Gabriel Resources Ltd.
TSX : GBU

Gabriel Resources Ltd.

July 11, 2007 13:09 ET

Gabriel Resources Ltd.: EIA Approval Update

TORONTO, ONTARIO--(Marketwire - July 11, 2007) - Gabriel Resources Ltd. ("Gabriel" or the "Company")(TSX:GBU) met with the Technical Analysis Committee ("TAC"), a panel of government representatives appointed to evaluate the Environmental Impact Assessment ("EIA") for the Rosia Montana Project, on July 10, 2007 to continue the review of the EIA and the subsequent Annex that was submitted by Gabriel to respond to the approximately 5,700 questions raised during the public consultation.

"We are pleased with the progress the TAC is making with respect to this very important project, not only for the region around Rosia Montana and Alba county, but for all of Romania," said Alan R. Hill, Chief Executive Officer of Gabriel. "The TAC is taking their responsibility very seriously and is acting professionally as it completes its review of our project," added Mr. Hill.

The TAC proposed, in its initial meeting on June 26, 2007, a series of meetings to properly analyze and discuss the 18,000 pages of material submitted by the Company (EIA approximately 5,000 pages and Annex approximately 13,000 pages). The first of the series of meetings was held on July 10, 2007, and covered a general overview of the project, as well as the key areas of technical processes and waste management.

The next meeting with the TAC is scheduled for July 19, 2007 and will address questions raised at the July 10, 2007 meeting and will allow the Company to present potential impacts of the project. The Company is unable to predict the number or timing of future meetings with the TAC beyond the scheduled July 19, 2007 meeting.

Gabriel Resources

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.

Forward-Looking Statements: This press release contains forward-looking statements that are based on the Company's current expectations and estimates. Forward-looking statements are frequently characterized by words such as "plan," "expect," "project," "intend," "believe," "anticipate", "estimate" and other similar words or statements that certain events or conditions "may" or "will" occur, and include, without limitation, statements regarding the closing of the Offering and the Company's plans with respect to the exploration and development of its projects. Such forward-looking statements involve known and unknown risks, uncertainties and other factors that could cause actual events or results to differ materially from estimated or anticipated events or results implied or expressed in such forward-looking statements. Any forward-looking statement speaks only as of the date on which it is made and, except as may be required by applicable securities laws, the Company disclaims any intent or obligation to update any forward-looking statement, whether as a result of new information, future events or results or otherwise.

Forward-looking statements are not guarantees of future performance and accordingly undue reliance should not be put on such statements due to the inherent uncertainty therein.

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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