Sable Sells Third Party Royalties and Grants Royalty to Osisko Gold Royalties
SABLE RESOURCES LTD.
900 – 999 West Hastings Street
Vancouver, British Columbia
V6C 2W2 Canada
TSXV | SAE OTCQB | SBLRF
Sable Sells Third Party Royalties and Grants Royalty
to Osisko Gold Royalties
VANCOUVER, CANADA – April 24, 2025 - Sable Resources Ltd. ("Sable" or the "Company") (TSXV:SAE
| OTCQB:SBLRF) is pleased to announce that the Company has entered into an Investment
Agreement, Royalty Agreement and Assignment Agreement (collectively the “Royalty Sale
Agreements”) with Osisko Gold Royalties Ltd (“Osisko”) for potential proceeds of up to $10.8 million
(the “Royalty Sale”). Pursuant to the terms of the Royalty Sale Agreements, Sable has assigned its
interest in a number of existing royalty agreements on British Columbia properties (the “Existing
Royalties”), including certain properties held by TDG Gold Corp. (“TDG”), Cassi ar Gold Corp. and
Talisker Resources Ltd., has granted a 1% net smelter return royalty (“NSR”) on all minerals
produced from the Company’s Copper Queen, Copper Prince and Core Mountain properties located
in British Columbia (the “BC Properties”), and has granted Osisko certain rights in relation to the sale
of similar interest in the future.
Ruben Padilla, Sable’s President and CEO stated,
“We are very pleased with having negotiated this royalty sale with Osisko providing for immediate
non-dilutive financing of $3.8 million and the potential for an additional consideration of up to $7
million. The additional consideration comprises a potential $2 million on the sale of an additional
1% royalty at Osisko’s option on the BC Properties and a potential $5 million payment condition al
on a discovery milestone related to TDG ’s Greater Shasta- Newberry project, located in the
Toodoggone district in British Columbia that is adjacent to the recent gold -silver-copper discovery
announced by Freeport -McMoRan Inc. and Amarc Resources Ltd. on their AuR ORA target. This
additional cash balance strengthens Sable’s treasury allowing the Company to continue to advance
exploration on its current projects and to evaluate acquisition opportunities of advanced copper -
gold assets in good jurisdictions within the Americas.”
Webinar
Sable’s President and CEO, Ruben Padilla, will be providing a corporate update discussing the 2024
/ 2025 exploration activities and strategy. The webinar, hosted by Adelaide Capital, is scheduled for:
Wednesday, April 30, 2025 at 2 pm EDT.
Register at the following link:
https://streamyard.com/watch/V8PEU2qghpE7
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 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 Cerro Negro projects in San Juan Province, Argentina and
the Copper Queen (1 5,133ha), Copper Prince (3,980 ha), and the Core Mountain (1,925 ha)
properties in British Columbia.
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For further information, please contact:
Ruben Padilla, President & CEO at [email protected] or +1 (520) 488-2520
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.
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 forwa rd-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 t o
increased competition and current global financial conditions, 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.