GPM.V · 2018-02-23 12:00:00

DISSEMINATION IN THE U.S. GPM Metals Inc. Announces Closing of Private Placement to Raise $500,000

Financings

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NOT FOR DISTRIBUTION TO U.S. NEWS WIRE SERVICES OR FOR

DISSEMINATION IN THE U.S.

GPM Metals Inc. Announces Closing of Private Placement

to Raise $500,000

FOR IMMEDIATE RELEASE

February 23, 2018 (Toronto, Ontario): GPM Metals Inc. ("GPM" or the "Company") (TSXV:GPM)

is pleased to announce that it has closed its previously announced non-brokered private

placement (the “ Offering”), pursuant to which it has issued an aggregate of 10,000,000 units

(“Units”) at a price of $0.05 per Unit to raise aggregate gross proceeds of $500,000. Each Unit

consists of one common share of the Company (a “Share”) and one share purchase warrant (a

“Warrant”), with each such Warrant exercisable to acquire one additional Share at an exercise

price of $0.10 for a period of 24 months from the closing of t he Offering. Insiders purchased an

aggregate of 1,100,000 Units in the Offering.

All securities issued and issuable pursuant to the Offering are subject to a statutory hold period

expiring June 24, 2018. The Offering remains subject to the final approva l of the TSX Venture

Exchange.

For further information please contact:

Peter J. Mullens

Chief Executive Officer

(416) 628-5904

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 subst antial 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 receive all final regulatory approvals, 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.