Gabriel shareholders approve all resolutions at AGM

Executive Summary

• Gabriel Resources Ltd. reported the results of its Annual General and Special Meeting of Shareholders held on December 18, 2025.
• Shareholders approved all resolutions, including the election of seven directors, the reappointment of Ernst & Young LLP as auditor, and the adoption of a new fixed 20% stock option plan.
• The meeting served to ratify the cancellation of 728,801 existing stock options and the grant of 38,656,240 new stock options to directors and officers, which had been previously granted on November 18, 2025.

Key Details

• Director Elections: The following individuals were elected as directors for the ensuing year: Anna El-Erian, Jeffrey Couch, Dag Cramer, Ali Erfan, Bogdan Juravle, James Lieber, and Dragos Tanase.
• Auditor Reappointment: Ernst & Young LLP was reappointed as auditor for the ensuing year, with remuneration to be fixed by the directors.
• Stock Option Plan Adoption: Shareholders adopted a new fixed 20% stock option plan.
• Option Cancellations and Grants:
  • Cancellation of 728,801 existing stock options.
  • Grant of 38,656,240 new stock options to certain directors and officers.
  • The grant was originally made on November 18, 2025, subject to disinterested shareholder approval.
• Option Terms:
  • Each new option is exercisable for one common share.
  • Exercise price: 7.5 cents per share.
  • Term: Five years from the date of grant.
  • Vesting: Six months from the date of grant.
• Regulatory Compliance: The grant of new options was approved in accordance with the policies of the TSX Venture Exchange.

Notable Quotes

• No direct quotes from management were included in the release text provided.