Sable Adopts Shareholders Rights Plan and Announces Annual & Special Meeting of Shareholders

VANCOUVER, BC, July 18, 2022 /CNW/ - Sable Resources Ltd. ("Sable" or the "Company") (TSXV:SAE.VN) (OTC-BB:SBLRF) announces that it has  entered into a shareholder rights plan agreement (the "Plan") with TSX Trust Company as rights agent effective July 18, 2022.  The Plan is similar to rights plans adopted by other Canadian public companies and has not been adopted in response to any pending or threatened takeover bid for the Company nor is the Company aware of any such effort.  Rather, the Plan has been adopted with a view to ensuring, to the extent possible, that all shareholders of the Company have an equal opportunity to participate in, and are treated fairly in the event of a "creeping takeover bid" for the Company.  Creeping takeover bids, which were not addressed in Canada's takeover bid regime updated in May 2016, occur where acquisition of effective control takes place through a number of share purchases over time.