VANCOUVER, BC, Nov. 17 /CNW Telbec/ - Sable Resources Ltd. (TSX.V: SAE) is pleased to announce that it has arranged a private placement for total proceeds of up to $1,500,000. The financing will consist of up to $1,000,000 in flow-through units at a price of $0.80 and up to $500,000 in non flow-through units at a price of $0.70. Each flow-through unit will consist of one flow-through common share and one-half of one non-transferable share purchase warrant exercisable for a period of one year at a price of $0.85 for each whole warrant. Each non flow-through unit will consist of one non flow-through common share and one-half of one non-transferable share purchase warrant exercisable for a period of one year at a price of $0.80 for each whole warrant. All warrants are convertible into non flow-through shares. Flow-through proceeds of this financing will be used for eligible exploration expenses to be incurred in 2007 at the Company's mineral properties located in the Toodoggone region of British Columbia, Canada. The non flow-through proceeds together with the Company's existing working capital will be used for further development of the underground workings at the Shasta mine, and for general working capital. There will be a finder's fee on portions of the proceeds to registered parties in the amount of 8% cash and 10% broker's warrants. Closing of the placement is subject to regulatory approval. About Sable Resources Limited: http://www.sableresources.com Sable Resources is focused on the development and exploration of its Shasta and Chappelle Properties in the Toodoggone region of northern British Columbia. Sable owns a modern, fully-permitted 200-ton per day mill and supporting infrastructure. The stock Exchange has not reviewed and does not accept responsibility for the adequacy and accuracy of this news release.