Mr. Salvador Miranda reports

GFM ANNOUNCES NON-BROKERED PRIVATE PLACEMENT

GFM Resources Ltd. has arranged a non-brokered private placement of up to 30 million units of the company at a price of five cents per unit for aggregate gross proceeds of up to $1.5-million.

Each unit will consist of one common share of the company and one common share purchase warrant. Each warrant will entitle the holder to acquire one additional common share at a price of five cents per share for a period of one year from the date of issuance.

The company intends to use proceeds from the private placement to repay outstanding liabilities and for general working capital purposes.

The private placement is subject to approval by the TSX Venture Exchange.

All securities issued pursuant to the private placement will be subject to a four-month-and-one-day hold period under applicable securities laws.

About GFM Resources Ltd.

GFM Resources is an emerging mineral exploration company focused on the acquisition and development of high-potential exploration properties in Mexico. Its shares are listed on the NEX board of the TSX-V under the symbol GFM.H.

We seek Safe Harbor.