 meters. Company geologists
interpret potential for a high-grade precious metal horizon below the current surface Samples based on low
temperature silica textures at surface combined with precious metal values and elevated arsenic and antimony
values indicating a position in the upper levels of an epithermal system.

President and CEO Tom Obradovich stated, "We are pleased with these high-grade results considering that
silica textures observed indicate we are in the very top of a high-grade vein system. We will be targeting this
zone below the upper level in our drilling program which will be expanded if successful in Phase 1 and 2."

About Sable Resources Ltd.

Sable owns numerous mineral projects in British Columbia, Canada and Mexico including 142 square
kilometers of mineral tenure and mining leases in the Toodoggone mining district of north-central British
Columbia which hosts the past-producing Baker and Shasta mines, and the 250-ton-per-day Baker mill and
tailings facility.

Sample preparation was carried out by ALS Chemex de Mexico S.A. de C.V., a subsidiary of ALS Minerals,
at their laboratory at Chihuahua, State of Chihuahua, Mexico. Analyses were carried out at their laboratory in
North Vancouver, British Columbia, Canada. Sample preparation was by drying in an oven at a maximum
temperature of 60degreeC, fine crushing of the sample to at least 70% passing less than 2 mm, sample splitting using
a riffle splitter, and pulverizing a 250 g split to at least 85% passing 75 microns (code PREP-31).

Gold was analyzed by fire assay of a 30 g sample split with detection by atomic absorption spectrophotometer
(AAS) (code Au-AA23). Multielements were analyzed by a four acid, near total digestion of a 1 gram sub-
 sample with detection by inductively coupled plasma atomic emission spectrometer (ICP-AES) for 33 elements
(Ag, Al, As, Ba, Be, Bi, Ca, Cd, Co, Cr, Cu, Fe, Ga, K, La, Mg, Mn, Mo, Na, Ni, P, Pb, S, Sb, Sc, Sr, Th, Ti,
Tl, U, V, W, Zn) (code MEICP61).

Luis Arteaga (B.Sc) P. Geo. Exploration Manager for Sable Resources and the Company's Qualified Person as
defined by NI 43-101 has reviewed and approved the technical information in this news release.

This digestion method dissolves most minerals but not all elements are quantitatively extracted in some sample
matrices. Mercury was analyzed by aqua regia digestion, cold vapour extraction, and AAS detection with a
lower limit of detection of 0.01 ppm (code Hg-CV41), or by inductively coupled plasma mass spectrometer
(ICP-MS) with a lower limit of detection of 0.005 ppm (code Hg-MS42).

We seek safe harbor

For more information:

Tom Obradovich, President & CEO
tobradovich@sympatico.ca
Tel (416) 985-7140
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 Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.