SABRE RESOURCES LIMITED — Capital/Financing Update 2021

Dec 14, 2021

ASX code: SBR

ASX ANNOUNCEMENT 15 December 2021

Notice Under Section 708A of the Corporations Act

Sabre Resources Limited (Company) advises that the Company has issued 35,000,000 fully paid ordinary shares as a deposit on signing the Chalco Sale Agreement, and 3,500,000 fully paid ordinary shares as partial consideration upon signing a binding agreement to earn an 80% interest in the Sherlock Pool E47/4345. The issue of these shares is in accordance with the announcement to the ASX on 13 December 2021.

The Company provides the following information pursuant to Section 708A(5)(e) of the Corporations Act.

The issue was made without disclosure under Part 6D of the Corporations Act, using the Company's placement capacity under ASX Listing Rule 7.1 (15%), under Section 708(1) of the Corporations Act. Shares issued rank equally with all other fully paid ordinary shares (ASX: SBR).

As at the date of this notice, the Company has complied with:

(a) The provisions of Chapter 2M of the Corporations Act;

(b) Section 674 and Section 674A of the Corporations Act; and

There is no excluded information for the purposes of Sections 708(7) and (8) of the Corporations Act.

This announcement was authorised for released by the Board of Directors.

Sincerely.

Michael Muhling Company Secretary Sabre Resources Ltd Phone: +61 8 9481 7833