Gabriel is currently at the permitting stage in the process to develop, construct and operate the Rosia Montana gold and silver project, one of the largest undeveloped gold deposits in Europe.

The Project has reported resources of 14.6 million ounces of gold and 64.9 million ounces of silver (measured and indicated), including 10.1 million ounces gold and 47.6 million ounces of silver reserves (proven and probable at grades of 1.46 g/t and 6.88 g/t respectively).

The Rosia Montana region has been characterized by economic decline and environmental degradation. Today, there is a real plan for a brighter future and a significant contribution to GDP through the Project. Gabriel is committed to building a new state-of-the-art mining facility to reinvigorate the local and wider economy and to provide an economic basis for sustainable development for the whole area for decades to come.

Gabriel's efforts are fully directed towards the successful conclusion of the permitting phase of the Project including the receipt of all environmental and other permitting approvals required for the Project to proceed to construction. Barring unforeseen delays and, assuming that the permitting applications are successful, it is anticipated that the first gold will be poured in 2015 following a planned 30 month construction phase.

Gabriel's second project, the Bucium project, comprising of the Rodu-Frasin (epthermal gold/silver) and Tarnita (porphyry copper-gold) deposits can be considered advanced and early stage exploration projects, respectively.