SABRE RESOURCES LIMITED — Interim / Quarterly Report 2005

Apr 28, 2005

SABRE RESOURCES LIMITED

(ACN 003-043-570)

^1st Floor, Sterling House, 8 Parliament Place WEST PERTH WA 6005 Postal: PO Box 1618, WEST PERTH WA 6872 Phone: (08) 9481 7833 Fax: (08) 9481 7835 E-mail: sabre@sabresources.com Website: www.sabresources.com

28^th April 2005

The Manager - Companies Australian Stock Exchange Exchange Centre 20 Bond Street SYDNEY NSW 2000

Sabre Resources Ltd - Quarterly Report for the period January 1^st to March 31^st 2005.

Gnamma Dam Nickel Prospect

The project comprises 14 Prospecting Licences (P25/1766-1775 and P25/1783-1786) covering a total of 20 square kilometres in the Bulong area east of Kalgoorlie WA.

The project area covers Archaean mafic, ultramafic and felsic volcanic rock types as well as sedimentary suites, comprising the Bulong Greenstone Belt. Younger dolerites have intruded the sequence.

Results from earlier exploration confirm the presence of gold and base metal mineralisation anomalous zones that require further drill testing at depth and highlight the exploration potential of the area.

Nickel potential in the ultramafic units has been recognised and evidence of sulphides has been observed in bedrock outcrops but no significant exploration for this commodity has yet been carried out.

This project was acquired on 25^th February 2005 and is subject to shareholder approval at a meeting to be held on 29 April 2005.

Gold Prospects (Western Australia)

The tenements are in the Jitarning area, some 250 km to the south-east of Perth, in the Western Australian wheat belt. They overlie the recently identified Corrigin Greenstone Belt.

A. Jitarning South-East (E 70/2382)

The project area is located 26 Kilometres to the north-west of Lake Grace. The project is essentially a grass roots examination of an under-explored greenstone belt. The review of past work has identified areas where earlier drilling may have inadequately tested the known target. No field work was completed during the quarter.

B. Neendaling (E 70/2383)

The project area is located 14 Kilometres to the north-west of Lake Grace, and adjacent to the previously mined Griffin's Find open pit on the Corrigin Greenstone Belt. No field work was completed during the quarter.

D N ZUKERMAN Director

Competent Person Declaration

The information contained within this report that relates to mineralization and Mineral Resources is based on, and accurately reflect, information compiled by Malcolm Castle, who is an Independent geological consultant and is a corporate member of the Australasian Institute of Mining and Metallurgy. Malcolm Castle has in excess of five years experience which is relevant to the style of mineralization under consideration and is considered a "Competent Person" as defined by the "Australasian Code for Reporting of Mineral Resources and Ore Reserves"