ASX ANNOUNCEMENT

10 May 2019

ASX Code: SBR

Sabre Resources Limited ('Sabre' or 'Company') announced on 9 May 2019 that the Namibian Ministry of Mines and Energy has provided written notification that it will grant the renewal of Exploration Prospecting Licence (EPL) 3540 for an additional period of two years.

The announcement included the following statement:

"EPL 3540 covers the Kombat area in the Otavi Mountainland of Namibia. The licence covers the Guchab copper prospect and the Baltika vanadium prospect. Drilling by Sabre in 2012 intersected high- grade copper mineralization including GCDD005 22.2m at 3.45% Cu, 29.67g/t Ag from surface including 2.15m at 17.6% Cu, 247.7g/t Ag from 20.5m*".

In accordance with ASX Listing Rule 5.23, the Company notes the following:

*Included in Sabre ASX announcement of 10 September 2012. The Company confirms that it is not aware of any new information or data that materially affects the information included in the announcement of 10 September 2012.

ENDS

For more information, please contact:

Martin Stein

Phone: (08) 9481 7833

Company Secretary

Or consult our website:

www.sabresources.com

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Sabre Resources Limited published this content on 10 May 2019 and is solely responsible for the information contained herein. Distributed by Public, unedited and unaltered, on 10 May 2019 08:42:05 UTC