Sable Resources Ltd. announced results from the first two drill holes at the Fierro Bajo zone within El Fierro Project ("El Fierro" or the "Property"). El Fierro is a historic artisanal silver-rich mining district located 250 km northwest of San Juan city and 120 km north of Sable's Don Julio Project. Sable is currently advancing the first drilling campaign ever conducted at the Property testing vertical continuity of the outcropping veins.

The Company has received results from the first two holes of the program, while 14 additional holes (550 samples) are currently being analyzed by ALS Minerals. Highlighted results include: Hole FB-DH-21-01: 783.8 g/t AgEq (650.6 g/t Ag, 3.44% Pb, 0.11% Cu) over 1.0m from 155.5 to 156.5m; Including 1,556.5 g/t AgEq (1,290 g/t Ag, 6.89% Pb, 0.22% Cu, 0.12% Zn, 0.15 g/t Au) over 0.5m from 156.0 to 156.5m. Hole FB-DH-21-02: 640.76 g/t AgEq (437.38 g/t Ag, 5.8% Pb, 0.38% Zn) over 1.35m from 92.65 to 94.00m; Including 1,433.6 g/t AgEq (976 g/t AgEq, 13.05% Pb, 0.63% Zn) over 0.6m from 93.40 to 94.00m.

Holes FB-DH-21-01 was drilled below a series of artisanal workings and intercepted the mineralized structure approximately 85m below surface; hole FB-DH-21-02A was drilled from the same collar than hole FB-DH-21-02 which hit a void at 65m depth. Hole 2A successfully intercepted mineralization 80m below surface. Both holes targeted the main structure of Fierro Bajo (Vein A) and are separated 440m along strike showing good lateral continuity of the mineralization.

Observed mineralization consists of galena, sphalerite, antimony sulphosalts, and minor silica with carbonate. Veins at Fierro Bajo are hosted by Paleozoic chlorite schist, meta-sandstones, and meta-conglomerates. Mineralization intercepted in drill holes FB-DH-21-01 and FB-DH-21-02 represents between 90% and 100% true width.

Maps and tables associated with this press release will be available on Sable's website. Silver equivalent (AgEq) is calculated based on 100% recovery and prices of USD 18 per oz for silver; USD 1,500 per oz for gold; USD 0.85 per pound for lead; USD 1.1 per pound for zinc; and USD 3.0 per pound for copper. Cu, Pb, Zn values lower than 0.1%, and Au values lower than 0.1 g/t have not been considered within the AgEq calculation.

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 three main known mineralized areas - Fierro Alto, Fierro Bajo, and La Verde over an area of 8km x 4km. The three areas host a number of old artisanal 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 currently controls 46,391 hectares covering all the historically mineralized areas and additional highly prospective ground over a large magnetic anomaly.