Purchase of Gabriel Common Shares by President and CEO
TORONTO, ONTARIO -- (Marketwire) -- 10/18/10 -- Gabriel Resources Ltd. ('Gabriel' or the 'Company') (TSX: GBU) reports that Jonathan Henry, President and Chief Executive Officer of the Company, has purchased 25,000 shares in Gabriel as of October 15, 2010 at an average price of CDN $5.75.
Following the purchase, Mr. Henry's holding in the Company is 25,000 common shares, as well as 1,500,000 incentive stock options and 357,955 deferred share units.
The Company was notified of the share purchase on October 15, 2010.
About Gabriel Resources/Rosia Montana Gold Corporation
Gabriel Resources Ltd. is a resource company committed to responsible mining and sustainable development. Gabriel is currently engaged in the development of its 80.46%-owned Rosia Montana gold project in Romania. Rosia Montana is Europe's largest and one of the world's most significant undeveloped gold deposits. For more information, please visit the Company's website at www.gabrielresources.com.
Contacts:
Gabriel Resources Ltd.
Jonathan Henry
President and Chief Executive Officer
+ 44 7798 801783
Gabriel Resources Ltd.
Tom Sipos
Investor Relations
(416) 682-6084