TAC Tasca Resources Ltd

Gabriel Resources Ltd. ("Gabriel" or the "Company") (TSX:GBU) is pleased to
report that a written judgment released today in respect of a recent ruling of
the Alba Iulia Court of Appeal ("AICA") has confirmed that the urbanism plans
currently in place for the Rosia Montana Project ("Project") remain legal and
valid and have been since their approval in 2002. 


Consequently, the Company remains advised that the ruling of the AICA which was
issued on April 4, 2012 will have no impact on the Technical Analysis
Committee's ("TAC") review of the Environmental Impact Assessment ("EIA") of the
Project. Gabriel's subsidiary, Rosia Montana Gold Corporation ("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. 


This judgment provides the clarity needed to make an informed comment on the
ruling of the AICA, as noted in Gabriel's press releases of April 5 and 9 and
May 3, 2012. Furthermore, the judgment is contrary to the media-reported
conclusions of a legal "audit" of the impact of the AICA ruling requested by the
ex-Minister of Environment, Attila Korodi.


Jonathan Henry, President and CEO of Gabriel Resources, stated:

"Today RMGC has valid urbanism documentation confirmed by various courts of law.
The TAC process is at an advanced stage and the Company is awaiting a further
TAC meeting to be held to discuss the EIA. The Company looks forward to
progressing the TAC review, environmental and other permitting for the Project
through discussions with the new Romanian Government. This is important for the
Company, its shareholders and also for all Romanian stakeholders who will
benefit from the Project." 


Notes to Editors - Summary Background to the AICA Ruling

Romania manages its land planning through several levels of zoning which include
(i) General Urbanism Plans and accompanying local regulations ("PUG") and (ii)
Zonal Urbanism Plans and accompanying local regulations ("PUZ"). In 2002, the
local council of Rosia Montana passed resolutions approving a PUG and also a PUZ
designating an industrial zone under the footprint of the proposed new mine at
Rosia Montana (known as an "Industrial Area PUZ").


In early April 2012 the AICA upheld a previous ruling that a 2009 decision by
the local council of Rosia Montana to ratify the 2002 approval of the PUG and
Industrial Area PUZ was illegally adopted and was invalid. However, the AICA did
not rule explicitly that the original 2002 local council decision was invalid.
Detailed background to this case and the urbanism plan permitting process is
provided in the annex to the press release of Gabriel on 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.

Grafico Azioni Tasca Resources Ltd. (TSXV:TAC)
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