Sable Resources Ltd. Announces Closing of Royalty Purchase Agreement with Osisko GOLD Royalties
NOT FOR DISTRIBUTION TO U.S. NEWS WIRE SERVICES OR DISSEMINATION IN THE
UNITED STATES.
SABLE RESOURCES LTD. ANNOUNCES CLOSING OF ROYALTY PURCHASE
AGREEMENT WITH OSISKO GOLD ROYALTIES
Toronto, Canada, September 27, 2019 – Sable Resources Ltd. (the “Company” or “Sable”) (TSX
Venture: SAE) announces that as previously described in its press release dated August 28, 2019, it has
entered into a definitive royalty purchase agreement (the “Royalty Purchase Agreement”) with its wholly-
owned Mexican subsidiaries and Osisko Gold Royalties Ltd (“Osisko”, OR-T). The initial closing under
the Royalty Purchase Agreement has occurred and Sable has received proceeds in the amount of $5.0
million. Pursuant to the completed initial royalty transaction, as guaranteed by Sable, Exploraciones
Sable, S de R.L. de C.V. has granted Osisko a 1% net smelter returns royalty (the “NSR”) on its
properties (the “Initial Properties”). Under the terms of the Royalty Purchase Agreement, for no
additional consideration, the NSR will extend to any additional properties (the “Future Properties”)
acquired by Sable within a period of four years from the closing (the “Maturity Date”).
As part of the Royalty Purchase Agreement, Sable has also granted Osisko the right to acquire an
additional 1% NSR for $5.5 million on all minerals produced from Initial Properties and Future
Properties. This right expires on the Maturity Date.
About Sable Resources Ltd.
Sable Resources Ltd. is a well-funded junior grassroots explorer focused on the discovery of new precious
metal projects through systematic exploration in endowed terrains located in favourable, established
mining jurisdictions. Sables' 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 (35,000ha) incorporating the Don Julio Project in San Juan Province, Argentina, the
Mexico Regional Program (1.16Mha in application, 39,000ha titled), incorporating the Margarita, Vinata
and El Escarpe drill ready projects.
For further information on this press release, please contact Tom Obradovich, President and Chief
Executive Officer of the Company at (416) 985-7140 or [email protected].
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.
No stock exchange, securities commission or other regulatory authority has approved or disapproved the
information contained herein.
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 the Company’s current belief or assumptions as to the outcome and timing of such future events.
Actual future results may differ materially. In particular, this release contains forward-looking
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information relating to, among other things, Sable’s exploration objectives over its portfolio.Various
assumptions or factors are typically applied in drawing conclusions or making the forecasts or
projections set out in forward-looking information. Those assumptions and factors are based on
information currently available to the Company. Although such statements are based on reasonable
assumptions of management, there can be no assurance that any conclusions or forecasts will prove to be
accurate.
The forward-looking information contained in this release is made as of the date hereof, and the
Company 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.