SABRE RESOURCES LIMITED — Capital/Financing Update 2009

Sep 24, 2009

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25 September 2009

The Manager Company Announcements Office Australian Securities Exchange Limited Level 4 Exchange Centre 20 Bridge Street SYDNEY NSW 2000

SABRE TO RAISE $ 2.2 MILLION TO DRIVE NAMIBIAN EXPLORATION

The Board of Sabre Resources (ASX: SBR) is pleased to announce that it has reached agreement to place 22 million ordinary fully paid shares to raise $2.2 million.

Pursuant to the agreement the placement at 10 cents per share will be underwritten by Westar Capital Limited.

General Manager – Exploration, Dr Matthew Painter, said the funds would allow the Company to pursue exploration opportunities at its Ongava Poly-Metallic Project in Namibia.

“We are confident that Ongava represents excellent exploration potential, including for copper, lead and zinc,” he said.

“This funding will allow us to move forward with our exploration program, as well as providing additional working capital for the Company.”

Of the 22 million shares to be issued:

• 11 million shares to raise $1.1 million will be issued pursuant to the Company’s 15% placement capacity under the ASX Listing Rules; and

• The remaining 11 million shares will be issued subject to shareholder approval at a General Meeting of the Company.

Yours faithfully, Norman Grafton Company Secretary Sabre Resources Ltd

For further information please contact: Norman Grafton – Company Secretary

Phone (08) 9481 7833

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