Sable Resources Ltd. provided an update on its ongoing exploration program in San Juan, Argentina.  The Company is currently undertaking 18,000 to 20,000 metres of drilling on seven targets at four of its projects - Don Julio, El Fierro, La Poncha and Los Pumas.  The Company's current drill program has proven the extension of the mineralization of the La Verde Vein at El Fierro and has intercepted porphyry style mineralization in five porphyry targets undergoing their first drill test.  As of the date of this press release, no analytical results are available for reporting from the drill holes drilled at the porphyry targets.

Projects Highlights: Don Julio Project:  Sable commenced its 5,000m drilling campaign in January 2022 focused on three Miocene porphyry targets (Poposa, La Gringa and Punta Cana). To date, 3,069m has been drilled in eight holes and 1,693 core samples have been submitted for assay.  Holes 1 to 3 were drilled at the Poposa target and all holes show strong indications of transition between advanced argillic alteration to porphyry environment.

 Holes 4 and 5 targeted a diatreme system in the northern part of Punta Cana, while holes 6 and 8 were drilled at the Punta Cana porphyry encountering different phases of diorite with significant mineralization including Maricunga, A type, and B type veinlets, as well as disseminated pyrite and chalcopyrite.  Hole 7 is being drilled at the Gringa porphyry target and has shown a clear transition from lithocap to porphyry environment. Currently two rigs are working at the Don Julio Project and the drilling campaign is expected to finish around mid May.

All work at the Don Julio Project is fully funded by South32 under the terms of the Earn-In agreement signed in early 2021. El Fierro Project:  Sable started drilling at the El Fierro Project in October 2021 focusing on the different zones of sub-epithermal veins including Fierro Bajo, La Verde and Lagunitas.  In early 2022, the Company started drilling the Pyros Cu-Au-Mo porphyry target which is a new Greenfields discovery within El Fierro Project.

To date, Sable has drilled 10,923m in 63 holes, collecting 4,427 core samples having received so far results from 1,559 of those samples. High-grade intercepts from La Verde zone were released on January 11th and February 15th with more results to be released soon. In addition to the drilling, the Company completed 400km of Ground Magnetics; 26km of Induced Polarization, collected 317 rock samples and 2,500 soil samples.

 Mapping and prospecting has also led to the discovery of the Antena Au-Cu target which will be also drill tested at the end of the current drilling campaign. Poncha North Project:  Drilling started in March at the Miocene porphyry centre located in the Poncha North zone, part of the La Poncha Project. The location of drill holes was based on extensive trenching work, mapping and geophysics.

481 rock samples were collected along the trenches, significantly extending the size of the known porphyry mineralization. So far, the Company has completed 1,425m in four holes with 550 core samples having been sent to the laboratory with all results pending.  Two more holes will be completed before the end of the season.

Los Pumas:  During this exploration season in Argentina, from September to November, Sable conducted a short exploration program at Los Pumas including construction of a temporary camp, 25km of road access, and 1.5km of trenching on different zones of the project.  Trenches were located on zones of previously observed Au-Cu-Ag intrusion-related mineralization; 294 rock samples were collected this season and all results have been received.  Results show strong anomalies of the three mentioned elements; obtained values are being analyzed before being released.