Results of AGM

Executive Summary

• Gabriel Resources held its annual general and special meeting, approving election of seven new directors.
• The board re‑appointed Ernst & Young LLP as auditor and adopted a fixed 20% stock option plan.
• Shareholders ratified the cancellation of 728,801 existing options and the grant of 38,656,240 new options at $0.075 per share, vesting six months after grant and exercisable for five years.

Key Details

• Directors elected: Anna El‑Erian, Jeffrey Couch, Dag Cramer, Ali Erfan, Bogdan Juravle, James Lieber, Dragos Tanase (for the ensuing year).
• Auditor re‑appointment: Ernst & Young LLP, remuneration to be set by directors.
• Option Plan: New fixed 20% stock option plan adopted.
• Cancelled Options: 728,801 existing options cancelled.
• New Options granted: 38,656,240 options to certain directors and officers (grant date: 2025‑11‑18).
• Exercise price: $0.075 per common share.
• Vesting schedule: Options vest six months from grant date; exercisable for five years from grant date.
• Shareholder approval: New options approved by disinterested shareholders at the AGM in accordance with TSX Venture Exchange policies.

Notable Quotes

(No executive quotes included in the release.)