SAE.V · 2024-05-14 12:00:00

Sable Options Perk-Rocky Copper-Gold Porphyry Project in BC Canada

Mergers & Acquisitions Property Options & Staking

SABLE RESOURCES LTD.

900 – 999 West Hastings Street

Vancouver, British Columbia

V6C 2W2 Canada

TSXV | SAE OTCQB | SBLRF

Sable Options Perk-Rocky Copper-Gold Porphyry Project in BC Canada

VANCOUVER, CANADA – May 14, 2024 - Sable Resources Ltd. ("Sable" or the "Company") (TSXV: SAE

| OTCQB: SBLRF) is pleased to announce that it has entered into an option agreement to acquire a

100% interest in the Perk -Rocky Project located 225km west of Williams Lake, British Columbia,

Canada (“Perk-Rocky” or the “Project”).

Perk-Rocky is a porphyry copper -gold exploration project comprising 10,475 Ha of mineral claims

located at the suture between Stikine equivalent volcanic Terrane and younger coast range

intrusives. The Project also lies within a regional structural belt that hosts the New Prosperity, IKE

and Empress porphyry deposits and porphyry related projects as well as the historical high-grade

Bralorne gold mine which collectively highlight the mineral endowment and prospectivity of this

mineralized belt. Perk-Rocky is centered around a large porphyry style alteration zone of at least

8km by 5km that includes multiple mineral occurrences such as the Briton prospect (Fe), Rya,

Perkins Peak, Chilco and neighbouring showings (Cu -Au). Despite the significant alteration and

mineralization present, the Project has only seen very limited exploration including short campaigns

of talus and rock sampling, an airborne VTEM and magnetic survey, and only 2,049 metres of drilling

in 2021. Subsequent multi-band WorldView-3 satellite work has further enlarged the interpreted

lithocap size.

Dr. Ruben Padilla, President and CEO of Sable commented, “Perk-Rocky’s metallogenic setting, large

surface footprint, favourable erosional level and alteration style, and geochemical signature align

with Sable’s objective of discovering large porphyry Cu-Au deposits. In addition to having at least

three locations reporting outcropping Cu-Au porphyry mineralization and very good access, Perk -

Rocky is also a good project from an operational point of view as we can advance it during the time

of the South America winter when we reduce field activities in Argentina.”

Terms of Option Agreement

Sable can earn a 100% interest in the Perk-Rocky Project by completing the following payments to

the vendors:

• CAD$100,000 upon signing the option agreement; and issuance of 500,000 Sable common shares

on receipt of TSX Venture Exchange approval;

• CAD$150,000 on or before the first anniversary;

• CAD$225,000 on or before the second anniversary;

• CAD$250,000 on or before the third anniversary;

• CAD$500,000 on or before the fourth anniversary; and

• CAD$775,000 on or before the fifth anniversary.

Following earn-in to 100% ownership in the Project, milestone payments are payable as follows:

• US$650,000 in the event Sable files a National Instrument 43-101 (“NI 43-101”) technical report

that includes a mineral resource on the Project.

-2-

• US$1,500,000 in the event Sable files a Preliminary Economic Assessment (as defined in NI 43 -

101) on the Project.

• US$2,000,000 in the event Sable completes a Feasibility Study on the Project; and

• US$5,000,000 in the event Sable proceeds with commercial production at the Project.

The vendors retain a 3.0% NSR, which Sable can buydown to 1.0%.

The Agreement is subject to the approval of the TSX Venture Exchange.

QUALIFIED PERSON

Luis Arteaga M.Sc. P.Geo., Vice President Exploration is the Company's Qualified Person as defined by

NI 43-101. He has reviewed and approved the technical information in this news release.

ABOUT SABLE RESOURCES LTD.

Sable is a well-funded junior grassroots explorer focused on the discovery of Tier-One 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 ha)

incorporating the Don Julio, El Fierro, and Los Pumas Projects in San Juan Province, Argentina; and

the Mexico Regional Program (1.6Mha in application, 26,373ha titled) incorporating the Vinata and El

Escarpe projects.

For further information, please contact:

Ruben Padilla, President & CEO at [email protected] or +1 (520) 488-2520