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Toronto, Ontario--(Newsfile Corp. - January 29, 2026) - GPM Metals Inc. (TSXV: GPM) ("GPM" or the "Company") is pleased to announce a non-brokered private placement of up to 6,666,666 units of the Company (the "Units") at a price of C$0.075 per Unit for aggregate gross proceeds of up to approximately C$500,000 (the "Offering"). Each Unit will consist of one common share of the Company and one common share purchase warrant of the Company (each, a "Warrant"). Each Warrant will entitle the holder thereof to acquire one common share of the Company at a price of C$0.10 for a period of 36 months from the closing of the Offering.

The proceeds of the Offering will be used by the Company for exploration efforts at its Walker Gossan Project located in Australia and for general corporate purposes and working capital. The Offering is subject to the receipt of all regulatory approvals including the approval of the TSX Venture Exchange ("TSXV"). All securities issued under the Offering will be subject to a hold period expiring four months and one day from the date of issuance. The Offering is expected to close on or about February 13, 2026, or such other date as determined by the Company. No finders' fees are expected to be payable in connection with the Offering.

Insiders of the Company are anticipated to subscribe for up to 1,666,666 Units under the Offering. The insiders' participation in the Offering constitutes a "related party transaction" as defined under Multilateral Instrument 61-101 Protection of Minority Security Holders in Special Transactions ("MI 61-101"). Such participation is exempt from the formal valuation and minority shareholder approval requirements of MI 61-101 as neither the fair market value of the securities acquired by the insiders, nor the consideration for the securities paid by such insiders, exceed 25% of the Company's market capitalization.

This news release does not constitute an offer to sell or a solicitation of an offer to buy any securities in the United States or any other jurisdiction. No securities may be offered or sold in the United States or in any other jurisdiction in which such offer or sale would be unlawful prior to registration under U.S. Securities Act of 1933 or an exemption therefrom or qualification under the securities laws of such other jurisdiction or an exemption therefrom.

About GPM Metals:

GPM Metals Inc. is a mineral exploration company exploring for large base metals deposits in Australia. The Company's wholly owned Walker Gossan Project is a district scale (190,000 Hectares) Zinc-Silver- Lead project in East Arnhem Land NT, Australia.

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

Forward-Looking Statements

Information set forth in this news release involves forward-looking information under applicable securities laws. The forward-looking statements contained herein include, but are not limited to, the anticipated size, terms and completion of the Offering, the closing date of the Offering, the intended use of proceeds, the receipt of TSXV approval, and anticipated participation by certain insiders, and all such forward-looking statements are expressly qualified in their entirety by this cautionary statement. The forward-looking statements included in this news release are made as of the date hereof and the Company disclaims any intention or obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise, except as expressly required by applicable securities legislation. Although the Company believes that the expectations represented in such forward-looking statements are reasonable, there can be no assurance that such expectations will prove to be correct and, accordingly, undue reliance should not be put on such forward-looking statements. This news release does not constitute an offer to sell or solicitation of an offer to buy any of the securities described herein.

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