The board is not showing up on gigabyte website but a google search showed that that board supported up to a amd fx 8300 cpu. Update the bios before installing the new cpu but i don't se any reason why it wouldn't work just check your max watt for the socket before trying or buying k.
I think I'd confirm via GigaByte, this isn't a mainstream mobo, and the 8300 mentioned above is a 95 watt CPU, the 8350 is a 125Watt and normally only supported by enthusiast mobos, wouldn't want you to be frying things