Sable Announces Completion of Share Consolidation

About this update from Sable Resources Ltd.

VANCOUVER, British Columbia, Aug. 04, 2026 (GLOBE NEWSWIRE) -- Sable Resources Ltd. ("Sable" or the "Company") (TSXV: SAE | OTCQB: SBLRF) announces today that, further to its press release of July 29, 2026 it has completed the proposed consolidation of the Company's issued and outstanding common shares ("Shares") on the basis of one post-consolidation Share for every ten pre-consolidation Shares (the "Consolidation"). The Shares will begin trading on a post-Consolidation basis on the TSX Venture Exchange at market open today, August 4, 2026. As a result of the Consolidation, the number of issued and outstanding Shares is 32,023,156 and all outstanding convertible securities have been adjusted based on the Consolidation ratio. Letters of transmittal were mailed to shareholders from TSX Trust Company, the transfer agent for the Shares, providing instructions for the exchange of their Shares. Until surrendered, each share certificate representing pre-Consolidation Shares will represent the number of whole post-Consolidation shares to which the holder is entitled as a result of the Consolidation. For further information, please contact: Ruben Padilla, President & CEO at [email protected] or +1 (520) 488-2520 About Sable Resources Ltd. Sable is a well-funded junior grassroots explorer focused on the discovery of Tier-One new precious metal and copper projects through systematic exploration in endowed terranes located in favorable, established mining jurisdictions. Sable's focus is on developing its large portfolio of new Greenfields projects to resource level.  Sable is actively exploring the San Juan Regional Program (>141,000 ha), incorporating the Don Julio, El Fierro, Cerro Negro, and Zorro projects in San Juan province, Argentina, and the Copper Queen, Copper Prince, and Core Mountain properties in British Columbia (21,038 ha). Caution Regarding Forward Looking Statements Certain statements contained in this press release constitute forward-looking information. These statements relate to future events or future performance and include statements regarding: the effect of the Consolidation on the Company's capital structure, including the number of Shares outstanding after the Consolidation. The use of any of the words "could", "intend", "expect", "believe", "will", "projected", "estimated" and similar expressions and statements r...

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