GMR Global Mineral Resources Corp.
FRANKFURT : GLLN

GMR Global Mineral Resources Corp.

March 08, 2012 18:01 ET

Cease Trade Order Revoked; GMR Global Mineral Resources Corp. Receives Revocation Order from British Columbia Securities Commission

TORONTO, ONTARIO--(Marketwire - March 8, 2012) - GMR Global Mineral Resources Corp. (FRANKFURT:GLLN) is pleased to announce that the company has received a Revocation Order from the executive director of the British Columbia Securities Commission (BCSC); revoking the Cease Trade Order that was issued by the BCSC on October 14th, 2011.

The Revocation Order states:

  1. "On October 14, 2011, the Executive Director ordered (the Cease Trade Order) under section 164(1) of the Securities Act, R.S.B.C. 1996, c. 418 (the Act) that all trading in the securities of GMR Global Mineral Resources Corp. (Global) cease until it files independent technical report for its Red Elephant property, prepared in the required form, supporting its disclosure."

  2. "Global has filed the technical report in the required form."

  3. "Under section 164 of the Act, the Executive Director orders that the Cease Trade Order is revoked."

  4. "March 1, 2012"

The Revocation Order is signed by the chief mining advisor of the British Columbia Securities Commission. A copy of the document can be viewed on GMR's website; www.globalmineralresources.com.

Stephen B. Butrenchuk, P. Geol. P. Geo, is the Qualified Person who has reviewed the technical data and approved it for release.

About GMR Global Mineral Resources Corp.

GMR Global Mineral Resources Corp. (GMR) (FRANKFURT:GLLN) is a Canadian-based resource, exploration and development company that primarily redevelops past-producing gold and silver mining properties. GMR focuses on properties that were not fully exploited due to old technology or weak precious metal prices. By implementing modern exploration and extraction methods, GMR's strategy is to profitably revitalize these mines. GMR is a significant holder of mineral tenures in British Columbia, Canada, most of which are past-producing gold or silver properties. For additional information on the company and its properties, please visit www.globalmineralresources.com.

CAUTIONARY STATEMENT ON FORWARD-LOOKING INFORMATION

Certain statements above constitute forward-looking statements with respect to GMR Global Mineral Resources Corp. and affiliated companies. Such forward-looking statements involve known and unknown risks, uncertainties and other factors that may cause the actual results, performance or achievements of the companies to be materially different from any further results, performance or achievements expressed or implied by such forward-looking statements.

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