A S X A N N O U N C E M E N T 2 3 J A N U A R Y 2 0 1 4 RE S U L T S O F AN N U A L G E N E R A L M E E T I N G

The proxy votes cast at the Company's Annual General Meeting held on 15 January 2014 are detailed

below in accordance with ASX Listing Rule 3.13 and s 251AA of the Corporations Act 2001 (Cth).

All resolutions put to the meeting, as set out in the Notice of Meeting, were passed on a show of hands.

Andrew Chan Company Secretary GBM Gold Ltd

RESOLUTION

PROXY VOTES

For

Against

Abstain

Discretionary

Total - valid proxies

1. Remuneration Report

229,489,741

122,500

-

-

229,612,241

2. Re-appointment of Andy Lai as director

178,076,899

-

51,535,342

-

229,612,241

3. Re-election of John Harrison as a Director

229,612,241

-

-

-

229,612,241

4. Re-election of Linda Lau as a Director

229,589,741

22,500

-

-

229,612,241

5. Approval of 10% Placement Facility

168,941,201

12,322,500

48,374,858

-

229,612,241

ENDS

About GBM Gold Ltd (ASX: GBM)

GBM Gold is a gold focused mining and exploration company with mining and exploration assets located in underexplored areas of one of Australia's most significant gold producing regions; the Central Victorian Goldfields.
The Company's operations are centred at Inglewood an historic primary gold producing area. It is here that GBM owns an underground mine and a 90,000 tonne per annum Gravity/CIP/CIL gold processing plant and 235,000 ounces of inferred open pit and underground gold resources.
GBM has five mining licences, one mining licence application, seven exploration licences and a 50% Joint Venture interest in another exploration licence in 5 project areas - Inglewood, Goldsborough, Beavis-ISG, Fiddlers Creek-Avoca and Wilsons Hill.
GBM's corporate strategy is to develop a long term sustainable mining operation in Central Victoria to
fund the Company's growth through the discovery and development of major gold deposits.
For more information please visit the Company website: www.gbmgold.com.au

Page 2 of 2

distributed by