Mr. Ian Klassen reports

GMV MINERALS COMPLETES PHASE 1 ANALYSIS CONFIRMING SIGNIFICANT GOLD VALUES IN AREA 640 METRES X 525 METRES

GMV Minerals Inc. is releasing analytical results from a five-week mapping and sampling program at the company's 100-per-cent-owned Mexican Hat gold property located in southeast Arizona.

The results confirm and expand on the work completed by past operators, revealing economically significant gold values distributed over an area 640 metres long and 525 metres wide in multiple zones transecting tertiary volcanic rocks. Individual zones can be traced discontinuously for over 525 metres and attain true widths up to 42 metres on surface.

  SELECTED RESULTS FROM 2014 COMPOSITE CHIP SAMPLING    

Summary           Length (m)           Grade (g/t Au)

Trench 1                24.0                    1.091
And                      4.5                    1.506
Trench 3                15.0                    1.200
Trench 4                33.0                    0.654
Including               21.0                    0.745
Trench 5                 3.5                    1.039
Trench 7                 3.0                    0.871
Trench 9                24.0                    1.259
Trench 10                9.0                    0.777
Trench 11               44.0                    0.563
Including               11.0                    1.355
Trench 12                6.5                    1.098
And                     21.0                    1.255
And                     63.0                    0.661
Including                9.0                    1.893
Trench 13               24.5                    1.135
Trench 14               12.0                    0.806
And                      9.0                    1.185

These surface trench results reveal that the gold-enriched zones appear to correlate well in three dimensions. Drill results from previous operators show down-dip continuity of these zones to depths of 200 metres or more (deepest drill holes). The zones are open along strike and to depth, and additional subparallel zones may exist.

A total of 495 samples was collected, including 41 field blanks and 20 field duplicate samples. In addition, 68 standards were inserted into the sample stream. All samples were analyzed for 37 elements on 30-gram samples digested in aqua regia and analyzed using ICP mass spectrometer techniques (Acme Analytical Laboratories Ltd., AQ 252), and all samples returning gold values greater than 0.1 gram per tonne were reanalyzed using 30-gram fire assay with atomic adsorption techniques (Acme Analytical Laboratories, FA431). Initial examination of the data shows the analytical results to be acceptable for the level of work completed.

Placer Dome reported an estimate of 5,234,000 tonnes grading 0.926 gram per tonne using a 0.345 g/t (0.01 ounce per ton) cut-off (M. Gray, 1990). This resource is a historic resource under National Instrument 43-101 and is referenced here for completeness. Placer Dome's estimate was based upon indicator kriging of 18,934 metres of drilling in 120 RC holes and 17 diamond drill holes. This historic estimate is not reported in current classifications as measured, indicated or inferred resources; however, reserves (not equivalent to NI 43-101 proven, probable and possible reserves) were estimated from these data using a 45-degree pit, a 0.345 g/t cut-off and a 90-per-cent recovery, resulting in a 183-metre deep pit and a 5:1 strip ratio, to yield 3.72 million tonnes grading 0.960 gram per tonne containing 103,320 ounces of gold. No top cut was reported. Roughly 50 per cent more mineralization was believed to fall within this conceptual pit in sparsely drilled areas between mineralized domains (M. Gray, 1990). Subsequent work by others supports this assertion; however, no additional resource work has been completed.

Ian Klassen, president, stated: "Our phase 1 program was designed to test and confirm, to a high level of certainty, the grades and widths of gold mineralization previously identified on the Mexican Hat property, complete property-scale reconnaissance mapping, and detailed mapping of the individual zones. In the end, we have succeeded in doubling the strike extent and increasing the width of the zone by 70 per cent over what had been reported by Placer Dome in 1990. As we investigate the possibilities of a near-surface, heap leach operation, we will now follow up with a program to assess the grade and tonnage of the mineralization using 3-D modelling techniques, the metallurgy and geotechnical properties of the rocks, and other engineering parameters, which will commence upon receipt of the final report of this phase of work."

The resources and reserves reported above are historical estimates, reported for completeness, and are not NI 43-101-compliant mineral resources or reserves estimates. They have been calculated in industry-standard form current as of the time reported (1990), and there are no concerns as to the sampling, assaying or resource methodology. GMV is not treating the historical estimate as current mineral resources or mineral reserves. No blanks were reported, but duplicate and repeat samples (10 per cent) are acceptable for this level of work. Further work is needed to confirm the grade, distribution and metallurgy of the mineralization to determine and define an NI 43-101-compliant mineral resources estimate. The historic estimates reported here are not to be considered NI 43-101 resources or reserves.

Dr. D.R. Webb, BASc (engineering), MSc, PhD, PGeo, is a qualified person within the meaning of NI 43-101. Dr. Webb has reviewed and is responsible for the technical details of this release.