Corporate Update

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TORONTO--(Marketwire - April 05, 2012) -


PRESS RELEASE

FOR IMMEDIATE RELEASE TSX Trading Symbol: GBU

April 5, 2012



Gabriel Resources Ltd

Corporate Update

Gabriel Resources Ltd. ("Gabriel" or the "Company")would like to
provide a corporate update regarding today's resignation of the
Romanian Minister of Environment, Laszlo Borbely, and today's ruling of
the Alba Iulia Court of Appeal to annul the Rosia Montana
Commune'sLocal Council Decision 1/2009.

Environment Minister Resignation

Minister of Environment, Laszlo Borbely, resigned today as it was
announced he is under investigation on corruption related allegations
completely unrelated to the Rosia Montana Project (Project). The
Ministry of Environment is responsible for the environmental permitting
process for the Project. The Romanian Prime Minister, Mihai-Razvan
Ungureanu, has taken on the position of Minister of Environment on a
temporary basis. A new Minister is likely to be appointed in the short
term. Throughout this time Gabriel remains engaged with the government
with regard to the permitting of the Project.

Alba Iulia Court of Appeal

The Company and its subsidiary, Rosia Montana Gold Corporation (RMGC),
confirms that the Alba Iulia Court of Appeal has irrevocably admitted a
petition submitted by three NGOs to cancel the 2009 decision made by
the Local Council of the commune of Rosia Montana which validated the
voting procedure on the general urbanism plan of the Rosia Montana
commune (PUG) and the zonal urbanism plan of the Rosia Montana
industrial development area (PUZ), which were adopted in 2002. The
ruling of the Alba Iulia Court of Appeal does not apply to the
decisions of the Local Council of the Rosia Montana commune to adopt
the town-planning documentation PUG and PUZ in 2002, which,we are
advised,are still valid and legal. Gabriel will consider the
implications of the court decision in due course once the reasons are
released.The Company confirms that the existing permitting procedures,
which are well advanced, will continue in accordance with the legal
provisions. Moreover, the new draft urbanism documentation for the
Project is at an advanced stage with 19 out of 22 endorsements received
to date. The final endorsements will result in a new PUZ being issued.
The local communities affected by the Project also initiated the
procedures for a new PUG for the respective localities.

Jonathan Henry, President and CEO Gabriel Resources, stated: "We are
monitoring the situation closely within Romania and once more
detail becomes available we will update the market accordingly. For
now the permitting process for the Project continues. In Romania the
majority of people recognize the benefits of the Project for the
Romanian economy and the fact that a responsible mining project can
only be implemented in full compliance with the Romanian and European
legislation, using the best available practices."

For further information on this press release, please contact:

Jonathan Henry
President and Chief Executive Officer