Sable Resources to consolidate shares at 10-to-1 ratio

Sable Resources Ltd. (TSXV: SAE | OTCQB: SBLRF) announced that its board of directors has approved a 10-to-1 share consolidation, effective August 4, 2026, pending approval from the TSX Venture Exchange.

The consolidation will reduce the company's issued and outstanding shares from 320,231,563 to approximately 32,023,156. Shareholders approved the consolidation at the company's annual and special meeting held on July 14, 2026.

No fractional shares will be issued. Fractions equal to or greater than one-half will be rounded up to the next whole number, while fractions less than one-half will be rounded down. No cash consideration will be paid for fractional shares.

The shares are expected to begin trading on a post-consolidation basis on the TSXV when markets open on or about August 4, 2026. The company's shares will continue to trade under the symbols "SAE" on the TSXV and "SBLRF" on the OTCQB under a new CUSIP/ISIN number: 785713884/CA7857138845.

Outstanding convertible securities will be proportionately adjusted to reflect the consolidation. Registered shareholders will receive a letter of transmittal from transfer agent TSX Trust Company with instructions for exchanging their share certificates. Beneficial holders are advised to contact their broker or intermediary.

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