SABRE RESOURCES LIMITED — Capital/Financing Update 2018

Sep 20, 2018

==> picture [595 x 117] intentionally omitted <==

ASX ANNOUNCEMENT

20 September 2018

ASX code: SBR

Share Purchase Plan

Sabre Resources Ltd (ASX: SBR) (the Company) announced on the 16 August 2018 an offer of fully paid ordinary shares and one free attaching option per share under a share purchase plan (SPP). The SPP closed on the 19 September 2018. The Company has today issued 1,733,326 fully paid ordinary shares and 1,733,326 Options exercisable at $0.03 each on or before 31 October 2019 to raise $27,000 from receipt of funds from SPP participants.

As announced on the 16 August 2018, the SPP was underwritten to the extent of $500,000. On receipt of the funds from the underwriter the company will issue 33,333,333 fully paid ordinary shares and 33,333,333 Options exercisable at $0.03 each on or before 31 October 2019.

Graham Baldisseri Company Secretary

==> picture [595 x 42] intentionally omitted <==