Gabriel Resources Ltd.

Gabriel Resources Ltd.

September 13, 2007 01:00 ET

Gabriel Resources Ltd.: Disregard for Romanian Rule of Law as Ministry of Environment Suspends EIA Review Process

TORONTO, ONTARIO--(Marketwire - Sept. 13, 2007) - Gabriel Resources Ltd's (TSX:GBU) ("Gabriel") 80% owned Romanian subsidiary, Rosia Montana Gold Corporation S.A. (RMGC), yesterday received a letter from the Romanian Ministry of Environment and Sustainable Development ("the Ministry") indicating that the review process for the Environmental Impact Assessment (EIA) for the Rosia Montana project has been suspended by the Ministry due to a court challenge by Alburnus Maior and Open Society Institute (a Soros foundation) to the validity of an urbanism certificate wholly unrelated to the EIA process.

"We are extremely disappointed by the actions of the Ministry of Environment," commented Alan R. Hill, President and Chief Executive Officer of Gabriel and RMGC, "as it seems to display a total disregard for the rule of law in Romania". Mr. Hill continued: "to suspend the EIA review process, which has been proceeding since May 2006 when RMGC first submitted its EIA to the Romanian Government, on the interpretation that a mere information document (the urbanism certificate) somehow underpins the entire EIA review process, amounts to the Ministry taking upon itself the functions of a court of law - interpreting and enforcing the provisions of a law that does not have any application to the review process for the Rosia Montana EIA. For the Ministry to suspend the process before the court has even heard the case is outrageous."

An urbanism certificate is merely an information document detailing the list of documents needed to apply for a construction permit. It is not a permit or approval and does not authorize the undertaking of any activities. Anyone is entitled to ask for an urbanism certificate and the relevant local council is obligated to provide a copy to anyone who asks. Therefore, unlike a permit or approval, an urbanism certificate is not a type of document that is capable of being challenged in court.

Alan Hill commented further: "For the foreign funded NGO's against the development of our Rosia Montana project to abuse the Romanian court system by launching frivolous lawsuits challenging a mere information document, is but further evidence of their lack of respect for the rule of law in Romania, as well as their desperation to stop the Rosia Montana project at all costs."

As a result of the Ministry of Environment's unjustifiable actions, it appears that Gabriel's target to receive EIA approval during the summer of 2007 will not be met. Assuming the Ministry of Environment will follow the law, we expect the next TAC meeting to be rescheduled in a timely fashion, Gabriel would work to receive EIA approval during the fourth quarter of 2007, pushing the timetable back by one quarter. With the purchase of the outstanding properties and receipt of the other permits and approvals, construction permits would be expected in the first quarter of 2008 enabling construction to begin in the first quarter of 2008. This would result in a first pour of gold in the first quarter of 2010.

About Gabriel

Gabriel is a Canadian based resource company committed to responsible mining and sustainable development in the communities in which it operates. Gabriel is currently engaged in the exploration and development of mineral properties in Romania and is presently engaged in the development of its 80% owned Rosia Montana gold project.

The Toronto Stock Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of this release and the information contained herein.

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