SABRE RESOURCES LIMITED — Capital/Financing Update 2011

Nov 13, 2011

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ASX ANNOUNCEMENT & MEDIA RELEASE

14 November 2011

S HAR E PLACEMEN T

The Directors of Sabre Res o urces Ltd ( A SX:SBR) are pleased to announce t h at the Company has completed a placement of 16.5 mill i on shares a t $0.1175 p e r share to s ophisticate d and prof e ssional inv e stor clients of BBY Limi t ed, raising a pproximately $1.94 milli o n.

The funds will primarily b e applied t o following u p on the h igh-grade c hannel sa m ples ann o unced on 8 November 2011 at the highly pros p ective poly- m etallic Kas k ara base metals dep o sit through ongoing priority testin g , sampling and drilling to delineat e the extent and gra d e of minera l isation.

Bot h the overlying weather e d massive V -Pb-Zn-Cu mineralisation and the potential primary cop p er-rich (Cu - Pb-Zn) sulphide minera l isation beli e ved to be b e low the we a thered zon e will be t a rgeted.

Norman Grafton Company Secretary Sabre Resources Ltd

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