James Richardson & Sons, Limited

GMP Capital Inc.

WINNIPEG, July 10, 2012 /CNW/ - James Richardson & Sons, Limited ("JRSL") announces that it has acquired, through market purchases, 1,338,400 common shares of GMP Capital Inc. ("GMP") since December 2, 2011, the date it last issued an Early Warning press release.

JRSL, together with its subsidiary, Richardson Financial Group Limited ("RFG"), now owns 13,548,982 common shares of GMP, representing 19.35% of the issued and outstanding common shares of GMP, as well as warrants to acquire an additional 4,231,593 common shares which, if exercised, would result in JRSL and RFG owning 23.94% of the then outstanding common shares.

JRSL's interest in GMP is for investment purposes only. Other than RFG, JRSL does not act jointly or in concert with any person or company in respect of ownership of securities of GMP. JRSL reserves the right to purchase additional securities of GMP as market opportunities exist or develop.

The contents of this news release and its distribution have been approved by Michael E. Guttormson, Vice President and General Counsel of JRSL.

GMP common shares are listed for trading on the TSX under the symbol "GMP".

About James Richardson & Sons, Limited

James Richardson & Sons, Limited, established in 1857, is a privately-owned Canadian corporation.  Headquartered in Winnipeg, the Firm is involved in the international grain trade and agri-foods business, energy, financial services, real estate and investments. www.jrsl.ca.

SOURCE James Richardson

For further information:

Michael E. Guttormson, Vice President and General Counsel of James Richardson & Sons, Limited., 30th Floor, One Lombard Place, Winnipeg, Manitoba, R3B 0Y1, telephone: (204) 953-7952.

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James Richardson & Sons, Limited

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