TAC Tasca Resources Ltd

Gabriel Resources Ltd. ("Gabriel" or the "Company")(TSX:GBU) notes media reports
of statements made in Romania by the outgoing Minister of Environment, Attila
Korodi. These statements refer to the existence of a legal "audit" requested by
Mr. Korodi, the conclusions of which would reportedly impact the Technical
Analysis Committee ("TAC") review of the Environmental Impact Assessment ("EIA")
of the Rosia Montana Project ("Project"). 


The Company has not had sight of the legal conclusions referred to in the media,
reported to be a requirement for Gabriel's subsidiary Rosia Montana Gold
Corporation ("RMGC") to obtain a new urbanism plan and urbanism certificate
before the TAC can complete its review, nor indeed the scope of instructions
given to the law firm responsible.


RMGC has recently obtained an extension to the validity of its urbanism
certificate, UC87/2010 for the period until April 2013, which remains in full
force and effect. 


To the Company's knowledge neither Mr. Korodi nor any party has yet had sight of
any written judgment with regard to the recent Alba Iulia Court of Appeal
("AICA") ruling regarding approval of the general urbanism plan ("PUG") and an
industrial area zonal urbanism plan ("PUZ") for the Project. It remains
questionable on that basis how any such legal "audit" could be concluded with
any certainty of the impact on the TAC review. 


The Company has been advised that continuation in the progress of the TAC
review, environmental and other permitting for the Project should not be
affected by the AICA ruling. The Company will need to consider the implications
of the AICA decision in due course once the written reasons for the judgement
are published by the court. In the meantime Gabriel stands by its analysis of
the legal impact of that decision notified to the market on April 5 and April 9,
2012. 


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 www.gabrielresources.com.


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 statements. 


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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