Sable Resources Ltd. announced that it has entered into an option agreement to acquire a 100% interest in the Perk-Rocky Project located 225km west of Williams Lake, British Columbia, Canada ("Perk-Rocky" or the "Project"). Perk-Rocky is a porphyry copper-gold exploration project comprising 10,475 Ha of mineral claims located at the suture between Stikine equivalent volcanic Terrane and younger coast range intrusives. The Project also lies within a regional structural belt that hosts the New Prosperity, IKE and Empress porphyry deposits and porphyry related projects as well as the historical high-grade Bralorne gold mine which collectively highlight the mineral endowment and prospectivity of this mineralized belt.

Perk-Rocky is centered around a large porphyry style alteration zone of at least 8km by 5km that includes multiple mineral occurrences such as the Briton prospect (Fe), Rya, Perkins Peak, Chilco and neighbouring showings (Cu-Au). Despite the significant alteration and mineralization present, the Project has only seen very limited exploration including short campaigns of talus and rock sampling, an airborne VTEM and magnetic survey, and only 2,049 metres of drilling in 2021. CAD 500,000 on or before the fourth anniversary; and CAD 7,000,000 on or before the fifth anniversary.

Following earn-in to 100% ownership in the Project, milestone payments are payable as follows: USD 650,000 in the event Sable files a National Instrument 43-101 ("NI 43-101") technical report that includes a mineral resource on the Project. USD 1,500,000 in the event Sables files a Preliminary Economic Assessment (as defined in NI 43- 101) on the Project. USD 2,000,000 in the event Sability completes a Feasibility Study on the Project; and USD 5,000,000 in the events Sable proceeds with commercial production at the Project.

The vendors retain a 3.0% NSR, which Sable can buydown to 1.0%. The Agreement is subject to the approval of the TSX Venture Exchange.