Mr. Ian Klassen reports

GMV MINERALS INC. FILES NOTICE OF INTENT TO DRILL DAISY CREEK PROJECT IN LANDER COUNTY, NEVADA

GMV Minerals Inc. has filed permitting documentation with the Bureau of Land Management (BLM) for GMV's Daisy Creek lithium/uranium project in Lander county, Nevada.

The notice of intent (NOI) covers a six-hole drill program up to a total depth of 3,000 feet and focuses on the most prospective lithium targets as defined by recent geophysical work. Upon approval and receipt of permits, GMV is targeting to drill its Daisy Creek project in June/July, 2024, and will provide further updates as new information comes available.

In addition, the company has applied to the TSX Venture Exchange to extend the expiry date for 4.5 million of its outstanding unlisted common share purchase warrants. The warrants, each of which is currently exercisable to purchase one common share of the company at 16 cents per share, were originally issued by the company as part of non-brokered unit private placement financing completed on June 8, 2022. The company will extend the original warrant expiry date of June 24, 2024 to 4:30 p.m. PST on June 24, 2025, subject to TSX Venture Exchange approval. The company currently has an aggregate of 4.5 million warrants issued and outstanding pertaining to the above-noted private placement, all of which are eligible for amendment, pursuant to the policies of the exchange.

Dr. D.R. Webb, PhD, PGeo, PEng, is the qualified person for this release within the meaning of NI 43-101 and has reviewed the technical content of this release and has approved its content.

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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