Mr. Wayne Reid reports

GTA ADDS TO BURNT POND IN CENTRAL NEWFOUNDLAND

GTA Resources and Mining Inc. has added to its Burnt Pond property in central Newfoundland by staking the contiguous Burnt Pond prospect (zinc-lead-copper-silver). The total Burnt Pond project area, located eight kilometres on strike from Teck Resources Ltd.'s Duck Pond mine, now consists of a total of 136 claim units (34 square kilometres).

The recently staked claims (26 claim units) came open for staking after being tied up for 18 years. The highly prospective Burnt Pond prospect is located in the centre of these claims. This prospect was discovered in 1973, and has been interpreted by third parties as a 500-metre-long zinc-lead-rich stringer sulphide zone. Drilling in 2001 had a best result of 0.79 per cent copper, 24 per cent lead, 25.8 per cent zinc, 791.1 grams per tonne silver and 1.6 grams per tonne gold over 0.37 metre (drill width) at a vertical depth of 405 metres. (Volcanic Metals Exploration Inc., April 6, 2001, press release.) This intersection remains completely open for expansion.

Burnt Pond and the Burnt Pond prospect allow GTA to diversify into a zinc-copper project in a proven producing belt with excellent infrastructure, and a mining friendly jurisdiction. It covers a highly prospective package of base metal/precious metal mineralization within the Tally Pond volcanic belt, host to the Duck Pond mine and other copper-zinc-silver-gold massive sulphide deposits.

Burnt Pond is proximal to the Duck Pond mine, which during its mine life, produced approximately six million tonnes grading approximately 3 per cent copper, 6 per cent zinc, 60 grams per tonne silver and 0.9 gram per tonne gold from two deposits. The 100-per-cent-owned GTA claims are underlain by the same geological package of altered felsic volcanic rocks as are common to the Duck Pond mine. The area has extensive geophysical and geochemical coverage with limited third party historic drilling. Untested electromagnetic) targets, coincident with anomalous base metals (zinc, copper, lead, gold and silver) in both rock and soils, remain to be evaluated.

Commented Wayne Reid, president and chief executive officer of GTA: "This recent staking of the Burnt Pond prospect is a key part of GTA's Burnt Pond land package. The GTA property now covers an eight-kilometre strike length of strongly altered felsic volcanic rocks, with impressive base metal mineralization, immediately northeast of Teck's Duck Pond mine complex. The prospect exhibits both wide widths of stringer-type base metal mineralization and narrow high-grade massive sulphide mineralization with grades up to 50 per cent combined zinc-lead-copper over narrow widths. The existing targets can be easily advanced to a drill stage with the use of more modern technology. The zinc market appears ready for a strong rebound in both demand and pricing, and this represents an opportunistic low-cost entry into this market, with no option commitments or future royalties payable."

The initial exploration program will consist of compilation of previous work, grid geophysics (gravity and electromagnetic) along the favourable geology, with follow-up drilling anticipated for late 2015.

Robert Duess, PGeo, vice-president exploration for GTA, and a qualified person as defined in National Instrument 43-101, is responsible for this release, and supervised the preparation of the information forming the basis for this release. Where third party information is referred to, GTA has not assisted in the preparation or compilation of such information, and cannot attest to the reliability of such information.

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