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GPM Metals Announces Appointment of Peter Walsh as Chief Executive Officer and grant of options

Management Changes Share Capital & Compensation

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GPM Metals Announces Appointment of Peter Walsh as Chief

Executive Officer and grant of options

TORONTO, June 3, 2021 (Toronto, Ontario) GPM Metals Inc (“GPM or the Company”).

(TSXV:GPM) announces the appointment of Peter Walsh as Chief Executive Officer and

Director.

Dan Noone, Chairman of the Board, commented: “On behalf of the Board of GPM, I am very

pleased to welcome Peter as CEO and Director. Peter brings a wealth of Australian Government

and Private Sector experience that will be instrumental in helping GPM move forward with our

Walker Gossan Project. In addition, Peter will be relocating to Brisbane, to ensure our

leadership will be on the ground in Australia, closer to our industry, government and community

partners.”

Peter Walsh, Chief Executive Officer, commented: “I am very excited to join GPM at an

important crossroads in their history and look forward to working with the parties involved to

help move the Walker Gossan project forward.”

Peter Walsh has worked in senior ministerial advisory roles at both the Australian Federal and

State levels as well as in the commercial sector. In particular, Peter was instrumental in the

government consideration and delivery of major infrastructure projects including: the Melbourne

to Brisbane Inland Rail project, the Toowoomba Second Range Crossing and the Roads to

Recovery Program.

The Company also announces that it has granted to Peter Walsh the a mount of 1,300,000 options

being exercisable at a price of $0.10 per share until June 1, 2026. The options vest in accordance

with the stock option plan of the Company.

About GPM Metals Inc.

GPM Metals Inc. is a zinc focused exploration company with offices in Toronto and

Brisbane. The Company’s current holdings include the district scale Walker Gossan Project, NT,

Australia, a joint venture with Rio Tinto Exploration Pty Limited.

For further information contact:

GPM Metals Inc.

Dan Noone, Chairman

Suite 1101 – 141 Adelaide Street West,

Toronto, Ontario M5H 3L5

Telephone : + 416 628-5904

Email: [email protected]

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.