Sable Expands the Zorro Project Through New Staking and an Option Agreement of the El Acero Property, San Juan, Argentina

Executive Summary

• Sable Resources Ltd. has entered into an option agreement to acquire a 100% interest in the El Acero property, a single 887-hectare mining claim located immediately south of its existing Zorro project land package.
• The acquisition, combined with recent staking of open ground, expands the total Zorro project area from approximately 5,236 hectares to approximately 8,460 hectares.
• The earn-in structure requires three cash payments totaling US$300,000 over a 15-month period, with a separate option to purchase a 1% net smelter royalty (NSR) for US$1,000,000.

Key Details

• Target Property: El Acero mining claim (887 hectares), surrounded by claims already controlled by the Company.
• Transaction Structure: Option agreement to earn a 100% interest in the property.
• Earn-in Payment Schedule: US$75,000 paid on the date of signing; US$100,000 due nine (9) months after signing; US$125,000 due fifteen (15) months after signing.
• Royalty Terms: 1% net smelter royalty (NSR) on the property, which may be purchased by the Company for US$1,000,000.
• Land Package Expansion: Zorro project area increased from 5,236 hectares (under the La Esquina option agreement) to approximately 8,460 hectares following the El Acero option and additional staking.
• Location & Geology: Situated in the Frontal Cordillera of San Juan Province, Argentina, immediately north of the Chita Valley district. Exploration has identified multiple mineralized target areas including copper-rich intrusion-related mineralization, polymetallic veins, and magmatic-hydrothermal breccias.
• Qualified Person: Luis Arteaga M.Sc. P.Geo., Vice President Exploration, has reviewed and approved the technical information in accordance with NI 43-101.

Notable Quotes

• Dr. Ruben Padilla, President and CEO: "The expansion of the Zorro project through both the staking of additional open ground and the acquisition of the El Acero claim strengthens our control of the district and supports our long-term exploration strategy. While the El Acero claim itself has seen limited modern exploration, the combination of new staking and property consolidation provides greater flexibility for future exploration programs and supports our district-scale approach at Zorro."