Extension of Final Tranche of Private Placement

NOT FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES OR DISSEMINATION IN THE UNITED STATES

LONDON, UK / ACCESS Newswire / October 14, 2025 / Gabriel Resources Ltd. (TSXV:GBU) ("Gabriel" or the "Company") announces that the TSX Venture Exchange (the "Exchange") has granted the Company an extension to complete its previously announced non-brokered private placement of up to 37,441,457 units of the Company (each, a "Unit") at a price of C$0.105 per Unit (the "Offering"). The Company now has until November 13, 2025 to complete the Offering.

The Company closed the first tranche of the Offering on September 12, 2025 and issued 26,659,886 Units for aggregate gross proceeds of US$2.04 million (approximately C$2.8 million).

Each Unit will consist of one common share in the capital of the Company (each, a "Common Share") and one Common Share purchase warrant (each, a "Warrant"). Each Warrant will entitle the holder to purchase one Common Share in the capital of the Company for a period of five (5) years from the date of closing of the Offering at an exercise price of C$0.14 per Common Share.

The net proceeds of the Offering will 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 Company will not pay any finders' fees in respect of the procurement of arm's length subscribers in connection with the Offering.

The Offering is subject to the receipt of all applicable regulatory approvals, including the final approval of the Exchange, and all securities issued pursuant to the Offering will be subject to a four-month hold period under applicable Canadian securities laws.

For more information on the Offering, please see the Company's press releases dated August 29, 2025, September 2, 2025 and September 12, 2025, which are available under the Company's SEDAR+ profile at www.sedarplus.ca.

The securities described herein have not been, and will not be, registered under the United States Securities Act of 1933, as amended (the "U.S. Securities Act") or any state securities laws and accordingly may not be offered or sold within the United States or to "U.S. persons", as such term is defined in Regulation S promulgated under the U.S. Securities Act ("U.S. Persons"), except in compliance with the registration requirements of the U.S. Securities Act and applicable state securities requirements or pursuant to exemptions therefrom. This news release does not constitute an offer to sell or a solicitation of an offer to buy any of the Company's securities to, or for the account or benefit of, persons in the United States or U.S. Persons.