SAE.V · 2023-12-22 12:00:00

Sable Provides End of Year Exploration Update from 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 End of Year Exploration Update from

Don Julio Project in San Juan, Argentina

VANCOUVER, CANADA – December 22, 2023 - Sable Resources Ltd. ("Sable" or the " Company")

(TSXV:SAE | OTCQB:SBLRF) is pleased to provide an update on the most recent exploration activities

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

are fully funded under the Earn-In Agreement between the Company and South32, signed in 2021.

Highlights

• 21 km of IP survey were completed along the Chita Valley, obtaining two new chargeability

anomalies that have become direct drilling targets.

• Detailed mapping and sampling was initiated at the Tocota porphyry target. Partial results from

rocks samples reported up to 4.05 g/t Au; 30.9 g/t Ag; and 0.1% Cu and 1.52 g/t Au; 66.8 g/t Ag;

and 0.26% Cu.

• A soil grid of 628 samples was completed at the Tocota porphyry target, with results expected

mid-January.

Tocota Porphyry Target

The Company has completed the road access to the Tocota porphyry target and initiated detailed

mapping of the area. Results have been received for new rock samples collected during the month of

November. Highlighted values include up to 4.05 g/t Au; 30.9 g/t Ag; and 0.1% Cu in a vuggy silica

float; and 1.52 g/t Au; 66.8 g/t Ag; and 0.26% Cu in a silica sulphate structure with evidence of

advanced argillic alteration. These two samples are located 1.3 and 1.9 km from the main Tocota

porphyry veinlets zone opening possibilities for new mineralized areas. These new areas were never

sampled before due to difficult access.

Figure 1. Location of new anomalous samples with respect to the main veinlets zone of Tocota

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Additional to the mapping and prospection, the Company completed a soil grid of 628 samples at the

Tocota porphyry target to better understand the distribution of Au -Cu anomalies and to get

geochemical information from heavily covered areas. The samples have been submitted to ALS and

are currently being analyzed with results expected by mid- January.

Figure 2. Soil grid completed at the Tocota porphyry (results pending)

Chita Valley IP Survey

The Company recently completed 21 km of IP survey along the Chita Valley from La Gringa zone to

the eastern limit of the property, obtaining two new chargeability anomalies that have become direct

drilling targets. These new IP anomalies are mostly covered by quaternary gravels and show values

up to 50 mv/v. The most eastern anomaly is located 3.2 km east of the nearest drill hole showing the

significant potential that the Company has opened with this survey.

Dr. Ruben Padilla stated, “Our team is very pleased with the recent technical developments at Don

Julio. This work will greatly assist with a proper delineation of the Tocota porphyry target for drilling

in 2024 and the new geophysical anomalies add exploration potential to the existent Gringa, Poposa,

and Punta Cana porphyry targets.”

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Figure 3. Location of IP lines acquired last month with respect to the Gringa and Poposa porphyry

targets. The lower section shows the geometry and intensity of the two new IP anomalies.

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Grant of Options and Restricted Share Units

The Company also reports that it has granted an aggregate of 3,900,000 options to purchase common

shares of the Company to directors, officers, employees and consultants in accordance with the

Company's stock option plan. The options granted are exercisable at $0.07 for a period of five years.

The Company has also granted an aggregate of 1,300,000 restricted share units to certain officers of

the Company, such restricted share units vesting equally over three years on the first, second and

third anniversaries.

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); 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 South32 to jointly explore the Don Julio project.

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 holes

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 (163,969 ha)

incorporating the Don Julio, El Fierro, La Poncha, 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.

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ABOUT SOUTH32

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

South32 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 o n growing its base metals exposure, South32 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