Gabriel Resources Ltd. 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, with its primary focus on the development of its 80% owned Rosia Montana gold project. The Rosia Montana Project, owned through a joint venture with the Romanian Government, contains reserves of 10.1 million ounces of gold and 47.6 million ounces of silver. Currently, measured and indicated resources stand at 14.6 million ounces of gold and 64.9 million ounces of silver in addition to inferred resources of 1.2 million ounces of gold and 3 million ounces of silver. The deposit remains open in several directions. The cost to complete the Project was updated in first quarter 2009 to US$876 million. The Project is estimated to produce 626,000 ounces of gold annually during its first five years of operation at an estimated total cash cost of US$272 per ounce, and an average of 511,000 ounces per year over its 16 year mine life averaging US$335 per ounce.