SOURCE: Gabriel Resources Ltd

April 18, 2012 08:42 ET

Court Decision Reaffirms UC 87/2010

TORONTO--(Marketwire - Apr 18, 2012) -


FOR IMMEDIATE RELEASE                        TSX Trading Symbol: GBU

April 18, 2012

Court Decision Reaffirms Urbanism Certificate 87/2010 for Gabriel's
Rosia Montana Project

Gabriel Resources Ltd. ("Gabriel" or the "Company") is pleased to
report that today a decision of the Cluj Tribunal (the "Tribunal")
reaffirmed the validity of the Urbanism Certificate 87/2010 ("UC87")
thus ruling in favour of Gabriel's 80.69%-owned Romanian subsidiary,
Rosia Montana Gold Corporation ("RMGC").

In its ruling, the Tribunal rejected an action filed by two
non-governmental organisations ("NGOs") requesting the cancellation of
UC87 issued for the Rosia Montana Project ("Project"). This is the
second such petition rejected by the courts, after the Bucharest
Tribunal rejected a similar action in December 2011. Prior to that
ruling, in May 2011, the Bucharest Court of Appeals also rejected a
petition for the suspension of UC87. This decision marks the 15th court
victory for the Project from 16 hearings since 2010.

In a recent open letter to senior Romanian politicans, the Cultural
Hungarian Association from Abrud and Rosia Montana stated that "the
Company has allocated and will allocate major financial and human
resources for the preservation of the heritage assets and the
development of a modern and responsible mining project". The Company
continues to advance the Project through the Technical Assessment
Committee ("TAC") process to complete the Environmental Impact
Assessment ("EIA").

Jonathan Henry, President and CEO of Gabriel Resources, stated:"This court
decision is another victory for Romanian people and all
other stakeholders of the Rosia Montana Project over a small minority
that is intent on impeding much needed economic activity and job
creation in Romania. Our progress towards successful conclusion of the
TAC review and EIA is well advanced and we are working towards a
positive conclusion as quickly as possible."

For further information on this press release, please contact:

Jonathan Henry
President and Chief Executive Officer
Mobile: +44 7798 801783 

Notes to Editors

Urbanism certificates comprise informational documents issued by a
local or county council and setting out the legal, technical and
economic status of a particular parcel of land and lists the documents
that must be submitted in order to obtain a construction permit. It is
not a permit or an approval and does not grant any rights or authorize
the undertaking of any activities. Urbanism certificates generally are
valid for a period ranging between 6 and 24 months. In Romania,
urbanism certificates form part of the legal regime associated with
obtaining a construction permit for any kind of construction
undertaking. Urbanism UC87 remains in full force and effect and has
recently been successfully extended for another 12 months until April

About Gabriel

Gabriel is a Canadian TSX-listed resource company focused on permitting
and developing its world-class Rosia Montana gold and silver project.
The Project, the largest undeveloped gold deposit in Europe, is owned
through RMGC, a Romanian company in which Gabriel holds an 80.69% stake
with the 19.31% balance held by CNCAF Minvest S.A., a Romanian
state-owned mining enterprise. Gabriel and RMGC are committed to
responsible mining and sustainable development in the communities in
which they operate. The Project is anticipated to bring US$19 billion
to Romania as potential direct and indirect contribution to GDP
according to 2010 estimates from UK-based Oxford Policy Management
(using a gold price of US$900/oz). This contribution increases to over
US$30 billion at today's gold price. The Project will generate
thousands of employment opportunities. Gabriel intends to build a
state-of-the-art mine using best available techniques and implementing
the highest environmental standards whilst preserving local and
national cultural heritage in Romania. For more information please
visit the Company's website at .

Forward-looking statements

This press release contains forward-looking information as defined in
applicable securities laws relating to the Company and/or the Project
(referred to herein as "forward-looking statements") that are based on
management's current expectations, estimates and projections.
Specifically, this press release contains forward-looking statements
regarding the returns to Romania from the Project and future permitting
processes. All statements other than statements of historical facts
included herein, including without limitation, those incorporated by
reference, those which may refer to the Company's financial position,
business strategy, plans, objectives of management for future
operations (including development plans and objectives relating to the
Company's business) the economic impact, job creation, costs estimates,
patrimony plans, future ability of the Company to finance the Project,
Project delivery and estimates regarding the timing of completion of
various aspects of the Projects' development or of future performance
are forward-looking statements.

The words "believe", "expect", "anticipate", "contemplate",
"target","plan", "intends", "continue", "budget", "estimate", "projects",
"may","will", "schedule", and similar expressions identify forward-looking

Forward-looking statements are necessarily based upon a number of
estimates and assumptions that are inherently subject to significant
business, economic and competitive uncertainties and contingencies.

Forward-looking statements are not guarantees of future performance and
are subject to known and unknown risks, uncertainties and other factors
which are difficult, or may be beyond Gabriel's ability, to predict or
control and that may cause the actual outcomes, level of activity,
financial results, performance or achievements to differ materially
from those expressed or implied by the forward-looking statements,
These risks, uncertainties and other factors include, without
limitation, changes in the worldwide price of precious metals;
fluctuations in exchange rates; legislative, political or economic
developments including changes to mining and other relevant legislation
in Romania; geopolitical uncertainty, uncertain legal enforcement;
changes in, and the effects of, the government policies affecting the
Company's operations; uncertainties related to timelines for awaited
approvals; changes in general economic conditions, and the financial
markets; operating or technical difficulties in connection with
exploration, development or mining; environmental risks; the risks of
diminishing quantities or grades of reserves; and the Company's
requirements for substantial additional funding.

Accordingly, readers should not place undue reliance on forward-looking
statements. Gabriel undertakes no obligation to update publicly or
otherwise revise any forward-looking statements contained herein
whether as a result of new information or future events or otherwise,
except as may be required by law.


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