GMV Minerals Inc. Announces Non-Brokered Financing

VANCOUVER, BC, August 15, 2016 – GMV Minerals Inc. (the “Company” or “GMV”) (TSX-V:GMV) is pleased to announce a non-brokered private placement of up to 6,000,000 Units (the “Units”) for gross proceeds of up to $3 million. The private placement offering (the “Offering”) will be at $0.50 (CAD) per Unit, and will consist of one common share in the capital of the Company (each a “Common Share”) and one half share purchase warrant (a “Warrant”).

Each whole Warrant will be exercisable at $0.65 (CAD) to purchase an additional common share (each a Warrant Share) for a period of 18 months following the Closing Date. All subscriptions for Units are anticipated to be completed and accepted by the Company on or before September 15, 2016.

The Warrant will also include an acceleration clause whereby if the trading price of the Issuer’s shares on the TSX Venture Exchange for 10 consecutive trading days (the “Premium Trading Days”) exceeds $1.00 per share during the exercise period the expiry time of the warrants shall be accelerated, at the option of the Company, such that the expiry time will be 30 calendar days. This 30-day period will commence 7 calendar days after the tenth Premium Trading Day.

The net proceeds of the Offering will be used to advance exploration activities at the Company’s Mexican Hat gold property located in S.E. Arizona as well as for general working capital. Finder’s fees may be paid on the Offering pursuant to the policies of the TSX Venture Exchange.

In addition, the Company announces that, subject to TSX Venture Exchange approval, it has granted incentive stock options to various directors, officers and consultants to purchase up to 500,000 common shares exercisable on or before August 15, 2021 at a price of $0.60 per share.

ON BEHALF OF THE BOARD OF DIRECTORS
________________________________________
Ian Klassen, President

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

For further information please contact:

GMV Minerals Inc.
Ian Klassen
Tel: (604) 899-0106
Email: info@gmvminerals.com

NOT FOR DISSEMINATION IN THE UNITED STATES OR FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES —

This news release may contain forward-looking statements based on assumptions and judgments of management of the Company regarding future events or results. Such statements are subject to a variety of risks and uncertainties which could cause actual events or results to differ materially from those reflected in the forward-looking statements. The Company disclaims any intention or obligation to revise or update such statements except as may be required by law.