GMV Minerals Inc. Calls Annual & Special Meeting



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

    VANCOUVER, Oct. 31 /CNW/ - GMV Minerals Inc. (the "Company") (TSX-V:GMV)
is pleased to announce that it has called its annual and special shareholder
meeting, which will be held on November 28, 2008. At the meeting the
shareholders will be asked to appoint the directors Ian Klassen, Alistair
MacLennan and Dave McMillan and the reappointment of Manning Elliott LLP as
auditor for the ensuing year.
    In addition, shareholders will be asked, pursuant to TSX Venture Exchange
policies, to reapprove the Company's rolling stock option plan and approve an
amendment to the terms of outstanding options by reducing the exercise price
of such options to CAD $0.15 per share from their current price of
CAD$0.50 per share. The exercise price reduction is intended to restore the
incentive objective of the options which has been lost due to general market
conditions. All of the other terms and conditions of the options will remain
unchanged. All of the outstanding stock options being amended are for
directors and officers of the Company. The option exercise price reduction is
also subject to TSX-V approval.

    
    About GMV Minerals Inc.
    -----------------------
    

    GMV Minerals Inc. is a mineral exploration company focused primarily on
epithermal style gold and silver projects in central British Columbia. GMV
Minerals has amassed a sizeable land position upon which it has completed an
extensive amount of work to date. Recent exploration programs conducted on the
100% owned Nechako claims has successfully identified several corresponding
conductivity and related resistivity geophysical anomalies located at depth
which display the characteristics of an epithermal style mineralized body. The
Company is currently drilling its recently acquired RHG property near Dease
Lake, B.C.

    
    ON BEHALF OF THE BOARD OF DIRECTORS
    -----------------------------------
    Alistair MacLennan, President

    The TSX Venture Exchange Inc. has in no way passed upon the merits of the
    proposed transaction and has neither approved nor disapproved the
    contents of this press release.


    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.
    





For further information:

For further information: GMV Minerals Inc., Ian Klassen, Director, Tel:
(604) 899-0106, www.gmvminerals.com, Email: klassen@gmvminerals.com

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GMV Minerals Inc.

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