LONDON, UK — December 18, 2025 — Leads & Copy — Gabriel Resources Ltd. (TSXV:GBU) announced the results of its annual general and special meeting of shareholders (AGM) held on December 18, 2025, where shareholders approved all resolutions.
The resolutions, as detailed in the company’s management information circular dated November 17, 2025, included the election of Anna El-Erian, Jeffrey Couch, Dag Cramer, Ali Erfan, Bogdan Juravle, James Lieber, and Dragos Tanase as directors for the upcoming year.
Shareholders also approved the re-appointment of Ernst & Young LLP as the company’s auditor for the ensuing year, with remuneration to be determined by the directors. A new fixed 20% stock option plan was adopted, and the cancellation of 728,801 existing stock options, along with the grant of 38,656,240 new stock options to certain directors and officers on November 18, 2025, were ratified.
The board of directors had previously announced the grant of the new options on November 19, 2025, pursuant to the Option Plan, contingent upon disinterested shareholder approval at the AGM. Each new option allows the holder to purchase one common share of the company at an exercise price of $0.075 per share, exercisable for five years from the grant date, and vests six months from the grant date.
The company’s disinterested shareholders approved the new option grant at the AGM, in accordance with the policies of the TSX Venture Exchange.
Additional details about the Option Plan, Cancelled Options, and New Options can be found in the Circular, available on the company’s website and on SEDAR+ at www.sedarplus.ca.
Gabriel Resources is a Canadian resource company listed on the TSX Venture Exchange, primarily focused on the exploration and development of the Roșia Montană gold and silver project in Romania. After obtaining the License in June 1999, the Group focused substantially all of their management and financial resources on the exploration, feasibility and subsequent development of the Roşia Montană Project. In late June 2024, the competent authority rejected an extension of the exploitation license for the Roşia Montană Project, which is held by Roșia Montană Gold Corporation S.A., a Romanian company in which Gabriel holds an 80.69% equity interest, with the remaining 19.31% held by Minvest Roșia Montană S.A., a Romanian state-owned mining company.
Dragos Tanase
President & CEO
dt@gabrielresources.com
+1 425 414 9256
Simon Lusty
Group General Counsel
simon.lusty@gabrielresources.com
+44 782 599 3401
Source: Gabriel Resources Ltd.
