Gabriel Resources Ltd.

TSX : GBU


Gabriel Resources Ltd.

October 01, 2010 12:00 ET

Rosia Montana Project Update

TORONTO, CANADA--(Marketwire - Oct. 1, 2010) - Gabriel Resources Ltd. (TSX:GBU) ("Gabriel" or the "Company") announces that the members of the Romanian Technical Analysis Committee ("TAC") have now met and the process for the environmental permitting for the Company's 80.46%-owned Rosia Montana Project ("the Project") in Romania is now underway. As previously reported, the review is a necessary stage in the overall evaluation of the Environmental Impact Assessment ("EIA") of the Project, a process that will be overseen by the Ministry of Environment and Forestry ("the Ministry").

Additionally the Company announces that the Bucharest Tribunal today rejected the request for the suspension of the urbanism certificate No. 87/2010, filed by Greenpeace Romania and the Centre of Legal Resources against Alba County Council and the Company's local operation subsidiary, Rosia Montana Gold Corporation ("RMGC"). This decision confirms the validity of the urbanism certificate issued to RMGC. This is the sixth consecutive and important litigation that RMGC has won this year. 

"Following these victories and the recent announcement that the TAC process has resumed, we look forward to developing the Rosia Montana project in co-operation with the Romanian state." Jonathan Henry, President and Chief Executive Officer of the Company, commented. "The mine will be built to the highest standards of safety, environmental stewardship and social responsibility".

About Gabriel Resources/Rosia Montana Gold Corporation

Gabriel Resources Ltd. is a resource company committed to responsible mining and sustainable development. Gabriel is currently engaged in the development of its 80.46%-owned Rosia Montana gold project in Romania. Rosia Montana is Europe's largest and one of the world's most significant undeveloped gold deposits. For more information, please visit the Company's website at www.gabrielresources.com.

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