Mr. Andrie Christou of Aterra reports

ATERRA INVESTMENTS SUBSCRIBES FOR ADDITIONAL COMMON SHARES OF GB MINERALS LTD.

On Nov. 27, 2014, in connection with a private placement of up to 40 million common shares of GB Minerals Ltd., Aterra Investments Ltd. entered into a subscription agreement to, subject to certain closing conditions, subscribe for 26,666,667 common shares at a price of 7.5 cents per share.

Assuming the offering is fully subscribed, the subscribed shares will represent approximately 10.5 per cent of the then-outstanding common shares.

Aterra currently owns 109,907,231 common shares of GB Minerals. Assuming the offering is fully subscribed, and assuming no other new issuances of common shares by GB Minerals at or prior to such time, upon the closing of the offering, Aterra will beneficially own an aggregate of 136,573,898 common shares, representing approximately 54.0 per cent of the then-outstanding common shares.

Aterra is acquiring the subscribed shares for investment purposes, and continues to monitor the business, prospects, financial condition and potential capital requirements of GB Minerals. Depending on its evaluation of these and other factors, Aterra may from time to time in the future increase or decrease its ownership, control or direction over the common shares or other securities of GB Minerals through market transactions, private agreements, subscriptions from treasury or otherwise.