GPM Metals Inc. announces the grant of stock options

TORONTO, Sept. 8, 2015 /CNW/ – GPM Metals Inc. (TSX-V: GPM) (the “Company”) announces that it has granted effective September 7, 2015 a total of 500,000 options to an employee of the Company with such options being exercisable until September 7, 2020 at an exercise price of $0.115. The options vest as 25% immediately and 25% after 6, 12 and 18 months from date of grant.

About GPM

GPM Metals Inc. focuses on acquiring and exploring district scale exploration properties. Currently the two main projects are the company’s Walker Gossan Project, NT, Australia; and the Weebigee Gold Project in Sandy Lake, Ontario.

The company treasury is well funded going forward; and has a strong shareholder base. Management and insiders hold approximately  30% of outstanding shares

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

SOURCE GPM Metals Inc.

For further information: Guyana Precious Metals Inc., Suite 1205, 141 Adelaide Street West, Toronto, Ontario M5H 3L5, Attn: John

Patrick Sheridan, Tel: (416) 628-5904, Fax: (416) 628-5935, E-mail: [email protected], www.gpmmetals.ca

GPM Metals Inc. Announces Acquisition of Pasco Property

TORONTO, Sept. 3, 2015 /CNW/ – GPM Metals Inc. (“GPM”) (TSXV:GPM), is pleased to announce that it has entered into an agreement with Francisco Javier Solano Ore (the “Vendor“), Chaska Resources SAC and Guyana Precious Metals Inc. (each an indirect subsidiary of GPM) providing for the indirect acquisition by GPM of a 100% interest in the property known as the Pasco property located in Huachon, Province of Pasco, Department of Pasco, Peru (the “Acquisition“).  The consideration payable to the Vendor for the Acquisition will consist of a cash payment of US$16,750 (comprised of US$13,000.00 for initial geochemical sampling, and US$3,750.00 for payment of tenement rent and staking costs) and the issuance of 50,000 common shares of GPM.

The property consists of 5,500 hectares of highly prospective ground, located approximately 25 km. NE of the historic silver, lead and zinc Cerro de Pasco Mine.

The property contains strong Zn, Pb, and Ag soil anomalies hosted in a Jurassic Pucara formation.

The targeted alteration system has an estimated foot print of 500 meters X 5 kilometers.

An exploration field team is expected to be mobilizing within 15 days to the Pasco property to commence a  comprehensive 7000 sample soil and rock chip sampling program. It is anticipated that this stage of the exploration program will be completed within 10 weeks of the start date.

ABOUT GPM METALS INC.

GPM Metals Inc. focuses on acquiring and exploring district scale exploration properties. Currently the two main projects are the company’s Walker Gossan Project, NT;  and the Weebigee Gold Project in Sandy Lake, Ontario.

All scientific and technical information in this press release has been prepared under the supervision of Dan Noone, (Vice President Exploration and a, Director of GPM), a “qualified person” within the meaning of National Instrument 43-101. Mr. Noone (B.Sc Geology, MBA) is a member of the Australian Institute of Geoscientists.

The completion of the Acquisition is subject to the satisfaction of certain conditions, including among other things, the final approval of the TSX Venture Exchange.

Forward Looking Statements

Completion of the Acquisition is subject to a number of conditions, including TSX Venture Exchange acceptance. The Acquisition cannot close until the required regulatory approvals are obtained. There can be no assurance that the Acquisition will be completed as proposed or at all.  All statements other than statements of historical fact, included in this release, including, without limitation, statements regarding completion of the Acquisition and future exploration plans for the Pasco property 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.

SOURCE GPM Metals Inc.

For further information: GPM Metals Inc., Suite 1205, 141 Adelaide Street West, Toronto, Ontario M5H 3L5, Attn: John Patrick Sheridan, Tel: (416) 628-5904, Fax: (416) 628-5935, E-mail: [email protected]

GPM METALS INC. provides an exploration update of The Weebigee and Sandy Lake East Gold Project

TORONTO, August 27, 2015 : GPM Metals Inc. (TSXV: GPM) (the “Company” or “GPM”) and Goldeye Explorations Limited (TSXV: GGY) (the “Company” or “GGY”) wish to announce the commencement of an airborne high resolution VTEM survey with 200 meter line spacing over 1264 line kilometers at the Weebigee property and the adjoining recently staked ground consisting of approximately 6,500 hectares in total.

GPM Metals is the operator of the project.

The helicopter airborne EM and Horizontal Magnetic Gradiometer survey will assist the Company in identifying geological structures and conductors that may indicate prospective diamond drill targets.

This survey will be undertaken by Geotech Ltd., Aurora, Ontario.

The Company also reports that a 4 man geological prospecting crew has been groundtruthing, sampling and mapping in the Sandborn Bay area since mid June of this year.

The prospecting field crew is scheduled to re-locate their exploration camp to the eastern section of Sandy Lake within the next 7 days, to continue their early stage reconnaissance field work and sampling.

GPM and Goldeye wish to thank the First Nation communities of Sandy Lake and Keewaywin for their  co-operation and logistical support of this ongoing mineral exploration program.

About Weebigee

Weebigee is a high-grade gold project located near Sandy Lake, approximately 225 kilometers north of Red Lake and 200 kilometers west of Goldcorp’s Musselwhite mine, in Northwestern Ontario. The Project comprises a 100% interest in 225 contiguous claims (363 claim units) covering approximately 6,000 hectares in the highly prospective and underexplored Sandy Lake greenstone belt. Certain of the claims are subject to a 1% net smelter returns (NSR) royalty. The Project has a very promising potential based on its greenstone geology and known mineralization showings. Weebigee lies within the traditional territory of Sandy Lake First Nation (“SLFN”) with whom Goldeye signed a comprehensive Exploration Agreement in 2013.

About GPM Metals Inc.

GPM Metals Inc. focuses on acquiring and exploring district scale exploration properties. Currently the two main projects are the Company’s Walker Gossan Project, NT; and the Weebigee Gold Project in Sandy Lake, Ontario.

The company treasury is well funded going forward; and has a strong shareholder base. Management and insiders hold approximately 30% of outstanding shares.

About Goldeye Explorations Limited

Goldeye Explorations is a Canadian gold-focused junior exploration company engaged in the acquisition, exploration and evaluation of properties in mineral rich, politically secure jurisdictions. Goldeye’s flagship property is Weebigee, located near Sandy Lake in Northwestern Ontario. The company has additional properties in Ontario (Gold Rock, and West Shining Tree), and British Columbia (Todd Creek).

All scientific and technical information in this press release has been prepared under the supervision of Dan Noone, (Vice President Exploration and a Director of GPM), a “qualified person” within the meaning of National Instrument 43-101. Mr. Noone (B.Sc Geology, MBA) is a member of the Australian Institute of Mines and Metallurgy.

For further information contact:

GPM Metals Inc.

Att: John Patrick Sheridan, CEO

Suite 1205 – 141 Adelaide Street West,

Toronto, Ontario M5H 3L5

Telephone : (416) 628-5904

Telefax :       (416) 628-6835

Email: [email protected]

 

Goldeye Explorations Limited

Blaine Webster, P. Geo. CEO

Tel:  (905) 886 2538 Cell: + 1 (416) 315 9708

[email protected]

Robin Luke Webster, President

[email protected]

Tel:  (905) 886 2538 Cell: +1 (416) 877 6389

Forward Looking Statements

This news release contains certain forward-looking information and statements within the meaning of applicable securities laws. The use of any of the words “expect”, “anticipate”, “continue”, “estimate”, “may”, “might”, “will”, “project”, “should”, “believe”, “plans”, “intends” and similar expressions are intended to identify forward-looking information and/or statements.  Forward-looking statements and/or information are based on a number of material factors, expectations and/or assumptions of GPM which have been used to develop such statements and/or information but which may prove to be incorrect. Although GPM believes that the expectations reflected in such forward-looking statements and/or information are reasonable, undue reliance should not be placed on forward-looking statements as GPM can give no assurance that such expectations will prove to be correct. In addition to other factors and assumptions which may be identified herein, assumptions have been made regarding, among other things: results from planned exploration and drilling activities; GPM’s future plans for operational expenditures; the accuracy of the interpretations of exploration and drilling activity results; availability of financing to fund current and future plans and expenditures; the impact of increasing competition; the general stability of the economic and political environment in which GPM has property interests; the general continuance of current industry conditions; aboriginal matters; the timely receipt of any required regulatory approvals; the ability of GPM to obtain qualified staff, equipment and/or services in a timely and cost efficient manner; the ability of the operator of each project in which GPM has property interests to operate in a safe, efficient and/or effective manner and to fulfill its respective obligations and current plans; future commodity prices; currency, exchange and/or interest rates; and the regulatory framework regarding royalties, taxes and/or environmental matters in the jurisdictions in which GPM has property interests. The forward-looking information and statements included in this news release are not guarantees of future performance and should not be unduly relied upon. Such information and/or statements, including the assumptions made in respect thereof, involve known and unknown risks, uncertainties and other factors that may cause actual results and/or events to differ materially from those anticipated in such forward-looking information and/or statements including, without limitation: risks associated with the uncertainty of exploration results and estimates, currency fluctuations, the uncertainty of conducting operations under a foreign regime, exploration risk, the uncertainty of obtaining all applicable regulatory approvals, the availability of labour and/or equipment, the fluctuating prices of commodities, the availability of financing and GPM’s dependence on its management personnel, other participants in the property areas and/or certain other risks detailed from time-to-time in GPM’s public disclosure documents, (including, without limitation, those risks identified in this news release and GPM’s current management’s discussion and analysis). Furthermore, the forward-looking statements contained in this news release are made as at the date of this news release and the Company does not undertake any obligations to publicly update and/or revise any of the included forward-looking statements, whether as a result of additional information, future events and/or otherwise, except as may be required by applicable securities laws.

 

 

 

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy and/or accuracy of this release.

GPM METALS INC. provides an update of The Walker Gossan Project, Northern Territory, Australia.

TORONTO, July 22, 2015 : GPM Metals Inc. (TSXV: GPM) (the “Company” or “GPM”) is pleased to announce that approval for EL 24305 to proceed to grant has been obtained; enabling the Company to proceed with exploration on key areas of the Walker Gossan Project (“WGP”), Northern Territory, Australia . The project is a joint venture between the Company and Rio Tinto Exploration PTY Ltd. (see January 27, 2014 press release of the Company available on SEDAR at www.sedar.com). The approvals represent a major milestone for the project as the tenements have been under application for in excess of 40 years following the identification of favourable and highly anomalous areas in 1972.

The WGP lies within one of the great metallogenic provinces of the world. The WGP is located within the Walker Fault Zone, which was identified by the Northern Territory Geological Society (“NTGS”) as being the “hottest untested exploration play in the Northern Territory” in a 2004 publication of the NTGS.

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

Included within the North Australian Zinc Province; which currently provides 30% of the world zinc production, are a number of significant silver, lead, zinc and copper deposits;  including the Mt. Isa, George Fisher, McArthur River, Cannington and Century Mines.

The Company is currently planning an initial exploration program to commence in September of this year. Work will consist of rock and soil geochemistry, geological mapping and geophysics over key targets for drilling which is currently scheduled to take place in mid 2016.

Patick Sheridan , CEO of GPM stated “We are delighted to be moving ahead with WGP and look forward to working diligently with our partners for the development of the project and to the benefit of stakeholders.”

ABOUT GPM METALS INC.

GPM Metals Inc. focuses on acquiring and exploring district scale exploration properties. Currently thetwo main projects are the Company’s Walker Gossan Project, NT; and the Weebigee Gold Project in Sandy Lake, Ontario.

All scientific and technical information in this press release has been prepared under the supervision of Dan Noone, (Vice President Exploration and a Director of GPM),  a “qualified person” within the meaning of National Instrument 43-101. Mr. Noone (B.Sc Geology, MBA) is a member of the Australian Institute of Mines and Metallurgy.

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

This news release contains certain forward-looking information and statements within the meaning of applicable securities laws. The use of any of the words “expect”, “anticipate”, “continue”, “estimate”, “may”, “might”, “will”, “project”, “should”, “believe”, “plans”, “intends” and similar expressions are intended to identify forward-looking information and/or statements.  Forward-looking statements and/or information are based on a number of material factors, expectations and/or assumptions of GPM which have been used to develop such statements and/or information but which may prove to be incorrect. Although GPM believes that the expectations reflected in such forward-looking statements and/or information are reasonable, undue reliance should not be placed on forward-looking statements as GPM can give no assurance that such expectations will prove to be correct. In addition to other factors and assumptions which may be identified herein, assumptions have been made regarding, among other things: results from planned exploration and drilling activities; GPM’s future plans for operational expenditures; the accuracy of the interpretations of exploration and drilling activity results; availability of financing to fund current and future plans and expenditures; the impact of increasing competition; the general stability of the economic and political environment in which GPM has property interests; the general continuance of current industry conditions; aboriginal matters; the timely receipt of any required regulatory approvals; the ability of GPM to obtain qualified staff, equipment and/or services in a timely and cost efficient manner; the ability of the operator of each project in which GPM has property interests to operate in a safe, efficient and/or effective manner and to fulfill its respective obligations and current plans; future commodity prices; currency, exchange and/or interest rates; and the regulatory framework regarding royalties, taxes and/or environmental matters in the jurisdictions in which GPM has property interests. The forward-looking information and statements included in this news release are not guarantees of future performance and should not be unduly relied upon. Such information and/or statements, including the assumptions made in respect thereof, involve known and unknown risks, uncertainties and other factors that may cause actual results and/or events to differ materially from those anticipated in such forward-looking information and/or statements including, without limitation: risks associated with the uncertainty of exploration results and estimates, currency fluctuations, the uncertainty of conducting operations under a foreign regime, exploration risk, the uncertainty of obtaining all applicable regulatory approvals, the availability of labour and/or equipment, the fluctuating prices of commodities, the availability of financing and GPM’s dependence on its management personnel, other participants in the property areas and/or certain other risks detailed from time-to-time in GPM’s public disclosure documents, (including, without limitation, those risks identified in this news release and GPM’s current management’s discussion and analysis). Furthermore, the forward-looking statements contained in this news release are made as at the date of this news release and the Company does not undertake any obligations to publicly update and/or revise any of the included forward-looking statements, whether as a result of additional information, future events and/or otherwise, except as may be required by applicable securities laws.

 

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy and/or accuracy of this release.

GPM Metals Inc. Announces Share Consolidation

Toronto – July 16, 2015 – GPM Metals Inc. (TSXV:GPM) (the “Company” or “GPM”) announces that it has filed articles of amendment to consolidate the Company’s issued and outstanding common shares on the basis of one (1) new common share for every two (2) existing common shares, effective as of July 16, 2015 (the “Consolidation”). Shareholder approval of the Consolidation was obtained at the Company’s annual and special meeting of shareholders held on June 24, 2015.

In connection with the Consolidation, the Company has sent letters of transmittal to holders of its common shares for use in transmitting their share certificates to the Company’s registrar and transfer agent in exchange for new certificates representing the number of post-Consolidation common shares to which such shareholder is entitled as a result of the Consolidation.  No delivery of a certificate evidencing a post-Consolidation common share of the Company to a shareholder will be made until the shareholder has surrendered its current issued certificates.  Until surrendered, each certificate formerly representing pre-Consolidation common shares shall be deemed for all purposes to represent the number of post-Consolidation common shares to which the holder is entitled as a result of the Consolidation.

As at July 16, 2015, immediately following the Consolidation, there were 61,475,358 common shares of the Company issued and outstanding. The post-Consolidation common shares will commence trading on the TSX Venture Exchange effective as of July 17, 2015.

For further information:

GPM Metals Inc.

Suite 301, 141 Adelaide Street West

Toronto, Ontario M5H 3L5

Attn: John Patrick Sheridan

Tel: (416) 628-5904, Fax: (416) 628 5935

E-mail: [email protected]

 

Forward-Looking Statements

This news release contains certain forward-looking statements and forward-looking information (collectively referred to herein as “forward-looking statements”) within the meaning of Canadian securities laws. All statements other than statements of historical fact are forward-looking statements. Undue reliance should not be placed on forward-looking statements, which are inherently uncertain, are based on estimates and assumptions, and are subject to known and unknown risks and uncertainties (both general and specific) that contribute to the possibility that the future events or circumstances contemplated by the forward-looking statements will not occur, including the effective date of trading of the post-Consolidation common shares. Although GPM believes that the expectations reflected in the forward looking statements contained in this press release, and the assumptions on which such forward-looking statements are made, are reasonable, there can be no assurance that such expectations will prove to be correct. Readers are cautioned not to place undue reliance on forward-looking statements included in this document, as there can be no assurance that the plans, intentions or expectations upon which the forward-looking statements are based will occur. By their nature, forward-looking statements involve numerous assumptions, known and unknown risks and uncertainties that contribute to the possibility that the predictions, forecasts, projections and other forward-looking statements will not occur, which may cause GPM’s actual performance and results in future periods to differ materially from any estimates or projections of future performance or results expressed or implied by such forward-looking statements. The forward-looking statements contained in this news release are made as of the date thereof and GPM does not undertake any obligation to update publicly or to revise any of the included forward-looking statements, except as required by applicable law. The forward-looking statements contained herein are expressly qualified by this cautionary statement.

 

NEITHER THE TSX VENTURE EXCHANGE NOR ITS REGULATION SERVICES PROVIDER (AS THAT TERM IS DEFINED IN THE POLICIES OF THE TSX VENTURE EXCHANGE) ACCEPTS RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THIS RELEASE.

GPM METALS INC. announces Results of 2015 Annual Meeting

Toronto, Ontario, June 25, 2015 GPM Metals Inc. (TSXV:GPM) (the “ Company”) announces that at the annual  meeting of shareholders held in Toronto on June 24, 2015 (the “Meeting”), all director nominees listed in the Company’s management information circular dated May 21, 2015 were elected as directors of the Company. The detailed results of the vote are as follows:

Alan Ferry                                     Votes For                          30,838,713                98.85%

                                                        Withheld                                357,500                   1.15%

 

Daniel Noone                               Votes For                           31,088,713                99.66%

                                                        Withheld                                 107,500                  0.34%

 

Alexander Po                                Votes For                            31,133,713               99.80%

                                                         Withheld                                   62,500                  0.20%    

 

Bruce Rosenberg                          Votes For                            31,133,713               99.80%

                                                         Withheld                                    62,500                  0.20%

 

Patrick Sheridan                           Votes For                            31,133,713               99.80%

                                                        Withheld                                 62,500                     0.20%

 

Doug Lewis                                    Votes For                           30,838,713               98.85%

                                                         Withheld                                 357,500                 1.15%

 

Harry Burgess                               Votes For                            31,133,713               99.80%

                                                        Withheld                                    62,500                  1.15%

 

In addition, at the Meeting, shareholders appointed Collins Barrow Toronto LLP, Chartered Accountants  as auditors of the company. In total 25 management proxies were received representing 33,060,927 shares or 29.82% of the outstanding shares of the Company.

For further information:

GPM Metals Inc.

Suite 301

141 Adelaide Street West

Toronto, Ontario M5H 3L5

Attn: John Patrick Sheridan

Tel: (416) 628 5904

Fax: (416) 628 5935

E-mail: [email protected]

GPM AND GOLDEYE ANNOUNCE EXPANSION OF WEEBIGEE PROJECT AND NEW 50/50 JOINT VENTURE

Toronto, Canada, June 1, 2015 – GPM Metals Inc. (TSXV:GPM) (“GPM”) and Goldeye Explorations Limited (TSXV:GGY) (“Goldeye”) are pleased to announce that GPM, with support and assistance from Goldeye, has staked approximately 1,400 additional claim units at their Weebigee Project (the “Project”) near Sandy Lake in Northwestern Ontario. The additional claim units, staked between May 11 and May 24, 2015, represent a more that 400% increase in the size of the Project and bring the total land package at Weebigee to approximately 28,000 hectares.

 

The district-sized property now covers a significant portion of the Sandy Lake greenstone belt, which is located within the North Caribou Terrane of the northwestern Superior Province. Despite being located in the same geological terrane as the highly prolific Red Lake gold camp and Goldcorp’s world-class Musselwhite mine, the Sandy Lake greenstone belt remains significantly underexplored.

 

The newly acquired claims extend the key gold bearing trend being explored in the Northwest Arm of Sandy Lake by an additional 35 km along strike. Numerous historic gold showings are documented along the eastern section of this new claim block, hosted within a distinctive sequence of rock units dominated by iron formation and quartz-rich felsic tuff. This same rock sequence hosts the gold zones intersected in Goldeye’s 2014 drilling program (Knoll, Bernadette, and RvG4) and can be traced east and west across the entire length of the expanded property.

 

Staking also expanded the contiguous Sandborn Bay claim block to the south in order to cover the extensions of prospective base metal horizons. At Sandborn Bay, Cu (up to 3%), Zn (up to 4.5%), and Ag (up to 352 g/t) values are associated with cherty felsic tuffs, VLF-EM conductors, cordierite alteration (sediments) and talc-antigorite alteration (ultramafics). These potentially key exhalative horizons extend southwest of an interpreted felsic dome (Granite Bay intrusive).

 

Planning for a summer exploration program is underway and field crews are expected to mobilize later this month.

 

The option agreement between GPM and Goldeye dated April 15, 2015 (the “Option Agreement”), provides that should either GPM or Goldeye acquire any additional interest in any mineral, surface or water rights (an “Additional Interest”) where the Additional Interest is located between one (1) and one hundred (100) miles of the boundaries of the property (the “Property”) comprising the Weebigee Project as it was comprised on the effective date of the Option Agreement, any such Additional Interest shall be acquired jointly by GPM and Goldeye on a 50/50 basis (the “50/50 Joint Venture”). The acquiring party is required to notify the other party in writing of the Additional Interest acquired and the cost of acquisition thereof, and shall provide the other party with copies of all related geological and other data in its possession pertaining to such Additional Interest. The notified party shall then have ninety (90) days following receipt by it of the foregoing notification to elect in writing to have the Additional Interest included as part of the 50/50 Joint Venture. If the notified party elects in writing within this ninety (90) day period to have the Additional Interest included as part of the 50/50 Joint Venture, and upon payment of 50% of the costs of acquisition of such Additional Interest, such Additional Interest shall form and become part of the 50/50 Joint Venture.

Goldeye intends to elect to have the Additional Interest included as part of the 50/50 Joint Venture. The 50/50 Joint Venture will be subject to a separate joint venture agreement to be negotiated and entered into by GPM and Goldeye. The Option Agreement provides that the form of the joint venture agreement for the 50/50 Joint Venture shall be substantially in the form of the joint venture agreement contained in the Option Agreement with only such changes as are necessary to reflect the participating interests of the parties under the 50/50 Joint Venture.

GPM will be the manager of the 50/50 Joint Venture, and GPM and Goldeye will be required to contribute their pro rata share of further expenditures based on their respective percentage interest in the 50/50 Joint Venture from time to time on standard industry terms.

 

All scientific and technical information in this press release has been prepared under the supervision of David Jamieson (B.Sc., P.Geo) who is a “qualified person” within the meaning of National Instrument 43-101. Mr. Jamieson is a member of the Association of Professional Geoscientists of Ontario.

 

On behalf of the Boards of Directors,

 

John Patrick Sheridan

Chief Executive Officer

GPM Metals Inc.

 

Blaine Webster

Chief Executive Officer

Goldeye Explorations Limited

 

About Weebigee

 

Weebigee is a gold and base metals project located near Sandy Lake, approximately 225 km north of Red Lake, in Northwestern Ontario. The Project comprises approximately 28,000 hectares in the highly prospective and underexplored Sandy Lake greenstone belt. Certain of the claims are subject to a 2% net smelter returns (“NSR”) royalty. Weebigee lies within the traditional territory of Sandy Lake First Nation (“SLFN”) with whom Goldeye signed a comprehensive Exploration Agreement in 2013.

 

Exploration efforts to date have focused on the Northwest Arm claim block where a 2014 drill program (23 holes totaling 2,219 metres) confirmed the presence of significant high-grade gold mineralization. Highlights included: 12.86 g/t Au over 6.85 metres core length in hole BK-14-03 (Bernadette Zone), 12.45 g/t Au over 3.5 metres core length in hole BK-14-05 (Knoll Zone), and 23.15 g/t Au over 3.97 metres core length in hole BK-14-18 (RvG4 Zone). Visible gold was noted in 50% of the drill holes. A complete database of assays from the drill program is available on Goldeye’s website at www.goldeye.ca

 

Base metal showings up to 4.5% Zn and 3% Cu occur approximately 5 kilometers to the south, at Sandborn Bay, along with grab samples of 352 g/t Ag and 1 g/t Au.

 

The Project is adjacent to SLFN Reserve #88 which has excellent infrastructure including an airport with daily direct flights to Winnipeg, Red Lake and Sioux Lookout and winter road connection to Red Lake. All weather access roads are located within one kilometre of the Northwest Arm claim block.

 

About GPM Metals Inc.

 

GPM Metals Inc. focuses on acquiring and exploring district scale exploration properties. Currently the two main projects are the Company’s Walker Gossan Project, NT. and the Weebigee Gold Project Sandy Lake, Ontario.

 

About Goldeye Explorations Limited

 

Goldeye Explorations is a Canadian junior exploration company engaged in the acquisition, exploration and evaluation of properties in mineral rich, politically secure jurisdictions. Goldeye’s flagship property is Weebigee, located near Sandy Lake in Northwestern Ontario. The company has additional properties in Ontario (Gold Rock, and West Shining Tree) and British Columbia (Todd Creek).

 

CONTACT INFORMATION

 

GPM Metals Inc.

 

Suite 301 – 141 Adelaide Street West

Toronto, Ontario M5H 3L5

Att: John Patrick Sheridan

Tel: + 1 (416) 628 5904

Telefax: + 1 (416) 628 6835

Email: [email protected]

 

Goldeye Explorations Limited

 

Blaine Webster, P. Geo.

Chief Executive Officer

Tel: + 1 (905) 886 2538

Cell: + 1 (416) 315 9708

Email: [email protected]

 

 

 

Robin Luke Webster

President

Tel: + 1 (905) 886 2538

Cell: +1 (416) 877 6389

Email: [email protected]

 

 

FORWARD LOOKING STATEMENTS

This news release contains “forward-looking information” (within the meaning of applicable Canadian securities laws) and “forward-looking statements” (within the meaning of the U.S. Private Securities Litigation Reform Act of 1995). Such statements or information are identified with words such as “anticipate”, “believe”, “expect”, “plan”, “intend”, “potential”, “estimate”, “propose”, “project”, “outlook”, “foresee” or similar words suggesting future outcomes or statements regarding an outlook. Such statements include those regarding the highly prospective nature of the Weebigee Project, Goldeye’s intention to elect to have the Additional Interest included as part of the 50/50 Joint Venture, and GPM’s and Goldeye’s expectations with respect to mobilization of field crews later this month for a planned summer exploration program. There has been insufficient exploration to define a mineral resource on the Project and it is uncertain if further exploration will result in the target being delineated as a mineral resource. Potential quantity and grade is conceptual in nature.

 

Such forward-looking information or statements are based on a number of risks, uncertainties and assumptions which may cause actual results or other expectations to differ materially from those anticipated and which may prove to be incorrect. Assumptions have been made regarding, among other things, receipt of applicable regulatory approvals, and management’s expectations regarding availability of capital, in particular, Goldeye’s ability to raise the necessary capital to participate in the 50/50 Joint Venture with respect to the Additional Interest. Actual results could differ materially due to a number of factors, including, without limitation, operational risks in the exploration and development of the Project, delays or changes in plans with respect to the development of the Project, risks affecting the ability to execute plans with respect to the Project, weather and other environmental risks, availability of regulatory approvals and the inability to raise additional capital. Although GPM and Goldeye believe that the expectations reflected in the forward-looking information or statements are reasonable, prospective investors in their securities should not place undue reliance on forward-looking statements because GPM and Goldeye can provide no assurance that such expectations will prove to be correct. Forward-looking information and statements contained in this news release are as of the date of this news release and GPM and Goldeye assume no obligation to update or revise this forward-looking information and statements except as required by law.

 

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

GPM Metals 12-million-share private placement

The TSX Venture Exchange has accepted for filing documentation with respect to a non-brokered private placement announced May 20, 2015.

Number of shares:12 million share

Purchase price:Eight cents per share

Warrants:Six million share purchase warrants to purchase six million shares

Warrant exercise price:14 cents for a two-year period

Number of placees:Six placees

Note that in certain circumstances, the exchange may later extend the expiry date of the warrants, if they are less than the maximum permitted term.

For further details, please refer to the company’s news release dated May 27, 2015.

GPM Metals Inc. and Goldeye Explorations Limited Announce Signing of Earn-in Option Agreement for the Weebigee Gold Project, Sandy Lake, Ontario

TORONTO, ONTARIO–(Marketwired – April 15, 2015) – GPM Metals Inc. (TSX VENTURE:GPM) (“GPM”) and Goldeye Explorations Limited (TSX VENTURE:GGY) (“Goldeye”) are pleased to announce that they have entered into a definitive earn-in option agreement (the “Agreement”) whereby GPM has the right and option (the “50.1% Option”) to earn an undivided 50.1% legal and beneficial interest in the Weebigee Project (“Weebigee” or the “Project”) and the right and option (the “70% Option”) to acquire a further 19.9% legal and beneficial interest in the Project for an aggregate undivided 70% legal and beneficial interest in the Project. The Agreement is subject to any further required regulatory approvals including without limitation, the approval of the TSX Venture Exchange.

About Weebigee

Weebigee is a high-grade gold project located near Sandy Lake, approximately 225 kilometers north of Red Lake and 200 kilometers west of Goldcorp’s Musselwhite mine, in Northwestern Ontario. The Project comprises a 100% interest in 225 contiguous claims (363 claim units) covering approximately 6,000 hectares in the highly prospective and underexplored Sandy Lake greenstone belt. Certain of the claims are subject to a 2% net smelter returns (NSR) royalty. The Project has a very promising potential based on its greenstone geology and known mineralization showings. Weebigee lies within the traditional territory of Sandy Lake First Nation (“SLFN”) with whom Goldeye signed a comprehensive Exploration Agreement in 2013.

Recent drilling at Weebigee (23 holes totaling 2,219 metres) confirmed the presence of significant high-grade gold mineralization in the Northwest Arm claim block. Highlights included: 12.86 g/t Au over 6.85 metres core length in hole BK-14-03 (Bernadette Zone), 12.45 g/t Au over 3.5 metres core length in hole BK-14-05 (Knoll Zone), and 23.15 g/t Au over 3.97 metres core length in hole BK-14-18 (RvG4 Zone). Visible gold was noted in 50% of the drill holes. A complete database of assays from the recent drill program is available on Goldeye’s website at www.goldeye.ca. The Northwest Arm claim block covers approximately 20% of the total project area and hosts the highest density of gold showings in the Sandy Lake greenstone belt.

The Project is adjacent to SLFN Reserve #88 which has excellent infrastructure including an airport with daily direct flights to Winnipeg, Red Lake and Sioux Lookout and winter road connection to Red Lake. All weather access roads are located within one kilometre of the Knoll, Bernadette and RvG4 areas.

The Agreement

Pursuant to the Agreement, Goldeye, as optionor, has granted to GPM, as optionee, the right to earn up to a 70% legal and beneficial interest in the Project under certain conditions.

Stage 1 The 50.1% Option

To exercise the 50.1% Option, GPM must:

1. Make payment of $50,000 in cash and issue such number of Common Shares (the “Consideration Shares”) to Goldeye as shall have an aggregate fair market value of Cdn$25,000, following receipt of all necessary approvals, (based on the volume weighted average price of such Consideration Shares over the next five business days;

2. Make three additional cash payments of an aggregate total of $500,000 to Goldeye over 3 years; and

3. Complete expenditures on the Project of an aggregate total of $5,000,000 over 4 years.

Stage 2 The 70% Option

To exercise the 70% Option, GPM, after having exercised the 50.1% Option, must, at its election, either:

1. Deliver a feasibility study to Goldeye on or prior to the date which is five years following the date upon which GPM exercises the 50.1% Option; or,

2. Make cash payments to Goldeye and complete exploration expenditures on the Project as follows:

a. Three cash payments to Goldeye of an aggregate total of $1,500,000 over 2 years;

b. Complete expenditures on the Project of $1,000,000 prior to the 1st anniversary of the 70% Option notice date; and

c. Complete additional expenditures on the Project of $2,000,000 prior to the 2nd anniversary of the 70% Option notice date.

In the event GPM exercises the 50.1% Option and/or the 70% Option, GPM and Goldeye shall be deemed to have formed a new joint venture (the “Joint Venture”) and shall enter into and deliver a Joint Venture Agreement, which shall govern their relationship in respect of the Project. GPM will be the operator of the Project during the term of the option and the manager of the Project following the formation of the Joint Venture. Under the Joint Venture Agreement, GPM and Goldeye will be required to contribute their pro rata share of further expenditures on the Project based on their respective percentage interest in the Joint Venture from time to time on standard industry terms.

The Agreement is subject to the terms of the Exploration Agreement signed between Goldeye and SLFN dated November 12, 2013, which recognizes the importance of opportunities for Sandy Lake First Nation to secure benefits as the Weebigee Project progresses and the importance of the SLFN Traditional Territory to the people of SLFN. Through the Agreement, GPM and Goldeye will continue to work collaboratively with SLFN, and build on the existing relationship for the mutual benefit of all parties.

John Patrick Sheridan, Chief Executive Officer of GPM, comments: “GPM Metals is very excited to work with Goldeye and SLFN in the exploration and development of this exciting project. The Weebigee Project has the potential to develop into a significant gold district.”

Blaine Webster, Chief Executive Officer of Goldeye, comments: “Goldeye has had significant success at Weebigee and results to date indicate the Project has tremendous upside potential. This agreement is a natural next-step and we look forward to working with GPM Metals – a group with a proven technical and corporate team, and track record of progressive relationships with aboriginal communities – to advance the Project.”

All scientific and technical information in this press release has been prepared under the supervision of Dan Noone (Vice President Exploration and Director, GPM Metals Inc.) and Blaine Webster (CEO and Director, Goldeye Explorations Limited), each of whom is a “qualified person” within the meaning of National Instrument 43-101. Mr. Noone (B.Sc Geology, MBA) is a member of the Australian Institute of Mines and Metallurgy. Mr. Webster (B.Sc., P.Geo.) is a member of the Association of Professional Geoscientists of Ontario.

On behalf of the Boards of Directors,

John Patrick Sheridan

Chief Executive Officer

GPM Metals Inc.

Blaine Webster

Chief Executive Officer

Goldeye Explorations Limited

About GPM Metals Inc.

GPM Metals is a Canadian based mineral exploration and development company, with offices in Toronto, Ontario and Brisbane, Queensland. The company’s 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; and has a strong shareholder base. Management and insiders hold approximately 30% of outstanding shares.

About Goldeye Explorations Limited

Goldeye Explorations is a Canadian gold-focused junior exploration company engaged in the acquisition, exploration and evaluation of properties in mineral rich, politically secure jurisdictions. Goldeye’s flagship property is Weebigee, located near Sandy Lake in Northwestern Ontario. The company has

additional properties in Ontario (Gold Rock, and West Shining Tree), British Columbia (Todd Creek) and Region V, Central Chile (Sonia-Puma).

FORWARD LOOKING STATEMENTS

This news release contains “forward-looking information” (within the meaning of applicable Canadian securities laws) and “forward-looking statements” (within the meaning of the U.S. Private Securities Litigation Reform Act of 1995). Such statements or information are identified with words such as “anticipate”, “believe”, “expect”, “plan”, “intend”, “potential”, “estimate”, “propose”, “project”, “outlook”, “foresee” or similar words suggesting future outcomes or statements regarding an outlook. Such statements include those regarding the promising potential of the Project, the receipt of all required regulatory approvals and the exercise of each of the 50.1% Option and 70% Option. There has been insufficient exploration to define a mineral resource on the Project and it is uncertain if further exploration will result in the target being delineated as a mineral resource.

Such forward-looking information or statements are based on a number of risks, uncertainties and assumptions which may cause actual results or other expectations to differ materially from those anticipated and which may prove to be incorrect. Assumptions have been made regarding, among other things, receipt of applicable regulatory approvals, and management’s expectations regarding availability of capital. Actual results could differ materially due to a number of factors, including, without limitation, operational risks in the exploration and development of the Project, delays or changes in plans with respect to the development of the Project, risks affecting the ability to execute plans with respect to the Project, weather and other environmental risks, availability of regulatory approvals and the inability to raise additional capital. Although GPM and Goldeye believe that the expectations reflected in the forward-looking information or statements are reasonable, prospective investors in their securities should not place undue reliance on forward-looking statements because GPM and Goldeye can provide no assurance that such expectations will prove to be correct. Forward-looking information and statements contained in this news release are as of the date of this news release and GPM and Goldeye assume no obligation to update or revise this forward-looking information and statements except as required by law.

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

Contact Information

 GPM Metals Inc. John Patrick Sheridan CEO Tel: + 1 (416) 628 5904 + 1 (416) 628 6835 (FAX) Email: [email protected]

Goldeye Explorations Limited Blaine Webster, P. Geo. CEO Tel: + 1 (905) 886 2538 Cell: + 1 (416) 315 9708 Email: [email protected] Goldeye Explorations Limited Robin Luke Webster President Tel: + 1 (905) 886 2538 Cell: +1 (416) 877 6389

GPM METALS ANNOUNCES A FIVE YEAR RENEWAL OF THE RORY CLAIM GROUP, YUKON TERRITORY

TORONTO, April 01, 2015: GPM Metals Inc. (TSXV:GPM) (the “Company”) announces it has renewed 40 staked claims of the  Rory Claim group until October 3, 2020 with the Mining Recorder, Whitehorse Mining District, Yukon Territory.

The project consists of the 100% interest in the 40 contiguous claim units covering approximately 631 hectares.

The staked ground is located contiguous and south of the Wellgreen Platinum PGM and Nickel Project.

Part of this claim group is traversing the general NW-SE trend of the Kluane Mafic-Ultramafic complex. It contains magnetic and bedrock conductive anomalies detected by an airborne DIGHEM survey commissioned by the Company in 2008.

ABOUT GPM METALS

GPM METALS is a Canadian based mineral exploration and development Company, with offices in Toronto, Ontario and Brisbane, Queensland.

The Company’s 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; and has a strong shareholder base. Management and insiders hold approximately 30% of outstanding shares.

All scientific and technical information in this press release has been prepared under the supervision of Dan Noone, (Vice President Exploration, Director)  a “qualified person” within the meaning of National Instrument 43-101. Mr. Noone (B.Sc Geology, MBA) is a member of the Australian Institute of Mines and Metallurgy.

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]

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is

defined in the policies of the TSX Venture Exchange) accepts responsibility for the

adequacy or accuracy of this release.

 

FORWARD LOOKING STATEMENTS

Certain information set forth in this news release may contain forward-looking statements that involve substantial known and unknown risks and uncertainties. These statements, including statements regarding the Rory Claim group, relate to future events or future performance and reflect the Company’s expectations regarding the future growth, results of operations, business prospects and opportunities. In some cases forward-looking information can be identified by terminology such as “may”, “will”, “should”, “expect”, “intend”, “plan”, “anticipate”, “believe”, “estimate”, “projects”, “potential”, “scheduled”, “forecast”, “budget” or the negative of those terms or other comparable terminology. These forward-looking statements are subject to numerous risks and uncertainties, certain of which are beyond the control of the Company, including, but not limited to, the impact of general economic conditions, industry conditions, volatility of commodity prices, risks associated with the uncertainty of exploration results and estimates, metallurgical test results and that resource potential will be achieved on exploration projects, currency fluctuations, dependence upon regulatory approvals, political risk, and the uncertainty of obtaining additional financing and exploration risk. Readers are cautioned that the assumptions used in the preparation of such information, although considered reasonable at the time of preparation, may prove to be imprecise and, as such, undue reliance should not be placed on forward-looking statements. The Company expressly disclaims any intention or obligation to update or revise any forward-looking information, whether as a result of new information, events or otherwise, except in accordance with applicable securities