Mr. Ruben Padilla reports
SABLE ANNOUNCES ADOPTION OF NEW EQUITY INCENTIVE PLAN
Sable Resources Ltd. shareholders provided near unanimous approval of a new omnibus equity incentive plan at the company's annual general and special meeting of shareholders held earlier today. All other matters advanced at the meeting, including setting the board at five members, re-election of directors and appointment of BDO Canada LLP as auditor, were also approved near unanimously.
The company adopted the equity incentive plan to provide more flexibility than that provided under the previous stock option plan and restricted share unit plan of the company. The equity incentive plan provides the company with a choice of options, restricted share units, performance share units and deferred share units for grant. Like the legacy plans, the equity incentive plan is a rolling plan which, subject to the adjustment provisions provided for therein, provides that the aggregate maximum number of shares that may be issued upon the exercise or settlement of awards granted under the equity incentive plan shall not exceed 10 per cent of the company's issued and outstanding common shares at the time of grant.
Further details on the equity incentive plan, including a copy thereof, can be found in the management information circular of the company dated Nov. 5, 2025, which is available on the company's website and under the company's issuer profile on SEDAR+.
The legacy plans will continue to govern outstanding options and restricted share units previously granted under such plans, but no new awards will be granted thereunder.
About Sable Resources Ltd.
Sable is a well-financed 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 hectares) incorporating the Don Julio, El Fierro and Cerro Negro projects in San Juan province, Argentina, and the Copper Queen (15,133 ha), Copper Prince (3,980 ha) and Core Mountain (1,925 ha) properties in British Columbia.
We seek Safe Harbor.
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