Sable Resources Ltd. provided an update on its ongoing fully financed CAD 16 million exploration program designed to drill test six high quality targets in San Juan, Argentina. Exploration targets in this well endowed southern region of the Andes are represented by multi million ton copper-gold porphyry centres and surrounding halos of gold-silver epithermal deposits similar to Filo del Sol, Veladero, and Pascua-Lama deposits. El Fierro: Sable's most advanced project with 14.5 linear kilometres of high grade silver-gold-base metals epithermal veins.

A total of 6,406 m of core drilling has been completed in 56 shallow drill holes, and the ongoing second round of drilling is planned to complete between 10,000 and 15,000 metres with the objective of defining the size of the deposit and prioritize the veins with the highest potential for the next round of resource definition drilling. Sable is financing all work at El Fierro. El Fierrazo: A recent discovery by Sable located on the southern part of El Fierro veins, likely representing the source of magmatic-hydrothermal fluids of El Fierro porphyry-epithermal district.

El Fierrazo is an extensive porphyry system represented by a 4 x 2 km sericitic zone overprinting an inner-core of early porphyry type veinlets. Sable is planning a fence drilling across the inferred causative porphyry stock to define porphyry phases and their respective copper, gold, and molybdenum grades. La Poncha North: An outcropping >600 m long x 300 wide mineralized - composite 18 million years old gold-copper porphyry centre intruding an inter-mineral magmatic-hydrothermal diatreme.

The Company is financing all work at Poncha North including a fence drilling across the central area of the porphyry stock to investigate gold–copper grades close to surface and to depths of at least 300 metres. Don Julio Cluster: The current drill plan is focused on three gold-copper porphyry targets, named Poposa, Punta Cana and La Gringa. Punta Cana is a recent discovery of outcropping gold-copper porphyry mineralization.

The exploration targets at Poposa and La Gringa are high grade – bulk tonnage gold-copper zones interpreted to be located at the roots of gold-copper bearing lithocap overprinting the top of their causative gold-copper porphyry centres. All work at Don Julio is fully funded by a wholly owned subsidiary of South32 Limited under the Earn-In agreement signed between South32 and Sable. Target Generation Work: The Company continues with target generation activity on its large land packages in Argentina and Mexico to generate value with expanding the exploration pipeline with high quality drill projects.

Three months of target generation work was completed at Los Pumas project in San Juan, the results of this work will be released as soon as the Company receives final geochemical results.