Gabriel Resources Ltd.
TSX : GBU

Gabriel Resources Ltd.

June 18, 2015 03:11 ET

Gabriel Resources Ltd.: Report on Voting Results

TORONTO, CANADA--(Marketwired - June 18, 2015) - Gabriel Resources Ltd. (TSX:GBU) -

GABRIEL RESOURCES LTD.

Annual and Special Meeting of Shareholders of Gabriel Resources Ltd. ("Gabriel")

June 17, 2015

REPORT ON VOTING RESULTS

National Instrument 51-102 - Continuous Disclosure Obligations - Section 11.3

Total Common Shares Issued and Outstanding on the Meeting Record Date

384,149,500

We hereby advise of the results of the voting on the matters submitted to the annual meeting (the "Meeting") of the shareholders (the "Shareholders") of Gabriel Resources Ltd. held on June 17, 2015. At the Meeting, Shareholders were asked to consider the following matters:

Votes by Proxy and in Person
General Business Outcome of Vote Votes For Votes
Withheld
% in
Favour
1. Election of directors Carried by a show of hands
Dag Cramer 185,312,338 97,336 99.95
Dr. Alfred Gusenbauer 173,943,036 11,466,638 93.82
Jonathan Henry 185,369,060 40,614 99.98
Keith Hulley 185,310,088 99,586 99.95
Wayne Kirk 185,365,900 43,774 99.98
Igor Levental 185,326,128 83,546 99.95
David Peat 185,324,720 84,954 99.95
Walter Segsworth 185,327,005 82,669 99.96
2. Re-appointment of PricewaterhouseCoopers LLP as auditors and to authorize the directors to fix their remuneration Carried by a show of hands 193,402,459 127,235 99.93
Votes For Votes Against % in
Favour
3. An Ordinary resolution to re-approve and re-confirm the Company's stock option plan and all unallocated entitlements thereunderCarried by show of hands 168,671,067 16,738,607 90.97
4. An Ordinary resolution to amend and restate the restricted share unit plan of the Company and all unallocated entitlements thereunderCarried by show of hands 157,670,364 27,739,310 85.04

GABRIEL RESOURCES LTD.

By: [Signed] "Richard Brown"

Richard Brown, Chief Commercial Officer & Corporate Secretary

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