Sable Mining Africa Regulatory News (SBLM)

Sable Mining Africa Ltd / Index: AIM / Epic: SBLM / Sector: Natural Resources

14 October 2013

Sable Mining Africa Limited ('Sable Mining' or the 'Company')

Further High Grade DSO Results from Plateau 2 of Nimba Iron Ore Project

Sable Mining Africa Limited, the AIM listed exploration company, is pleased to announce further encouraging assay results from the Company's recently completed expansion exploration programme at the Nimba Iron Ore Project in south-east Guinea ('Nimba Project').

Overview

· Further highly encouraging assay results demonstrating high grade canga in the expansion area, including:

o 28.5m @ 58.5% iron ('Fe') (includes 4.0m of cavities)

o 19.5m @ 59.7% Fe (includes 1.0m of cavities)

o 15.4m @ 60.8% Fe

o 17.8m @ 58.6% Fe (includes 4.0m of cavities)

· Latest results received from 14 diamond drill holes on Plateau 2 - assays from 21 holes of the total 25 exploration diamond drill holes on Plateau 2 now received and processed

· Drill programme on extension area is anticipated to significantly enhance the current JORC Code compliant Mineral Resource of 135.5Mt at an in-situ grade of 59.4% (see announcement dated 13 September 2013 for full details)

· Canga mineralised extension area is approximately 200m wide and up to 3.9km long with an adjusted exploration target of between 35Mt and 70Mt, taken from Plateau 2 and Plateau 3 - tonnes adjusted to cater for cavities being identified within the ore

· Inclusion of extension area exploration target brings total Nimba Plateaux 2 and 3 exploration target to up to 200Mt, which the Company is targeting to delineate before the end of Q4 2013

· Remaining batches from Plateau 2 and Plateau 3 drill holes delivered to Ultratrace laboratory in Perth - further results to be released in due course

Sable Mining CEO Andrew Groves said, "These latest results, which include grades of up to 63.1% over 6.3m and vertical widths of up to 28.5m at 58.5% Fe, continue to highlight the high quality of this direct shipping ore ('DSO') asset. Together with the recently granted Mining Licence and Export Decree, I believe the commercial value of the Nimba Project is clearly evident and I look forward to delivering on our additional near term value objectives, including the publication of an updated Resource and Pre-Feasibility Study, in the near future."

Table 1: Assay results for Plateau 2, Nimba Project (analysis by Ultratrace Laboratories, Perth for diamond drill hole composites)

These results must be seen in the context of an extension of the existing exploratory grid programme aimed at confirming the presence of additional canga material on Plateau 2.

The information in this announcement that relates to Mineral Exploration results and Mineral Resources, together with any related assessments and interpretations have been reviewed by a qualified geologist. Kevin Lowe, Principal Consultant Geologist at Xstract Mining Consultants Pty Ltd has sufficient experience which is relevant to the style of mineralisation and type of deposit under consideration and to the activity which he is undertaking to qualify as a qualified person as defined by the AIM Note for Mining and Oil & Gas Companies.

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