GTA Resources and Mining Inc.

GTA Resources and Mining Inc.

April 20, 2012 08:50 ET

GTA Resources and Mining Inc. Grants Options to First Canadian Capital Corp. for Investor Relations Services

BURLINGTON, ONTARIO--(Marketwire - April 20, 2012) - GTA Resources and Mining Inc. ("GTA" or "the Corporation") (TSX VENTURE:GTA) in a press release dated April 17, 2012 announced that it had retained First Canadian Capital Corp. ("First Canadian" or "the Consultant") as a consultant to provide strategic marketing and investor awareness services.

In conjunction with the agreement, GTA announces that it has granted to First Canadian, 200,000 stock options having a strike price of $1.05. The options vest in stages over twelve months with no more than one quarter of the options vesting in any three-month period and expire twenty four months from the date of grant. Further, upon termination of the contract, First Canadian will have 30 days to exercise any vested options. Prior to the grant of options, First Canadian had no direct or indirect interests in GTA or its securities.

About First Canadian Capital

Based in Toronto and in the investor relations business for 14 years, First Canadian has assisted numerous North American corporations in gaining exposure and recognition within the global investment community. First Canadian's core competencies are found in identifying well managed undervalued companies with high growth potential and providing effective investor relations and market awareness services to those companies. First Canadian is proud to have had two recent clients win the PDAC Prospector of the Year award.

About GTA

GTA is a publicly traded mineral exploration company focused on gold exploration in Canada, governed by an experienced and successful team consisting of management, directors, and technical advisors.

GTA currently has two gold projects, the Northshore Project, near Schreiber, Ontario, and the Auden Project near Hearst, Ontario. GTA has an option agreement with Balmoral Resources Ltd. ("BAR") whereby GTA can earn up to a 70% interest in the Northshore Project. GTA owns a 100% interest in the Auden Project, which consists of 1,596 claim units, and covers virtually an entire greenstone belt.

This press release contains forward-looking statements and forward-looking information (collectively, "forward looking statements") within the meaning of applicable Canadian securities laws. All statements, other than statements of historical fact, included herein, including statements regarding the anticipated content, commencement, duration and cost of exploration programs, anticipated exploration program results, the timing of the receipt of assay and other lab results, the discovery and delineation of mineral deposits/resources/reserves, and business and financing plans and trends, are forward-looking statements. Forward-looking statements are those which, by their nature, refer to future events. Although GTA believes such statements are reasonable, there can be no assurance that such statements will prove to be accurate, and actual results and future events could differ materially from those anticipated in such statements. Investors are cautioned that actual results may differ materially from those in forward-looking statements. All of the Company's public disclosure filings may be accessed via and readers are urged to review these materials, including the latest technical reports filed with respect to the Company's mineral properties.

This press release is not, and is not to be construed in any way as, an offer to buy or sell securities in the United States.

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this press release.

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