GMV Minerals Inc. announced a non-brokered private placement of up to 10,000,000 units at a price of CAD 0.14 per share for gross proceeds of up to CAD 1,400,000 on May 16, 2023. Each unit consists of one common share and one full share purchase warrant. Each warrant will be exercisable at CAD 0.22 to purchase an additional common share for a period of up to 24 months following the close date of the transaction.

Finder's fees may be paid in the transaction pursuant to the policies of the TSX Venture Exchange.