TORONTO, ON–(Marketwired – April 28, 2016) –

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

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

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

Forward Looking Statements — Certain information set forth in this news release may contain forward-looking statements that involve substantial known and unknown risks and uncertainties. These forward-looking statements are subject to numerous risks and uncertainties, certain of which are beyond the control of GPM, including, but not limited to the failure to complete the Proposed Sale and/or distribution of the Consideration Shares as currently proposed or at all, and dependence upon shareholder and regulatory approvals. Readers are cautioned that the assumptions used in the preparation of such information, although considered reasonable at the time of preparation, may prove to be imprecise and, as such, undue reliance should not be placed on forward-looking statements.