GMR Global Mineral Resources Corp.

GMR Global Mineral Resources Corp.

August 16, 2011 13:27 ET

GMR Global Mineral Resources Corp. Retains Experienced Geologist to Manage Exploration Program on Red Elephant Gold Property

TORONTO, ONTARIO--(Marketwire - Aug. 16, 2011) - GMR Global Mineral Resources (FRANKFURT:GLLN) is pleased to announce the company has engaged the services of Stephen Butrenchuk, P. Geol., as a Qualified Person to conduct a NI 43-101 report on its Red Elephant property, located in British Columbia.

Mr. Butrenchuk brings over 41 years of mining expertise to GMR and is a Qualified Person as defined by National Instrument 43-101 standards. He has worked with a wide range of successful companies, including Cominco where he served a 16-year tenure as an Exploration Geologist. He has extensive experience in project evaluation and management, major drilling operations, supervising drilling programs, and negotiating with government agencies. In addition, Mr. Butrenchuk has written and co-authored several geological papers and is a member in good standing of the Association of Professional Engineers, Geologists and Geophysicists of Alberta.

GMR's management team feels the addition of Mr. Butrenchuk will add to the company's ability to enhance shareholder value and expedite the company's goal of undertaking a comprehensive drilling program on its properties in British Columbia.

About Red Elephant

Located in the Slocan Mining District on British Columbia, the Red Elephant property shows potential for a high-grade gold deposit. The property is known to hold 26,463 tonnes with an expected grade of 40.8 grams per tonne of gold and 36.3 grams per tonne of silver, as evidenced by the documentation supplied to the BC Ministry of Mining in 1989 filings by Roper Lake Resources. This translates to approximately 35,000 ounces of gold and 30,500 ounces of silver. The approximate value of the gold is $60 million USD, while the silver deposit has an approximate value of $1 million. Other regions in the property have shown indications of holding large, high-grade gold deposits. The property was extensively explored in the late 1980's, and showed potential for large, very high grade gold resources. By engaging Mr. Butrenchuk, GMR plans to fully explore the entire property, and bring previous results up to modern, NI 43-101 standards. The company is developing plans to mill the known resources. For additional information about the Red Elephant property see the GMR press release dated March 21, 2011.

About GMR Global Mineral Resources

GMR Global Mineral Resources Corp. is in the business of commercializing gold and silver bearing properties that had been active mines in the past but were not fully exploited. The properties are located in the Slocan Valley Mining District of British Columbia. The properties are grouped into two contiguous areas giving GMR Global Mineral Resources significant claims over lands that the provincial mining authority has identified the area as an area that can be expected to meet previous production records.

Safe Harbor

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.

Contact Information