SABRE RESOURCES LIMITED — Capital/Financing Update 2005

Feb 23, 2005

SABRE RESOURCES LIMITED

$(ACN 003-043-570)$

1st Floor, Sterling House, 8 Parliament Place WEST PERTH W A 6005 Postal: PO Box 1618, WEST PERTH WA 6872 Phone: (08) 9481 7833 Fax: (08) 9481 7835 E-mail: sabre@sabresources.com Website: www.sabresources.com

24th February 2005

Australian Stock Exchange Companies Announcement Office 20 Bond Street SYDNEY NSW 2000

Placement

We are pleased to advise that we have today placed 2,160,000 Ordinary Shares in the Company at an issue price of 12.5 cents each to raise $270,000 for working capital and or project acquisition.

The issue does not require a Prospectus under the Corporations Act.

Yours faithfully

D N Zukerman Director