Drilling Completed At Mexican Hat Gold Project

VANCOUVER, BC – GMV Minerals Inc. completed three diamond drill holes at its Mexican Hat Gold Project, located in Cochise County, Arizona. These drill holes were designed to test extensions of known gold zones as well as areas where new zones were suspected to occur. All drill holes intersected multiple fractured and hematite altered volcanic rocks, similar in character to the known mineralization. Limonite is reported to occur in some of the zones.

Intersections range from 2 meters to greater than 40 meters in core length which represents true widths of 90% to 100%. Assays are now pending for all three drill holes. It is unknown at this time if the three new zones intersected in the three drill holes correlate to each other or not. However, each of the three new zones in each drill hole are north of the N Zone and not included in the current resource. All drill holes terminated in finely-grained sedimentary rocks interpreted as correlative to the Cretaceous-aged Bisbee Group which is shown to be dipping shallowly to the east.

The drilling is being conducted in an effort to find the outer limits to the north and west of the known gold resource which is being modeled as a low cost open pit heap leach type of deposit.