Mr. Ian Klassen reports

GMV MINERALS INC. CLOSES NON-BROKERED FINANCING

GMV Minerals Inc. has closed a non-brokered private placement with the issuance of 2,706,667 units at a price of 15 cents per unit for gross proceeds of $406,000 with all securities issued having a four-month hold period which expires on Aug. 20, 2024. The private placement remains subject to obtaining final approval of the TSX Venture Exchange.

Each unit consists of one common share of the company and 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 24 months from the date issuance.

No finders' fees were paid with this issuance.

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.

We seek Safe Harbor.