GPM Metals Inc. and Sandy Lake Gold Inc. (formerly Lago Dourado Minerals Ltd.)Announce Closing of Property Sale

TORONTO, ONTARIO–(Marketwired – Jul 21, 2016) – Sandy Lake Gold Inc. (formerly Lago Dourado Minerals Ltd.) (TSX VENTURE:SDL) (“Sandy Lake“) and GPM Metals Inc. (TSX VENTURE:GPM) (“GPM“) are pleased to announce that they have completed the previously announced acquisition (the “Acquisition“) by Sandy Lake from GPM of GPM’s property interests in the Sandy Lake district, Northwestern Ontario. As consideration for the Acquisition, Sandy Lake issued an aggregate of 40,000,000 common shares (the “Consideration Shares“) to GPM. It is a condition of the Acquisition that GPM shall effect a distribution of the Consideration Shares to its shareholders as soon as possible following the closing of the Acquisition, further details of which will be announced by GPM in due course. The Consideration Shares are subject to a statutory hold period expiring November 22, 2016.

Immediately prior to completion of the Acquisition, the subscription receipts issued by Sandy Lake (“Subscription Receipts“) on June 14, 2016 were automatically converted into an aggregate of 12,000,000 common shares of Sandy Lake, without any further action on the part of the holders thereof, and the proceeds from the sale of such Subscription Receipts were released to Sandy Lake from escrow.

Also in completion with the Acquisition, Sandy Lake filed articles of amendment to change its name from “Lago Dourado Minerals Ltd.” to “Sandy Lake Gold Inc.” (the “Name Change“), and the board of directors of Sandy Lake was reconstituted to consist of Michele McCarthy, Jon Douglas, Daniel Noone, Alexander Po and Bruce Rosenberg. The common shares of Sandy Lake giving effect to the Name Change are expected to commence trading on the TSX Venture Exchange under the new symbol “SDL” at the open on Friday, July 22, 2016.

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 Sandy Lake and GPM which have been used to develop such statements and/or information but which may prove to be incorrect. Although Sandy Lake and GPM believe 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 neither Sandy Lake nor GPM can give any 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: the timing of the distribution of the Consideration Shares by GPM, and the timing of the trading of the common shares of Sandy Lake giving effect to the Name Change. 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 that the distribution of the Consideration Shares by GPM may not be completed as currently proposed or at all, and the uncertainty of regulatory timing, as well as certain other risks detailed from time-to-time in Sandy Lake’s and/or GPM’s public disclosure documents. Furthermore, the forward-looking statements contained in this news release are made as at the date of this news release and neither Sandy Lake nor GPM undertakes 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, Lago Dourado property agreement

2016-07-19 18:03 ET – Property Agreement

Also Property Agreement (C-LDM) Lago Dourado Minerals Ltd (2)
The TSX Venture Exchange has accepted for filing documentation relating to an agreement dated May 16, 2016, between Lago Dourado Minerals Ltd. and GPM Metals Inc. Pursuant to the agreement, Lago shall acquire all of the property interests of the company in the Sandy Lake district in Northwestern Ontario.

As consideration, Lago shall issue 40 million shares to the company.

For more information, refer to the company’s news release dated March 29, 2016.

GPM Metals Inc. Announces Closing of Private Placement

 

May 24, 2016 (Toronto, Ontario):  GPM Metals Inc. (“GPM” or the “Company“) (TSXV:GPM) is pleased to announce that it has closed its previously announced non-brokered private placement (the “Offering”), pursuant to which it has issued an aggregate of 28,333,333 special warrants (“Special Warrants”) at a price of $0.15 per Special Warrant to raise aggregate gross proceeds of $4,250,000.  Each Special Warrant will automatically convert into one common share of the Company without any additional payment or action by the holder on September 21, 2016.

 

The Company also issued an aggregate of 853,500 broker warrants to eligible registrants assisting in connection with the Offering, each entitling the holder to acquire one common share of the Company at an exercise price of $0.15 for one year.  All securities issued and issuable pursuant to the Offering are subject to a statutory hold period expiring September 21, 2016.  The Offering remains subject to the final approval of the TSX Venture Exchange.

 

Proceeds from the financing will be used to conduct a 5,000 metre drilling program at the Company’s Walker Gossan zinc project, as well as advance the Pasco zinc project in Peru.

 

ABOUT GPM METALS INC.

GPM Metals Inc. focuses on acquiring and exploring district scale exploration properties. The Company is currently conducting exploration programs on 2 district scale projects in stable jurisdictions.

 

,

For further information please contact:

 

John Patrick Sheridan

Chief Executive Officer

(416) 628-5904

Email: info@gpmmetals.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 and / 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 GPM, including, but not limited to the failure to receive all final regulatory approvals, the impact of general economic conditions, industry conditions, volatility of commodity prices, currency fluctuations, dependence upon regulatory approvals, changes in the proposed use of proceeds of the Offering 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.

Lago Dourado Minerals Ltd. and GPM Metals Inc. Announce Execution of Definitive Agreement

Toronto, Ontario, May 16, 2016 – Lago Dourado Minerals Ltd. (TSXV:LDM) (“Lago”) and GPM Metals Inc. (TSXV:GPM) (“GPM”) are pleased to announce that they have entered into a definitive agreement (the “Definitive Agreement”) governing the terms and conditions of the previously announced proposed acquisition (the “Acquisition”) by Lago from GPM of GPM’s interests in the Sandy Lake district, Northwestern Ontario.  A copy of the Definitive Agreement is available under the profiles of each of Lago and GPM on SEDAR at www.sedar.com.  All other details of the Acquisition remain as previously disclosed in the joint press release of Lago and GPM dated March 29, 2016, also available on SEDAR.

The Acquisition remains subject to various conditions including the receipt of all requisite shareholder and regulatory approvals (including, without limitation, the approval of the TSX Venture Exchange).

***

For further information please contact:

 

Lago Dourado Minerals Ltd.

Forbes Gemmell, President and Chief Executive Officer

Tel: (416) 845-4942

Email: investor@lagodourado.com

GPM Metals Inc.

John Patrick Sheridan, Chief Executive Officer

Tel: (416) 628-5904
Email: info@gpmmetals.ca

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 Lago and GPM which have been used to develop such statements and/or information but which may prove to be incorrect. Although Lago and GPM believe 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 neither Lago nor GPM can give any 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: the completion of the Acquisition either as currently proposed or at all, and the timely receipt of all applicable shareholder and regulatory approvals. 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 that the Acquisition may not be completed as currently proposed or at all, and the uncertainty of obtaining all applicable regulatory and shareholder approvals, as well as certain other risks detailed from time-to-time in Lago’s and/or GPM’s public disclosure documents. Furthermore, the forward-looking statements contained in this news release are made as at the date of this news release and neither Lago nor GPM undertakes 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 Increased Private Placement

May 2, 2016 (Toronto, Ontario): GPM Metals Inc. (“GPM” or the “Company”) (TSXV:GPM) is pleased to announce that it has increased the size of its previously announced non-brokered private placement (the “Offering”), which will now consist of up to 28,333,333 special warrants (“Special Warrants”) at a price of $0.15 per Special Warrant to raise aggregate gross proceeds of up to $4,250,000. All other terms of the Offering remain as previously announced by the Company on April 18 and 29, 2016.

For further information please contact:

John Patrick Sheridan
Chief Executive Officer
(416) 628-5904 ext4002
Email: info@gpmmetals.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 and / 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 GPM, including, but not limited to the failure to complete the Offering as currently proposed or at all, the impact of general economic conditions, industry conditions, volatility of commodity prices, currency fluctuations, dependence upon regulatory approvals, changes in the proposed use of proceeds of the Offering 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.

GPM Metals Inc. Announces Amended Private Placement

April 29, 2016 (Toronto, Ontario): GPM Metals Inc. (“GPM” or the “Company”) (TSXV:GPM) announces today that it has amended the terms of its proposed non-brokered private placement (the “Offering”) that was previously announced on April 18, 2016, which will now consist of up to 25,000,000 special warrants (“Special Warrants”) at a price of $0.15 per Special Warrant to raise aggregate gross proceeds of up to $3,750,000. Each Special Warrant will automatically convert into one common share of the Company without any additional payment or action by the holder on the date which is four months following the closing of the Offering. The Offering is expected to close on or about May 13, 2016 and remains subject to the receipt of all regulatory approvals. The gross proceeds of the Offering will be released to the Company upon closing. Subscribers in the Offering will not be entitled to participate in the previously announced distribution of the common shares of Lago Dourado Minerals Ltd. (“Lago”) which the Company proposes to effect in connection with its sale to Lago of its property interests in the Sandy Lake district of Northwestern Ontario. Insiders of the Company may acquire up to 15,000,000 Special Warrants in the Offering. All other terms of the Offering remain as previously announced by the Company on April 18, 2016. For further information please contact: John Patrick Sheridan Chief Executive Officer (416) 628-5904 Email: info@gpmmetals.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 and / 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 GPM, including, but not limited to the failure to complete the Offering as currently proposed or at all, the impact of general economic conditions, industry conditions, volatility of commodity prices, currency fluctuations, dependence upon regulatory approvals, changes in the proposed use of proceeds of the Offering 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.

GPM Metals Inc. Announces Amendment to Record Date for Distribution

April 28, 2016 (Toronto, Ontario): GPM Metals Inc. (“GPM” or the “Company”) (TSXV:GPM) announces that at the request of the TSX Venture Exchange, ‎it has cancelled the record date of May 2, 2016 previously announced for the distribution to its shareholders of the 40,000,000 common shares of Lago Dourado Minerals Ltd.(the “Consideration Shares”) which it is to receive as consideration for the proposed sale (the “Proposed Sale”) of its property interests in the Sandy Lake district of Northwestern Ontario. The new record date for the distribution of the Consideration Shares will be set and announced by the Company closer to the closing date of the Proposed Sale. ‎

For further information please contact:

John Patrick Sheridan
Chief Executive Officer
(416) 628-5904
Email: info@gpmmetals.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 and / 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 GPM, including, but not limited to the failure to complete the Proposed Sale and/or distribution of the Consideration Shares as currently proposed or at all, and dependence upon shareholder and 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 Lago Dourado Minerals Ltd. Respond to Goldeye Explorations Limited

April 23, 2016 (Toronto, Ontario): GPM Metals Inc. (“GPM”) (TSXV:GPM) and Lago Dourado Minerals Ltd. (“Lago”) (TSXV:LDM) wish to respond to an announcement made by Goldeye Explorations Limited (“Goldeye”) on April 22, 2016 regarding 1,412 claim units known as the “East Block” (the “Additional Interest”) which were staked by GPM surrounding the property known as the Weebigee Project. The Weebigee Project is the subject of an option agreement between GPM and Goldeye (the “Option Agreement”), the terms of which are outlined in a press release of GPM dated April 15, 2015 available on SEDAR at www.sedar.com, and both the Weebigee Project and Additional Interest are the subject of the previously announced proposed sale from GPM to Lago as disclosed in a joint press release of such parties dated March 29, 2016 available on SEDAR at www.sedar.com (the “Proposed Sale”).

Goldeye has contended that the Additional Interest has become part of the property comprising the Weebigee Project and has become subject to a 50/50 joint venture between GPM and Goldeye, all pursuant to the Option Agreement. As Goldeye did not make timely payment to GPM of its pro rata share of the costs of acquiring the Additional Interest as required, GPM disagrees with any such assertion that Goldeye has acquired, or has the right to acquire, any rights or interest in the Additional Interest.

GPM and Lago further confirm that they are proceeding with the Proposed Sale as previously announced and will provide further updates in due course.

For further information please contact:

John Patrick Sheridan
Chief Executive Officer, GPM Metals Inc.
(416) 628-5904
Email: info@gpmmetals.ca

Forbes Gemmell
President and Chief Executive Officer, Lago Dourado Minerals Ltd.
(416) 845-4942
Email: investor@lagodourado.com

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.

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 GPM, including, but not limited to the Proposed Sale, ultimate resolution of the ownership of the Additional Interest, the impact of general economic conditions, industry conditions, volatility of commodity prices, currency fluctuations, dependence upon shareholder and regulatory approvals, 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.

GPM Metals Inc. Announces Private Placement Financing and Record Date for Distribution

TORONTO, April 18, 2016 :  GPM Metals Inc. (“GPM” or the “Company“) (TSXV:GPM) is pleased to announce that it proposes to complete a non-brokered private placement (the “Offering”) pursuant to which it will issue up to  25,000,000 common shares (“Shares”) at a price of $0.15 per Share to raise aggregate gross proceeds of up to approximately $3,750,000.00. In  connection with the Offering, GPM may pay a finder’s fee to certain qualified registrants assisting in the Offering in the amount equal to 5% of the gross proceeds raised by such finders, and issue such number of broker warrants ((“Broker Warrants”) to such finders as is equal to 5% of the number of shares placed by such finders. Each Broker Warrant will entitle the holder thereof to acquire one Share at an exercise price of $0.15 for a period of 12 months. Insiders of the Company may subscribe for up to 15,000,000 Shares in the Offering.

 

The Company intends to use the net proceeds of the Offering for the exploration of the Walker Gossan Project and to advance its Pasco Project in Peru. The Offering is currently scheduled to close on or about May 6, 2016 and remains subject to the receipt of all applicable regulatory approvals.

 

The Company also announces today that in connection with its previously announced sale (the “Proposed Sale”) of its interests in the Sandy Lake district of Northwestern Ontario to Lago Dourado Minerals Ltd. (“Lago”), it has set May 2, 2016 as the record date for the distribution to its shareholders of the 40,000,000 common shares of Lago (the “Consideration Shares“) which it is to receive as consideration for such sale.  The distribution of the Consideration Shares remains subject to completion of the Proposed Sale and receipt of all applicable shareholder and regulatory approvals, including without limitation, the approval of the TSX Venture Exchange (the “TSXV”).  For further details, please refer to the joint press release of the Company and Lago dated March 29, 2016 available on SEDAR at www.sedar.com.

 

About GPM Metals Inc.

GPM Metals is a zinc focused exploration company.

The Company’s current holdings include the district scale Walker Gossan Project, NT., Australia, a joint venture with Rio Tinto Exploration PTY Limited;  and the Pasco Project , Department of Pasco Peru.

Both projects are advanced exploration properties with drill ready targets and have considerable potential to host significant zinc resources.

 

For further information please contact:

John Patrick Sheridan

Chief Executive Officer

(416) 628-5904

Email: info@gpmmetals.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 and / 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 GPM, including, but not limited to the failure to complete the Offering, Proposed Sale and/or distribution of the Consideration Shares as currently proposed or at all, the impact of general economic conditions, industry conditions, volatility of commodity prices, currency fluctuations, dependence upon shareholder and regulatory approvals, changes in the proposed use of proceeds of the Offering 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.

 

GPM Metals announces the discovery of significant Zinc anomalies at the Pasco Project, Peru

TORONTO, April 13, 2016 : GPM Metals Inc. (TSXV: GPM) (the “Company” or “GPM”) is pleased to announce an exploration update and the initial sampling results of the Pasco Project, Department of Pasco, Peru.

The 100% owned Pasco claims (6,300 hectares) are located in the Central Peruvian Zinc belt approximately 30 Km NE of the Cerro de Pasco Mine and 35km N of the Votorantim / Pan American owned Shalipayco discovery.

Mineralisation is hosted within a 5km by 500m zone of dolomitized limestones of the prolific Pucara Formation, at the contact with the Mitu Formation, within a regional scale anticline.  Structurally, on a district scale, the mineralisation is located at the intersection of a North South trending basement / basin margin structure and the North East oriented Chancay – Cerro de Pasco Megafracture which cuts and offsets the Coastal Batholith, and forced igneous migration eastwards during the Cenozoic era.

The style of mineralisation is carbonate replacement, though structurally hosted Au and Cu / Au mineralisation in adjacent claims suggests potential for later overprints of intrusive related mineralisation.

A systematic soil grid of 2,564 samples covering a 3km by 4.5km area was has been completed. XRF analysis of the samples has defined a 4.25km by 1 km trend anomalous in Silver (20ppm to 152ppm), Lead (100ppm to 3.97%) and Zinc (1000ppm to 2.7%). Two zones highly anomalous in lead and zinc have been delineated. The southern anomaly is currently 1.2km by 500m and open to the south and the northern anomaly is 500m by 500m.

Grab samples containing up to 13.3% Zinc, 19.15% Lead and 466ppm Silver have been collected from relatively fresh outcrops within the system. 130 five meter long channel rock chip samples have also been collected. In the southern anomaly, samples of strongly weathered and leached outcrop are generally anomalous in Lead and Silver, with 75m @ 9.4ppm Silver and 4075ppm Lead in Trench 1 being the best result to date.

Location and sampling results are available at the Company web site link / Projects – Peru

http://gpmmetals.ca/node/49

Asesores y Consultores Mineros S.A. have been engaged to complete an ESIA study which will take a minimum of 150 days to complete and be approved by the Environmental Studies General Directorate, Peruvian Ministry of Energy and Mines as a prelude to a drill program.

 

Sampling and Assay methodology: 

Soil samples were taken on a grid of 50 by 50 meters. The soil samples were taken from the B horizon at 25 to 30 cm depth from the surface. The weight of each sample was 2-3 kilograms.   The soil samples were analyzed using XRF (The DELTA Handheld XRF model DCC-6000) on site.

Rock Chip samples were taken in continuous channels of 30 to 75 meters long. Individual samples were 5m in length.  An electric hammer was used for rock sampling.  The weight of each sample was 3.5-4.5 kilograms. Rock samples were assayed at ALS Chemex Lab in Lima Peru using their ME-ICP61 (33 Elements four acid ICP-AES) method.

About GPM Metals Inc.

GPM Metals is a zinc focused exploration company.

 

The Company’s current holdings include the district scale Walker Gossan Project, NT., Australia, a joint venture with Rio Tinto Exploration PTY Limited;  and the Pasco Project , Department of Pasco , Peru.

 

Both projects are advanced exploration properties with drill ready targets and have considerable potential to host significant zinc resources.

 

The Company has  recently announced the sale of its Sandy Lake Gold project to Lago Dourado Minerals (V.LDM), the terms of which are outlined in a press release of GPM dated 30 March 2016. Available on SEDAR at www.sedar.com

 

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.

 

 

 

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: info@gpmmetals.ca

 

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

© 2016 GPM Metals Inc. All Rights Reserved.