Financing Arranged

PRESS RELEASE FOR IMMEDIATE RELEASE

Financing Arranged

Vancouver, British Columbia, Canada, April 23, 2012

Sable Resources Ltd. (TSX.V: SAE) is pleased to announce that it has arranged a private placement for up to $500,000 in the form of convertible debentures. The debentures will be for a period of two years, bear interest at the rate of 10% and may be converted by the holder at any time during the two year period at a price of $0.15 per share. A commission of 10% will be paid on a portion of the financing.

Proceeds of this financing will be used for working capital as the Company begins mobilizing crews to commence its mining operations. The financing is subject to regulatory approval.

About Sable Resources Ltd

Since 1989, Sable has focused on the Toodoggone Gold/Silver Project ‐ mining and producing gold and silver from the Shasta and Baker properties. Operations have been from surface workings and underground developments on both properties. The mine and mill are permitted by the Province of British Columbia to produce at a rate of 250 ton‐per‐day. The Baker Mill was commissioned for DuPont of Canada in 1980 by Kilborn Engineering (Vancouver). The mill allows the production of either a flotation concentrate to be exported for additional refining, or on‐site production of gold and silver dore bars.

Melvyn Rahal, President & C.E.O.

[email protected] Tel: (604) 685-8565 Fax: (604) 685-7625 1290 – 625 Howe Street, Vancouver, BC V6C 2T6 Or visit http://www.sableresources.com/

Neither the TSX Venture Exchange nor its Regulator Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or the accuracy of this release.