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Gabriel Resources Ltd.

11:53 AM EST - Gabriel Resources Ltd. : said that the Romanian Government has approved draft legislation relating to the Rosia Montana project. If adopted by the Romanian Parliament in its next session, commencing Sept. 2, this legislation will set the framework to significantly accelerate the development of the Rosia Montana gold-silver mine and other mining projects in Romania. Gabriel Resources Ltd. shares T.GBU are trading up $0.05 at $1.72.