SABRE RESOURCES LIMITED — Capital/Financing Update 2006

Aug 22, 2006

SABRE RESOURCES LIMITED

$(ACN 003 - 043 - 570)$

1st Floor, Sterling House, 8 Parliament Place WEST PERTH WA 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

22 August 2006

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

Dear Sirs,

Option Placement

We wish to advise that we have placed to clients of AFS License holder Cunningham Securities Pty Ltd, 20 million Options exercisable at 10 cents each on or before 31 December 2012. The issue at 0.5 cents each will raise $100,000 for working capital.

The placement is subject to Shareholder approval and a Notice of Meeting will be despatched to members shortly.

Yours faithfully,

D N ZUKÉRMAN

Director