Mr. Ruben Padilla reports

SABLE ANNOUNCES C$1.75 MILLION PRIVATE PLACEMENT WITH MOXICO RESOURCES

Moxico Resources PLC has agreed to acquire a 9.9-per-cent ownership stake in Sable Resources Ltd. through the purchase of 31.8 million common shares at 5.5 cents per share for a total subscription of $1,749,000, subject to the terms and conditions of a subscription agreement entered into between the company and Moxico on the date hereof. Moxico is an unlisted public mining company headquartered in the United Kingdom. As previously announced, the company and its subsidiary entered into a binding letter agreement with Moxico that granted Moxico an exclusive option to acquire 51 per cent of the company's El Fierro project and Cerro-Negro property, subject to certain exploration and expenditure terms. See the company's press release dated Feb. 27, 2025, for additional details about Moxico and this option transaction.

Ruben Padilla, Sable's president and chief executive officer, stated, "We are very pleased with Moxico's support of Sable's San Juan projects and the company's strategy."

Alan Davies, Moxico's chief executive officer, stated, "We are very pleased to make this strategic investment in Sable, who is an excellent operating partner of Moxico's in San Juan."

Pursuant to the terms of the subscription agreement and subject to completion of the private placement, Sable has also agreed to grant Moxico customary participation and anti-dilution rights to enable Moxico to maintain its pro rata equity interest in the company for so long as Moxico maintains a minimum ownership threshold.

The private placement is expected to close the first week of July, 2025, and is subject to certain closing conditions, including, but not limited to, the receipt of all necessary approvals, including the conditional listing approval of the TSX Venture Exchange. The shares issued under the private placement will be subject to a four-month hold period from the date of issue, in accordance with applicable securities laws.

The proceeds from the private placement will be used by the company for exploration, working capital and general corporate purposes.

About Sable Resources Ltd.

Sable is a well-financed junior grassroots explorer focused on the discovery of new Tier 1 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 hectares) incorporating the Don Julio, El Fierro and Cerro Negro projects in San Juan province, Argentina, and the Copper Queen (15,133 hectares), Copper Prince (3,980 hectares) and Core Mountain (1,925 hectares) properties in British Columbia.

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