Mr. Ian Klassen reports

GMV MINERALS INC. COMPLETES FIRST THREE HOLES IN EXPANSION DRILLING PROGRAM

GMV Minerals Inc. has completed three diamond drill holes at its Mexican Hat gold project, located in Cochise county, Arizona. These drill holes were designed to test extensions of known gold zones as well as areas where new zones were suspected to occur. All drill holes intersected multiple fractured and hematite-altered volcanic rocks, similar in character to the known mineralization. Limonite is reported to occur in some of the zones.

Drill hole                                                        Location                      Zones intersected

MHC 17-6                                           75 m west of MH deposit        N, AN, H2, plus three new zones
MHC 17-7                   50 m deeper of nearest holes on west side of MH        N, AN, H2, plus three new zones
MHC 17-8    90 m north and 70 m deeper of nearest holes on east side of MH     N, AN, A, AB, plus three new zones

Intersections range from two metres to greater than 40 metres in core length which represents true widths of 90 per cent to 100 per cent. Assays are now pending for all three drill holes. It is unknown at this time if the three new zones intersected in the three drill holes correlate to each other or not. However, each of the three new zones in each drill hole are north of the N zone and not included in the current resource. All drill holes terminated in finely grained sedimentary rocks interpreted as correlative to the Cretaceous-aged Bisbee group which is shown to be dipping shallowly to the east.

The drilling is being conducted in an effort to find the outer limits to the north and west of the known gold resource which is being modelled as a low-cost, open-pit heap leach type of deposit. This model is highly successful in many deposits around the world as is evidenced by a chart on the company's website.

For ease of reference, the company has plotted the Mexican Hat's average recovered grade (average head grade of 0.70 gram per tonne gold by indicated recovery of 92 per cent representing 0.64 g/t recovered gold) for comparison purposes against 31 other such planned or operating mines known today (Joe Mazumdar, 2015). The Mexican Hat deposit ranks seventh in terms of recovered grade in the comparative chart which, in addition, exceeds 15 of the 17 operating mines considered by the author of this report. Six of the seven deposits in the table on the company's website with grades exceeding Mexican Hat were developed by companies that were subsequently taken over by producers that wanted to own those deposits.

Ian Klassen, the company's president, said: "These drill holes provide critical information in defining the Mexican Hat resource. We have extended mineralization to the west and to depth in the west and in the east. More importantly, we have confirmed that additional zones occur to the north into areas that have not previously seen significant exploration. The company has collected geotechnical information on these holes that will allow for certain engineering work to now be completed that will be incorporated in future economic studies. Reverse circulation drilling is scheduled to begin next month and is planned to test targets and extensions to the south and east of the established resource, also with a focus on resource expansion."

Assays are expected to take four to five weeks from shipping of the logged and sampled core and will be released as soon as possible.

Dr. D.R. Webb, PhD, PGeo, PEng, is the qualified person for this release within the meaning of National Instrument 43-101 and has reviewed the technical content of this release and has approved its content.

About GMV Minerals Inc.

GMV Minerals is a publicly traded exploration company focused on developing precious metal assets in Arizona. GMV, through its 100-per-cent-owned subsidiary, has a 100-per-cent interest in a mining property lease commonly referred to as the Mexican Hat project, located in Cochise county, Arizona, United States. The Mexican Hat property contains an inferred mineral resource of 23,452,000 tonnes grading 0.70 gram of gold per tonne hosting 531,400 troy ounces of gold. The project was initially explored by Placer Dome (USA) in the late 1980s to early 1990s.

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