GPM.V · 2024-07-02 12:00:00

GPM Metals Update 2024 Exploration Plan

Exploration Programs

Toronto, Ontario

(Newsfile Corp.

July 2, 2024)

GPM Metals Inc. (TSXV: GPM) (the "Company" or

"GPM")

provides an update to its Walker Gossan Project, Arnhem Land, Australia.

GPM is pleased to announce that it has finalized a planned exploration program for 2024

25 on the Walker Gossan

project. The work plan covers EL24305 and EL385. This plan is based on previous exploration activities in 2016 as

well as the Aerial Gravity Gra

diometric (AGG) survey completed in 2023 (

see attached Figures 1

). Full AGG

results can be found on GEMIS at:

https://geoscience.nt.gov.au/gemis/ntgsjspui/handle/1/92941

The AGG survey has identified a large (2km by 1km) gravity anomaly which is coincident with a surface radiometric

anomaly and anomalous thalium geochemistry (

see figure 1&5

). The follow up work program will be targeting

large sediment hosted base metal deposits.

We thank the Northern Land Council for the opportunity to present this plan to Traditional Owners at meetings

currently scheduled for 31

July in Gapuwiyak, Northern Territory.

Should the traditional owners approve the plan then, subject to weather and ground access conditions, GPM

Metals expects to mobilise in early August to commence the planned activities which it expects will likely continue

into 2025.

PROPOSED 2024

25 PROGRAM

A low impact and minimal disturbance exploration program is proposed by GPM for 2024

25. It is anticipated to

include the following activities.



Geological reconnaissance, including mapping and outcrop rock chip sampling for geochemistry and

petrology.



A ground gravity survey over the elevated density area as defined by the AGG survey in the northern portion

of EL 24305.



Soil and outcrop sampling on an approximately 4 by 5 km grid over areas of elevated density.



Diamond and/or RC drilling to test any validated gravity/geochemical anomalies.

Diamond and Reverse Circulation drill program

Areas of interest highlighted through the mapping, sampling and gravity program, would then be targeted by a

drilling campaign. Both diamond core and reverse circulation (RC) drilling similar to what was carried out on EL

24305 in 2016 is envisaged.

Mr Dan Noone will supervise and manage this exploration program.

Acquisition of Additional Exploration Ground

It is important to note that should additional gravity anomalies be found to continue outside our historical

exploration boundaries, the new agreement announced on June 20, 2024 with Rio Tinto Exploration has

substantially increased our land position to th

e north along the significant regional fault structure that appears to

be controlling the gravity anomalies. A map of GPM's new larger land position is found in

Figure 4

CONTACT INFORMATION

GPM Metals Inc.

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", "believ

e", "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 t

hat 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 inter

pretations 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 pro

perty 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 man

ner; 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 int

erest 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 f

uture 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 d

iffer 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

erations 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 i

ts management personnel, other participants in the property areas and/or certain other

risks detailed from time

time in GPM's public disclosure documents, (including, without limitation, those risks

identified in this news release and GPM's current mana

gement'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 includ

ed 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

Figure 1. 2023 AGG survey corrected with a Bouguer density of 2.67 g/cc.