GPM Metals Announces Up to C$500,000 Non-Brokered Private Placement

NOT FOR DISTRIBUTION TO U.S. NEWS WIRE SERVICES OR FOR DISSEMINATION IN THE U.S.
October 2, 2024 (Toronto, Ontario) – GPM Metals Inc. (TSXV:GPM) (“GPM” or the “Company”) is pleased to announce a non-brokered private placement of up to 8,333,333 units of the Company (the “Units”) at a price of C$0.06 per Unit for aggregate gross proceeds of up to approximately C$500,000 (the “Offering. Each Unit will consist of one common share of the Company and one-half of one common share purchase warrant of the Company (each whole common share purchase warrant, a “Warrant”). Each Warrant will entitle the holder thereof to acquire one common share of the Company at a price of C$0.10 for a period of 24 months from the closing of the Offering.
The proceeds of the Offering will be used by the Company for exploration efforts at its Walker Gossan Project located in Australia and for general corporate purposes and working capital. The Offering is subject to the receipt of all regulatory approvals including the approval of the TSX Venture Exchange (“TSXV”). All securities issued under the Offering will be subject to a hold period expiring four months and one day from the date of issuance. The Offering is expected to close on or about October 10, 2024, or such other date as determined by the Company. No finders’ fees are expected to be payable in connection with the Offering.
Insiders of the Company are anticipated to subscribe for up to 1,000,000 Units under the Offering. The insiders’ participation in the Offering constitutes a “related party transaction” as defined under Multilateral Instrument 61-101 Protection of Minority Security Holders in Special Transactions (“MI 61-101”). Such participation is exempt from the formal valuation and minority shareholder approval requirements of MI 61-101 as neither the fair market value of the securities acquired by the insiders, nor the consideration for the securities paid by such insiders, exceed 25% of the Company’s market capitalization.
This news release does not constitute an offer to sell or a solicitation of an offer to buy any securities in the United States or any other jurisdiction. No securities may be offered or sold in the United States or in any other jurisdiction in which such offer or sale would be unlawful prior to registration under U.S. Securities Act of 1933 or an exemption therefrom or qualification under the securities laws of such other jurisdiction or an exemption therefrom.
For further information please contact:
John Tait
CEO and Director
Telephone: 416-628 5904
Email: info@gpmmetals.com

Neither TSXV nor its Regulation Services Provider (as that term is defined in the policies of the TSXV) accepts responsibility for the adequacy or accuracy of this release.
Forward-Looking Statements
Information set forth in this news release involves forward-looking statements under applicable securities laws. The forward-looking statements contained herein include, but are not limited to, the anticipated size, terms and completion of the Offering, the closing date of the Offering, the intended use of proceeds, the receipt of TSXV approval, and anticipated participation by certain insiders, and all such forward-looking statements are expressly qualified in their entirety by this cautionary statement. The forward-looking statements included in this news release are made as of the date hereof and the Company disclaims any intention or obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise, except as expressly required by applicable securities legislation. Although the Company believes that the expectations represented in such forward-looking statements are reasonable, there can be no assurance that such expectations will prove to be correct and, accordingly, undue reliance should not be put on such forward-looking statements. This news release does not constitute an offer to sell or solicitation of an offer to buy any of the securities described herein.

GPM Metals Completes Non-Brokered Private Placement

September 4, 2024 (Toronto, Ontario) – GPM Metals Inc. (TSXV:GPM) (“GPM” or the “Company“) is pleased to announce it has completed the previously announced non-brokered private placement of 41,666,668 units of the Company (the “Units“) at a price of C$0.06 per Unit for aggregate gross proceeds of approximately C$2.5 million (the “Offering“). Each Unit consists of one common share of the Company and one-half of one common share purchase warrant of the Company (each whole common share purchase warrant, a “Warrant“). Each Warrant entitles the holder thereof to acquire one common share of the Company at a price of C$0.10 until September 4, 2026.

The proceeds of the Offering will be used by the Company for exploration efforts at its Walker Gossan Project located in Australia and for general corporate purposes and working capital.

The Offering is subject to the receipt of the final approval of the TSX Venture Exchange (“TSXV“). All securities issued under the Offering are subject to a hold period expiring four months from the date hereof. No finders’ fees were payable in connection with the Offering.

Insiders of the Company subscribed for 4,360,328 Units under the Offering. The insiders’ participation in the Offering constitutes a “related party transaction” as defined under Multilateral Instrument 61-101 Protection of Minority Security Holders in Special Transactions (“MI 61-101“). Such participation is exempt from the formal valuation and minority shareholder approval requirements of MI 61-101 as neither the fair market value of the securities acquired by the insiders, nor the consideration for the securities paid by such insiders, exceed 25% of the Company’s market capitalization.

This news release does not constitute an offer to sell or a solicitation of an offer to buy any securities in the United States or any other jurisdiction. No securities may be offered or sold in the United States or in any other jurisdiction in which such offer or sale would be unlawful prior to registration under U.S. Securities Act of 1933 or an exemption therefrom or qualification under the securities laws of such other jurisdiction or an exemption therefrom.

For further information please contact:

Daniel Noone

Executive Chairman

Telephone: 416 997 7507

Email: info@gpmmetals.com

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

Forward-Looking Statements

Information set forth in this news release involves forward-looking statements under applicable securities laws. The forward-looking statements contained herein include, but are not limited to, the intended use of proceeds and the receipt of TSXV approval, and all such forward-looking statements are expressly qualified in their entirety by this cautionary statement. The forward-looking statements included in this news release are made as of the date hereof and the Company disclaims any intention or obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise, except as expressly required by applicable securities legislation. Although the Company believes that the expectations represented in such forward-looking statements are reasonable, there can be no assurance that such expectations will prove to be correct and, accordingly, undue reliance should not be put on such forward-looking statements. This news release does not constitute an offer to sell or solicitation of an offer to buy any of the securities described herein.

GPM Metals Announces Upsize to Previously Announced Non-Brokered Private Placement to Up to C$2.5M

NOT FOR DISTRIBUTION TO U.S. NEWS WIRE SERVICES OR FOR DISSEMINATION
IN THE U.S.
GPM Metals Announces Upsize to Previously Announced Non-Brokered
Private Placement to Up to C$2.5M
August 19, 2024 (Toronto, Ontario) – GPM Metals Inc. (TSXV:GPM) (“GPM” or the
“Company”) is pleased to announce an upsize to its previously announced non-brokered private
placement to up to 41,666,668 units of the Company (the “Units”) at a price of C$0.06 per Unit
for aggregate gross proceeds of up to approximately C$2,500,000 (the “Upsized Offering”). Each
Unit will consist of one common share of the Company and one-half of one common share
purchase warrant of the Company (each whole common share purchase warrant, a “Warrant”).
Each Warrant will entitle the holder thereof to acquire one common share of the Company at a
price of C$0.10 for a period of 24 months from the closing of the Upsized Offering.
The proceeds of the Upsized Offering will be used by the Company for exploration efforts at its
Walker Gossan Project located in Australia and for general corporate purposes and working
capital.
The Upsized Offering is subject to the receipt of all regulatory approvals including the approval
of the TSX Venture Exchange (“TSXV”). All securities issued under the Upsized Offering will be
subject to a hold period expiring four months and one day from the date of issuance. The Upsized
Offering is expected to close on or about August 30, 2024, or such other date as determined by the
Company. No finders’ fees are expected to be payable in connection with the Upsized Offering.
Insiders of the Company are expected to subscribe for up to 11,666,667 Units under the Offering.
The insiders’ participation in the Offering constitutes a “related party transaction” as defined under
Multilateral Instrument 61-101 Protection of Minority Security Holders in Special Transactions
(“MI 61-101”). Such participation is exempt from the formal valuation and minority shareholder
approval requirements of MI 61-101 as neither the fair market value of the securities acquired by
the insiders, nor the consideration for the securities paid by such insiders, exceed 25% of the
Company’s market capitalization.
This news release does not constitute an offer to sell or a solicitation of an offer to buy any
securities in the United States or any other jurisdiction. No securities may be offered or sold in the
United States or in any other jurisdiction in which such offer or sale would be unlawful prior to
registration under U.S. Securities Act of 1933 or an exemption therefrom or qualification under
the securities laws of such other jurisdiction or an exemption therefrom.
For further information please contact:
Daniel Noone
Executive Chairman
Telephone: 416 997 7507
Email: info@gpmmetals.com
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the
TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
Forward-Looking Statements
Information set forth in this news release involves forward-looking statements under applicable securities laws. The
forward-looking statements contained herein include, but are not limited to, the anticipated size, terms and completion
of the Upsized Offering, the closing date of the Upsized Offering, the intended use of proceeds and the receipt of TSXV
approval, and all such forward-looking statements are expressly qualified in their entirety by this cautionary
statement. The forward-looking statements included in this news release are made as of the date hereof and the
Company disclaims any intention or obligation to update or revise any forward-looking statements, whether as a
result of new information, future events or otherwise, except as expressly required by applicable securities legislation.
Although the Company believes that the expectations represented in such forward-looking statements are reasonable,
there can be no assurance that such expectations will prove to be correct and, accordingly, undue reliance should not
be put on such forward-looking statements. This news release does not constitute an offer to sell or solicitation of an
offer to buy any of the securities described herein.

GPM Metals Announces Up to C$2.2M Non-Brokered Private Placement

NOT FOR DISTRIBUTION TO U.S. NEWS WIRE SERVICES OR FOR DISSEMINATION IN THE U.S.

GPM Metals Announces Up to C$2.2M Non-Brokered Private Placement
August 19, 2024 (Toronto, Ontario) – GPM Metals Inc. (TSXV:GPM) (“GPM” or the “Company”) is pleased to announce a non-brokered private placement of up to 36,666,667 units of the Company (the “Units”) at a price of C$0.06 per Unit for aggregate gross proceeds of up to approximately C$2,200,000 (the “Offering”). Each Unit will consist of one common share of the Company and one-half of one common share purchase warrant of the Company (each whole common share purchase warrant, a “Warrant”). Each Warrant will entitle the holder thereof to acquire one common share of the Company at a price of C$0.10 for a period of 24 months from the closing of the Offering.
The proceeds of the Offering will be used by the Company for exploration efforts at its Walker Gossan Project located in Australia and for general corporate purposes and working capital.
The Offering is subject to the receipt of all regulatory approvals including the approval of the TSX Venture Exchange (“TSXV”). All securities issued under the Offering will be subject to a hold period expiring four months and one day from the date of issuance. The Offering is expected to close on or about August 30, 2024, or such other date as determined by the Company. No finders’ fees are expected to be payable in connection with the Offering.
This news release does not constitute an offer to sell or a solicitation of an offer to buy any securities in the United States or any other jurisdiction. No securities may be offered or sold in the United States or in any other jurisdiction in which such offer or sale would be unlawful prior to registration under U.S. Securities Act of 1933 or an exemption therefrom or qualification under the securities laws of such other jurisdiction or an exemption therefrom.
For further information please contact:
Daniel Noone
Executive Chairman
Telephone: 416 997 7507
Email: info@gpmmetals.com
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
Forward-Looking Statements
Information set forth in this news release involves forward-looking statements under applicable securities laws. The forward-looking statements contained herein include, but are not limited to, the anticipated size, terms and completion
of the Offering, the closing date of the Offering, the intended use of proceeds and the receipt of TSXV approval, and all such forward-looking statements are expressly qualified in their entirety by this cautionary statement. The forward-looking statements included in this news release are made as of the date hereof and the Company disclaims any intention or obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise, except as expressly required by applicable securities legislation. Although the Company believes that the expectations represented in such forward-looking statements are reasonable, there can be no assurance that such expectations will prove to be correct and, accordingly, undue reliance should not be put on such forward-looking statements. This news release does not constitute an offer to sell or solicitation of an offer to buy any of the securities described herein.

GPM Metals Now Cleared to Drill Zinc Targets at the Walker Gossan Project on Trend With Mt Isa and McArthur River within the Carpentaria Zinc Belt, The World’s Largest Zn-Pb Province

Monday, 12th August 2024 (Toronto, Ontario) GPM Metals Inc. (“GPM” or the “Company“) (TSXV:GPM) last week presented the 2024/2025 exploration work program to Traditional Landowners at a meeting convened by the Northern Land Council. We are pleased to announce that the Traditional Owners have approved this program which includes on ground works and a diamond drilling program of up to 30 holes. We thank the Northern Land Council for facilitating this meeting and the Traditional Owners for their time and consideration.

The drill program is designed to test several large, coincident, gravity, radiometric and geochemical anomalies, which are indicative of the giant polymetallic gossan systems located on the Eastern Australian Cratonic Edge such as MacArthur River, Century and Mount Isa.

GPM will mobilize its geology team in the coming weeks to establish a work camp and begin a range of on ground geology work to finalize the drill targets. The Company plans to commence a drilling campaign in early September 2024. We are looking forward to working with the Traditional Owners on this program.

It is important to note that the agreement we have achieved with the Traditional Owners today not only grants us the rights to explore but also the rights to develop a full mining operation.

GPM has also recently completed a Sale and Purchase agreement with Rio Tinto Exploration (“RTX”). The Sale and Purchase agreement preserves the farm in rights of RTX but gives GPM absolute integrity over these prospective tenements and the surrounding tenement areas.

Daniel Noone, Chairman, commented “After 10 years of hard work moving the Walker Gossan Project forward, with our partner Rio Tinto, we are extremely excited to drill these large gravity anomalies with the support of the Traditional Land Owners”.

For further information please contact

Information

GPM Metals Inc.

Suite 1101- 141 Adelaide Street West,

Toronto, Ontario M5H 3L5

Telephone: + 416 997 7507

Email: info@gpmmetals.com

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

 

Forward-Looking Statements

Information set forth in this news release involves forward-looking statements under applicable securities laws. The forward-looking statements contained herein include, but are not limited to, the anticipated size and completion the Offering and the receipt of applicable regulatory approvals, and all such forward-looking statements are expressly qualified in their entirety by this cautionary statement. The forward-looking statements included in this news release are made as of the date hereof and the Company disclaims any intention or obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise, except as expressly required by applicable securities legislation. Although the Company believes that the expectations represented in such forward-looking statements are reasonable, there can be no assurance that such expectations will prove to be correct and, accordingly, undue reliance should not be put on such forward-looking statements.  This news release does not constitute an offer to sell or solicitation of an offer to buy any of the securities described herein.

2024 Walker Gossan Exploration Plan

GPM Metals Update 2024 Exploration Plan
Toronto, Ontario–(Newsfile Corp. – July 2, 2024) – GPM Metals Inc. (TSXV: GPM) (the “Company” or
“GPM”) provides an update to its Walker Gossan Project, Arnhem Land, Australia.
GPM is pleased to announce that it has finalized a planned exploration program for 2024-25 on the Walker Gossan
project. The work plan covers EL24305 and EL385. This plan is based on previous exploration activities in 2016 as
well as the Aerial Gravity Gradiometric (AGG) survey completed in 2023 (see attached Figures 1 -3). Full AGG
results can be found on GEMIS at: https://geoscience.nt.gov.au/gemis/ntgsjspui/handle/1/92941
The AGG survey has identified a large (2km by 1km) gravity anomaly which is coincident with a surface radiometric
anomaly and anomalous thalium geochemistry (see figure 1&5). The follow up work program will be targeting
large sediment hosted base metal deposits.
We thank the Northern Land Council for the opportunity to present this plan to Traditional Owners at meetings
currently scheduled for 31st July in Gapuwiyak, Northern Territory.
Should the traditional owners approve the plan then, subject to weather and ground access conditions, GPM
Metals expects to mobilise in early August to commence the planned activities which it expects will likely continue
into 2025.
PROPOSED 2024-25 PROGRAM
A low impact and minimal disturbance exploration program is proposed by GPM for 2024-25. It is anticipated to
include the following activities.
 Geological reconnaissance, including mapping and outcrop rock chip sampling for geochemistry and
petrology.
 A ground gravity survey over the elevated density area as defined by the AGG survey in the northern portion
of EL 24305.
 Soil and outcrop sampling on an approximately 4 by 5 km grid over areas of elevated density.
 Diamond and/or RC drilling to test any validated gravity/geochemical anomalies.
Diamond and Reverse Circulation drill program
Areas of interest highlighted through the mapping, sampling and gravity program, would then be targeted by a
drilling campaign. Both diamond core and reverse circulation (RC) drilling similar to what was carried out on EL
24305 in 2016 is envisaged.
Mr Dan Noone will supervise and manage this exploration program.
Acquisition of Additional Exploration Ground
It is important to note that should additional gravity anomalies be found to continue outside our historical
exploration boundaries, the new agreement announced on June 20, 2024 with Rio Tinto Exploration has
substantially increased our land position to the north along the significant regional fault structure that appears to
be controlling the gravity anomalies. A map of GPM’s new larger land position is found in Figure 4.
CONTACT INFORMATION
GPM Metals Inc.
Suite 1101 – 141 Adelaide Street West,
Toronto, Ontario M5H 3L5

Option Grant on June 26, 2024

GPM Metals Inc. Announces Grant of Options
Toronto, Ontario–(Newsfile Corp. – June 26, 2024) – GPM Metals Inc. (TSXV:GPM) (“GPM” or the
“Company”) announces that it has granted 1,300,000 options to an officer of the Company, with such
options being exercisable at a price of $0.10 per share until June 26, 2027.
The options vest as to 25% immediately and 25% after 6, 12 and 18 months respectively from the date
of grant.
The grant of options is subject to the approval and requirements of the TSX Venture Exchange.
For further information contact:
GPM Metals Inc.
Peter Walsh, CEO
Suite 1101- 141 Adelaide Street West,
Toronto, Ontario M5H 3L5
Telephone : (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.
To view the source version of this press release, please visit
https://www.newsfilecorp.com/release/214447

Update and Correct Walker Gossan Project On June 21, 2024

GPM Metals Inc. Issues Correction
Toronto, Ontario–(Newsfile Corp. – June 21, 2024) – GPM Metals Inc. (TSXV:GPM) (“GPM” or the
“Company”) wishes to correct the disclosure in its previous press release dated July 20, 2024 (the
“Prior Release”) with respect to its recently concluded a Sale and Purchase Agreement with RTX that
will replace the current Farm-in Agreement.
The Prior Release contained an error with respect to a payment contingent upon the earlier of (i) the
definition of a JORC Code compliant measured plus indicated Mineral Resource of greater than 20
million tons at greater than eight percent (8%) combined lead and zinc at the project, and (ii) a decision
to mine being made in relation to the project.
The correct statement in relation to the contingent payment is;
RTX would also retain a right to be paid a further contingent amount equivalent to the future value of
1,000 tonnes of zinc and lead metal upon the earlier of (i) the definition of a JORC Code compliant
measured plus indicated Mineral Resource of greater than 20 million tons at greater than eight percent
(8%) combined lead and zinc at the project, and (ii) a decision to mine being made in relation to the
project. This agreement is subject to approval from both the Northern Territory mining authority as well as
the Northern Land Council. Both authorities have been informed and they have initiated internal
processes to consider the approval of this agreement.
Pursuant to the Sale and Purchase Agreement, the existing granted exploration licences (ELs 385 and
24305) and exploration licence applications (ELAs 844, 5561, 30956, 30957) under the Farm-in
Agreement will be transferred from RTX to DPG Resources Australia Pty Ltd (“DPG”) (GPM’s Australian
subsidiary). In addition, two other exploration licence applications over adjacent ground in the
Proterozoic McArthur Basin held by RTX (ELAs 843 and 26861) and considered prospective for base
metal mineralization will also be transferred by RTX to DPG.
This agreement will provide a simpler structure for progressing access approvals, grant of the
exploration licence applications and exploration activities at the project.
GPM is grateful to RTX for their support and assistance throughout this process and we look forward to a
productive ongoing relationship.
GPM is continuing to progress exploration program plans for the existing granted tenements EL385 and
EL24305, focused on generating and testing sediment hosted zinc-lead-silver mineralization targets.
CONTACT INFORMATION
For further information contact:
GPM Metals Inc.
Suite 1101 – 141 Adelaide Street West,
Toronto, Ontario M5H 3L5
Telephone : + 416 628-5904
Email: info@gpmmetals.com
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

Update Walker Gossan Project on June 20, 2024

GPM Metals Update on Walker Gossan Project
Toronto, Ontario–(Newsfile Corp. – June 20, 2024) – GPM Metals Inc. (TSXV: GPM) (the “Company”
or “GPM”) provides an update in relation to its Walker Gossan Project, Arnhem Land, Australia, in
which GPM has been earning a majority interest pursuant to a Farm-in Agreement with Rio Tinto
Exploration Pty Limited (“RTX”).
GPM is pleased to announce that it has recently concluded a Sale and Purchase Agreement with RTX
that will replace the current Farm-in Agreement.
Pursuant to the Sale and Purchase Agreement, the existing granted exploration licences (ELs 385 and
24305) and exploration licence applications (ELAs 844, 5561, 30956, 30957) under the Farm-in
Agreement will be transferred from RTX to DPG Resources Australia Pty Ltd (“DPG”) (GPM’s Australian
subsidiary). In addition, two other exploration licence applications over adjacent ground in the
Proterozoic McArthur Basin held by RTX (ELAs 843 and 26861) and considered prospective for base
metal mineralization will also be transferred by RTX to DPG. (See attached tenement map).
Following the transfer, RTX will retain certain rights in regard to being re-issued a contributing minority
joint venture interest in the project if and when GPM achieves certain milestones. Similar to the
milestones under the existing Farm-in Agreement, RTX would have an initial option to be issued a 49%
interest (with DPG retaining 51%) after cumulative expenditure by DPG of A$20 million on the project
(since commencement of the initial farm-in) and if this is not exercised, a second option to be issued a
25% interest upon completion of a feasibility study on the project.
RTX would also retain a right to be paid A$4,000,000 upon the earlier of (i) the definition of a JORC
Code compliant measured plus indicated Mineral Resource of greater than 20 million tons at greater
than eight percent (8%) combined lead and zinc at the project, and (ii) a decision to mine being made in
relation to the project. This agreement is subject to approval from both the Northern Territory mining
authority as well as the Northern Land Council. Both authorities have been informed and they have
initiated internal processes to consider the approval of this agreement.
This agreement will provide a simpler structure for progressing access approvals, grant of the
exploration licence applications and exploration activities at the project.
GPM is grateful to RTX for their support and assistance throughout this process and we look forward to a
productive ongoing relationship.
GPM is continuing to progress exploration program plans for the existing granted tenements EL385 and
EL24305, focused on generating and testing sediment hosted zinc-lead-silver mineralization targets.
CONTACT INFORMATION
For further information contact:
GPM Metals Inc.
Suite 1101 – 141 Adelaide Street West,
Toronto, Ontario M5H 3L5
Telephone : + 416 628-5904
Email: info@gpmmetals.com

GPM METALS PROVIDES AN UPDATE OF THE WALKER GOSSAN PROJECT

Toronto – March 6, 2023 – GPM Metals Inc. (TSXV:GPM) (the “Company” or “GPM”)  provides an update to its Walker Gossan Project, Northern Territory, Australia.

GPM Metals is pleased to announce that the Northern Land Council (NLC) has scheduled a Final Consultation community meeting in the week commencing 14th August 2023 in Arnhem Land, Northern Territory, Australia.

This Final Consultation meeting will include the local Traditional Landowners (TLO’s), GPM Metals’ management and the representatives of the Northern Land Council. 

The meeting will determine the outcome of an Exploration License Application (ELA) made in 2021 by GPM Metals for the tenement ELA 30956.  ELA30956 is the tenement that lies immediately west of GPM’s previous drilling exploration conducted on the Walker Gossan in 2016.

GPM made the exploration license application for EL 30956 in 2021, following a release from a 5-year moratorium. An initial consultation meeting with TLO´s was facilitated by the NLC in September 2021. At this meeting a consent to negotiate was successfully obtained. 

COVID related lockdowns have resulted in a lengthy gestation between the initial and final consultation meetings.  

GPM now has a final meeting date locked in. We are also encouraged that the NLC has offered to expedite work program meetings for all our tenements directly following the Final Consultation meeting. This would include work program meetings for any TLO granted access to EL 30956 as well as on existing tenements EL385 and EL 24305.

This signifies that GPM will finalise both access to EL30956 as well as obtain approval of the 2024 exploration programs designed to cover all granted tenement areas during the week commencing 14th August.

  About The Walker Gossan Project.

The Project is the subject of farm-in and joint venture agreement between GPM (and its Australian subsidiary) and Rio Tinto Exploration Pty Limited(“RTX”) executed in January 2014, pursuant to which GPM can earn a 75% interest in the Project through meeting staged exploration expenditure requirements. The Project tenure is held by RTX with GPM acting as the operator and manager of exploration, community relations and title grant (see January 27, 2014 press release of the Company available on SEDAR at www.sedar.com).

Title Deed, Work Program and Exploration License (EL 24305) approval was granted in November 2015 by the NLC after a series of meetings and consultations with the TLO’s and GPM Metals in Numbulwar and Darwin.

The Project 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.

The exploration target is a large, strata bound, sediment hosted lead – zinc deposit. Field work planned for 2019 will consist of geological mapping, geochemical sampling and prospecting with the view of identifying vectors towards the center of the mineralized system. To date GPM geologists believe they previously identified and drilled into the iron rich, siderite, outer halo to potentially a major mineralized stratabound Lead Zinc deposit.

  About GPM Metals Inc.

GPM Metals is a zinc focused exploration company with offices in Toronto, Brisbane and Lima.

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 100% Claims interest in the Pasco Project, Department of Pasco, Peru.

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

All scientific and technical information in this press release has been prepared under the supervision of Dan Noone, (Chairman 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.

CONTACT INFORMATION

For further information contact:
GPM Metals Inc.
Michael Murphy
Suite 1101 – 141 Adelaide Street West,
Toronto, Ontario M5H 3L5
Telephone : + 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 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