SAE.V · 2021-02-09 12:00:00

Sable Initiates Drilling at El Fierro Project

Exploration Programs

VANCOUVER, BC,

Feb. 9, 2021

/CNW/ - Sable Resources Ltd. ("Sable" or the "Company") (TSXV:

SAE) (OTCQB: SBLRF) is pleased to announce that it has started its drilling campaign at El Fierro

Project in San Juan,

Argentina

. El Fierro is a historical artisanal silver-rich polymetallic vein mining

district located 250 km northwest of San Juan city and 120 km from Sable's Don Julio Project. Sable

will be the first company to drill the project.

"We are very excited to be the first company to drill such a high-quality asset as El Fierro, and to

start our program on time and within budget. We are looking forward to seeing the core come out

of the ground and to start confirming the three-dimensional footprint of high grade zones," stated

Ruben Padilla

, President and CEO, who added, "Mapping, prospecting, and geophysics continues to

advance at the property and we will provide updates on results when available over the coming

weeks."

The El Fierro drill program will consist of a first phase of

3,000m

, in 21 planned drill holes across

three target areas –

Fierro Bajo

, Fierro Alto and La Verde. Sable plans to expand the program a

further

2,000m

for a total of

5,000m

based on results from the first phase and following the

incorporation of pending surface samples geochemical analysis from soils, outcrops, and new

trenching. The drill program will test grade continuity and vein thickness at depth and along strike

extensions of the high grade vein targets at the three known mineralized zones of the project which

combined represent over 5.5 km of outcropping and sub-cropping veins within an area of 8 x 4 km.

The first area to be tested will be

Fierro Bajo

with 10 shallow holes (

1,400m

) targeting four

mineralized structures between 50 to

100m

downdip (see Figure 1).

Fierro Bajo

consists of at least

four silver-rich veins that returned values of up to 17,531 g/t AgEq (12,181 g/t Ag; 5.67% Pb; 1.6%

Cu; and 0.2%Zn Grab Sample).

At Fierro Alto, six drill holes (totalling

900m

) are planned to test the main structures (F and G veins)

over a strike length of

600m

at depths between 50 and

100m

downdip (see Figure 2). Structures at

Fierro Alto returned values as high as 1,946.50 g/t AgEq (1,070 g/t Ag; 20% Pb; 0.38 g/t Au;

1.003% Zn; and 1.33% Cu.

0.25m

Channel Sample).

Finally, at La Verde the Company will drill seven short holes (totalling

700m

) testing the

mineralization to

50m

depth on the three veins that are currently known (see Figure 3). La Verde

samples have returned some of the highest grades within the project, with values up to 2.582 g/t

AgEq (784g/t Ag; 16.7 g/t Au; 3.42% Pb; 0.3% Zn; and 0.3% Cu. Grab Sample).

The Company notes that selected grab samples noted above are not necessarily representative of

the mineralization hosted at El Fierro. Channel samples are always taken perpendicular to

structures and therefore represent true width. Maps associated with this press release will be

available on Sable's website (

www.sableresources.com

). Silver equivalent (AgEq) is calculated

based on 100% recovery and prices of USD 17.89 per oz for silver; USD 1,500 per oz for gold; USD

0.86 per pound for lead; USD 1.08 per pound for zinc; and USD 2.80 per pound for copper.

Figure 1. Proposed drill hole locations for El Fierro Bajo (CNW Group/Sable Resources Ltd.)

Figure 1. Proposed drill hole locations for El Fierro Bajo

Figure 2. Proposed drill hole locations for El Fierro Alto (CNW Group/Sable Resources Ltd.)

Figure 2. Proposed drill hole locations for El Fierro Alto

Figure 3. Proposed drill hole locations for La Verde zone (CNW Group/Sable Resources Ltd.)

Figure 3. Proposed drill hole locations for La Verde zone

Sable is providing an opportunity for shareholders and other interested parties to participate in a

Webinar to be held at 4 pm ET on

Thursday, February 11

, 2021. To register, please click on the

following link -

https://zoom.us/webinar/register/WN_URz_XUmoQQ-ldqzArzFYjg

ABOUT EL FIERRO PROJECT

The El Fierro Project is located 250 km northwest of San Juan,

Argentina

and 120 km north of

Sable's Don Julio Project in one of the best-known historical mining districts in the San Juan

province. The El Fierro Project consists of three main known mineralized areas - Fierro Alto,

Fierro

Bajo

, and La Verde over an area of 8km x 4km. The three areas host a number of old artisanal

mining workings where silver, lead and zinc were intermittently mined since the late 1800's until the

1960s decade; the property has never been drilled. Sable currently controls 46,391 hectares

covering all the historically mineralized areas and additional highly prospective ground over a large

magnetic anomaly.

ABOUT SABLE RESOURCES LTD.

Sable is a well-funded junior grassroots explorer focused on the discovery of new precious metal

projects through systematic exploration in endowed terranes located in favorable, established mining

jurisdictions. Sable's main focus is developing its large portfolio of new greenfields projects to

resource level. Sable is actively exploring the San Juan Regional Program (109,055 ha)

incorporating the Don Julio, El Fierro, and los Pumas Projects in San Juan Province,

Argentina

; and

the Mexico Regional Program (1.16Mha in application, 39,000ha titled) incorporating the Vinata and

El Escarpe projects.