Sable Resources Ltd. announced the Company's planned exploration activities covering multiple projects in the well-endowed Miocene porphyry belt of San Juan, Argentina. Don Julio Project, San Juan Argentina: The Don Julio project comprises 69,350 hectares including the Don Julio Cluster that contains several Cu-Au and Cu-Mo-Au porphyries, Au-Ag epithermal, and polymetallic skarn targets. The mineralization identified at the Don Julio Cluster is part of the Miocene Andean mineral belt that hosts world class Cu-Mo-Au porphyry deposits south of Don Julio and Au-Ag high sulfidation deposits to the north.

Phase 2 drilling will start on the first week of November 2022 at La Gringa target moving later to the Punta Cana target. Mapping and target definition work will be conducted at the Tocota Au-Cu porphyry target to prepare it for drilling next season. At La Gringa Cu-Mo-Au porphyry target, the results from the last season's drilling along with new geophysical data indicate potential to find the concealed causative porphyry centre towards the west underneath Quaternary gravels.

At the Punta Cana Cu-Au porphyry target, additional drilling is planned to follow up on the encouraging results of hole DJ-DH-22-08 that reported 403.0m of 0.27 g/t AuEq. The Tocota target comprises an area of at least 1.2 by 0.6km where diorite intrusives with porphyry style veinlets have returned values up to 0.3% Cu and 0.3 g/t Au. Exploration work at Tocota this field season will focus on mapping, talus-rock-soil sampling, and possible ground geophysics to define the drill target.

El Fierro, San Juan Argentina: El Fierro, a 58,510 hectare property is located 120 kilometres south of the Filo del Sol ­ Jose Maria porphyry deposits in similar age rocks. Sable's first round of drilling started in February 2021 (3,278 m) and second round was completed in May 2022 (12,006 m) for a total of 15,284 m. In 2021, drilling focused on vein targets (9,700 m), however with porphyry style mineralization recognized in December 2021, 5,584 m of scout drilling was completed on the newly recognized Pyros porphyry target. In only one and a half years of exploration at El Fierro, Sable has defined a 10 x 10 km mineralization footprint composed by Cu-Au-Mo porphyry mineralization and an external halo of polymetallic sub-epithermal veins; all the mineral system is associated to a large Miocene (20 Ma) intrusive ­ caldera complex.

The Pyros target is represented by a 2,500 x 1,400 m zone of sericitic alteration overprinting early quartz veins, where soil geochemistry identified a core Mo-Cu-Au-Bi-Te soil anomaly surrounded by a Mn-Zn-Pb halo. The first round of drilling completed last May only tested around 20% of the anomalous alteration zone. Drilling results identified different porphyry phases with potassic and sericitic alteration intruding Permian granites.

The first campaign of drilling proved the Cu-Mo-Au affinity of the porphyry system at Pyros reporting 119 m @ 0.22 % CuEq, including 34.0m @ 0.34% CuEq (FZ-DH-22-68), 30.3m @ 0,44% CuEq (FZ-DH-22-72), 38.0m @ 0.27% CuEq (FZ-DH-22- 84), and 200m @ 0.14% CuEq (FZ-DH-21-55). One hole was drilled on the margin of the Antenna Hill target, represented by Au-Cu-Ag anomalies associated to breccias and 20 Ma dioritic intrusions hosted by Paleozoic basement along faults related to the eastern limit of the Miocene volcanic caldera. The recognizing hole completed at Antenna Hill reported various Au-Cu-Ag anomalous intercepts including 8.75 m @ 1.20 g/t AuEq.

Detailed highlighted values are presented in Table 1. The upcoming field season work will be focused on follow up of extensive surface geochemical anomalies and alteration zones coincident with magnetic and IP anomalies to select areas to be drill tested at Pyros and Antenna Hill targets. A second round of drilling at Pyros and Antenna Hill will be initiated in January 2023 with district mapping - prospection work commencing in October 2022. Poncha, San Juan Argentina: The 34,937 hectare Poncha property contains two Miocene porphyry targets and various alteration zones that require first-pass exploration work.

Last May, Sable completed 2,216 m of drilling at the Poncha North target represented by an outcropping Miocene Au-Cu porphyry centre, intruding a larger inter-mineral diatreme. Drill results showed the gold affinity of the porphyry system reporting 263 m @ 0.29 g/t AuEq (PON-DH-22-02), and 101 m @ 0.32 g/t AuEq (PON-DH-22-01), as well as many other significant intercepts disclosed in Table 1. Intermediate sulfidation mineralization with anomalous Ag-Pb-Zn-Cu was intercepted in holes PON-DH-22-03 and PON-DH-22-06. During the upcoming field season exploration work at Poncha will consist of local and regional mapping and prospection to define additional drill targets.