FOR IMMEDIATEW RELEASE Sable Resources Ltd – $750,000 Private placement

PRESS RELEASE FOR IMMEDIATEW RELEASE

Sable Resources Ltd – $750,000 Private placement

Vancouver, British Columbia, October 20, 2016 - Sable Resources Ltd. (TSX-NEX SAE.H) (the “Company” “Sable”) is pleased to announce a non-brokered private placement financing of CAD $750,000 (the “Offering”) by issuing 10,000,000 units at a price of $0.075 per unit. Each unit will consist of one common share and one-half of one non-transferable share purchase warrant. Each warrant will entitle the investor to purchase one additional common share with a term of one (1) year at an exercise price of $0.10.

No commissions or fees are payable in connection with this financing. The net proceeds of this Offering will be used for debt settlement and for general working capital requirements.

The financing is subject to the acceptance of the NEX board of the TSX Venture Exchange. The securities issued by the Company in connection with this financing are subject to a 4-month "hold period" from the date of distribution, as prescribed by the policies of the TSX Venture Exchange and applicable securities laws

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 located in north-central British Columbia, Canada and is road accessible.

We seek safe harbor

For more information:

Melvyn Rahal, President & CEO [email protected] Tel (604) 986-8566 Or visit http://www.sableresources.com

Neither NEX Board, 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.