Saber Capital Corp. Announces TSXV Conditional Approval, Confirmation of the Short Form Offering Terms and Filing on SEDAR of Filing Statement

VANCOUVER, BRITISH COLUMBIA--(Marketwired - Dec. 2, 2016) - Saber Capital Corp. (TSX VENTURE:SAB.H) ("Saber" or the "Company"), a capital pool company, is pleased to announce that it has received conditional acceptance from the TSX Venture Exchange (the "Exchange") relating to its previously announced proposed qualifying transaction (the "Transaction") with Emblem Corp. ("Emblem"). The Transaction, which remains subject to the final approval of the Exchange, is currently scheduled to close on or about December 6, 2016. The common shares of the Company are expected to resume trading on the Exchange under the symbol "EMC" after the Exchange issues its final bulletin in respect of the Transaction.

A filing statement prepared in accordance with the requirements of the Exchange in connection with the Transaction and dated November 30, 2016 (the "Filing Statement") has been filed with the Exchange and the applicable Canadian securities regulators on SEDAR and is available at www.sedar.com. The Filing Statement contains disclosure with respect to the business and operations of the Company and Emblem.

Short Form Offering Document Financing

Pursuant to an agency agreement dated November 10, 2016 (the "Agency Agreement") among the Company, Emblem and PI Financial Corp. (the "Agent"), the Company will be undertaking the previously announced financing (the "Offering") to be completed by way of Short Form Offering Document in accordance with Exchange policies. The Offering will consist of 1,739,130 units (each a "Unit") of Saber at a price of $1.15 per Unit for gross proceeds of $1,999,999.55.

Each Unit will consist of one post-consolidation common share of the Company (each common share of the Company will be consolidated on the basis of one post-consolidation Saber common share for every 4 pre-consolidation Saber common shares prior to closing of the Transaction and Offering) and one-half of one common share purchase warrant (each a "Warrant"), with each whole Warrant entitling the holder to purchase an additional post-consolidation Saber common share at a price of $1.75 per post-consolidation common share for a period of 36 months from the closing date of the Offering.