Mr. Dan Noone reports

GPM METALS ANNOUNCES PRIVATE PLACEMENT

GPM Metals Inc. has arranged a non-brokered private placement pursuant to which it will issue up to six million units at a price of 5.5 cents each to raise aggregate gross proceeds up to $330,000.

Each unit will consist of one common share of the company and one share purchase warrant. Each warrant will entitle the holder to purchase one additional common share of the company at a price of 10 cents per common share for a period of 60 months from relevant closing date.

All proceeds from the sale of the units pursuant to the offering shall be immediately available to the company.

Insiders of the company may subscribe for up to five million units in the offering.

The insider participation will be considered to be related party transactions within the meaning of TSX Venture Exchange Policy 5.9 and Multilateral Instrument 61-101. The company intends to rely on the exemptions from the valuation and minority shareholder approval requirements of MI 61-101 contained in sections 5.5(a) and 5.7(a) of MI 61-101 in respect of such insider participation.

The offering is currently scheduled to close on or about June 10, 2023, and remains subject to the receipt of all applicable regulatory approvals.

We seek Safe Harbor.