The agony of "Half Life 3" fans could be prolonged as new release date rumors suggest that Valve will finally announce the 3rd installment at the GDC 2015 on March.

"Valve has confirmed that it will be showing off its next generation graphics platform glNext," The Huffington Post reported.

"According to GDC, the company will be using live technical demos to showcase the new standard which means they'll be using actual games, and by actual games we of course mean Half-Life 3 (probably not)."

"While it's unlikely that Valve would announce such a game at a graphics performance panel, the fact remains that if it were to be made, Valve would want it to set a visual benchmark for the next-generation of games," the site added.

Previous "Half Life 3" release date rumors have already suggested that the much awaited title could finally be revealed this year, but claimed that the only hope the 3rd installment could ever be released is if Valve decides to outsource the game to a different developer.

JBG News reported that in Dan Amrich's (Ubisoft San Francisco community developer) interview with IGN, he mentioned that Valve should just let someone else do it if they're uninterested to keep the franchise alive.

"According to him, Valve might want to look towards Gearbox if they'd want to follow this path. Gearbox did handle the two expansions of the original Half Life (Blue Shift and Opposing Force), both of which were quite good and are considered canon," the side said.

For more "Half Life 3" release date news, stay tuned here!