Mr. Peter Clausi reports

GTA ANNOUNCES RESULTS OF SHAREHOLDER MEETING AND NON-BINDING OFFER FOR ALL ASSETS

At GTA Resources and Mining Inc.'s annual and special shareholder meeting held Jan. 7, 2019, shareholders passed all management resolutions proposed in the management information circular. All existing directors were re-elected, including Peter M. Clausi, Brian Crawford, Wayne Reid, Julio DiGirolamo and J. Birks Bovaird.

Among the resolutions passed, the shareholders approved the sale of all the assets of GTA to CBLT Inc., on terms set out in the circular and pursuant to an agreement between them. However, after the mail date of the circular, GTA received a non-binding offer from an arm's-length Canadian mineral exploration reporting issuer (the new bidder), which GTA's board considers to be superior to the terms of the CBLT agreement. GTA and the new bidder are proceeding in good faith toward converting the non-binding offer into a definitive agreement, and, as a result, more time is needed. The shareholders therefore voted to adjourn (not terminate) the annual and special shareholder meeting to a date not more than three months from the date of the meeting, with notice of reconvening the meeting to be provided by press release with at least two weeks notice. If the new bidder and GTA execute the new bidder agreement, disclosure of the new bidder agreement and its material terms will be made in the same press release for the shareholders to consider at the reconvened meeting.

There are risks inherent in adjourning the meeting, including, but not limited to, the risk there are no assurances that GTA and the new bidder will be able to agree upon terms for the new bidder agreement.

We seek Safe Harbor.