Mr. Ian Klassen reports

GMV MINERALS INC. CLOSES SECOND TRANCHE NON-BROKERED FINANCING

GMV Minerals Inc. has closed the second and final tranche of its non-brokered private placement. The second tranche raised gross proceeds of $80,250 from the issuance of 535,000 units at a price of 15 cents per unit. The total private placement raised $301,350 in gross proceeds with the issuance of 2,009,000 units.

Each unit consists of one common share of the company and one-half of one common share purchase warrant. Each warrant entitles the holder to purchase one common share at a price of 25 cents for a period of 12 months from the date issuance.

The company paid finders' fees totalling $14,286 in cash and 95,240 warrants. Each finder's warrant entitles the holder to purchase one common share at a price of 25 cents for a period of 12 months. All finders' fees are subject to compliance with applicable securities legislation and TSX Venture Exchange policies. All securities issued in this closing of the private placement are subject to statutory four-month hold periods expiring on Aug. 6, 2024, and Aug. 13, 2024. The private placement remains subject to obtaining final approval of the TSX Venture Exchange.

The net proceeds of the offering will be used to advance exploration activities at the company's 100-per-cent-controlled Mexican Hat gold property, located in southeast Arizona, advance exploration at the Daisy Creek lithium project as well as for general working capital.

About GMV Minerals Inc.

GMV Minerals is a publicly traded exploration company focused on developing precious metal assets in Arizona. GMV, through its 100-per-cent-owned subsidiary, has a 100-per-cent interest in a mining property lease commonly referred to as the Mexican Hat property, located in Cochise county, Arizona. The project was initially explored by Placer Dome (USA) in the late 1980s to early 1990s. GMV is focused on developing the asset and realizing the full mineral potential of the property through near-term gold production. GMV recently updated its National Instrument inferred mineral resource to 36,733,000 tonnes grading 0.58 gram per tonne (g/t) gold at a 0.2 g/t cut-off, containing 688,000 ounces of gold.

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