Fourth Quarter and Year-End 2025 Results

About this update from Gabriel Resources Ltd.

Fourth Quarter and Year-End 2025 ResultsTORONTO, ON / ACCESS Newswire / April 29, 2026 / Gabriel Resources Ltd. (TSXV:GBU) ("Gabriel" or the "Company") announces the publication of its financial results for the fourth quarter and year ended December 31, 2025. The following summary should be read in conjunction with the Management's Discussion and Analysis and the audited consolidated financial statements of Gabriel for the year ended December 31, 2025, which are available on SEDAR+ at www.sedarplus.ca.SummaryHighlights for 2025 and events subsequent to the year-end are set out below.ICSID Annulment and Enforcement of Costs OrderOn March 8, 2024, the presiding tribunal in Gabriel's ICSID arbitration claim against Romania issued its final decision, rejecting Gabriel's claims on the merits by a 2-1 majority ("Arbitral Decision") and awarding approximately US$10 million in costs to Romania (the "Costs Order").On July 8, 2024, Gabriel announced that it has filed an application under Article 52 of the ICSID Convention requesting the annulment of the Arbitral Decision ("Annulment Application").A hearing on the merits of the Annulment Application is scheduled before the ICSID ad hoc committee in Washington D.C. on May 11 and 12, 2026.Following the Costs Order, the Romanian State sought precautionary measures restricting the transfer of shares held by Gabriel Resources (Jersey) Limited ("Gabriel Jersey") in Rosia Montana Gold Corporation S.A. ("RMGC") pending satisfaction of the Costs Order. Gabriel Jersey and RMGC have commenced proceedings in Romania challenging the validity of the precautionary seizure and related enforcement measures. While certain challenges have concluded adversely to the Company, several proceedings remain ongoing. For a description of these proceedings, see the accompanying MD&A and financial statements of Gabriel for the year ended December 31, 2025.Bridge LoanOn April 28, 2026, the Company entered into unsecured bridge loan agreements with Electrum Global Holdings L.P. and Paulson & Co., Inc. (collectively, the "Lenders"), each an existing principal shareholder of the Company, pursuant to which the Lenders advanced an aggregate of US$1.5 million to the Company (the "Bridge Loans").The net proceeds of the Bridge Loans will be used as an immediate infusion of short-term working capital to sustain the Company's application to annul ...

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