GPM Metals Completes Non-Brokered Private Placement

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IN THE U.S.

GPM Metals Completes Non-Brokered Private Placement

September 5, 2024 (Toronto, Ontario) - GPM Metals Inc. (TSXV:GPM) (" GPM" or the

"Company") is pleased to announce that on September 4, 2024, it closed the previously announced

non-brokered private placement of 41,666,668 units of the Company (the " Units") at a price of

C$0.06 per Unit for aggregate gross proceeds of approximately C$2.5 million (the " Offering").

Each Unit consists of one common share of the Company and one-half of one common share

purchase warrant of the Company (each whole common share purchase warrant, a " Warrant").

Each Warrant entitles the holder thereof to acquire one common share of the Company at a price

of C$0.10 until September 4, 2026.

The proceeds of the Offering will be used by the Company for exploration efforts at its Walker

Gossan Project located in Australia and for general corporate purposes and working capital.

The Offering is subject to the receipt of the final approval of the TSX Venture Exchange

("TSXV"). All securities issued under the Offering are subject to a hold period expiring four

months from the date hereof. No finders’ fees were payable in connection with the Offering.

Insiders of the Company subscribed for 4,360,328 Units under the Offering. The insiders’

participation in the Offering constitutes a "related party transaction" as defined under Multilateral

Instrument 61-101 Protection of Minority Security Holders in Special Transactions (" MI 61-

101"). Such participation is exempt from the formal valuation and minority shareholder approval

requirements of MI 61-101 as neither the fair market value of the securities acquired by the

insiders, nor the consideration for the securities paid by such insiders, exceed 25% of the

Company's market capitalization.

This news release does not constitute an offer to sell or a solicitation of an offer to buy any

securities in the United States or any other jurisdiction. No securities may be offered or sold in the

United States or in any other jurisdiction in which such offer or sale would be unlawful prior to

registration under U.S. Securities Act of 1933 or an exemption therefrom or qualification under

the securities laws of such other jurisdiction or an exemption therefrom.

For further information please contact:

Daniel Noone

Executive Chairman

Telephone: 416 997 7507

Email: [email protected]

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 intended use of proceeds and the

receipt of TSXV approval, 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.