Greenfield Exploration at its Best Forward Looking Statements - - PowerPoint PPT Presentation

CORPORATE PRESENTATION

January 2018

TSXV:SAE

Greenfield Exploration at it’s Best

Forward Looking Statements

Certain statements in this presentation document are forward-looking statements, which reflect the expectations of management regarding the business development objectives and plans of Sable Resources Ltd. and it’s subsidiaries (collectively referred to as “Sable” or the “Company”. Forward-looking statements consist of statements that are not purely historical, including any statements regarding beliefs, plans, expectations or intentions regarding the future. Forward-looking statements in this presentation include: statements regarding the company’s proposed targets for production and for other exploration and development plans; statements regarding exploration upside; statements regarding projected metallurgical recoveries; statements regarding plans for 2018 exploration and development; statements regarding expected costs; statements regarding the mill; and statements regarding 2018 objectives and targets. Such statements are subject to risks and uncertainties that may cause actual results, performance or developments to differ materially from those contained in the statements. No assurance can be given that any of the events anticipated by the forward-looking statements will occur

• r, if they do occur, what benefits the Company will obtain from them.

These forward looking statements reflect management’s current views and are based on certain expectations, estimates and assumptions which may prove to be incorrect. A number of risks and uncertainties could cause the Company’s actual results to differ materially from those expressed or implied by the forward-looking statements, including: (1) a downturn in general economic conditions in North America and internationally, (2) the inherent uncertainties and speculative nature associated with gold and silver exploration, (3) a decreased demand for gold and silver, (4) any number of events or causes which may delay exploration and development of the Company’s property interests, such as environmental liabilities, weather, mechanical failures, safety concerns and labour problems, (5) the risk that the Company does not execute its business plan, (6) inability to finance operations and growth, (7) inability to obtain all necessary permitting and financing, and (8) other factors beyond the Company’s control. These forward looking statements are made as of the date of this presentation and the Company assumes no obligation to update these forward looking statements, or to update the reasons why actual results differed from those projected in the forward-looking statements, except in accordance with applicable securities laws. Additional information about the Company and these and other assumptions, risks and uncertainties is available in the Company’s public filings with Canadian securities regulators, available on SEDAR at www.sedar.com. Any Resources, Reserves or other estimates as to the volume of mineralized rock contained herein are historical estimates and were completed prior to the implementation of NI 43-101 unless expressly stated. Sufficient work to classify the historic mineral resource as a current mineral resource has not been completed. Hence, the resource estimate should not be relied upon.

January 2018 TSXV:SAE 2

Sable Highlights

New acquisitions – Added in 2017: Tulox, Mets, Bot, Tulameen (British Columbia) and Margarita, Vinata and El Escarpe (Mexico).

Acquisitions

All projects located in safe, stable British Columbia & Mexican Jurisdictions

Political Risk

New management team in place as of 2017 with a good track record of success

Management

JDS Energy and Mining Inc., and Talisker Exploration Services Inc.

Partnerships

Significant existing infrastructure including roads, camp, equipment and 100% owned & permitted mill

Infrastructure

Focused on underexplored projects with good potential for camp size, high- grade discoveries

Targeting

January 2018 TSXV:SAE 3

January 2018 TSXV:SAE 4

Corporate

Share Structure and Capitalization

1 Year Share Price Performance Current Price (as at Jan 2, 2017) C$0.17 52-Wk High C$0.20 52-Wk Low C$0.105 Shares Outstanding 116,9 Market Capitalization $19.9 Less: Cash (Dec 2017) $4.6 Plus: Debt $0.0 Enterprise Value $15.8 Capital Structure (C$M Except Per Share Figures) Dilutive Securities Type Expiry Strike Amount Warrants 29-Jun-18 $0.30 2,500,000 Warrants 8-Sep-19 $0.25 28,370,500 Options 24-Oct-21 $0.10 1,800,000 Options 3-May-22 $0.15 2,550,000 Options 10-Nov-22 $0.17 2,200,000 Total 38,070,500 (Add) Basic Shares Outstanding 116,876,050 (Add) Bonus Shares 1,000,000 Fully Diluted Shares Outstanding 155,296,550

January 2018 TSXV:SAE 5

Corporate

Sable Leadership

Management

Tom Obradovich President, CEO, Chairman Over 30 years experience in mining exploration, development and financing. He is President and Chief Executive Officer of Canadian Continental Exploration Corp.; was a key individual behind Aurelian Resources (acquired by Kinross Gold Mines for $1.2 billion in 2008), which discovered the Fruta Del Norte gold deposit in Ecuador; a co-founder of Canadian Royalties Inc., which discovered and developed the Raglan south nickel belt; acquired most of the Matachewan gold camp by an RTO of Young-Davidson Mines Ltd. which was subsequently acquired by Northgate Minerals in 2005; and serves on the board of Barkerville Gold Mines Ltd. and Dalradian Resources Inc. Richard Godfrey CFO Finance professional who has been involved in the mining industry over the last 30 years. He has held the chief financial

• fficer or vice-president, finance, position for JDS Silver, Capstone Mining, Lundin Mining, Breakwater Resources, Ma'aden (a

Saudi Arabian mining company) and Triton Mining. He has also been the mine-site controller at mines located in Yukon and the Northwest Territories. William Yeomans, P.Geo Consulting Geologist Consultant to IAMGOLD Corporation and Dundee Precious Metals with over 30 years of field experience in all stages of gold exploration, development and production throughout the Americas and in Asia and has worked for BHP World Discovery Group, StrataGold Corp., Migrate Mining, Aur Resources Inc., Canamax Resources, Shell Minerals. Ruben Padilla Consulting Geologist PhD from the University of Arizona. Over 30 years experience in the mineral exploration industry, Dr. Padilla has completed important research at the La Escondida deposit. With AngloGold Ashanti Ltd., he acted as exploration country manager in Peru and in Colombia and as chief geologist for the Americas exploration group. He was part of the team that discovered the Colosa and Gramalote deposits in Colombia. He is the founder and chief geologist for Talisker Exploration Services Inc. Dr. Padilla is a director of UniGold Inc. and Minera Alamos Inc.

January 2018 TSXV:SAE 6

Corporate

Sable Leadership

Board of Directors

Brent Gilchrist Director An accomplished finance executive with extensive experience in the investment and banking sectors. He is currently the President of JDS Resources Inc., the JDS Group of Companies’ venture capital and private equity arm responsible for investment management, acquisitions and project financing. Brent is also the President and Co-founder of JDS Silver Inc., the owner and operator of the Silvertip Mine located in Northern British Columbia. Terence Harbort Director PhD in Structural Geology and Tectonics. Recognised senior member of the discovery team of AngloGold's Ashanti's La Colosa and Gramalote deposits. Specialist in mapping and interpretation of ore geometries and ore controls covering various types of geological environments with direct applications to mineral economics from target generation, target definition and evaluation, and project

• management. Co-founder and VP Exploration of Talisker Exploration Services. Currently the Chief Geoscientist for Barkerville Gold

Mines Ltd and Osisko Nominee to the board of IDM Mining. Andres Tinajero Director Holds a MBA and is a Member of the Canadian Institute of Chartered Professional Accountants, the Certified Practicing Accountants

• f Australia and he is a Certified member of the Institute of Corporate Directors. He has served as CFO and Vice President of

Finance of several medium sized public companies across Canada. Donald Njegovan Director Has over 25 years of experience in the mining industry. He holds a bachelor of science in mining engineering from Michigan Technological University and a bachelor of arts from the University of Manitoba. Currently, he is the vice-president, new business development, at Osisko Mining Corp. He was formerly managing director of global mining at Scotiabank, an investment banker at Toll Cross Securities Inc., and also worked underground and as a mining engineer throughout North America. Mr. Njegovan is a director

• f Cabral Gold Ltd. and was on the board of directors of St. Andrew Goldfields Ltd. up until it was acquired by Kirkland Lake Gold.

Joel Gillham Director B.Sc in geology with over 12 years in the mining and exploration sector of British Columbia in roles including mine manager of active underground mining operations, surface exploration project management, advanced project permitting and first nations consultation, as well as regulatory experience.

January 2018 TSXV:SAE 7

Strategy

Well-funded junior grassroots explorer focused on the discovery of new precious metal projects through systematic exploration in endowed terranes located in favorable, established mining jurisdictions Sables' main focus is developing their large portfolio of new greenfield projects to resource stage utilizing their Upper Level Epithermal Strategy

Discovery by Systematic Exploration

January 2018 TSXV:SAE 8

Upper Level Epithermal Strategy

Previous Discoveries:

Deep Erosional Level = Outcropping Bonanza Orebodies

Current Discoveries

Moderate Erosional Level = Outcropping Anomalous Halo

Future Discoveries

Identification of Barren Upper Zone Identification of Windows in Post Mineral Cover Interpretation of Upper Level Alteration Identification of Upper Level Pathfinder Indicators Recognition of Upper Level Textures Drill Targeting through Barren to Bonanza

Real Geology is Required!

Using Quality Geology to Discover at Depth in Endowed Terranes

100 m 0.0 m 100 m 0.0 m Anomalous Halo Bonanza Core Barren Upper Level 250 m 0.0 m 250 m 0.0 m Post Mineral Cover (After Albinson, 2015) Erosion Surface

Increasing Depth to Orebody

Erosional Window Host Rock

January 2018 TSXV:SAE 9

Upper Level Epithermal Strategy

Low-Intermediate Epithermal Targeting Model

January 2018 TSXV:SAE 10

Sable Mexico Greenfields

Implementation of Upper Level Epithermal Strategy $4.2M Investment to Date 92% in the Ground Systematic Phase-Based Exploration

10,000 Stream Sediment Samples 1,600 Soil Samples 1,100 Rock Samples

1.7M Ha Explored Reduction Plan to 250,000 Ha 140 New Targets Generated Robust Project Pipeline 100% Sable Owned

Major Style Exploration by a Junior

3 Targets Passed Vinata, El Escarpe, Margarita 3 more targets expected 140 Targets Generated 20 Targets Passed 3 Phase work completed 3 Advanced to Phase 3 17 Targets Pending Review 43 reviewed 20 passed to Phase 2 23 discarded 97 pending follow up

January 2018 TSXV:SAE 11

Sable Mexico Greenfields

Proven Discovery Methodology No Project Recycling World Class Pipeline Clear Pathway to Drilling Clear Advance or Discard Criteria Experienced Knowledgeable Team High Risk Early Stage Already De-Risked

Major Style Exploration by a Junior

Phase 1 Phase 2 Phase 3 Phase 4 Mine

January 2018 TSXV:SAE 12

Sable Mexico Greenfields

Drill Project Overview

Margarita Project Vinata Project El Escarpe Project

January 2018 TSXV:SAE 13

Upper Level Epithermal Strategy

Validation of Exploration Model

January 2018 TSXV:SAE 14

Margarita

Low-Sulphidation Epithermal Ag 1.7km of Outcropping Vein Upper Level Bonanza Silica Textures Chanel Sampling 100-900g/t Ag Multiple Veins Identified Mining Friendly Chihuahua Adjacent to Sunshine Silver Los Gatos (95Moz) Surrounded by Sunshine Silver Claims Not Previously Drilled Option to Earn 100% Permitting Underway Drill Ready

Drill Ready Bonanza Grade

January 2018 TSXV:SAE 15

Margarita

Drill Ready Bonanza Grade

January 2018 TSXV:SAE 16

Margarita

Drill Ready Bonanza Grade Evidence for Network of Multiple Veins Outcropping Samples >100g/t 11 holes (4,025m) in 2 phases planned for end Q1 2018 Drill Permitting Underway

January 2018 TSXV:SAE 17

Vinata

Grassroots Discovery Not Previously Drilled Strong Pathfinder Indicators Low-Sulphidation Epithermal Mining Friendly Chihuahua 100% Sable Owned Completed 43-101 Permitting Initiated Drill Ready

Grassroots Discovery From Systematic Exploration

January 2018 TSXV:SAE 18

Vinata

167 Rock-Chip Samples

up to 184 ppb Au Anomalous As, Sb, Hg, Ba

Geochemical signature of low anomalies of Au, strongly anomalous As, Sb, Hg and Ba, and low Ag, Cu, Pb and Zn are characteristic of the upper levels of an epithermal system

Grassroots Discovery From Systematic Exploration

January 2018 TSXV:SAE 19

Vinata

Drilling Planned after Permitting Process for Q4 2018 9 Holes Totaling 2,580m to Test Current Targets Q1 Detailed Geological Mapping, Rock and Soil Sampling Along Trend to Define New Drill Targets Planned Exploration

January 2018 TSXV:SAE 20

El Escape

Grassroots Discovery Upper Level Low-Sulphidation Epithermal Close to Infrastructure Chalcedonic to Opaline Textures Mineralised Above Bonanza Au to 1.5g/t, Ag to 66g/t 100% Sable Owned Completed 43-101 Permitting Underway Drill Ready

Multiple Drill Ready Targets

January 2018 TSXV:SAE 21

El Escape

550m X 200m Zone of Chalcedonic Silicification 3-5% Disseminated Pyrite, cut by Phreatic Breccias Breccias Rock Chips

Up to 0.609ppm Au, Anomalous Ag, Hg, As, Sb

Strong Chalcedonic-Opaline Veinlets (upper level)

Up to 0.702ppm Au & 66.1ppm Ag Anomalous Hg, As, Sb

250m X150m Kaolinite- Smectite Zone

Up to 1.49ppm Au & 24.7ppm Ag Anomalous Hg, As and Sb

Central Target Area

N

January 2018 TSXV:SAE 22

El Escape

1,200m X 150m Zone of Chalcedonic Veins and Siliceous Colloform Banding & Replacement Texture Marcasite-Rich Ginguro Bands Rock Chip Results:

Uup to 1.03 ppm Au, Up to 12.5 ppm Ag Anomalous Hg, As and Sb

Southern Target Area

N

January 2018 TSXV:SAE 23

British Columbia

Project Overview

Baker Project

− 6,600 ha land package − 2 past producing high grade mines and permitted mill − 35 km NW of Kemess South open pit Au-Cu mine − 55,000 m of historical drilling

BOT Project

− 7,260 ha land package − 100% owned, no NSRs − Project has only received limited prospecting work with discoveries of multi oz/t gold and multi kg/t silver in rock samples

Tulox Project Tulameen Project

− Ni-Cu +/- Co-Au-PGM target − Project has received limited airborne geophysics − No previous drilling or significant groundwork − Located near good infrastructure in southern BC − 12,525 ha land package − 100% owned, no NSRs − Coincident geochemical & geophysical anomaly − Good property access and infrastructure

January 2018 TSXV:SAE 24

Tulox

Intrusion Related Deposit 100% Sable Owned 12,540 ha land package Not Previously Drilled Robust 4km long Gold in Soils Anomaly Permitting Underway Drill Ready

Exploration in Mexico and British Columbia

January 2018 TSXV:SAE 25

Tulox

Drill Plan

3150m 9 holes in 3 fences 350m depth

Exploration in Mexico and British Columbia

January 2018 TSXV:SAE 26

Baker Project

Asset Overview

Project Name

• Baker Project

Ownership

• 100%

Location

• 430 km NW of Prince George
• 35 km NW of Kemess South

Access / Infrastructure

• Road access, 35 man camp on-site
• Airstrip
• Power grid 35 km from site
• 200-250 tpd mill

Geological Model

• Cu-Au porphyry system with related deep

(meso-intermediate) and shallower (low- intermediate) sulphidation Au-Ag-+/-Cu- base metal veins Target Size

• 6,600 ha land package
• 2 mining leases, permitting in place

Historical Work

• Two historic mines, 94% historical

recoveries for gold

• 55,000 m of historical drilling, focused on

historic mine sites

• Historical drilling did not test potential at

depth Historical Drilling Results Drilling underneath historic mines:

• 19 g/t Au over 1.3 m, 38 metres below

workings

• 4.1 g/t Au & 56.7 g/t Ag over 2 m, 50 metres

below workings

Baker Project

BOT Project 43 km

January 2018 TSXV:SAE 27

BOT Project

Asset Overview

Project Name

• BOT Project

Ownership

• 100%, subject to remaining payments
• 500,000 common shares issued upon

completion of an NI 43-101 outlining a minimum of 500,000 oz Au Location

• 43 km NW of the Baker Project

Geological Model

• The property occupies a unique section of

the Toodoggone Arc where bi-modal (felsic and basalt) volcanism predominated as

• pposed to calc-alkaline dacitic volcanics,

similar to the volcanic framework identified along the Eskay Creek Arc Mineralization Style

• A major NW trending structure controlled

the emplacement of a mineralized monzonite that introduced Cu-Zn-Pb-Ag- Au-Ba and flourite through quartz-barite stockworks into sheared volcanic host Land Size

• 7,260 ha land package

Historical Work

• Felsic volcanics, intimately associated with

high grade Au and Ag values, have been sampled over 7.5 km

January 2018 TSXV:SAE 28

Tulameen Project

Asset Overview

Project Name

• Tulameen Project

Ownership

• 100%

Location

• 16 km W of the Copper Mountain

Mine and the city of Princeton, BC Geological Model

• The property geology of the

Tulameen South Claims includes sedimentary-volcanic units of thelate Triassic Nicola Group intruded by Jurassic to Triassic intrusions of the TUC as well as late Triassic diorites. In this report the ultramafic pyroxenite unit and gabbro mapped

• n the claims is considered to be

related with the emplacement of the TUC. Mineralization Style

• Ni-Cu +/- Co-PGE-Au magmatic

sulphide deposit Land Size

• 760 ha land package

Historical Work

• Stream geochemistry and airborne

geophysical survey

January 2018 TSXV:SAE 29

Investment Highlights

Scale: Camp size properties, with demonstrated potential for high grade gold discoveries Limited Historical Exploration: Fractured and private ownership and depressed metal prices resulted in very little meaningful exploration conducted on the Company’s properties New targets – New discoveries: Focus on developing and testing new targets with good geologic models Well Funded: Company is sufficiently funded to test all drill ready projects Mexican Epithermal Strategy: 3 large untested epithermal systems ready for drilling in Mexico with an extensive portfolio of projects in the pipeline to develop to ‘drill ready’ status A Frontier Golden Triangle in BC: Geological setting present in the ‘Golden Triangle’ (Eskay Creek, Galore Creek, Brucejack, Red Chris) extends into the Toodoggone Arc where the Company controls an impressive land and infrastructure package Year round exploration: Projects spanning from northern BC to southern Mexico allow for four-season exploration to allow for continuous exploration news Stable Jurisdictions: All projects located in stable North American Jurisdictions (BC and Mexico) Proven Team: Tom Obradovich was former CEO of Barkerville Gold Mines, and helped build Barkerville into one of the premier exploration stories in Canada

January 2018 TSXV:SAE 30

Contact

Corporate Head Office: Suite 900 – 999 West Hastings St – Vancouver, BC Call Tom Obradovich for more information: 416-985-7140 Or email: tobradovich@sympatico.ca