GPM METALS PROVIDES AN UPDATE OF WALKER GOSSAN ZINC PROJECT

GPM Metals Inc. has provided an update to its Walker Gossan project, Arnhem Land, Australia.

GPM Metals continues to progress plans for the next stage of exploration at the Walker Gossan project, in particular progressing consultation with, and required consents from, the local traditional land owners (TLOs) with the assistance of the Northern Land Council (NLC).

The NLC had scheduled a community meeting the week of Aug. 14, 2023, in Numbulwar, Arnhem Land, in the Northern Territory in Australia, between the TLOs, GPM Metals' management and the representatives of the NLC.

This meeting was to be the final consultation meeting with traditional owners in relation to GPM Metals application for exploration licence (ELA)30956, which covers prospective areas to the south and east of the existing granted exploration licence areas (EL24305 and EL385). A precursor to the final meeting is the undertaking of an anthropological survey of the area. The result of this survey is a draft map of the area with "consent" and "non-consent" areas.

Unfortunately, there is currently some disagreement within the community about exploration being undertaken in large parts of the area covered by ELA 30956 and therefore the respective consent and non-consent areas.

As a consequence NLC and GPM Metals have agreed to defer this final consultation meeting until some greater clarity within the community is achieved.

GPM Metals intends to continue with exploration programs for existing approved tenements EL385 and EL24305.

We seek Safe Harbor.