SOURCE: Grand Pacaraima Gold Corporation

September 15, 2010 10:53 ET

Grand Pacaraima Gold Corporation Has Signed the "Agreement and Plan of Merger/Acquisition" and Completed Its Merger/Acquisition of Jasmine EKA Karya, Inc.

VERNON, BC--(Marketwire - September 15, 2010) -  Grand Pacaraima Gold Corporation (PINKSHEETS: GPGD) announced today that the board of directors finalized the merger with Jasmine EKA Karya, Inc., a US Corporation, with the signing of the "Agreement and Plan of Merger/Acquisition."

David Nolan, CEO of Jasmine, believes this merger will greatly enhance the Company's ability to complete a number of domestic and international contracts now under negotiations, relating mainly to the petrochemical industry.

GPGD Board of Directors commented, "This transaction should be a positive move for GPGD's existing shareholders. Our commitment is to provide increased equity and shareholder value on a continuing basis through the continued acquisition of new assets, mergers, acquisitions, expansion and development of our existing holdings."

About Jasmine EKA Karya Inc.
Jasmine EKA Karya Inc., a US Corporation is headed up by David Nolan, as its Chief Executive Officer (CEO). Jasmine was formed as a commodity trading company dealing in the petroleum industry. Their main emphasis as a General Contractor is petrochemical infrastructure in construction of drilling rig, refineries, ports and energy related projects.

About Grand Pacaraima Gold Corp. (GPGD) -- www.GPGD.PK
The Company's principal business has been the acquisition of mining and mineral properties. Management's new emphasis is on energy projects, mergers and acquisitions related to the energy industry.

Forward-Looking Statements: Certain statements contained in this press release are forward-looking statements that involve risks and uncertainties. The statements contained herein that are not purely historical are forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended and Section 21E of the Securities Exchange Act of 1934, as amended.