GMR Global Mineral Resources Corp.

GMR Global Mineral Resources Corp.

November 07, 2011 00:01 ET

GMR Global Mineral Resources Clarifies Disclosure for Enterprise Silver Mining Property

TORONTO, ONTARIO--(Marketwire - Nov. 7, 2011) - As a result of a review by the British Columbia Securities Commission (BCSC), GMR Global Mineral Resources Corp. ("GMR") (FRANKFURT:GLLN) a Canadian-based resource, exploration and development company trading on the Frankfurt Stock Exchange (trading symbol GLLN), is issuing the following news release to clarify disclosure.

The BCSC has requested clarification in the disclosure of resource estimates and the results of an economic analysis for the Enterprise silver mining property. There has been no 43-101 report written for this property in support of the above disclosure. In response, the company has removed any reference to the Enterprise property from its website as the actual mineral occurrence is located on an adjacent reverted crown grant that was only recently discovered by recent due diligence.

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. The company 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 (Slocan Valley and Zeballos), most of which are past-producing gold or silver properties. For additional information on the company and its properties, please visit


This press release is prepared for the sole purpose of public announcement of the organization of the Advisory Board of GMR Global Mineral Resources Corp. Certain information contained in this press release, including any information as to our strategy, projects, plans or future financial or operating performance and other statements that express management's expectations or estimates of future performance, constitute "forward-looking statements". All statements, other than statements of historical fact, are forward-looking statements. The word "intend" and similar expressions identify forward- looking statements. Forward-looking statements are necessarily based upon a number of estimates and assumptions that, while considered reasonable by management, are inherently subject to significant business, economic and competitive uncertainties and contingencies. GMR cautions the reader that such forward-looking statements involve known and unknown risks, uncertainties and other factors that may cause the actual financial results, performance or achievements of GMR to be materially different from GMR's estimated future results, performance or achievements expressed or implied by those forward- looking statements and the forward-looking statements are not guarantees of future performance. GMR disclaims any intention or obligation to update or revise any forward-looking statements whether as a result of new information, future events or otherwise, except as required by applicable law. This press release does not constitute or form part of any offer or invitation to sell or issue or any solicitation of any offer to purchase or subscribe for any securities in any jurisdiction, nor shall it (or any part of it) or the fact of its distribution form the basis of, or be relied upon in connection with, or act as any inducement to enter into, any contract or commitment therefore.

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