Gabriel Resources Provides Corporate Update on Private Placement and Management Changes

Gabriel Resources Ltd., listed on the TSX Venture Exchange, has released an update regarding its recent private placement. The company disclosed that Swiss Capital S.A. has not yet provided the required US$650,000 funds despite the communicated deadline. Additionally, a client of Swiss Capital has not signed a subscription agreement for approximately US$244,365. Together, these represent outstanding proceeds of about US$894,365.

The completion deadline for the private placement is November 16, 2026, but there is no assurance that the funds will be received. On the management side, Simon Lusty, Group General Counsel and Corporate Secretary, has resigned but will continue until year-end for a smooth transition. The board acknowledged Mr. Lusty's contributions throughout his tenure.