VANCOUVER, BC, July 6, 2016 - GMV Minerals Inc. (the “Company” or “GMV”) (TSX-V:GMV) is pleased to announce that it has closed its previously announced non-brokered private placement. Under the terms of the private placement, the Company issued 3,500,000 units at a price of $0.20 per unit for gross proceeds of $700,000. Each Unit consisted of one (1) common share and one-half (1/2) common share purchase warrant (“Warrant”). Each whole Warrant will entitle the holder to acquire an additional common share at a price of $0.30 for a period of eighteen (18) months.

The net proceeds of the Offering will be used to advance exploration activities at the Company’s 100% owned Mexican Hat gold property located in S.E. Arizona as well as for general working capital.

All securities issued in conjunction with the Offering are subject to a four-month statutory hold period in Canada expiring on November 9, 2016. The Company paid $9,870 and issued 24,675 Finder’s Warrants as a finder’s fee in connection with the private placement. The Finder’s Warrants are issued on the same terms and conditions as the private placement Warrants.

ON BEHALF OF THE BOARD OF DIRECTORS

________________________________________
Ian Klassen, President

Neither 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 release.

For further information please contact:

GMV Minerals Inc.
Ian Klassen
Tel: (604) 899-0106
Email: info@gmvminerals.com

NOT FOR DISSEMINATION IN THE UNITED STATES OR FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES -

This news release may contain forward-looking statements based on assumptions and judgments of management of the Company regarding future events or results. Such statements are subject to a variety of risks and uncertainties which could cause actual events or results to differ materially from those reflected in the forward-looking statements. The Company disclaims any intention or obligation to revise or update such statements except as may be required by law.