Ms. Anna El-Erian reports

GABRIEL ANNOUNCES MANAGEMENT CHANGES

Dragos Tanase has resigned from his positions as chief executive officer and director of Gabriel Resources Ltd. with immediate effect.

The board of directors sincerely thanks Mr. Tanase for his many years of dedicated service and commitment to the Gabriel group. During his tenure, Mr. Tanase made a significant contribution to the Gabriel group and the board wishes him every success in his future endeavours.

The board has appointed Nicolae Suciu as interim chief executive officer of the company, effective immediately. Mr. Suciu's appointment remains subject to acceptance by the TSX Venture Exchange, including acceptance of the exchange's required personal information form and completion of customary exchange review and verification procedures.

Mr. Suciu has served Gabriel's Romanian operating subsidiary, Rosia Montana Gold Corp. (RMGC), for more than 20 years, most recently as deputy managing director, where he has had responsibility for the company's legal and community relations departments, as well as overseeing engagement with the Romanian governmental authorities responsible for the assessment of the Rosia Montana mining project.

The board believes that Mr. Suciu's experience, knowledge of the group's business and long-standing commitment to the Gabriel group positions him well to lead the group and provide continuity of leadership.

Anna El-Erian, chair of the board, commented: "On behalf of the board, I would like to thank Dragos for his steadfast commitment to the Gabriel group over many years. He has led the company and RMGC through a period of significant challenge with dedication, resilience and professionalism. We are grateful for his service and wish him every success in the future."

We seek Safe Harbor.