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. Announces Private Placement Financing to Raise Up to $960,000

Toronto, Ontario May 20, 2015. GPM Metals Inc. (TSX-V:GPM) (the “Company”) is pleased to announce that it proposes to effect a non-brokered private placement (the “Offering”) pursuant to which it will issue up to 12,000,000 units (“Units”) at a price of $0.08 per Unit, to raise aggregate gross proceeds of up to $960,000. Each Unit will consist of one common share of the Company (a “Common Share”) and one-half of one share purchase warrant of the Company, each whole such share purchase warrant entitling the holder thereof to acquire one additional Common Share for a period of 24 months at an exercise price of $0.14 per share.

The Offering remains subject to the approval of the TSX Venture Exchange.

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.

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]pmmetals.ca

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.

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 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, financing risk and dependence upon regulatory approvals. 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

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

GPM METALS CLOSES SALE OF GUYANA PROPERTIES

TORONTO, March 31, 2015 – GPM Metals Inc. (“GPM”  or the “Company”) announces it has completed the previously announced sale of its Guyana exploration properties to Bartica Investments Ltd. (“Bartica”) effective March 30, 2015.  As consideration for the sale, the Company is entitled to an aggregate cash payment of $650,000, of which $350,000 was paid at closing and the balance is payable on or prior to the first anniversary of closing.  The sale is a non-arms length transaction as Mr. Patrick Sheridan is both an officer and director of the Company, as well as a significant shareholder of Bartica.

For further information, please refer to the details of transaction previously disclosed in a news release of GPM dated June 13, 2014, available on SEDAR at www.sedar.com.

 

For further information contact:

GPM Metals Inc.

Suite 301

141 Adelaide Street West

Toronto, Ontario M5H 3L5

Attn: John Patrick Sheridan, CEO

Tel: (416) 628-5904

Fax: (416) 628-6835

E-mail: [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.

GPM METALS INC. ANNOUNCES CANCELLATION OF STOCK OPTIONS

TORONTO, January 13, 2015 – GPM Metals Inc. (“GPM” or  the   “Company“) (TSXV:GPM),

The Company announces that it has cancelled 2,875,000 incentive

stock options previously granted to directors, officers, consultants

and employees of the Company. 2,625,000 options had an exercise

price of $0.36 and an expiry date of January 28, 2016 and 250,000

options had an exercise price of $0.48 and an expiry date of April

28, 2016.

For further information contact:

 

GPM Metals Inc.

Suite 301

141 Adelaide Street West

Toronto, Ontario M5H 3L5

Attn: J. Patrick Sheridan

Tel: (416) 628-5904

Fax: (416) 628-6835

E-mail: [email protected]

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

 

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,