Gabriel Resources : ESTMA Report 2021

Extractive Sector Transparency Measures Act - Annual Report
Reporting Entity Name	Gabriel Resources Limited
Reporting Year	From	01/01/2021	To:	31/12/2021	Date submitted	11/05/2022
Reporting Entity ESTMA Identification Number	E503371	Original Submission
Amended Report
Other Subsidiaries Included (optional field)
Not Consolidated
Not Substituted
Attestation by Reporting Entity
In accordance with the requirements of the ESTMA, and in particular section 9 thereof, I attest I have reviewed the information contained in the ESTMA report for the entity(ies) listed above. Based on my knowledge, and having exercised reasonable diligence, the information in the ESTMA report is true, accurate and complete in all material respects for the purposes of the Act, for the reporting year listed above.
Full Name of Director or Officer of Reporting Entity	Richard Brown	Date	11/05/2022
Position Title	Chief Financial Officer

Reporting Year Reporting Entity Name Reporting Entity ESTMA Identification Number Subsidiary Reporting Entities (if necessary)

Extractive Sector Transparency Measures Act - Annual Report

From:

01/01/2021

Gabriel Resources Limited

E503371

31/12/2021

CAD

Commune of Rosia Montana

270,000

Local property tax to the local 270,000 authorities in the Rosia Montana

district

Town of Abrud

100,000

Local property tax to the local 100,000 authorities in the Abrud districtGovernment of Romania

Ministry of Finance

250,000

Mining licence related fees - paid to 250,000 the Romanian state budget at the

Ministry of Finance

Note - All amounts expressed in CAD. Payments are rounded to the nearest $10,000 CAD. Amounts paid in Romanian Lei are converted to Canadian Dollars ("CAD") based on the exchange rate on the date of the transaction

The exchange rates used for the conversion of transactions in RON during the period ranged between 0.290 and 0.308 CAD per RON.

Extractive Sector Transparency Measures Act - Annual Report
Reporting Year	From:	01/01/2021	To:	31/12/2021
Reporting Entity Name	Gabriel Resources Limited	Currency of the Report	CAD
Reporting Entity ESTMA Identification Number	E503371
Subsidiary Reporting Entities (if necessary)
Payments by Project
Country	Project Name	Taxes	Royalties	Fees	Production Entitlements	Bonuses	Dividends	Infrastructure Improvement Payments	Total Amount paid by Project	Notes
Romania	Rosia Montana	370,000	250,000	620,000	Includes local proerty taxes and mining licence related fees.
Additional Notes:	Note - All amounts expressed in CAD. Payments are rounded to the nearest $10,000 CAD. Amounts paid in Romanian Lei are converted to Canadian Dollars ("CAD") based on the exchange rate on the date of the transaction The exchange rates used for the conversion of transactions in RON during the period ranged between 0.290 and 0.308 CAD per RON.