GMV Minerals Inc. Options RHG Project



    VANCOUVER, Sept. 29 /CNW/ - GMV Minerals Inc. (TSX.V: "GMV") ("the
Company" or "GMV") has agreed to an option assignment for up to 75% of the RHG
copper-gold exploration project from Georgia Ventures Corp., ("Georgia") a
private resource exploration company. Georgia had the option with Metalquest
Minerals Inc. but is not committed to pursuing other exploration projects.
    The 11,000 Hectare RHG project is located in the Stikine region, Liard
Mining Division, northwestern British Columbia. It is located approximately
35km west of Telegraph Creek in the Liard mining division. The mine access
road to the former producing Muddy Lake gold property comes within 7km of the
property's northern boundary.
    Previous exploration on the property discovered both high grade copper
and gold skarn as well as porphyry copper-gold type mineralization in 2
separate locations.
    In 2005, 3D I.P. ground geophysical surveys resulted in high order
chargeability anomalies over an area of 2500 metres by 750 meters covering a
portion of one target. A coincident soil geochemical survey also showed
elevated copper values throughout the grid area.
    GMV will test by drilling the priority copper-gold skarn showing as well
as I.P. chargeability anomalies in late September. Additional drilling will be
considered as results and weather permit as up to 17 drill locations have been
approved by the British Columbia Ministry of Energy and Mines. Further
information regarding drill target locations and anomalous zones will be
provided within a few days.
    Under the terms of the agreement, GMV Minerals Inc. has an option to earn
up to 65% of the RHG property subject to the following terms and conditions:

    
    -------------------------------------------------------------------------
    Date                Shares         Cash Payments         Expenditures
    -------------------------------------------------------------------------
    On signing          Nil            $25,000 (paid as      Nil
                                       the Deposit)
    -------------------------------------------------------------------------
    Within six months   250,000        Nil                   $300,000
     of the date of
     signing this
     Agreement
    -------------------------------------------------------------------------
    Within 15 days      Nil            $25,000               Nil
     of the Approval                    (additional)
     Date
    -------------------------------------------------------------------------
    On or before the    250,000        $75,000               $700,000
     first anniversary   (additional)   (additional)           (additional)
     of the Approval
     Date
    -------------------------------------------------------------------------
    On or before the    250,000        $100,000              $1,000,000
     second anniversary  (additional)   (additional)           (additional)
     of the Approval
     Date
    -------------------------------------------------------------------------
    On or before the    250,000        $150,000              $1,500,000
     third anniversary   (additional)   (additional)          (additional)
     of the Approval
     Date
    -------------------------------------------------------------------------
    Totals:             1,000,000      $375,000              $3,500,000
    -------------------------------------------------------------------------

    GMV Minerals Inc. also has a right to acquire an additional 10% interest
in the RHG project (to 75%) by financing and paying for all expenditures in
relation to the preparation and delivery of an RHG Feasibility Report.

    The above is subject to TSX Venture Exchange approval.

    About GMV Minerals Inc.
    -----------------------
    GMV Minerals Inc. is a junior exploration company focused primarily on
gold exploration in central British Columbia. The Company is currently active
on its 100% owned Nechako and Alexis Creek claims where it has identified
several geophysical anomalies located at depth which show the characteristics
of an epithermal style mineralized body.

    ON BEHALF OF THE BOARD OF DIRECTORS

    -----------------------------------
    Alistair MacLennan, President
    

    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.

    
    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
    





For further information:

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

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GMV Minerals Inc.

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