Results of AGM

About this update from Gabriel Resources Ltd.

Results of AGMNOT FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES OR DISSEMINATION IN THE UNITED STATES LONDON, UK / ACCESS Newswire / December 18, 2025 / Gabriel Resources Ltd. (TSXV:GBU - "Gabriel" or the "Company") is pleased to announce the results of its annual general and special meeting of shareholders (the "AGM") held on December 18, 2025.At the AGM, the shareholders of the Company approved all resolutions placed before them, as set out in the Company's management information circular dated November 17, 2025 (the "Circular"), including: (i) the election of Anna El-Erian, Jeffrey Couch, Dag Cramer, Ali Erfan, Bogdan Juravle, James Lieber and Dragos Tanase as directors of the Company for the ensuing year; (ii) the re-appointment of Ernst & Young LLP as auditor of the Company for the ensuing year, with remuneration to be fixed by the directors; (iii) the adoption of a new fixed 20% stock option plan (the "Option Plan"); and (iv) the approval, confirmation and ratification of the cancellation of 728,801 existing stock options (the "Cancelled Options") and the grant of a total of 38,656,240 new stock options (the "New Options") to certain directors and officers of the Company on November 18, 2025.As previously announced by the Company on November 19, 2025, the board of directors granted the New Options pursuant to the Option Plan, subject to disinterested shareholder approval at the AGM. Each New Option is exercisable for one common share of the Company at an exercise price of $0.075 per share for a period of five years from the date of grant, and the New Options vest six months from the date of grant. The grant of the New Options was approved by the Company's disinterested shareholders at the AGM in accordance with the policies of the TSX Venture Exchange.For more information, please refer to the Circular, which includes a summary of the Option Plan and details of the Cancelled Options and the New Options. A copy of the Circular is available on the Company's website and under the Company's profile on SEDAR+ at www.sedarplus.ca.For further information, please contact:Dragos TanasePresident & [email protected]+1 425 414 9256 Simon LustyGroup General [email protected]+44 782 599 3401 Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture Exchange) accepts...

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