Gabriel Resources Ltd.TSXV: GBU

Independent Team Completes Rosia Montana EIA

· Issued by Gabriel Resources Ltd. via CNW
Submittal in April 

TSX Trading Symbol: GBU

TORONTO, March 30 /CNW/ - Gabriel Resources is pleased to announce today
that all 10 chapters of the Environmental Impact Assessment (EIA) have been
completed by the independent EIA team. Sign-off on the EIA, which documents
all aspects of the Rosia Montana mining project from construction through
operations and closure and reclamation, marks the first-ever EIA process
undertaken in Romania after the approval of the European Union Directive on
the management of mine waste from extractive industries.  The Rosia Montana
EIA team is comprised of more than 100 independent experts, from 10 countries
including Romania.
"This is a critical milestone in the process of developing Rosia
Montana," said Alan R. Hill, CEO of Gabriel Resources. "I thank everyone on
the EIA team for such a thorough and professional analysis of our project, and
for the timely completion of a report of this scope."
"The EIA for this challenging project has been a real iterative process
between our independent team and the project designers," said Marilena
Patrascu, leader of the EIA team and environmental policy expert, "resulting
in a proposal that is compliant with both Romanian and EU law. Our task now is
to communicate the development of Rosia Montana to Romanian authorities and to
the Romanian public." "While the end-process has taken a few weeks longer than
planned," said Fergus Anckorn, deputy leader of the EIA team and Technical
Director of Amec Earth & Environmental consultancy, UK, "it's given time for
productive cross-checking between the chapter teams that has strengthened the
overall product."
With some sections written in English and others in Romanian, the final
portions of the 5,000 page document are now being translated into Romanian as
required by Romanian law - and also into English, in compliance with the Espoo
Convention (Hungary having been the only country to raise issues for EIA
consideration under the Espoo process). The Non-Technical Summary of the EIA
will be voluntarily translated into Hungarian as well. Given the need for
technical precision in the translation, the EIA team estimates that certified
translations will be completed within a few weeks. Submittal of the EIA is
followed by a public consultation period to provide the required framework for
public participation in the decision-making process.

About Gabriel

Gabriel is a Canadian based resource company committed to responsible
mining and sustainable development in the communities in which it operates.
Gabriel is currently engaged in the exploration and development of mineral
properties in Romania and is presently engaged in the development of its 80%
owned Rosia Montana gold project.