Sable Resources Ltd. provided an update on the ongoing drill program at the Don Julio project, located in the province of San Juan, Argentina (Don Julio or the Project). All exploration activities at Don Julio are funded by South32 under the Earn-In Agreement between the Company and South32, signed in 2021. Highlights 1-La Gringa Nine drill holes have been completed this season at the La Gringa target for a total of 4,098m.

Drilling has defined a >1,500m NNE long and >1,000m wide porphyry system, mostly covered by thin quaternary gravels along the La Gringa valley. Cu-Au-Mo anomalous values are hosted by altered siliciclastic rocks and hydrothermal breccias with an upper advanced argillic alteration zone overprinting deeper sericitic and potassic alteration assemblages. The latest results increase the size of the already large porphyry style mineralization that remains open along the NNE strike and at depth.

The causative intrusion, and potentially the host of the best Cu-Au grades, has yet to be found. DJ-DH-23-14 3.75% CuEq (17.3 g/t Ag; 1.44 g/t Au; 2.33% Cu; 0.58% Zn) over 2.90m from 77.6 to 80.5m Including 9.83% CuEq (46.5 g/t Ag; 3.85 g/t Au; 6.03% Cu; 1.61% Zn) over 0.50m from 78.7 to 79.2m DJ-DH-23-15 0.17% CuEq (3.14 g/t Ag; 0.092% Cu; 163 ppm Mo) over 17.0m from 724.0 to 741.0m 0.17% CuEq (0.068% Cu; 319 ppm Mo) over 157.0m from 844.0 to 1,001m Including 0.22% CuEq (0.11% Cu; 333 ppm Mo) over 22.80m from 903.20 to 926.0m DJ-DH-23-17 1.11% CuEq (5.33 g/t Ag; 1.07 g/t Au; 0.28% Cu) over 6.0m from 155.5 to 161.5m DJ-DH-23-19 1.15% CuEq (8.63 g/t Ag; 0.42 g/t Au; 0.77% Cu) over 0.9m from 281.55 to 282.45m 0.61% CuEq (5.48 g/t Ag; 0.3 g/t Au; 0.26% Cu) over 17.5m from 326.5 to 344.0m 0.49% CuEq (9.77 g/t Ag; 0.16 g/t Au; 0.1% Cu) over 11.0m from 427.0 to 438.0m 0.75% CuEq (14.88 g/t Ag; 0.37 g/t Au; 0.32% Cu) over 1.6m from 448.1 to 449.7m 2-Punta Cana A 437m drill hole (DJ-DH-23-16) was completed at Punta Cana targeting subcropping Au-Cu porphyry style mineralization over a strong magnetic anomaly and close to two anomalous drill holes from the last drill season (see). The last 156m of this hole returned 0.32 g/t AuEq associated with quartz-bornite-chalcopyrite veinlets hosted by a series of subvolcanic intrusions and breccias.

The Company believes that this mineralization represents the part or carapace of a large porphyry system at deeper level. Future drill campaigns will evaluate the grade profile of the system below the 4,500 masl horizon (Figures 3 and 5). DJ-DH-23-16 0.32 g/t AuEq (6.39 g/t Ag; 0.11 g/t Au; 0.086% Cu; 32 ppm Mo) over 156.0m from 281.0 to 437.0m Including 0.45 g/t AuEq (11.05 g/t Ag; 0.14 g/t Au; 0.11% Cu; 39 ppm Mo) over 55.0m from 330.0 to 385.0m Including 1.05 g/t AuEq (46.68 g/t Ag; 0.13 g/t Au; 0.15% Cu; 0.17% Pb; 0.14% Zn; 51 ppm Mo) over 12.0m from 330.0 to 342.0m 3-Fermin The first round of drilling started at the Fermin base metals skarn target during the last week of March.

Two drill holes for a total 450.8m have been completed with assays pending.