Mr. Dragos Tanase reports

20% FIXED STOCK OPTION PLAN AND GRANT OF OPTIONS

Gabriel Resources Ltd.'s board of directors has approved the adoption of a new 20-per-cent fixed stock option 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 Dec. 18, 2025, in accordance with the policies of the TSX Venture 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 Nov. 21, 2025.

The company also announces that it has granted a total of 38,656,240 incentive stock 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 7.5 cents per share for a period of five years from the date of grant. The options will vest six months 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.

About Gabriel Resources Ltd.

Gabriel is a Canadian resource company listed on the TSX-V. 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.