Conditions of Use

This website (the "Website") is owned and operated by Gabriel Resources Ltd ("Gabriel" or the "Company") and is made available to you subject to your acceptance of, and compliance with, the terms and conditions of this legal notice ("Legal Notice"). Please read this Legal Notice carefully before using the Website.

By accessing and/or using any material contained on or accessible via the Website, you agree to and confirm your acceptance of the terms and conditions contained in this Legal Notice. If you do not agree to any term or condition, you should not access or otherwise use of any material contained on or accessible via the Website.

Gabriel reserves the right to modify this Legal Notice at any time without prior notice by posting such modifications on the Website. Your continued access or use of the Website after such modifications have been posted shall indicate your acceptance of, and agreement to be bound by, the terms and conditions of this Legal Notice as modified.

No Solicitation

THE WEBSITE AND THE MATERIAL CONTAINED IN OR ACCESSIBLE THROUGH THE WEBSITE IS FOR INFORMATION PURPOSES ONLY AND IS NOT INTENDED TO BE AND DOES NOT CONSTITUTE AN OFFERING OF SECURITIES IN ANY JURISDICTION. The information contained on the Website is not, and under no circumstances is to be construed as, a prospectus, an advertisement, a public offering, an offer to sell securities described herein, solicitation of an offer to buy securities described herein, in Canada or any province or territory thereof. Under no circumstances is the information contained on the Website to be construed as investment advice in any province or territory of Canada and is not tailored to the needs of the recipient.

No securities commission or other regulatory authority in Canada or any other country or jurisdiction has reviewed or in any way passed upon the information contained on the Website and no representation or warranty is made by Gabriel to that effect. The information on the Website is not intended to modify, qualify, supplement or amend information disclosed under corporate and securities legislation of any jurisdiction applicable to Gabriel and should not be used for the purpose of making investment decisions concerning Gabriel securities.

Accuracy of Information

While Gabriel has made reasonable efforts to ensure the accuracy of the information available on the Website and will update such information regularly, such information is not intended to be an up to date comprehensive review of all matters and developments concerning Gabriel and Gabriel not give, and you do not receive, any representations or warranties as to the accuracy, reliability, completeness or timeliness of such information, including all claims or information contained on the Website. You acknowledge and agree that the content available on the Website may not always be the most current source of information with respect to Gabriel, and you further agree that Gabriel accepts no responsibility for, and shall have no liability for any failure to update the contents of this Website in a timely fashion, or at all.

Material information relating to Gabriel may be disclosed by way of press release or in statutory public filings prior to posting such information on the Website. Information on the Website, including material information, may have been modified, superseded, replaced or supplemented by more current information disclosed in such press releases or in such statutory public filings with the Canadian securities regulatory authorities. These and other materials are available from the System for Electronic Document Analysis and Retrieval web site at www.sedar.com.

Cautionary Note regarding the Core Focus of Gabriel

The Company’s core focus is the pursuit of annulment proceedings in relation to the ICSID arbitral decision. Information on this website relating to the Roșia Montană Project, its exploitation license, the Bucium projects, Gabriel’s historical exploration and development activities in Romania, project approvals and permitting, and previously reported mineral resources and reserves is provided for background purposes only. It should not be interpreted as reflecting the Company’s current expectations regarding the future development of these projects. Readers should refer to the Company’s latest news releases and public filings for information on subsequent developments and the current status of its Romanian interests and related proceedings.

Cautionary Note on Forward–Looking Statements

This website and the materials published on it contain “forward-looking information” (also referred to as “forward-looking statements”) within the meaning of applicable Canadian securities legislation. These statements describe the expectations and plans of Gabriel Resources Ltd. (“Gabriel” or the “Company”) as at the date they are made and are intended to help investors understand the business and operating environment of the Company and its subsidiaries (collectively, the “Group”). Statements concerning future events, circumstances or performance, rather than historical facts, constitute forward-looking statements.

Forward-looking statements are based on estimates and assumptions that management considered reasonable when the statements were made. These include assumptions concerning the conduct, timing, costs and outcome of the ICSID annulment proceedings and related litigation; actions by the Romanian Government and other authorities; the Group’s ability to obtain financing, meet its obligations and continue its operations; and the legal, regulatory and economic conditions affecting the Group’s interests in Romania. These estimates and assumptions are subject to significant uncertainties and contingencies and may prove incorrect.

Forward-looking statements involve known and unknown risks, uncertainties and other factors, including those set out below, which may cause actual results, performance or achievements to differ materially from those expressed or implied. Such statements are often, but not always, identified by words such as “expects”, “anticipates”, “believes”, “plans”, “projects”, “estimates”, “assumes”, “intends”, “potential” and “possible”, or by statements that events or results “may”, “could”, “would”, “should”, “might” or “will” occur or be achieved, including the negative forms of these words and similar expressions.

Forward-looking statements are not guarantees of future performance. Readers are cautioned against placing undue reliance on them and should consider them together with the risk factors below and the Company’s latest public disclosures.

Numerous factors could cause actual results, performance or achievements to differ materially from those expressed or implied by forward-looking statements, including, without limitation:

  • the duration, costs, conduct and outcome of the ICSID annulment proceedings and related legal proceedings;
  • enforcement by Romania of the costs order issued in the ICSID arbitration, following the lifting of the stay of enforcement, and the resulting impact on the assets, financial condition and operations of the Company and its subsidiaries (collectively, the “Group”);
  • the consequences of the rejection of the application to extend the Roșia Montană exploitation license and the outcome of proceedings challenging that decision;
  • the Group’s ability to obtain sufficient funding on acceptable terms to pursue the annulment proceedings and related litigation, meet its financial obligations and continue its operations;
  • the Group’s ability to repay, refinance or extend its indebtedness, comply with financing terms and avoid defaults, acceleration or enforcement by creditors;
  • the Company’s ability to continue as a going concern;
  • changes in the Group’s liquidity, capital resources and funding requirements;
  • dilution of existing shareholders through the issuance of additional shares or the conversion or exercise of securities;
  • the Company’s ability to maintain its listing on the TSX Venture Exchange or another regulated securities market;
  • the impact of allegations of historical corruption, tax investigations and disputes, litigation and enforcement proceedings involving the Group, unpredictable regulatory actions, and political or social instability;
  • Romania’s actions following the inscription of the “Roșia Montană Mining Landscape” as a UNESCO World Heritage site;
  • regulatory, political and economic risks associated with the Group’s interests and activities in Romania and other jurisdictions, including changes in laws, governments, legal and fiscal regimes, and their interpretation or enforcement;
  • global economic and financial market conditions, including inflation, interest rates and the availability of capital;
  • geopolitical instability, armed conflicts and their economic consequences;
  • fluctuations in currency exchange rates; and
  • the availability and retention of key employees, consultants and advisers.

The factors described above are not exhaustive. Other risks and uncertainties, including those currently unknown to the Company or considered immaterial, may also cause actual results to differ materially from those expressed or implied by forward-looking statements.

Forward-looking statements speak only as at the date they are made. Their continued availability on this website does not imply that they remain current or that there has been no change in the Company’s affairs since that date. Readers are cautioned against placing undue reliance on these statements.

All forward-looking statements contained on this website or in materials published on it are expressly qualified by this cautionary notice and any accompanying cautionary statements. Except as required by applicable securities laws, the Company undertakes no obligation to update or revise any forward-looking statement or the assumptions and risk factors underlying it, whether as a result of new information, future events or otherwise.

Readers should review the Company’s latest news releases and public filings, including its management’s discussion and analysis, available on this website and on SEDAR+ at www.sedarplus.ca.

Disclosure of Mineral Technical Information

Readers are advised that National Instrument 43-101 Standards of Disclosure for Mineral Projects of the Canadian Securities Administrators requires that each category of mineral reserves and mineral resources be reported separately. All scientific and technical information about our mineral properties is subject to the more detailed information filed by Gabriel with securities regulators. Readers should refer to Gabriel's latest annual information form, technical reports and other continuous disclosure documents filed by Gabriel with the applicable securities regulatory authorities available at www.sedar.com, for this detailed information, which is subject to the qualifications, assumptions and notes set forth therein.

Certain scientific and technical information regarding the Project contained on the Website is extracted or derived from the Company’s “Technical Report on the Rosia Montana Gold and Silver Project Transylvania, Romania” with an effective date of October 1, 2012, which is filed under the Company’s SEDAR profile at www.sedar.com. SRK Consulting (UK) Ltd (“SRK”), authored the Technical Report under the supervision of Dr. Mike Armitage C.Eng C.Geol, who is considered an independent qualified person for the purposes of National Instrument 43-101 – Standards of Disclosure for Mineral Projects (“NI 43-101”) guidelines. All Mineral Resources and Mineral Reserves statements contained in the Technical Report are classified in accordance with the Canadian Institute of Mining, Metallurgy and Petroleum’s “CIM Standards on Mineral Resources and Reserves, Definitions and Guidelines” as per the requirements of NI 43-101. For more information with respect to the data verification procedures undertaken and the key assumptions, parameters and risks associated with the foregoing scientific and technical information, please refer to the Technical Report, a copy of which is filed under the Company’s SEDAR profile.

Cautionary Note to United States Investors Concerning Estimates of Measured, Indicated and Inferred Resources

This website uses the terms "Measured", "Indicated" and "Inferred" Resources. United States investors are advised that while such terms are recognized and required by Canadian regulations, the United States Securities and Exchange Commission does not recognize them. "Inferred Mineral Resources" have a great amount of uncertainty as to their existence, and as to their economic and legal feasibility. It cannot be assumed that all or any part of an Inferred Mineral Resource will ever be upgraded to a higher category. Subject to certain exceptions, under Canadian securities laws, estimates of Inferred Mineral Resources may not form the basis of feasibility or other economic analyses. United States investors are cautioned not to assume that all or any part of Measured or Indicated Mineral Resources will ever be converted into Mineral Reserves. United States investors are also cautioned not to assume that all or any part of an Inferred Mineral Resource exists, or is economically or legally mineable.

Ownership of Intellectual Property

Gabriel or its third-party service providers own all right, title and interest in the Website, including all trade-marks, trade names, designs and logos, and the layout, selection and arrangement of the Website and its features are subject to copyright, trade-mark and other intellectual property rights of Gabriel or its licensors, and to international laws and treaties protecting intellectual property. All rights not expressly granted are reserved. Any unauthorized use or any reproduction, modification or distribution of the materials is strictly prohibited. Nothing in this Legal Notice or your use of the Website grants you any rights in or to the intellectual property or proprietary rights of Gabriel or any third party. You may not frame this Website nor link to this Website without Gabriel's express permission.

Any other copying, reproduction, publication or republication, modification, download, upload, posting, distribution, dissemination or transmission of the contents of this Website is prohibited and constitutes infringement and violation of the intellectual property and other rights of Gabriel.

Linked Websites

The Website contains hyperlinks and pointers to other websites which are maintained by third parties ("Linked Sites"). The Linked Sites are provided for your convenience and information only.

The content in any Linked Site has not been reviewed by Gabriel, is not under Gabriel's control, and Gabriel is not responsible for the content, including any further links, in a Linked Site. If you decide to access a Linked Site, you do this entirely at your own risk. Gabriel does not endorse or make any representations or warranties as to the accuracy or any other aspect of the information contained on the Linked Sites, including any goods or services sold or made available. Gabriel disclaims all liability and responsibility for the content of the Linked Sites. Nothing in this Legal Notice grants you any rights or authorization with respect to any Linked Sites.

Stock Quotes and Metal Pricing

Gabriel does not guarantee the sequence, accuracy or completeness of any stock quotes available on the Website or other data displayed, and is not liable or responsible in any way for any delays, inaccuracies or errors in any stock price information or data or in the transmission of any stock price information or data or any investment decisions based on the stock quotes. Any Stock price information or data provided is not to be relied upon for any trading, business or financial purpose and Gabriel will not be liable or responsible in any way for any damages, losses or costs arising from reliance upon this information or incurred as a result of the non-performance, interruption or termination for any reason whatsoever of the stock quotes or data.

Internet Software or Computer Viruses

Gabriel does not warrant that the Website will be free of viruses, worms, Trojans, spyware, malware or any other malicious or destructive content or code, or the results of hacking, cracking or other malicious human activities (collectively, the "Threats"). You access, view, download and use the contents of the Website solely at your own risk and you warrant and represent that you have taken reasonable precautions by way of, without limitation, purchase and use of the latest anti-virus and other technological means to avoid any loss or damage to you from any of the Threats. You further agree that the Internet is an inherently insecure and not fully dependable medium and that data and information may be lost, modified, distorted or intercepted in transit and that Gabriel shall have no liability whatsoever for any such loss, modification, distortion or interception.

Exclusion of Liability and Indemnity

Gabriel, its affiliates, subsidiaries, successors and assigns, or any of their respective officers, directors, employees, suppliers, representatives or agents, shall not be liable for any claims, expenses, damages (including direct, indirect, special, punitive or consequential damages), loss of profits, opportunities or information arising from:

  • the use of, or reliance on, information contained in the Website;
  • any inaccuracy or omission in such information or failure to keep the information current;
  • use of any third party websites linked or referred to the Website;
  • any delays, inaccuracies or errors in, or in the transmission of, any stock price quotes or historical price data on this Website;
  • any Internet software used in connection with the Website or computer viruses or other destructive programs encountered as a result of using the Website; and
  • any other matter connected with the Website; even if Gabriel is made aware of the possibility of such claims, expenses, damages or losses.

You agree to indemnify and hold Gabriel, its affiliates, subsidiaries, successors and assigns, or any of their respective officers, directors, employees, suppliers, representatives or agents and service providers, harmless from and against any and all claims, liabilities, damages, demands, losses or expenses (including all costs and legal fees) arising out of your breach of this Legal Notice or any policies.

Compliance with Laws

In addition to complying with this Legal Notice, you agree to use the Website, Linked Sites and services available on or through the Website and Linked Sites for lawful purposes only and in a manner consistent with local, national or international laws and regulations. You may not use the Website or Linked Sites in any manner which could damage, disable, overburden, or impair the Website or Linked Sites or interfere with any other party's use or enjoyment of the Website or Linked Sites.

Jurisdiction

The laws of the Province of Ontario and any applicable federal laws of Canada shall govern your use of the Website and the construction, interpretation, validity and effect of this Legal Notice, notwithstanding your physical location, jurisdiction, residence or domicile. Subject to the rights of Gabriel to commence an action for equitable or injunctive relief in any court of competent jurisdiction to restrain any breach of this Legal Notice by you, you hereby attorn and submit to the exclusive jurisdiction of the courts of the province of Ontario in any action or proceeding related to this Website and undertake and agree to not commence any action or proceeding except in Ontario, Canada.

General

This Legal Notice, any and all other notices, policies and statements contained on the Website (as the same may be amended by Gabriel from time to time without prior notice) constitute the entire agreement between Gabriel and you with respect to the Website. This Legal Notice cannot be modified except as described elsewhere herein. This Legal Notice supercedes anything in the Website inconsistent with this Legal Notice. No waiver of any of this Legal Notice shall be deemed a further or continuing waiver of such term or condition or any other term or condition. If in any jurisdiction, any part of this Legal Notice is held to be unenforceable by a court of competent jurisdiction, such part of this Legal Notice shall be restricted or eliminated to the minimum extent necessary and the remaining Legal Notice shall otherwise remain in full force and effect.

Please see Gabriel’s privacy policy which explains how the Company uses any personal information that is collected through your use of the Website, including its cookie policy.

Last updated: September 23, 2026