SABRE RESOURCES LIMITED — Share Issue/Capital Change 2010

Oct 17, 2010

Rule 2.7, 3.10.3, 3.10.4, 3.10.5

Appendix 3B

New issue announcement, application for quotation of additional securities and agreement

Information or documents not available now must be given to ASX as soon as available. Information and documents given to ASX become ASX’s property and may be made public.

Introduced 1/7/96. Origin: Appendix 5. Amended 1/7/98, 1/9/99, 1/7/2000, 30/9/2001, 11/3/2002, 1/1/2003, 24/10/2005.

Name of entity

SABRE RESOURCES LIMITED

ABN

68 003 043 570

We (the entity) give ASX the following information.

Part 1 - All issues

You must complete the relevant sections (attach sheets if there is not enough space).

1+Class of+securities issued or to be issued2Number of+securities issued or to be issued(if known) or maximum number which maybe issued3Principal terms of the+securities (eg, ifoptions, exercise price and expiry date; ifpartly paid+securities, the amountoutstanding and due dates for payment; if+convertible securities, the conversion priceand dates for conversion)4Do the+securities rank equally in all respectsfrom the date of allotment with an existing+class of quoted+securities?If the additional securities do not rankequally, please state:• the date from which they do• the extent to which they participate for thenext dividend, (in the case of a trustdistribution) or interest payment• the extent to which they do not rankequally, other than in relation to the nexdividend, distribution or interest payment5Issue price or consideration	Ordinary fully paid shares
	100,000 ordinary fully paid shares
	Exercise of 100,000 unlisted options with anexercise price of 25 cents each
	, tThe Shares rank equally in all respects withthe existing ordinary fully paid shares
	$50,000 total exercise price for the options

• See chapter 19 for defined terms.

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• 6 Purpose of the issue (If issued as consideration for the acquisition of assets, clearly identify those assets)

Exercise of options

• 7 Dates of entering[+] securities into uncertificated holdings or despatch of certificates

13 October 2010

Number +Class

• 8 Number and[+] class of all[+] securities quoted on ASX ( including the securities in clause 2 if applicable)

  • 109,902,997 Fully paid ordinary shares

• 9 Number and[+] class of all[+] securities not quoted on ASX ( including the securities in clause 2 if applicable)

Number +Class 23,000,000 Unquoted options exercisable at 10 cents each and expiring 31 December 2012 250,000 Unquoted options exercisable at 30 cents each and expiring 1 November 2010 250,000 Unquoted options exercisable at 40 cents each and expiring on 1 November 2010 8,650,000 Unquoted Options exercisable at 25 cents each and expiring on 30 November 2011

• 10 Dividend policy (in the case of a trust, distribution policy) on the increased capital (interests)

Dividend policy not yet implemented

Part 2 - Bonus issue or pro rata issue

• 11 Is security holder approval required?

• 12 Is the issue renounceable or non-renounceable?

• 13 Ratio in which the[+] securities will be offered

• 14 +Class of +securities to which the offer relates

• 15 +Record date to determine entitlements

• 16 Will holdings on different registers (or subregisters) be aggregated for calculating entitlements?

17Policy for deciding entitlements in relation tofractions18Names of countries in which the entity has+security holders who will not be sent new issuedocumentsNote: Security holders must be told how their entitlements are to be dealwith.Cross reference: rule 7.7.19Closing date for receipt of acceptances orenunciations20Names of any underwriters21Amount of any underwriting fee or commission22Names of any brokers to the issue23Fee or commission payable to the broker to theissue24Amount of any handling fee payable to brokerswho lodge acceptances or renunciations on behalof+security holders25If the issue is contingent on+security holdersapproval, the date of the meeting26Date entitlement and acceptance form andprospectus or Product Disclosure Statement will besent to persons entitled27If the entity has issued options, and the termsentitle option holders to participate on exercise, thedate on which notices will be sent to option holders28Date rights trading will begin (if applicable)29Date rights trading will end (if applicable)30How do+security holders sell their entitlements_in__full_through a broker?31How do+security holders sell_part_of theirentitlements through a broker and accept for thebalance?32How do+security holders dispose of theirentitlements (except by sale through a broker)?33+Despatch date
	t
	r
	f
	’

• See chapter 19 for defined terms.

24/10/2005 Appendix 3B Page 3

Part 3 - Quotation of securities

You need only complete this section if you are applying for quotation of securities

34 Type of securities ( tick one )

• (a) ⌧ Securities described in Part 1

• (b) All other securities

Example: restricted securities at the end of the escrowed period, partly paid securities that become fully paid, employee incentive share securities when restriction ends, securities issued on expiry or conversion of convertible securities

Entities that have ticked box 34(a)

Additional securities forming a new class of securities

Tick to indicate you are providing the information or documents

35			If the+securities are+equity securities, the names of the 20 largest holders of the additional+securities,and the number and percentage of additional+securities held by those holders
36			If the+securities are+equity securities, a distribution schedule of the additional+securities setting outthe number of holders in the categories
			1 - 1,000
			1,001 - 5,000
			5,001 - 10,000
			10,001 - 100,000
			100,001 and over
37			A copy of any trust deed for the additional+securities

Entities that have ticked box 34(b)

38	Number of securities for which+quotation is sought
39	Class of+securities for which quotation is sought
40	Do the+securities rank equally in all respects from the
	date of allotment with an existing+class of quoted
	+securities?
	If the additional securities do not rank equally, please
	state:
	• the date from which they do
	• the extent to which they participate for the next
	dividend, (in the case of a trust, distribution) or
	interest payment
	• the extent to which they do not rank equally, other
	than in relation to the next dividend, distribution or
	interest payment
41	Reason for request for quotation now
	the case of restricted securities, end of restriction period (if issued upon
	conversion of another security, clearly identify that other security)
		Number	+Class

• 42 Number and[+] class of all[+] securities quoted on ASX ( including the securities in clause 38)

Quotation agreement

• 1 +Quotation of our additional +securities is in ASX’s absolute discretion. ASX may quote the +securities on any conditions it decides.

• 2 We warrant the following to ASX.

  • The issue of the[+] securities to be quoted complies with the law and is not for an illegal purpose.

  • There is no reason why those[+] securities should not be granted[+] quotation.

  • An offer of the[+] securities for sale within 12 months after their issue will not require disclosure under section 707(3) or section 1012C(6) of the Corporations Act.

Note: An entity may need to obtain appropriate warranties from subscribers for the securities in order to be able to give this warranty

• Section 724 or section 1016E of the Corporations Act does not apply to any applications received by us in relation to any[+] securities to be quoted and that no-one has any right to return any +securities to be quoted under sections 737, 738 or 1016F of the Corporations Act at the time that we request that the[+] securities be quoted.

• If we are a trust, we warrant that no person has the right to return the[+] securities to be quoted under section 1019B of the Corporations Act at the time that we request that the[+] securities be quoted.

• 3 We will indemnify ASX to the fullest extent permitted by law in respect of any claim, action or expense arising from or connected with any breach of the warranties in this agreement.

• 4 We give ASX the information and documents required by this form. If any information or document not available now, will give it to ASX before[+] quotation of the[+] securities begins. We acknowledge that ASX is relying on the information and documents. We warrant that they are (will be) true and complete.

Sign here: Lodged electronically Date: 18 October 2010 Norman Grafton Company secretary

== == == == ==

• See chapter 19 for defined terms.

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