SAE.V · 2024-04-02 12:00:00

Sable Provides 2023-2024 Field Season Exploration Update for Don Julio Project in San Juan, Argentina

Exploration Programs

SABLE RESOURCES LTD.

900 – 999 West Hastings Street

Vancouver, British Columbia

V6C 2W2 Canada

TSXV | SAE OTCQB | SBLRF

Sable Provides 2023-2024 Field Season Exploration Update

for Don Julio Project in San Juan, Argentina

VANCOUVER, CANADA – April 2, 2024 - Sable Resources Ltd. ("Sable" or the "Company") (TSXV:SAE

| OTCQB:SBLRF) is pleased to provide an update on the just completed 2023- 2024 field season at

the Don Julio Project in San Juan, Argentina (“Don Julio” or the “Project” ). All exploration

expenditures at Don Julio are fully funded under the Earn-In Agreement between the Company and

a subsidiary of South32 Limited (“South32”), signed in 2021.

Highlights

• US$1.2M invested this season for surface fieldwork at Don Julio.

• 507 rock samples were collected during the season (Figure 1) with all samples having been

received and analyzed for gold, multi-elements, and spectral signature.

• 628 soil samples were collected over the Tocota target with results showing good coincidence of

Cu with the outcropping mineralization and interesting anomalies of Mo, Bi, As, and Te located

NW of the porphyry zone and at higher elevation. These pathfinder anomalies suggest extension

of the known mineralization towards the NW at depth. The soil anomalies and the observed

porphyry mineralization coincide with a very strong, vertical magnetic anomaly.

• Detailed structural mapping has defined the main structures within the Project and target zones

with favourable structural preparation.

• A 21 km IP survey was conducted along the main Chita valley obtaining two new chargeability

anomalies.

• Colorado, a new drilling target has been generated after combining new geophysical data with

historical field observations.

• The Poposa target where the C ompany drilled holes DJ-DH-22-01, 02, and 03 in 2022 has been

expanded to include the Morro zone where new interesting surface observations suggest the

presence of a porphyry system at depth.

• Geological mapping has covered some existent gaps, and the geology team has reviewed

WorldView3 anomalies generated in the last field season (2022/2023). All targets are drill ready

for next season and the Company is advancing on the workplan and budget with a subsidiary of

South32 in accordance with the terms of the Earn-In Agreement.

Dr. Ruben Padilla , Sable’s President, and CEO, commented, “We a re very pleased with the work

completed this season at Don Julio. Our focus this year on field work has allowed us to better

understand the geology and mineral potential of Don Julio. With a cluster of four potential Miocene

porphyry centers in an area of ~7 x 6 km including La Gringa, Morro-Poposa, Tocota, and Punta Cana,

we’re now moving forward with defining the 2024/2025 budget and objectives for our next drilling

campaign.”

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Figure 1. Distribution of rock sampling collected this season at Don Julio (blue)

vs rock sampling from previous seasons (yellow).

Rock sampling and mapping this season was focused outside of the known lithocap, on the e astern

portion of the Project, which has been historically less explored. Detailed mapping and rock sampling

at the Tocota target revealed the association of the mineralized veinlets with a diorite intrusion which

shows a strong magnetic anomaly. The soil sampling confirmed the possibility of additional

concealed mineralization to the NW underneath rocks with strong pathfinder anomalies such as Mo,

As, Sb, Te, Bi, S (Figure 2).

The IP lines acquired along the main Chita valley revealed two new chargeability anomalies: Gringa

NE, and Colorado. While Gringa NE is an interesting low-angle IP feature dipping to the East; Colorado

is a very strong, vertical, dome -shaped IP anomaly covered by Quaternary gravels at 4,100 m.a.s.l.

The Colorado IP anomaly seems to be connected with the previously known Colorado breccia; a

magmatic hydrothermal breccia outcropping at 4,900 m.a.s.l. which contains mineralized porphyry

fragments and is strongly affected by advanced argillic alteration, and that has returned values up to

3.9% Cu and 13 g/t Au (Figure 3). The new Colorado chargeability anomaly is located 3.2km east of

the nearest drill hole, considerably extending the size of the hydrothermal system. The lower

elevation of the geophysical feature (4,100) would allow drilling in a much better position.

Figure 2. Soil grid over the Tocota porphyry target showing Cu anomalies coincident with porphyry veinlets observed on surface and some pathfinders

anomalies present NW of the veinlets zone at higher elevation suggesting mineralization at depth.

Figure 3. Panoramic view and amin elements of the Colorado target.

The Poposa target where the Company drilled three holes in 2022 (DJ-DH-22-01, 02, 03) has been

integrated with the Morro zone where historical hole ATW -05 was drilled vertically into a large

diatreme breccia system which contains fragments of biotite altered rocks; also, at Morro multiple

hydrothermal breccias with fragments of porphyry veinlets were found outcropping in proximity to

the mentioned diatreme. The combination of these new and historical observations indicates the

presence of a porphyry system that has not been tested yet and will be an integral part of our next

drilling campaign (Figure 1).

Webinar

Sable’s President and CEO, Ruben Padilla, will be providing an exploration update discussing the

2023 / 2024 exploration season. The webinar, hosted by Adelaide Capital, is scheduled for

Thursday, April 4, 2024, at 4:15pm EDT.

https://us02web.zoom.us/webinar/register/WN_HnK4qFP8Tx6T5k4U1m7f6Q

ABOUT THE DON JULIO PROJECT

The Don Julio project comprises 69,350 hectares in the Cordillera Frontal in San Juan, Argentina. It

includes the Don Julio cluster that contains numerous targets of porphyry (La Gringa, Poposa,

Amarillo, Punta Cana, Tocota, Colorado ); intermediate sulfidation (Lodo, San Gabriel, Colorado);

skarn (Fermin); and the regional properties that include the Los Pumas project as well as extensive

unexplored ground. Since 2018, Sable has conducted systematic surface work including mapping;

rock sampling; talus sampling; GroundMag; UAV-Mag; and induced polarization. Sable performed a

first drilling campaign in 201 8-2019 with 3,101m drilled in 11 holes , a second campaign in 2021 -

2022 comprising 4,294m in 9 holes, and a third campaign in 2022 -2023. In 2021, Sable signed an

Earn-In agreement with a subsidiary of South32 to jointly explore the Don Julio project.

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SAMPLE PREPARATION AND QA/QC

Sample preparation for projects in Argentina is carried out by ALS Chemex Argentina, a subsidiary of

ALS Minerals, at its facility located in Mendoza, Argentina. Analyses are carried out at their laboratory

in Lima, Peru. Sample preparation includes drying in an oven at a maximum temperature of 60°C,

fine crushing of the sample to at least 70% passing less than 2 mm, sample splitting using a riffle

splitter, and pulverizing a 250 g split to at least 85% passing 75 microns (code PREP-31). The samples

contained in this press release were analyzed by methods Au -AA24 (Fire Assay Fusion and Atomic

Absorption Spectrometry finish) and ME-MS61 (Four Acid Digestion with Mass Spectrometry finish);

the latter one includes 48 elements (Al, Ag, As, Ba, Be, Bi, Ca, Cd, Ce, Co, Cr, Cs, Cu, Fe, Ga, Ge, Hf, In, K,

La, Li, Mg, Mn, Mo, Na, Nb, Ni, P, Pb, Rb, Re, S, Sb, Sc, Se, Sn, Sr, Ta, Te, Th, Ti, Tl, U, V, W, Y, Zn, Zr). Both

digestion methods dissolve most minerals but not all elements are quantitatively extracted in some

sample matrices. Control samples (standards, blanks, and duplicates) are inserted systematically, and

their results evaluated according to the Company protocols.

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 favorable,

established mining jurisdictions. Sable's focus is develo ping its large portfolio of new greenfields

projects to resource level. Sable is actively exploring the San Juan Regional Program ( >130,000 ha)

incorporating the Don Julio, El Fierro, and Cerro Negro projects in San Juan, Argentina.

ABOUT SOUTH32 LIMITED

South32 Limited is a globally diversified mining and metals company. The company’s purpose is to

make a difference by developing natural resources, improving people’s lives now and for generations

to come. South32 Limited is trusted by its owners and partners to realise the potential of their

resources. South32 Limited produces commodities including bauxite, alumina, aluminium, copper,

silver, lead, zinc, nickel, metallurgical coal, and manganese from its operations in Australia, Southern

Africa, and South America. With a focus on growing its base metals exposure, South32 Limited also

has two development options in North America and several partnerships with junior explorers

around the world.

For further information, please contact:

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