20% Fixed Stock Option Plan and Grant of Options
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PRESS RELEASE
FOR IMMEDIATE RELEASE
NOT FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES OR DISSEMINATION IN THE UNITED STATES
November 19, 2025
20% Fixed Stock Option Plan and Grant of Options
Gabriel Resources Ltd. (TSXV: GBU - “Gabriel” or the “Company”) announces that its board of directors has
approved the adoption of a new 20% fixed stock option plan (the “Plan”) to replace the Company's existing fixed
stock option plan. The Plan is subject to approval of the shareholders of the Company at the annual and special
meeting of shareholders to be held on December 18, 2025 (the “Meeting”) in accordance with the policies of
the TSX Venture Exchange (the “Exchange”), as well as the final acceptance of the Exchange.
Further details of the proposals and a copy of the Plan will be included in the management information circular
of the Company and the proxy-related meeting materials for the Meeting, which will be mailed to securityholders
on or around November 21, 2025.
The Company also announces that it has granted a total of 38,656,240 incentive stock options (“ Options”) to
certain directors and officers of the Company pursuant to the Plan. Each 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.
The Options will vest six m onths from the date of grant. The grant of Options is subject to the approval of
disinterested shareholders of the Company at the Meeting in accordance with the policies of the Exchange.
For information on this press release, please contact:
Dragos Tanase
President & CEO
+1 425 414 9256
Simon Lusty
Group General Counsel
+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 responsibility for the adequacy or accuracy of this release.
Further Information
About Gabriel
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 Roșia Montană gold and silver project in Romania, one of the largest undeveloped gold deposits
in Eu rope. Upon 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. An extension of the exploitation
license for the Roşia Montană Project (held by Roșia Montană Gold Corporation S.A., a Romanian company in which Gabriel owns
an 80.69% equity interest, with the 19.31% balance held by Minvest Roșia Montană S.A., a Romanian state-owned mining company)
was rejected by the competent authority in late June 2024.
Forward-looking Statements
This news release includes certain "forward -looking statements" which are not comprised of historical facts. Forward -looking
statements include estimates and statements that describe the Company's future plans, objectives or goals, including words to the
effect that the Company or management expects a stated condition or result to occur. Forward-looking statements may be identified
by such terms as "believes", "anticipates", "expects", "estimates", "may", "could", "would", "will", or "plan". Since forward -looking
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statements are based on assumptions and address future events and conditions, by their very nature they involve inherent risk s
and uncertainties. Although these statements are based on information currently available to the Company, the Company provides
no assurance that actual results will meet management's expectations. Risks, uncertainties and other factors involved with forward-
looking information could cause actual events, results, performance, prospects and opportunities to differ materially from th ose
expressed or implied by such forward -looking information. Forward looking information in this news release includes, but is not
limited to, information about the timing for receipt of required shareholder and regulatory approvals, including the acceptance of the
Exchange, the Company's objectives, goals or future plans, exploration results, potential mineralization, the estimation of m ineral
resources, exploration and mine development plans, timing of the commencement of operations and estimates of market conditions.
Factors that could cause actual results to differ materially from such forward-looking information include, but are not limited to, the
inability to receive required shareholder and regulatory approvals, including the acceptance of the Exchang e, failure to identify
mineral resources, failure to convert estimated mineral resources to reserves, the inability to complete a feasibility study which
recommends a production decision, the preliminary nature of metallurgical test results, delays in obta ining or failures to obtain
required governmental, environmental or other project approvals, political risks, inability to fulfill the duty to accommodat e First
Nations and other indigenous peoples, uncertainties relating to the availability and costs of financing needed in the future, changes
in equity markets, inflation, changes in exchange rates, fluctuations in commodity prices, delays in the development of proje cts,
capital and operating costs varying significantly from estimates and the other risks in volved in the mineral exploration and
development industry, and those risks set out in the Company's public documents filed on SEDAR. Although the Company believes
that the assumptions and factors used in preparing the forward -looking information in this n ews release are reasonable, undue
reliance should not be placed on such information, which only applies as of the date of this news release, and no assurance c an
be given that such events will occur in the disclosed time frames or at all. The Company discl aims any intention or obligation to
update or revise any forward-looking information, whether as a result of new information, future events or otherwise, other than as
required by law.
ENDS