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GBM Resources Raises $500,000

Australian resources company GBM Resources Limited (GBZ) (“GBM” or “the Company”) wishes to advise that it has successfully completed a share placement to sophisticated investors, raising a total of A$500,000. The Placement will see the issue of 5,000,000 fully paid ordinary shares in the Company issued at a price of $0.10 per share, together with 5,000,000 attaching options exercisable at $0.20 each on or before 30 June 2013. The placement has been made at a premium to GBM’s current share price. The placement was completed pursuant to Section 708 of the Corporation Act 2001 and is within the company’s 15% placement limit. The funds raised via the Placement will be applied to continue exploration activities at the Brightlands Copper Gold project, located in the Mount Isa/Cloncurry region of North Queensland and provide working capital.