SABRE RESOURCES LIMITED — Capital/Financing Update 2006

Mar 1, 2006

SABRE RESOURCES LTD

ACN 003-043-570

1st Floor, 8 Parliament Place, West Perth WA 6005 PO Box 1618, West Perth WA 6872 Tel: (08) 9481-7833 Fax: (08) 9481-7835 Email:: sabre@sabresources.com Website: www.sabresources.com W

2 March 2006

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

Dear Sirs.

ISSUE OF SABRE RESOURCES LTD SHARES & OPTIONS SECONDARY TRADING NOTICE PURSUANT TO SECTION 708A(5)(e) of the Corporations Act 2001

On 15 February 2006 the Company announced that it had placed to clients of Cunningham Securities Ltd 3 million fully paid ordinary shares at 10 cents each together with one free attached option for every share allotted exercisable at 10 cents each on or before 31 December 2012. The shares rank equally with all existing ordinary shares and the options rank equally with all existing options previously issued except for the expiry date.

Secondary Trading Exemption

The Act restricts the on-sale of securities issued without disclosure, unless the sale is exempt under section 708 or 708A. By the Company giving this notice, a sale of the Securities noted above will fall within the exemption in section 708A(5) of the Act.

The Company hereby notifies ASX under paragraph 708A(5)(e) of the Act that:

• a) The Company has issued the Securities without disclosure to investors under Part6D.2 of the Act:

• b) As at 2 March 2006 the Company has complied with the provisions of Chapter 2M of the Act as they apply to the Company, and section 674 of the Act; and

• c) As at 2 March 2006 there is no information:

  • $\mathbf{i}$ that has been excluded from a continuous disclosure notice in accordance with the ASX Listing Rules; and

• that investors and their professional advisors would reasonably require for the $\mathsf{ii}$ purpose of making an informed assessment of:

  • A) the assets and liabilities, financial position and performance, profits and losses and prospects of the Company; or
  • B) the rights and liabilities attaching to the Securities.

Yours faithfully, Sabre Resources Ltd

$\mathbb{C}$ D'N ZUKERMAN

Director