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Gabriel Resources Ltd. Corporate Update to announce the appointment of three new independent non-executive directors to the Board of Directors of the Company ( Board ) effective immediately. In addition, the Company is pleased to report the final decision of Romania s supreme court upholding the annulment of a value added tax assessment levied against Ro?ia Montana Gold Corporation S.A. ( RMGC ), Gabriel s majority-owned indirect Romanian subsidiary. Appointment of New Board Members The new appointees to the Board are Mr. Jeffrey Couch, Ms. Anna El-Erian and Mr. James Lieber. Following these appointments, the Board is composed of seven members, of which three are independent directors. The new Board members will work with Gabriel s existing Board and Management team as the Company advances its arbitration case against the Government of Romania before the World Bank s International Centre for Settlement of Investment Disputes ( ICSID Arbitration ).

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