SABRE RESOURCES LIMITED — Capital/Financing Update 2012

Sep 5, 2012

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ASX ANNOUNCEMENT 6 September 2012

DRILLING COMMENCES FROM PAD TWO

Sabre geologist Crispen Mutizwa examining the first diamond core from Pad 2 at Guchab.

HIGHLIGHTS

• The diamond drill rig is in position on Pad 2 at Guchab and drilling is now underway,

• Pad 2 is located 500 metres to the west of Pad 1, adjacent to the western mine workings at Guchab.

• The diamond drilling from Pad 1 at Guchab showed significant visual copper mineralisation, with results from holes GCDD0003-0005 due early next week.

GUCHAB DRILLING PROGRAMME

Sabre is pleased to announce that drilling has commenced on Pad 2 at Guchab. Pad 2 is located adjacent to the western mine workings, 500 metres to the west of Pad 1 which is located on the Eastern Adits (Figure 1). An intital programme of nine holes is planned from this location, however it may be altered as drilling progresses.

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Figure 1 – Imagery of the Guchab area showing Drill Pad locations, topography and outline of elevated surface copper mineralisation (in red).

The results from the remaining drill holes on Pad 1 (GCDD0003, 0004 & 0005) are currently being processed, with results expected to be reported in the week beginning 10 September 2012.

Sabre looks forward to updating shareholders as drilling progresses on Pad 2 and results are received from the ongoing reconnaissance drilling programme.

Tim Putt Chief Executive Officer Sabre Resources Ltd

For further information regarding the Company’s activities, please contact:

Mr Timothy Putt Chief Executive Officer Phone (08) 9481 7833

Or consult our website:

Dr Matthew Painter General Manager – Exploration Phone (08) 9481 7833

www.sabresources.com

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SABRE’S OTAVI MOUNTAIN LAND COPPER PROJECT

The Otavi Mountain Land Copper Project (‘OML’) is located in northern Namibia, lying within the triangle created by the mining towns of Tsumeb, Otavi and Grootfontein.

The entire region is well served by sealed roads, high voltage power, telephone and water, rail to port and is close to major towns and mining processing facilities, including the Kombat copper concentrator and Tsumeb Smelter complex (one of only five operating smelters in Africa).

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Sabre’s OML project consists of two Exclusive Prospecting Licenses (EPL 3540 & 3542), which cover more than 800 km[2] of highly prospective base metal stratigraphy. Sabre has identified two key copper trends within its project area, each covering more than 25 km of strike, defined by surface geochemistry and historical workings.These extensive copper trends, namely the Lucas Post and Kombat Trends, are the present focus of exploration.

The region hosts a number of world class Copper, Zinc, Lead, Silver and Vanadium mines, including the Tsumeb & Kombat Copper mines. The Otavi Valley tenement (EPL 3540) surrounds the Kombat Copper mine on all sides and covers the strike extensions of the mine stratigraphy. To date, the Kombat Mine has produced more than 8.7 Mt @ 3.1% Cu, 1.1 Pb and 26 gpt Ag.

Forward-Looking Statements

This document may include forward-looking statements. Forward-looking statements include, but are not limited to, statements concerning Sabre Resources Ltd’s planned exploration programme and other statements that are not historical facts. When used in this document, the words such as "could," "plan," "estimate," "expect," "intend," "may”, "potential," "should," and similar expressions are forward-looking statements. Although Sabre Resources Ltd believes that its expectations reflected in these forward-looking statements are reasonable, such statements involve risks and uncertainties and no assurance can be given that actual results will be consistent with these forward-looking statements.

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