GPM Metals Inc. and Lago Dourado Minerals Ltd Announce Property Sale

Toronto, Ontario, March 29, 2016 – Lago Dourado Minerals Ltd. (TSXV:LDM) (“Lago”) and GPM Metals Inc. (TSXV:GPM) (“GPM”) are pleased to announce that they have agreed upon terms of the proposed acquisition (the “Acquisition”) by Lago from GPM of GPM’s interests in the Sandy Lake district, Northwestern Ontario. These interests include a 100% interest in 1400 contiguous claim units known as the “East Block” as well as GPM’s right to earn up to a 70% interest in the Weebigee Project, also known as the “Northwest” claim block (collectively, the “Project”).

The Weebigee Project is a joint venture between GPM and Goldeye Explorations Ltd (TSXV:GGY) (“Goldeye”), the terms of which are outlined in a press release of GPM dated April 15, 2015 available on SEDAR at www.sedar.com.

GPM has agreed to sell its interests in consideration of the issuance of 40,000,000 common shares of Lago (the “Consideration Shares”). It is a condition to the completion of the Acquisition that GPM shall effect a distribution of the Consideration Shares to its shareholders immediately following the closing of the Acquisition (the “Share Distribution”). Following the closing of the Acquisition, the board of directors of Lago shall be increased to consist of five (5) directors, three (3) of which shall be nominees of Lago and two (2) of which shall be nominees of GPM. In addition, it is proposed that Lago change its name to Sandy Lake Gold Inc.

The Project consists of approximately 28,000 hectares of contiguous exploration rights and covers more than 50 km of strike length of the Sandy Lake greenstone belt. The Sandy Lake greenstone belt is located on the same geological terrain as Goldcorp Inc.’s world class Musselwhite Mine, however the Sandy Lake greenstone belt remains significantly under explored.  An aggregate of approximately 3,000 meters of historical exploration drilling had been conducted between 1932 and 1988.  Goldeye completed an exploration agreement with Sandy Lake First Nation (“SLFN”) in 2013 and conducted a further 2,200 meter shallow drill program reporting significant Au results (see Goldeye’s press release dated April 9, 2014, available on SEDAR at www.sedar.com). Utilizing both the economic and geological models of the Musselwhite Mine, the primary exploration target is a 50 km segment of a regional scale banded iron formation (BIF).  Patrick Sheridan, Chief Executive Officer of GPM, states “This transaction creates a new entity with a 100% focus on this exciting exploration project. I am sure that Lago will continue to build upon the existing relations with the SLFN community and other members of the 1910 Ontario Treaty No.5. This coveted relationship founded on the basis of respect, dialogue and cooperation is a vital asset to the success of this project.”

Forbes Gemmell, Chief Executive Officer of Lago states “This purchase allows existing shareholders of Lago to participate in the exploration of this exciting gold district. We look forward to working with Goldeye and other stakeholders to build upon the strong community relationships.”

Further Particulars of the Acquisition

Concurrently with the Acquisition, Lago will complete a private placement to raise minimum gross proceeds of Cdn$1,000,000, of which a minimum of Cdn$750,000 will be raised pursuant to the sale of “flow-through” securities and a minimum of Cdn$250,000 will be raised pursuant to the sale of non-“flow-through” securities (the “Financing”), upon terms yet to be determined.

The Acquisition will be a “non-arm’s length” transaction between the parties within the meaning of the TSX Venture Exchange (“TSXV”) policies and may be subject to a vote of disinterested shareholders due to the fact that (i) Mr. Daniel Noone serves as a director of both Lago and GPM (Mr. Noone owns 102,300 common shares of Lago representing 1.09% of common shares outstanding and owns 1,642,000 common shares of GPM representing 2.67% of common shares outstanding); and (ii) Rosseau Asset Management Ltd. (“Rosseau”) is a significant shareholder of both companies (Rosseau owns 2,374,674 common shares of Lago representing 25.19% of common shares outstanding and owns 9,500,000 common shares of GPM representing 15.44% of common shares outstanding).  Accordingly, Lago will be required to obtain shareholder approval of the Acquisition in accordance with the regulations of the TSXV.  In addition, GPM will be required to obtain shareholder approval of the Share Distribution, and may also be required to obtain shareholder approval of the Acquisition if required by the TSXV.  The boards of directors of each of Lago and GPM formed special committees comprised entirely of independent directors in order to consider and make recommendations with respect to the proposed Acquisition.

The Acquisition remains subject to various conditions including the execution of a definitive agreement, receipt of all requisite shareholder, third party and regulatory approvals (including, without limitation, the approval of the TSXV), and the receipt of an independent technical report in respect of the Project in a form acceptable to the TSXV.

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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 and/or Financing either as currently proposed or at all, the timely receipt of all applicable shareholder, regulatory and third party approvals, planned exploration and drilling activities, and any plans of Lago to exercise the option to acquire an interest in the Weebigee Project; 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; the general continuance of current industry conditions; future commodity prices; currency, exchange and/or interest rates; taxes and/or environmental matters. 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 and/or Financing may not be completed as currently proposed or at all, risks associated with the uncertainty of exploration results and estimates, currency fluctuations, 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 dependence on management personnel, other participants in the property areas and/or 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. UPDATES PROGRESS AT THE WEEBIGEE PROJECT, SANDY LAKE, ONTARIO

Toronto, Canada, March 17, 2016 – GPM Metals Inc. (TSXV:GPM) (“GPM”) and Goldeye Explorations Limited (TSXV:GGY) (“Goldeye”) are pleased to announce that they have received final interpretation reports on the Weebigee Project airborne VTEM/Horizontal Gradient Magnetics Survey (“airborne survey”).  Thirty conductors/areas of interest were identified as moderate to high priority targets for gold or base metal mineralization.  These targets include extensions of known gold and base metal showings, as well as new conductive trends on recently staked claims.  A 2016 field program of prospecting, mapping, powerstripping, and ground geophysics will be used to prioritize the target areas for eventual drill testing.

GPM is the operator of the Weebigee Project.

The airborne survey, along with the 2015 staking and regional compilation programs, have begun to move Weebigee toward a much larger, greenstone belt scale, project.  This more comprehensive approach by GPM recognizes that the 2014 high-grade gold drill intersections (Knoll, Bernadette, and RvG4 zones) represent type targets that have the potential to occur throughout the Sandy Lake greenstone belt.  GPM’s approach also recognizes the base metal potential of the south portion of the belt (Sandborn Bay area).

BLOCK F

The Weebigee project now covers a 35 km long gold bearing trend.  The western portion of this trend was covered by Block F of the airborne survey.  Numerous historic gold showings are documented along this trend, hosted within a distinctive sequence of rock units dominated by iron formation and quartz-rich felsic tuff.  The Block F airborne survey has revealed that a number of iron formation/sediment horizons occur within the Northwest Arm volcanic package.  Winter 2014 drilling of gold showings in the stratigraphy immediately above the southern-most iron formation/sediment horizon returned significant intersections (12.86 g/t Au over 6.85 metres, 12.45 g/t over 3.5 metres, 23.25 g/t over 3.97 metres).  Detailed follow-up of the airborne survey results will target breaks in these iron formation/sediment magnetic and conductive trends that may represent gold bearing deformation/hydrothermal events.

BLOCK B

South of the gold trend, in the Sandborn Bay area, the geological environment appears favourable for VHMS (Volcanic Hosted Massive Sulphide) deposits.  This area was covered by the Block B portion of the airborne survey.  Known showings include Cu (up to 3%), Zn (up to 4.5%), and Ag (up to 352 g/t) values associated with cherty felsic tuffs, cordierite alteration (sediments) and talc-antigorite alteration (ultramafics).  Numerous conductors and conductive trends were outlined by the Block B airborne survey, some of which are coincident to Cu-Zn-Ag bearing cherty tuff horizons.  Several new conductive trends proximal to a felsic intrusion (potential volcanic centre) have also been outlined by the airborne survey.  Government mapping shows very little outcrop exposure along these new conductive trends.

The airborne survey consisted of 1274.5 km of horizontal gradiometer and VTEM data collected over two blocks, B and F, on the western part of the Sandy Lake greenstone belt.  The heli-based survey was flown by Geotech Ltd., of Aurora, Ontario, in September 2015.  Line separation was 200 metres with a mean sensor altitude of 45 metres.  Third party consultants interpreting the data reported that the EM and magnetic configurations of the system were well suited for the geological environment at Sandy Lake and that data was of good quality.

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

About Weebigee

Weebigee is a gold and base metals project located near Sandy Lake in Northwestern Ontario.  The Project is approximately 225 km north of Red Lake, one of the world’s most prolific gold camps, and 200 km west of Goldcorp’s world-class Musselwhite mine.  The Project comprises a main block of 363 claim units (~6000 ha.) held 100% by Goldeye subject to an option agreement with GPM and an additional 1421 claim units (~22,000 ha.) recently staked by GPM, in the highly prospective and underexplored Sandy Lake greenstone belt.  Certain of the claims are subject to a 1% 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.

About GPM Metals Inc.

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

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 is a Canadian gold-focused junior exploration company engaged in the exploration and evaluation of mineral properties in Ontario, Canada.  Additional information can be found at www.goldeye.ca

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.

CONTACT INFORMATION

GPM Metals Inc.

Suite 1205 – 141 Adelaide Street West

Toronto, Ontario M5H 3L5

Att: John Patrick Sheridan, CEO

Tel: + 1 (416) 628 5904

Telefax: + 1 (416) 628 6835

Email: info@gpmmetals.ca

Goldeye Explorations Limited

Robin Luke Webster

President and CEO

Tel: +1 (905) 886 2538

Cell: +1 (416) 877 6389

Email: rwebster@goldeye.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.

 

 

GPM METALS INC. Announces Initial Exploration Results from THE WALKER GOSSAN PROJECT, Northern Territory, Australia

TORONTO, November 12, 2015 : GPM Metals Inc. (TSXV: GPM) (the “Company” or “GPM”) is pleased to announce an exploration update and initial sampling results of the Walker Gossan Project (WGP), Arnhem Land, Northern Territory, Australia.

 

The Project is a joint venture with Rio Tinto Exploration Pty. Ltd. (see January 27, 2014 press release of the Company available on SEDAR at www.sedar.com).

Title Deed, Work Program and Exploration Licence (EL) approval was recently granted by the Northern Land Council after a series of meetings and consultations with the Traditional Land Owners (TLO’s) and GPM Metals in Numbulwar and Darwin that had been progressing since February 2014.

 

The Project tenure is held by Rio Tinto Exploration Pty Ltd with GPM acting as the operator and manager of exploration, community relations and title grant under an Earn-In / Joint Venture Agreement subject to an agreement concluded in January, 2014.

 

The WGP lies within one of the great metallogenic provinces of the world, the North Australian Zinc Province (NAZP); which currently provides 30% of the world zinc production from a number of significant silver, lead, zinc deposits;   including the Mt. Isa, George Fisher, McArthur River and Century Mines.

 

To date, the Company has flown an airborne magnetics program of 50m line space over the target area as well as an IP geophysical survey, geological mapping and completed the initial ‘first pass’ reconnaissance soil sampling  of the primary area of historical interest at the southern portion on EL 24305. The target area on EL 24305 was identified in 1972 and had been held under continual exploration licence application (ELA) by Rio Tinto since that time.

 

The exploration target is a large, strata bound, sediment hosted lead – zinc deposit. Initial soil and rock sampling results have demonstrated a Pb-Zn mineralization over a 3km length at surface.

 

Soil results have defined a continuous 3km X 500m corridor of anomalous lead, including a 1400m long contour of plus 500ppm Pb with a maximum of 2800ppm. Rock chips have confirmed the soil results with values as high as 1.8% lead.

 

The initial assessment of the results of the IP survey confirm elevated chargeability associated with the targeted mineralized zone. These results are currently being interpreted, compiled and integrated into the Company data base to design a drilling program for 2016.

 

Patrick Sheridan, CEO of GPM Metals Inc. states that “These initial results confirm our belief the WGP may possibly represent a district target of major significance.”

 

 

Sampling Details.

A systematic soil sampling programme was undertaken on E-W lines.  The soil sampling programme comprised 767 soil samples which included broad spaced soil sampling as well as targeted close spaced sampling.  Rock chip sampling was conducted in conjunction with close spaced soils and on select samples. A total of 64 rock chip samples were taken.

The highest soil  assay result is 2800ppm Pb .The results have been contoured at 50, 100 and 500 ppm Pb as shown in Figure 2..

The samples comprised ~ 200g of minus 2mm sieved B horizon soils which were submitted to ALS Laboratories for multi element analysis by Method ME-ICP41. This involved an aqua regia digest with analysis by inductively coupled plasma – atomic emission spectroscopy.

Rock chip samples (64) were submitted to ALS Laboratories for multi element analysis by ME-ICP61 which involves a four acid digest with analysis by inductively coupled plasma – atomic emission spectroscopy.

The highest lead assay was 1.8% Pb in sample 72851. Four other samples assayed above 1% Pb.  Of the 44 samples 18 assayed above 0.5% Pb.  These are displayed in Fig. 3.

The tabulated assay data and maps will be posted on the GPM Metals web sitehttp://gpmmetals.ca/australia/

 

 

ABOUT GPM METALS INC.

GPM Metals Inc. focuses on acquiring and exploring district scale exploration properties. The Company is currently conducting exploration programs on 3 district scale projects in stable jurisdictions.

 

Walker Gossan Project, Northern Territory, Australia – Pb-Zn-Ag

 

Sandy Lake Project, Ontario, Canada – Gold

 

Pasco Project, Pasco Province, Peru – Pb-Zn-Ag

 

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

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: info@gpmmetals.ca, 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: info@gpmmetals.ca

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: info@gpmmetals.ca

 

Goldeye Explorations Limited

Blaine Webster, P. Geo. CEO

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

bwebster@goldeye.ca

Robin Luke Webster, President

rwebster@goldeye.ca

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: 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.

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: info@gpmmetals.ca

 

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: info@gpmmetals.ca

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: info@gpmmetals.ca

 

Goldeye Explorations Limited

 

Blaine Webster, P. Geo.

Chief Executive Officer

Tel: + 1 (905) 886 2538

Cell: + 1 (416) 315 9708

Email: bwebster@goldeye.ca

 

 

 

Robin Luke Webster

President

Tel: + 1 (905) 886 2538

Cell: +1 (416) 877 6389

Email: rwebster@goldeye.ca

 

 

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.