Dr. Ruben Padilla reports

SABLE INITIATES FIELD WORK AT THE DON JULIO PROJECT IN SAN JUAN, ARGENTINA

Sable Resources Ltd. has commenced field exploration activities for the 2023-2024 exploration season at the Don Julio project in San Juan, Argentina. All exploration expenditures at Don Julio are fully financed by the earn-in agreement between the company and South32 signed in 2021.

The 2023-2024 exploration season work will focus on target generation along the eastern limits of the Don Julio land package, close to the western margin of Minsud Resources Corp.'s mineral claims, where Minsud and South32 recently discovered the Chinchillones breccia-porphyry target. Target generation work will include mapping, geochemistry and an IP survey along the extension of the Chita Valley within the Don Julio properties.

Dr. Ruben Padilla, Sable's president and chief executive officer, commented: "Targets generated in this field season will be added to the list of known porphyry targets within the Don Julio project and ranked to define drill priorities for the next drilling campaign. This field season will complete the target generation work initiated by Sable in 2018 that has proven the presence of copper-gold porphyry centres along a newly recognized north-northwest lineament of Miocene porphyry systems located along the Chita Valley."

Exploration programs for both Sable and Minsud are financed by South32.

About the Don Julio project

The Don Julio project comprises 69,350 hectares in the Cordillera frontal in San Juan, Argentina. It includes the Don Julio cluster that contains numerous targets of porphyry (La Gringa, Poposa, Amarillo, Punta Cana, Tocota); intermediate sulphidation (Lodo, San Gabriel, Colorado); skarn (Fermin); and the regional properties that include the Los Pumas project as well as extensive unexplored ground. Since 2018, Sable has conducted systematic surface work including mapping, rock sampling, talus sampling, ground magnetics, unmanned aerial vehicle magnetics and induced polarization. Sable performed a first drilling campaign in 2018-2019 with 3,101 m drilled in 11 holes, a second campaign in 2021-2022 comprising 4,294 m in nine holes and a third campaign in 2022-2023 including 5,445 m in 13 holes. In 2021, Sable signed an earn-in agreement with South32 to jointly explore the Don Julio project.

Qualified person

Luis Arteaga, MSc, PGeo, vice-president, exploration, is the company's qualified person as defined by NI 43-101. He has reviewed and approved the technical information in this news release.

About Sable Resources Ltd.

Sable is a well-funded junior grassroots explorer focused on the discovery of Tier 1 new precious metal and copper projects through systematic exploration in endowed terranes located in favourable, established mining jurisdictions. Sable's focus is developing its large portfolio of new greenfields projects to resource level. Sable is actively exploring the San Juan regional program (163,969 ha) incorporating the Don Julio, El Fierro, La Poncha, and Los Pumas projects in San Juan province, Argentina; and the Mexico regional program (1.16 million hectares in application, 39,000 hectares titled) incorporating the Vinata and El Escarpe projects.

About South32 Ltd.

South32 is a globally diversified mining and metals company. The company's purpose is to make a difference by developing natural resources, improving people's lives now and for generations to come. South32 is trusted by its owners and partners to realize the potential of their resources. South32 produces commodities including bauxite, alumina, aluminum, copper, silver, lead, zinc, nickel, metallurgical coal and manganese from its operations in Australia, Southern Africa and South America. With a focus on growing its base metals exposure, South32 also has two development options in North America and several partnerships with junior explorers around the world.

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