GPM Metals Inc. Announces Increased Private Placement

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

For further information please contact:

John Patrick Sheridan
Chief Executive Officer
(416) 628-5904 ext4002

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

Forward Looking Statements – Certain information set forth in this news release may contain forward-looking statements that involve substantial known and unknown risks and uncertainties. These forward-looking statements are subject to numerous risks and uncertainties, certain of which are beyond the control of GPM, including, but not limited to the failure to complete the Offering as currently proposed or at all, the impact of general economic conditions, industry conditions, volatility of commodity prices, currency fluctuations, dependence upon regulatory approvals, changes in the proposed use of proceeds of the Offering and exploration risk. Readers are cautioned that the assumptions used in the preparation of such information, although considered reasonable at the time of preparation, may prove to be imprecise and, as such, undue reliance should not be placed on forward-looking statements.