Mr. Peter Clausi reports

GTA RESOURCES AND MINING INC. ANNOUNCES PRIVATE PLACEMENT

GTA Resources and Mining Inc. has entered into an agreement with a syndicate led by Laurentian Bank Securities Inc. including Euro Pacific Canada, Union Securities Ltd. and Casimir Capital Ltd. under which the agents will offer on a best-efforts basis a private placement of up to $4-million in common share units and flow-through shares.

Details of the offerings are as follows:

1. The agents will offer up to $1.5-million in common share units at a price of 90 cents per unit with each unit consisting of one common share and one-half of one common share purchase warrant. Each whole warrant will be exercisable into one common share at a price of $1.25 for a period of 18 months from closing of the offerings.
2. The agents will offer up to $2.5-million of flow-through common shares at a price of $1.20 per flow-through share.

GTA has granted the agents an overallotment option of $1-million, bringing potential gross proceeds of the offerings to $5-million.

GTA will pay to the agents compensation including a cash fee of 7 per cent of the gross amount raised in the offerings and will issue broker warrants in the amount of 7 per cent of the combined number of units and flow-through shares issued in the offerings. Each broker warrant may be exercised at a price of 90 cents for a period of 18 months from the date of closing of the financing transaction.

GTA will use the proceeds of the offerings to finance its exploration activities on its Northshore and Auden projects and for working capital purposes.

The offerings are anticipated to close on or before March 16, 2012.

We seek Safe Harbor.