GMR Global Mineral Resources Corp.

GMR Global Mineral Resources Corp.

October 26, 2011 00:00 ET

GMR Global Mineral Resources Corp. Announces High Calibre Advisory Board

TORONTO, ONTARIO--(Marketwire - Oct. 26, 2011) - 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 pleased to announce the appointment of an advisory board consisting of a group of professionals with expertise in the financial, technology and mining sectors. These individuals will join the Chairman of the Advisory board, Dr. Claus Wagner-Bartak, and will all work closely with GMR's Senior Management Team.

The Advisory Board consists of:

Chairman of the Advisory Board – Dr. Claus Wagner-Bartak

Ph. D., Physics, Chemistry, Mathematics [magna cum laude], MBA in Engineering Management and International Business, P. Eng. (Registered Professional Engineer in Ontario # 48462014). Dr. Wagner-Bartak is a mature, accomplished and internationally recognized multidisciplinary engineer, scientist and business executive. He has pioneered and coordinated several innovative megaprojects, including the development of NASA's robotic space arm (CanadArm) used on the Space Shuttle program.

Dr. Wagner-Bartak's extensive professional experience includes several tenures as a Founder, Director and Senior Board Member of a wide range of companies including Diasyn Technologies, Inc. (Chairman and President), Energy Dynamics Inc. (Founder and President) and Spar Aerospace (Vice President and General Manager). He also served as past President of Titanium Corporation, a Canadian public mining company.

Dr. Wagner-Bartak has evaluated and assessed technology and environmental aspects, specifically within the mining industry, focusing on eliminating potentially damaging pollutants and contaminants. He has been an avid advocate for natural treatments for illness and for environmental and pollution controls. Dr. Wagner-Bartak brings over 40 years of engineering, business and scientific experience to GMR's Advisory Board.

Mr. Geoffrey S. Carter P. Eng. (Registered Professional Engineer in Ontario #100084354, member of Professional Engineering Association of Manitoba #5341).

Having served as an expert mine operator, analyst and consultant since 1968, Geoffrey Carter brings his extensive mining experience to GMR's Advisory Board. Mr. Carter is an independent Professional Mining Engineer and "Qualified Person" under National Instrument 43-101 Standards. He provides research and analysis to confirm information on mining projects around the world and is noted for providing highly accurate, detailed and reliable information to institutions, government agencies and corporations.

Mr. Carter is a member of the Canadian Institute of Mining and Metallurgy. He was a Senior Mining Analyst for several brokerage firms, including Research Capital and Midland Doherty. He also served as VP of Operations, Planning and Development for Inspiration Coal of Knoxville, Tennessee. Since 1991, Mr. Carter has operated Broad Oak Associates, serving as an independent analyst and engineer providing services to the global mining industry.

Mr. Norbert Stocker, MBA

Mr. Stocker is an international financial and business executive. He is currently the Senior Vice President of Financial Pacific, one of the largest independent bond underwriters in Latin America. Mr. Stocker's experience also includes several high ranking positions in wealth management, investment advisory firms and investment banking companies. He has specialized in traditional investments and also has expertise with derivatives, securities and forex markets, both as a trader and money manager.

Mr. Stocker has worked as a senior executive with a wide range of companies including Swiss Bank Corp., where he served as Assistant Vice President, Head of Precious Metals in Canada and later held the same position for Eastern Europe and the Mediterranean region. He has also worked at Ferrier Lullin & Cie SA (now Bank Julius Baer) in Geneva as VP of Special Projects and at Amirali Management Ltd. located in Dubai and the Bahamas, where he was co-founder and Wealth Management Advisor.

Mr. Stocker's skills and experience will allow GMR greater access to strategic partners and investors as well as provide world-class counsel regarding future financial transactions.

Mr. Habib Tannous, BA

Habib Tannous brings extensive M & A, financial and accounting experience to GMR's Advisory Board. Mr. Tannous spent over 10 years working with high net worth individuals and families in the Middle East, Europe and North America as a money manager and financial expert. He has developed and managed several companies from inception and has cultivated these firms into multimillion dollar operations around the world.

Mr. Tannous was the co-founder of several private international firms, including Swiss International Financial Brokerage Company (SWISSFS), one of the largest brokerage firms in Kuwait. He also founded Kuwait Investment Limited, a real estate development and international investment firm, providing his clients with additional access to North American investment vehicles.

Mr. Tannous' network of professional investors, institutions and high net worth individuals brings strong financial guidance to GMR.

R. Duncan MacPherson, Hon. B. Com., CA - Senior Advisor

For the past 11 years Duncan MacPherson has been running an International Tax Consulting practice which he founded. His clients include mining companies, public & private companies, REIT's, Alternative Funds, Exempt Market Dealers and more. Previously, he worked for the Tax Department of one of the largest Public Accounting firms and the International Tax Department of a "Fortune 10" company. He has lectured for the Canadian Institute of Chartered Accountants and the Institute of Chartered Accounts of Ontario.

In addition to his network of financial and resource professionals, Mr. MacPherson offers the GMR Advisory Board expertise in taxation, corporate structuring, financial strategies and mining. Mr. MacPherson has also recently passed the American CPA exam to add to his list of credentials.

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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