Gabriel Resources Ltd.: Annual & Special Meeting Voting Results and Update on Cash Resources

Gabriel Resources Ltd. (TSX:GBU) ("Gabriel" or "the Company") announces the
results of voting on the matters submitted to the annual and special meeting
(the "Meeting") of the its shareholders (the "Shareholders") held on June 16,
2011. In addition, following completion of the exercise of all outstanding
warrants in the Company, as described below, the Company's current cash balance
is now approximately C$177 million.


Report on Voting Results

National Instrument 51-102 - Continuous Disclosure Obligations Section 11.3

Total Common Shares Issued and Outstanding at the Record Date - 348,526,338

At the Meeting, Shareholders were asked to consider the following matters:



                              Outcome of                                    
    General Business             Vote                                       
----------------------------------------------------------------------------
                                                                            
                             Carried by a                                   
 1. Election of directors       show of                                     
                                 hands                                      
----------------------------------------------------------------------------
                                                                            
                             Carried by a                                   
 2. Re-appointment of           show of                                     
    PriceWaterhouseCoopers       hands                                      
    LLP as auditors and to                                                  
    authorize the directors                                                 
    to                                                                      
    fix their remuneration                                                  
----------------------------------------------------------------------------
                                                                            
                                                      Ballot Results        
                                         -----------------------------------
                                                                            
                              Outcome of                                    
    General Business             Vote      Votes For  Votes Against   % in  
                                                        (Withheld)   Favour 
----------------------------------------------------------------------------
                                                                            
                              Carried by                                    
 3  An Ordinary resolution      ballot    228,763,947   35,134,364   86.69% 
 .  approving the Restricted                                                
    Share Unit Plan                                                         



Richard Brown, Corporate Secretary

Warrant exercise

During 2009, the Company closed a private placement with BSG Capital Markets PCC
Limited ("BSG") pursuant to which BSG subscribed for 30 million units at a
subscription price of C$2.25 per unit. Each unit consisted of one common share
of the Company and one warrant entitling BSG to purchase one additional common
share of the Company at C$2.50 per share until June 18, 2011, rising to C$3.00
per share for the final six month warrant period through to December 18, 2011.
BSG has now exercised all of these warrants and the Company has arranged the
issue of the underlying 30,000,000 common shares. As consideration for the
exercise, the Company has received C$75 million which will be used for general
working capital purposes.


About Gabriel

Gabriel is a Canadian-listed resource company engaged in the exploration and
development of mineral properties in Romania and is presently in the permitting
stage and preparing to develop its 80.46%-owned Rosia Montana Project
("Project"). Gabriel is committed to responsible mining and sustainable
development in the communities in which it operates. The Project is anticipated
to bring US$19 billion to Romania as potential direct and indirect investment
according to 2010 estimates from British-based Oxford Policy Management. The
Project will generate thousands of jobs while observing all Romanian and
European environmental laws and also helping preserve important historic
buildings as well as local cultural heritage. For more information please visit
the Company's websites at www.gabrielresources.com and www.rmgc.ro.

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