Results of AGM
Results of AGM
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PRESS RELEASE
FOR IMMEDIATE RELEASE
August 3, 2022
Results of AGM
Gabriel Resources Ltd. (“Gabriel” or the “Company”) announces that all of the matters submitted to shareholders
for approval, as set out in the Company’s Management Information Circular dated June 28, 2022 (“Circular”),
were approved by the requisite majority of votes cast at its annual general and special meeting (“Meeting”) held
in Vancouver, British Columbia, earlier today, including resolutions:
• Re-electing Dag Cramer, Ali Erfan, Dan Kochav, Anna El -Erian, James Lieber, Jeffrey Couch and Dragos
Tanase as directors of the Company;
• Re-appointing PricewaterhouseCoopers LLP as auditors of the Company for the ensuing year and
authorizing the directors of the Company to fix its remuneration; and
• Approving certain amendments to the incentive stock option plan of the Company (the “Option Plan”).
The amendments to the Option Plan remain subject to the final approval of the TSX Venture Exchange.
For further details regarding the matters approved at the Meeting, please see a copy of the Circular, which is
available on the Company’s SEDAR profile at www.sedar.com or its website at www.gabrielresources.com.
For information on this press release, please contact:
Dragos Tanase
President & CEO
Phone: +40 730 399 019
Simon Lusty
Group General Counsel
Mobile: +44 7825 993401
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.
About Gabriel
Gabriel is a Canadian resource company listed on the TSX Venture Exchange. The Company’s principal business had been the exploration
and development of the Roșia Montană gold and silver project in Romania. The Roşia Montană Project, one of the largest undeveloped
gold deposits in Europe, is situated in the South Apuseni Mountains of Transylvania, Romania, an historic and prolific mining district that
since pre-Roman times has been mined intermittently for over 2,000 years. The exploitation license for the Roşia Montană Project is 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.
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. Despite the Company’s fulfilment of its legal obligations and its
development of the Roşia Montană Project as a high- quality, sustainable and environmentally -responsible mining project, using best
available techniques, Romania has unlawfully blocked and prevented implementation of the Roşia Montană Pr oject without due process
and without compensation. Accordingly, the Company’s current core focus is the ICSID Arbitration. For more information i nvestors are
urged to read the Company’s filings with Canadian securities regulatory agencies which can be viewed online at www.sedar.com, or please
visit the Company’s website at www.gabrielresources.com.