Mr. Felipe Tan reports

GOBIMIN INC. ANNOUNCES PROPOSED LISTING OF SILVER OPERATION IN HONG KONG

Gobimin Inc.'s 48.02-per-cent-owned associate, China Precision Material Ltd., has kicked off its plan to apply for listing on the Growth Enterprise Market of the Stock Exchange of Hong Kong Ltd. by way of placing. CPM is principally engaged in metal trading, predominately silver, and operates a small processing workshop.

In order to have the silver operation listed publicly, the capital structure of CPM will be reorganized. All the shares held by the existing shareholders of CPM will be swapped for the shares in a newly incorporated Hong Kong company (New HK Listco).

As at March 31, 2014, an amount of approximately $5.6-million (U.S.) is due to Gobimin Silver Ltd. by CPM. In order to partially settle such loan, New HK Listco will issue shares to Gobimin Silver credited as fully paid up by capitalization of a loan amount of approximately $3.57-million (U.S.). The remaining loan balance will be settled by cash upon listing.

Concurrently with its listing, New HK Listco will complete an offering of 120 million shares.

Therefore, the market capitalization of New HK Listco upon listing will be approximately $18.53-million (U.S.). The equity interest of Gobimin, through Gobimin Silver, in New HK Listco will remain approximately 48.02 per cent, with a market value of approximately $8.88-million (U.S.).

Furthermore, each of Gobimin, Gobimin Investments, Gobimin Silver and Felipe Tan agreed to give a non-competition undertaking in favour of New HK Listco. It is also expected that all the New HK Listco shares to be held by Gobimin Silver will be subject to a 12-month non-disposal undertaking.

Subject to the successful listing, New HK Listco will be the listed holding company of CPM and its subsidiaries.

The application for listing and details of the transaction are subject to approval of the HKEx. Gobimin shall keep updating the progress of the application and provide details on the transactions once finalized.

We seek Safe Harbor.