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GMV Minerals to Scale Back Guyana Activities

GMV Minerals Inc. (GMV.V) today announced that, after a thorough review of its 2012 Guyana exploration program, it will significantly scale back its exploration activities in Guyana for the remainder of 2013. GMV will retain its option to earn a 100% interest in select land packages including 1 large prospecting licence and 97 medium scale licences.

GMV currently has working capital in excess of $1.6 million in cash and liquid securities, and no debt. Certain assets related to surplus exploration operations that are no longer required are being sold. The proceeds from any such sales will be added to the Company's working capital.

GMV is actively searching for a value added resource based acquisition and to that end, the Company has established a technical committee to review advanced opportunities that better suit the investment of company resources.

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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