Release of Annual Results and Fourth Quarter Results

PRESS RELEASE

FOR IMMEDIATE RELEASE TSX Trading Symbol: GBU

March 8, 2013

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, 2012 before market opening on Friday March 15, 2013 simultaneously with the publication of its fourth quarter management discussion and analysis for the period ended December 31, 2012 on SEDAR. No conference call or webcast is scheduled for the annual results.

For further information on this press release, please contact:

Jonathan Henry Katie Fedorowicz President and Chief Executive Officer Investor Relations Mobile: +44 7798 801783 Mobile: +44 7810 437059 [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. The exploitation license for the Project, the largest undeveloped gold deposit in Europe, is held exclusively by Rosia Montana Gold Corporation (“RMGC”), a Romanian company in which Gabriel owns an 80.69 percent equity interest, with the 19.31 percent 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 over US$31 billion (at today’s gold price) to Romania as potential direct and indirect contribution to GDP. The Project will generate thousands of employment opportunities. Gabriel intends to build a state-ofthe-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.

Release of Annual Results and Fourth Quarter Results