TORONTO, ON--(Marketwired - August 10, 2016) - GPM Metals Inc.
(TSX VENTURE: GPM) (the "Company" or "GPM") is pleased to announce the
commencement of a 5,000 metre drilling program at the Walker Gossan Project (WGP), Arnhem Land, Northern Territory, Australia.
The program consists of approximately 20 boreholes, utilizing both diamond drill and reverse circulation (RC) drilling.
The Project is a joint venture with Rio Tinto Exploration Pty. Ltd. (see January 27, 2015 press release of the Company).
GPM is the operator of the project and has a right to earn in 51% of the project during Stage 1 of Joint Venture Agreement
("Agreement"), subject to certain conditions as outlined in the terms of the Agreement (see January 27, 2015 press release of the
Company available on SEDAR at www.sedar.com).
The exploration target is a large, strata bound, sediment hosted silver-zinc-lead deposit. Initial soil and rock sampling
conducted in 2015 has outlined a continuous 3 km X 500 m zone of anomalous zinc and lead.
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 Pasco Project, Department of Pasco, Peru.
Both projects are advanced exploration properties with drill ready targets and have considerable potential to host significant
zinc resources.
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.
Forward-Looking Statements
This news release contains certain forward-looking information and statements within the meaning of applicable securities
laws. The use of any of the words "expect", "anticipate", "continue", "estimate", "may", "might", "will", "project", "should",
"believe", "plans", "intends" and similar expressions are intended to identify forward-looking information and/or statements.
Forward-looking statements and/or information are based on a number of material factors, expectations and/or assumptions of GPM
which have been used to develop such statements and/or information but which may prove to be incorrect. Although GPM believes
that the expectations reflected in such forward-looking statements and/or information are reasonable, undue reliance should not
be placed on forward-looking statements as GPM can give no assurance that such expectations will prove to be correct. In addition
to other factors and assumptions which may be identified herein, assumptions have been made regarding, among other things:
results from planned exploration and drilling activities; GPM's future plans for operational expenditures; the accuracy of the
interpretations of exploration and drilling activity results; availability of financing to fund current and future plans and
expenditures; the impact of increasing competition; the general stability of the economic and political environment in which GPM
has property interests; the general continuance of current industry conditions; aboriginal matters; the timely receipt of any
required regulatory approvals; the ability of GPM to obtain qualified staff, equipment and/or services in a timely and cost
efficient manner; the ability of the operator of each project in which GPM has property interests to operate in a safe, efficient
and/or effective manner and to fulfill its respective obligations and current plans; future commodity prices; currency, exchange
and/or interest rates; and the regulatory framework regarding royalties, taxes and/or environmental matters in the jurisdictions
in which GPM has property interests. The forward-looking information and statements included in this news release are not
guarantees of future performance and should not be unduly relied upon. Such information and/or statements, including the
assumptions made in respect thereof, involve known and unknown risks, uncertainties and other factors that may cause actual
results and/or events to differ materially from those anticipated in such forward-looking information and/or statements
including, without limitation: risks associated with the uncertainty of exploration results and estimates, currency fluctuations,
the uncertainty of conducting operations under a foreign regime, exploration risk, the uncertainty of obtaining all applicable
regulatory approvals, the availability of labour and/or equipment, the fluctuating prices of commodities, the availability of
financing and GPM's dependence on its management personnel, other participants in the property areas and/or certain other risks
detailed from time-to-time in GPM's public disclosure documents, (including, without limitation, those risks identified in this
news release and GPM's current management's discussion and analysis). Furthermore, the forward-looking statements contained in
this news release are made as at the date of this news release and the Company does not undertake any obligations to publicly
update and/or revise any of the included forward-looking statements, whether as a result of additional information, future events
and/or otherwise, except as may be required by applicable securities laws.
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX
Venture Exchange) accepts responsibility for the adequacy and / or accuracy of this release
© 2016