Gabriel increases private placement to $2.86M (U.S.)

Mr. Dragos Tanase reports GABRIEL RESOURCES ANNOUNCES UPSIZING OF OFFERING Gabriel Resources Ltd. has increased the size of its previously announced non-brokered private placement and will offer up to 37,441,457 units of the company at a price of 10.5 Canadian cents per unit for aggregate gross proceeds of up to $2,865,000 (U.S.). For more information on the offering, please see the company's press release dated Aug. 29, 2025, which is available under the company's SEDAR+ profile. Each unit will consist of one common share in the capital of the company and one common share purchase warrant. Each warrant will entitle the holder to purchase one common share in the capital of the company for a period of five years from the date of closing of the offering at an exercise price of 14 Canadian cents per common share. Closing of the offering is subject to customary closing conditions, including, but not limited to, the receipt of all necessary approvals, including the approval of the TSX Venture Exchange. The net proceeds of the offering are intended to be used for general corporate purposes, including, without limitation, the costs and expenses of pursuing the company's ICSID annulment application and for critical operational expenses. The participation of certain insiders of the company in the offering constitutes a related-party transaction within the meaning of Multilateral Instrument 61-101 (Protection of Minority Security Holders in Special Transactions). The company intends to rely on exemptions from the formal valuation and minority approval requirements provided for in Sections 5.5(g) and 5.7(1)(e) of MI 61-101 on the basis that the company is in serious financial difficulty, the offering is designed to improve the company's financial position and the terms of the offering are reasonable in the circumstances. The company will not pay any finders' fees in respect of the procurement of arm's-length subscribers in connection with the offering. About Gabriel Resources Ltd. Gabriel is a Canadian resource company listed on the TSX Venture Exchange. The company's principal business has been the exploration and development of the Rosia Montana gold and silver project in Romania, one of the largest undeveloped gold deposits in Europe. Upon obtaining the licence in June, 1999, the group focused substantially all of its management and financial resources on the exploration, feasibility and subsequent development of the Rosia Montana project. An extension of the exploitation licence for the Rosia Montana project (held by Rosia Montana Gold Corp. SA, a Romanian company in which Gabriel owns an 80.69-per-cent equity interest, with the 19.31-per-cent balance held by Minvest Rosia Montana SA, a Romanian state-owned mining company), was rejected by the competent authority in late June, 2024. We seek Safe Harbor.