GPM.V · 2019-07-29 12:00:00

GPM Metals Announces Private Placement Increase

Financings

TORONTO, July 29, 2019 -- 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 financing from up to $525,000 to up to

$600,000. The Company will now issue up to 8,000,000 units of the Company (“ Units”) at a price of $0.075 per Unit for

aggregate gross proceeds of up to $600,000.

Each Unit shall consist 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 36 months from the

closing of the Offering. Insiders of the Company may subscribe for up to 5,100,000 Units in the Offering.

The Offering is currently scheduled to close on or about August 9, 2019. Proceeds of the Offering will be used for exploration

expenditures at the Company’s properties, and general corporate purposes. The securities issued pursuant to the Offering will

be subject to a statutory four month and one day hold period. The Offering is subject to certain conditions including, but not

limited to, the receipt of all necessary approvals, including the approval of the TSX Venture Exchange.

For further information please contact:

Peter Mullens, CEO

GPM Metals Inc.

Suite 1101- 141 Adelaide Street West,

Toronto, Ontario M5H 3L5

Telephone: + 416 628 5904

Neither 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 or accuracy of this release.

Forward-Looking Statements

Information set forth in this news release involves forward-looking statements under applicable securities laws. The forward-

looking statements contained herein include, but are not limited to, the anticipated size and completion the Offering and the

receipt of applicable regulatory approvals, and all such forward-looking statements are expressly qualified in their entirety by

this cautionary statement. The forward-looking statements included in this news release are made as of the date hereof and

the Company disclaims any intention or obligation to update or revise any forward-looking statements, whether as a result of

new information, future events or otherwise, except as expressly required by applicable securities legislation. Although the

Company believes that the expectations represented in such forward-looking statements are reasonable, there can be no

assurance that such expectations will prove to be correct and, accordingly, undue reliance should not be put on such forward-

looking statements. This news release does not constitute an offer to sell or solicitation of an offer to buy any of the

securities described herein.