Sable Resources Ltd. provided an update on exploration activities at the Don Julio Project in San Juan, Argentina, including the initial 5,000m drilling program that commenced late November and has now been expanded to 5,900m. All exploration expenditures at Don Julio are fully funded under the Earn-In Agreement between the Company and South32, signed in 2021. As of the date of this press release, 2,946m of drilling has been completed in seven holes utilizing two rigs, with 1,806 core samples having been cut and sent to the lab.

The initial work was focused on the La Gringa target and one of the rigs has now moved to the Punta Cana target. During the last drill season, the Company defined two new porphyry centres at La Gringa and Punta Cana based on extensive presence of potassic alteration, early veinlets and significant copper, gold and molybdenum anomalies. In addition to the ongoing drilling, the Company completed an 800 soil sample program grid over the Punta Cana area and is advancing access roads to the Fermin polymetallic skarn and to the Tocota Cu-Au porphyry to prepare these two targets for the first round of drilling.

Detailed analysis of last year's drilling data from the La Gringa target, such as geochemistry, spectral data, fluidclusions, and geophysics has shown a mineralization vector towards the southwest along the Chita creek valley. New surface and drilling observations demonstrate that the porphyry-epithermal system present at La Gringa is larger and more complex than previously thought. At the La Gringa zone, hole DJ-DH-22-11 followed up on biotite alteration and porphyry style mineralization observed in holes DJ-DH-22-07 and DJ-DH-22-09 drilled during the 2021/2022 season; hole 11 intercepted Cu-Mo porphyry style mineralization with results pending.

Hole DJ-DH- 22-09 was drilled last season to 623m and it is now being extended to a new final depth of 1,000m. On the western side of the main La Gringa valley, holes DJ-DH-23-12, DJ-DH-23-13, and DJ-DH-23-14 tested the margins of a large chargeability anomaly obtained from last year's IP survey along the valley, assay results are also pending. Besides the La Gringa target, hole DJ-DH-23-16 is currently being drilled at the Punta Cana target, 3 km south of La Gringa, where Au-Cu mineralization is outcropping and was intercepted in hole DJ-DH-22-08 from last season, which turned an intercept of 403m @ 0.27 g/t AuEq.