Release of Annual Results and Fourth Quarter Report

PRESS RELEASE

FOR IMMEDIATE RELEASE TSX Trading Symbol: GBU

March 7, 2012

Release of Annual Results and Fourth Quarter Report

Gabriel Resources Ltd. (“Gabriel”) announces that it will release its annual results for the year to December 31, 2011 before market opening on Thursday March 15, 2012 simultaneously with the publication of its fourth quarter management discussion and analysis for the period ended December 31, 2011 on SEDAR. No conference call or webcast is scheduled for the annual results.

For further information on this press release, please contact:

Jonathan Henry Bobby Morse President and Chief Executive Officer Buchanan Mobile: +44 7798 801783 Mobile: +44 7802 875227 [email protected] [email protected]

Max Vaughan Chief Financial Officer Mobile:+44 7823885503 [email protected]

About Gabriel

Gabriel is a Canadian TSX-listed resource company focused on permitting and developing its world-class Rosia Montana gold and silver project (“Project”). Gabriel and its 80.69% held subsidiary, Rosia Montana Gold Corporation, are committed to responsible mining and sustainable development in the communities in which they operate. 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 Gabriel’s website at www.gabrielresources.com.