Sable Receives >10,000 g/t Ag Sample from El Fierro

Sable Receives >10,000 g/t Ag Sample from El

Fierro

VANCOUVER, BC,

July 28, 2020

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

SAE) is pleased to announce that it has received first results from preliminary confirmation sampling

at its recently optioned El Fierro project in San Juan Argentina.

Results from the 14 samples collected during Sable's first field visit to the property returned high

grades of Ag in excess of the 10,000g/t analytical detection limit, with Pb up to 6.42%, and Cu up to

1.6% at the Fierro Bajo zone and Ag up to 360 g/t, Au up to 6.2g/t, Pb in excess of the 20%

detection limit and Zn in excess of the 30% analytical detection limit at Fierro Alto zone. 11 of the 14

samples returned greater than 100g/t Ag. The table below shows the results for the economically

important elements:

Table 1 (CNW Group/Sable Resources Ltd.)

Ruben Padilla

, President and CEO of Sable stated, "We are very pleased with these first results

that demonstrate the existence of very high-grade silver ore shoots at El Fierro. These results

confirm that a very strong mineralised system is present at El Fiero. We are also greatly

encouraged with the high gold values as gold was never assayed historically at El Fierro. We are

looking forward to providing additional results from the ongoing El Fierro exploration program in the

near term."

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 two known main mineralized areas, Fierro Alto and Fierro

Bajo over a trend of 6km. Both areas host a significant number of old 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 recently signed two option agreements covering 6,054 hectares and

the Company controls all the historically known mineralized zones at El Fierro (see

May 14, 2020

press release). The following maps show the location of samples within Sable's property and

distribution of values at Fierro Alto and Fierro Bajo zones.

Figure 1. Location of the Fierro Bajo and Fierro Alto within Sable controlled properties (CNW

Group/Sable Resources Ltd.)

Figure 2. Distribution of received samples at Fierro Alto target (CNW Group/Sable Resources Ltd.)

Figure 3. Distribution of received samples at Fierro Bajo target (CNW Group/Sable Resources Ltd.)

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 stage utilizing their Upper Level Epithermal Strategy. Sable is actively exploring the San

Juan Regional Program (68,718ha) incorporating the Don Julio Project and the El Fierro Project in

San Juan Province,

Argentina

; the Mexico Regional Program (1.16Mha in application, 39,000ha

titled) incorporating the Margarita, Vinata and El Escarpe projects; and the Scorpius Project in

Ayacucho,

Peru

.

Related link:

sableresources.com

Neither the TSX Venture Exchange nor its Regulation Services Provider, as that term is defined in

the policies of the TSX Venture Exchange, accepts responsibility for the adequacy or accuracy of

this release.

SAMPLE PREPARATION AND QA/QC

Sample preparation for projects in

Argentina

is carried out by ALS Chemex Argentina, a subsidiary

of ALS Minerals, at their 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).

Gold was analyzed by fire assay of a 30 g sample split with detection by inductively coupled plasma

atomic emission spectrometer (ICP-AES); multi-elements were analyzed by an aqua regia digestion

of a 1 gram sub-sample with detection by inductively coupled plasma atomic emission spectrometer

(ICP-AES) for 35 elements (Ag, Al, As, B, Ba, Be, Bi, Ca, Cd, Co, Cr, Cu, Fe, Ga, Hg, K, La, Mg,

Mn, Mo, Na, Ni, P, Pb, S, Sb, Sc, Sr, Th, Ti, Tl, U, V, W, Zn) (codes Au-ICP21 and ME-ICP41).

This digestion method dissolves most minerals but not all elements are quantitatively extracted in

some sample matrices. Over limit Ag, Cu, Pb, Zn OG46 analyses are conducted when samples

exceed the upper detection limit; this method includes Aqua Regia digestion and ICP-AES finish.

Method Ag-GRA21 which includes Fire Assay with gravimetric finish is applied when Ag exceeds

1500 g/t. 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.

Caution Regarding Forward Looking Statements

Certain statements contained in this press release constitute forward-looking information. These

statements relate to future events or future performance. The use of any of the words "could",

"intend", "expect", "believe", "will", "projected", "estimated" and similar expressions and statements

relating to matters that are not historical facts are intended to identify forward-looking information

and are based on Sable's current belief or assumptions as to the outcome and timing of such future

events. Actual future results may differ materially. Although such statements are based on

reasonable assumptions of Sable's management, there can be no assurance that any conclusions or

forecasts will prove to be accurate.

While Sable considers these assumptions to be reasonable based on information currently available,

they may prove to be incorrect. Forward looking information involves known and unknown risks,

uncertainties and other factors which may cause the actual results, performance or achievements to

be materially different from any future results, performance or achievements expressed or implied by

the forward-looking information. Such factors include risks inherent in the exploration and

development of mineral deposits, including risks relating to changes in project parameters as plans

continue to be redefined, risks relating to variations in grade or recovery rates, risks relating to

changes in mineral prices and the worldwide demand for and supply of minerals, risks related to

increased competition and current global financial conditions and the COVID-19 pandemic, access

and supply risks, reliance on key personnel, operational risks, and regulatory risks, including risks

relating to the acquisition of the necessary licenses and permits, financing, capitalization and liquidity

risks.

The forward-looking information contained in this release is made as of the date hereof, and Sable is

not obligated to update or revise any forward-looking information, whether as a result of new

information, future events or otherwise, except as required by applicable securities laws. Because of

the risks, uncertainties and assumptions contained herein, investors should not place undue reliance

on forward-looking information. The foregoing statements expressly qualify any forward-looking

information contained herein.

SOURCE

Sable Resources Ltd.

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For further information:

Ruben Padilla, President & CEO at [email protected] or

+1 (520) 488-2520

CO: Sable Resources Ltd.

CNW 07:00e 28-JUL-20