Luca Mining Corp press release
Gabriel Resources Ltd. - Appointment of Simon Prior-Palmer to Board of Directors
TSXV - TSX Venture Exchange · Gold · Zinc · Copper · Silver · Lead · Canada
TSX Trading Symbol: GBU
TORONTO, Sept. 29 /CNW/ - Michael Parrett, Chairman of the Board of Directors of Gabriel Resources Ltd. ("Gabriel") (TSX - "GBU"), is pleased to announce the appointment of Mr. Simon Prior-Palmer to the Board of Directors effective as of October 1, 2006. Mr. Prior-Palmer has more than 30 years experience in international financial markets. For more than 20 years he worked with Credit Suisse First Boston in Europe and Canada in various capacities including Managing Director of UK Investment Banking from 1987 to 1998. Mr. Parrett, Chairman of the Board of Gabriel, remarked that "The Board of Directors is pleased that Mr. Prior-Palmer has agreed to join the Board and bring his extensive European business experience. His financial expertise and European experience will assist Gabriel in advancing the development of its 80% owned Rosia Montana project in Romania". Mr Prior-Palmer is also on the Board of Postcomm, the UK regulatory Commission overseeing the Royal Mail, and Macmillan Cancer Support, one of the United Kingdom's largest charities. Gabriel also announces the resignation of Mr. James McClements from the Board of Directors, also effective as of October 1, 2006. Mr. McClements, the Senior Partner of the Resource Capital Funds (RCF), a group of private equity funds, is Gabriel's longest serving Director having been appointed to the Board of Directors in 1998. Due to ever expanding commitments from RCF, Mr. McClements has requested that the Board of Directors accept his resignation in order to allow others with more time to devote to the business and affairs of Gabriel to be appointed. On Mr. McClements' resignation, Mr. Parrett commented that "The Board of Directors is extremely grateful and indebted to James for the guidance and support he provided to Gabriel over the past 8 years".
Gabriel Resources
Gabriel 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 and is presently engaged in the development of its 80% owned Rosia Montana gold project.
The Toronto Stock Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of this release and the information contained herein.