GPM METALS INC. ANNOUNCES FILING OF INITIAL TECHNICAL REPORT FOR THE WALKER GOSSAN LEAD-ZINC-SILVER PROJECT, NORTHERN TERRITORY, AUSTRALIA

TORONTO, October 1, 2014: GPM METALS INC. (TSXV:GPM) (the “Company”) announces the filing of the initial technical report for the Company’s Walker Gossan Project in Northern Territory, Australia entitled “Technical Report on the Walker Gossan Project in Arnhem Land, Northern Territory, Australia” dated effective September 16, 2014 (the “Technical Report”).

The Technical Report was prepared by Mr. David G. Jones (BSc., MSc., FAusIMM, FAIG); a “Qualified Person” as defined in National Instrument 43-101.

A copy of the Technical Report is available under the Company’s profile on www.sedar.com  and on the Company’s web site at www.gpmmetals.ca

The Company has the right to acquire up to a 75% interest in the Walker Gossan Project pursuant to an Earn-in / Joint Venture Agreement with Rio Tinto Exploration Pty Limited.  The Company’s wholly owned Australian subsidiary (DPG Resources Australia Pty Limited) is the project operator.

DESCRIPTION OF PROPERTY

The 166,000 hectare Walker Gossan project is located within the Walker Trough, a package of Middle Proterozoic carbonate sediments, situated in Arnhem Land in the Northern Territory of Australia.

Geographical maps and geological setting illustrations are available on the Company’s web site.http://www.gpmmetals.ca/australia/

The primary area of interest is the Walker Gossan. Gossanous outcrops with highly anomalous lead values were discovered by CRA – Conzinc RioTinto of Australia (predecessor to Rio Tinto Limited) in 1970 and a tenement application was made to the Government of the Northern Territory in 1972. An agreement under the Aboriginal Land Rights Act is required prior to grant of the tenement. To date the area has been held under tenement application and no exploration has been undertaken within the 40 years which have followed the discovery of the gossan.

The Walker Trough is part of an extensive Middle Proterozoic carbonate sequence which occurs from South of Mount Isa through to Darwin over an area of approximately 600,000 square kilometres which hosts one of the great metallogenic belts of the world.

The region includes a number of major silver, lead, zinc and copper deposits. These include the Mount Isa, George Fisher and MacArthur River mines owned by Xstrata; the Cannington Silver Mine,  regarded as the largest silver mine in the world, owned by BHP; the Century zinc deposit, one of the largest zinc mines in the world and owned by MMG Mining of China; and several other deposits.

The Walker Trough region was identified by the Northern Territory Geological Survey team as being a direct analogy of the Pb-Zn endowed Batten Fault trough which contains the MacArthur River Zinc mine. Further, it was considered the “hottest untested exploration play in The Northern Territory” in a 2004 publication of the Northern Territory Geological Survey.

http://www.nt.gov.au/d/Minerals_Energy/Geoscience/Content/File/Docs/CORE/NTExplnOpportunities.pdf

All scientific and technical information in this press release has been prepared under the supervision of Peter Mullens, President, DPG Resources (Australian subsidiary of GPM Metals Inc.), a “qualified person” within the meaning of National Instrument 43-101. Mr. Mullens (B.Sc Geology) is a member of the Australian Institute of Mines and Metallurgy.

GPM Metals Inc. is led by an experienced management and technical team with demonstrable skills and experience in all facets of mineral development, from grass roots exploration to capital markets and mine builds globally. The Company maintains offices in Brisbane and Toronto.

For further information contact:

GPM Metals Inc.

Att: John Patrick Sheridan,  CEO

Suite 301 – 141 Adelaide Street West,

Toronto, Ontario M5H 3L5

Telephone : (416) 628-5904

Telefax :       (416) 628-6835

Email: [email protected]

 

Forward Looking Statements

Completion of an interest in the Walker Gossan Project by the Company remains subject to a number of conditions. There can be no assurance that an interest in such property will be acquired by the Company, as proposed or at all.  All statements other than statements of historical fact, included in this release, including, without limitation, statements regarding the potential acquisition by the Company of an interest in the Walker Gossan Project are forward-looking statements that involve various risks and uncertainties. There can be no assurance that such statements will prove to be accurate and actual results and future events could differ materially from those anticipated in such statements. Important factors that could cause actual results to differ materially from the Company’s expectations are exploration risks detailed herein and from time to time in the filings made by the Company with securities regulators.

 

Neither the TSX Venture Exchange nor its Regulation Services Provider accepts responsibility for the adequacy or accuracy of this release.

GPM METALS INC. SIGNS AGREEMENT TO SELL GUYANA PROPERTIES

TORONTO, June 13, 2014 – GPM Metals Inc. (“GPM” or the “Company”) (TSXV:GPM), is pleased to announce that it has entered into a non-binding letter agreement (the “Letter Agreement”) dated June 13, 2014 for the sale of its interest in two gold exploration properties located in Guyana (the “Properties”), together with the interest of GPM in all property, assets and rights ancillary to the Properties, to Bartica Investments Ltd. (the “Purchaser”) for an aggregate cash payment to the Corporation of Cdn.$650,000 (the “Sale Transaction”). The cash consideration shall be paid to GPM as follows:

(a)     Cdn$350,000 to be paid on the closing date of the Sale Transaction; and

(b)       Cdn$300,000 to be paid on or prior to the first anniversary of the closing date of  the Sale Transaction.

The sale of the properties is consistent with the Company’s current focus of acquiring and exploring silver/lead/zinc properties.

The completion of the Sale Transaction is subject to the satisfaction of certain conditions, including among other things, execution of a definitive agreement, the approval of the TSX Venture Exchange (the “TSXV”) and, as noted below, the approval of disinterested shareholders.

The Sale Transaction constitutes a “related party transaction” within the meaning of Multilateral Instrument 61-101 – Protection of Minority Security Holders in Special Transactions (“MI 61-101”) and Policy 5.9 of the TSXV Corporate Finance Manual, because the Purchaser is a company in which Patrick Sheridan, an officer, director and significant shareholder of the Corporation, holds an interest. Accordingly, prior to signing the Letter Agreement, GPM formed a special committee of independent directors to review, consider and make a recommendation to the board of directors of the Corporation (the “Board”) with respect to the approval of the Sale Transaction. The special committee has received a fairness opinion from Klein Farber Corporate Finance Group Inc. in connection with the Sale Transaction which stated that the Sale Transaction is fair from a financial perspective to the disinterested shareholders of the Corporation. The special committee recommended the Sale Transaction to the Board. MI 61-101 requires a formal valuation and minority shareholder approval for a related party transaction unless an exemption is available. An exemption from the valuation requirement and minority approval requirements is available to the Corporation as the fair market value of the Transaction is less than 25% of the market capitalization of the Corporation. The Sale Transaction is a “Reviewable Transaction” within the meaning of TSXV Policy 5.3 Acquisition of Dispositions of Non-Cash Assets. The TSXV is requiring the Sale Transaction to be approved by a majority of the disinterested shareholders of the Corporation. Shareholders will be invited to consider and vote upon the Sale Transaction at the upcoming annual and special shareholders meeting of GPM scheduled to be held on July 17, 2014.

For further information contact:

GPM Metals Inc.

Suite 301

141 Adelaide Street West

Toronto, Ontario M5H 3L5

Attn: John Timmons

Tel: (416) 628-5904

Fax: (416) 628-6835

E-mail: [email protected]

 

Forward Looking Statements

Completion of the Sale Transaction is subject to a number of conditions, including TSX Venture Exchange acceptance and the receipt of disinterested shareholder approval. The Sale Transaction cannot close until the required shareholder and regulatory approvals are obtained. There can be no assurance that the Sale Transaction will be completed as proposed or at all. Investors are cautioned that, except as disclosed in the management information circular to be prepared in connection with the Sale Transaction, any information released or received with respect to the Sale Transaction may not be accurate or complete and should not be relied upon. Trading in the securities of GPM should be considered highly speculative. The TSX Venture Exchange has in no way passed upon the merits of the proposed Sale Transaction and has neither approved nor disapproved the contents of this press release.

All statements other than statements of historical fact, included in this release, including, without limitation, statements regarding completion of the Sale Transaction are forward-looking statements that involve various risks and uncertainties. There can be no assurance that such statements will prove to be accurate and actual results and future events could differ materially from those anticipated in such statements. Important factors that could cause actual results to differ materially from the GPM’s expectations are exploration risks detailed herein and from time to time in the filings made by GPM with securities regulators.

Neither the TSX Venture Exchange nor its Regulation Services Provider accepts responsibility for the adequacy or accuracy of this release.

GPM Metals Inc. announces the grant of stock options

TORONTO, Feb. 18, 2014 /CNW/ – GPM Metals Inc. (TSX-V: GPM) (the “Company”) announces that it has granted effective February 17, 2014 an aggregate of

3,150,000 options to directors and employees of the Company with such options being exercisable until February 17, 2017 at an exercise price of $0.10. The

options vest as 25% immediately and 25% after 6, 12 and 18 months from date of grant.

About GPM Metals;

GPM is a Canadian based mineral exploration and development Company, with a current portfolio of 5 exploration properties in 3 countries.

GPM recently acquired an option on the Walker Gossan Project which consists of approximately 166,675 hectares of highly prospective ground located in the McArthur Basin Mining District, Northern Territory, Australia.

The TSX Venture Exchange has not reviewed and does not accept responsibility for this release

SOURCE: GPM Metals Inc.

For further information:

CANADA

J. Patrick Sheridan

President/CEO

301-141 Adelaide

Street West

Toronto, ON. Canada

M5H 3L5

Phone 416.628.5904

[email protected]

AUSTRALIA

Peter Mullens P.Geo

18 Teneriffe Drive,

GPM METALS INC. ANNOUNCES SIGNING OF EARN-IN / JOINT VENTURE AGREEMENT WITH RIO TINTO EXPLORATION PTY LIMITED FOR THE WALKER GOSSAN LEAD-ZINC-SILVER PROJECT, NORTHERN TERRITORY, AUSTRALIA

GPM METALS INC. ANNOUNCES SIGNING OF EARN-IN / JOINT VENTURE AGREEMENT WITH RIO TINTO EXPLORATION PTY LIMITED FOR THE WALKER GOSSAN LEAD-ZINC-SILVER PROJECT, NORTHERN TERRITORY, AUSTRALIA

TORONTO, January 27, 2014: GPM Metals Inc. (TSXV:GPM) (“GPM”) through its wholly owned subsidiary DPG Resources Australia Pty Limited (“DPG”) announces that it has entered into, an Earn-In/Joint Venture Agreement with Rio Tinto Exploration Pty Ltd, a wholly owned subsidiary of Rio Tinto Limited (“Rio Tinto”) (NYSE:RIO); covering base metal exploration and development rights, in relation to certain granted exploration tenements and tenement applications in McArthur Basin Mining District, Northern Territory, Australia (The “Walker Gossan project”).

Rio Tinto and GPM have entered into a definitive Two Stage Earn-In / Joint Venture Agreement granting GPM an initial 51% interest under certain conditions that include;

Stage One

1. Payment of A$1,000,000.00 on signing

2. Minimum expenditure of A$2,000,000 within 3 years of effective date

3. Combined expenditures of A$20,000,000.00 over a 10 year period

4. Milestone payments within the combined expenditures as follows:

(i) A$100,000.00 upon the grant of licences to all of the properties;

(ii) A$1,000,000.00 upon the completion of the first drill hole on the Walker Gossan

(iii) A$4,000,000.00 upon the completion of a JORC Code Compliant resource study that shows an indicated status for minimum 20 million tons of greater than 8% combined lead and zinc, or lead, zinc and silver, within the licenced area or a Decision to Mine being made.

 

Stage Two

GPM may increase its interest to 75% by completing a Feasibility Study within 3 years of completing Stage One.

Rio Tinto may elect to contribute pursuant to its participating share, not contribute and be diluted or convert its interest into a Net Smelter Return (2.5%) royalty.

There are rights of first refusal on purchase and sale of interest for both parties at fair market value.

GPM will be responsible for all negotiations with the Northern Land Council for consent to issue the exploration licence applications and work programs to be conducted by GPM under its sole rights or as operator.

DESCRIPTION OF PROPERTY

The 166,000 hectare Walker Gossan project is located within the Walker Trough, a package of Middle Proterozoic carbonate sediments, situated in Arnhem Land in the Northern Territory of Australia.

Geographical maps and geological setting illustrations are available on the company’s web site. (www.gpmmetals.ca/projects/australia).

The primary area of interest is the Walker Gossan. Gossanous outcrops with highly anomalous lead values were discovered by CRA – Conzinc RioTinto of Australia (predecessor to Rio Tinto Limited) in 1970 and a tenement application was made to the Government of the Northern Territory in 1972. An agreement under the Aboriginal Land Rights Act is required prior to grant of the tenement. To date the area has been held under tenement application and no exploration has been undertaken within the 40 years which have followed the discovery of the gossan.

The Walker Trough is part of an extensive Middle Proterozoic carbonate sequence which occurs from South of Mount Isa through to Darwin over an area of approximately 600,000 square kilometres which hosts one of the great metallogenic belts of the world.

The region includes a number of major silver, lead, zinc and copper deposits. These include the Mount Isa, George Fisher and MacArthur River mines owned by Xstrata; the Cannington Silver Mine, regarded as the largest silver mine in the world, owned by BHP; the Century zinc deposit, one of the largest zinc mines in the world and owned by MMG Mining of China; and several other deposits.

The Walker Trough region was identified by the Northern Territory Geological Survey team as being a direct analogy of the Pb-Zn endowed Batten Fault trough which contains the MacArthur River Zinc mine. Further, it was considered the “hottest untested exploration play in The Northern Territory” in a 2004 publication of the Northern Territory Geological Survey. “http://www.nt.gov.au/d/Minerals_Energy/Geoscience/Content/File/Docs/CORE/NTExplnOpportunities.pdf

Peter Mullens, President, DPG Resources (Australian subsidiary of GPM Metals), states “We are excited to have signed this agreement with Rio Tinto and to partner with them in this project area. The Walker Gossan project has the potential to be a company maker”.

The Qualified Person (“Q.P.”) for GPM is Mr. Peter Mullens P.Geo, who is a member of the Australian Institute of Mining and Metallurgy. Mr. Mullens has reviewed and approved the contents of this release.

ABOUT GPM METALS

GPM METALS is a Canadian based mineral exploration and development Company, with a current portfolio of 5 exploration properties in 3 countries.

The Company board of directors, management and exploration personnel have demonstrable skills in all aspects of mineral development; from grass roots exploration to capital markets and mine builds globally.

The Company treasury is well funded going forward (approximately $4.6 million as of 20 January 2014); and has a strong shareholder base. President and CEO J. Patrick Sheridan currently owns approximately 17% of issued and outstanding shares.

CANADA

J. Patrick Sheridan President/CEO

301-141 Adelaide Street West Toronto, ON. Canada M5H 3L5 Phone 416.628.5904 [email protected]

AUSTRALIA

Peter Mullens P.Geo

18 Teneriffe Drive, Teneriffe, QLD 4005, Australia Phone 61.7.3254.2273 [email protected]

www.gpmmetals.ca

Forward Looking Statements

All statements, other than statements of historical fact, included in this release are forward-looking statements that involve various risks and uncertainties. There can be no assurance that such statements will prove to be accurate and actual results and future events could differ materially from those anticipated in such statements. Important factors that could cause actual results to differ materially from the Company’s expectations are exploration risks detailed herein and from time to time in the filings made by the Company with securities regulators.

Neither the TSX Venture Exchange nor its Regulation Services Provider accepts responsibility for the adequacy or accuracy of this release.