No Share Exchange Agreement

GMR Global Mineral Resources Corp. - New Board of Directors

                   GMR Global Mineral Resources Corp. - GMR                    

                            "GMR" or "the Company"                             

                No Share Exchange Agreement with GMR Singapore                 

                              12th December, 2014                              

FOR IMMEDIATE RELEASE

TORONTO, ONTARIO - (December 12, 2014) GMR Global Mineral Resources Corp. (GXG
Markets: GMR) (the "Company") As per the continued due diligence conducted by
the directors of GMR Global Mineral Resources Corp. (GMR), it has been
determined that the shareholders of GMR would be adversely affected by the
implementation of the proposed share exchange agreement with GMR Singapore;
referenced in the Company's press release dated September 17th 2014.

Upon the implementation of the share exchange agreement, the shareholders of
GMR would be required to pay a very large capital gains tax on every share
exchanged. It has been concluded that the implementation of the proposed share
exchange agreement would not in the best interest of GMR's shareholders.
Therefore, GMR will not participate in the share exchange agreement with GMR
Singapore.

The Directors of the Company accept responsibility for this announcement

Further Enquiries:

GMR Global Mineral Resources Corp.
Dr. Klaus Wagner-Bartak, President
416 367-0006 866 209-0451
[e-mail]

About GMR Global Mineral Resources Corp.

GMR Global Mineral Resources Corp. (GXG Markets: GMR) is a Canadian-based
resource company that primarily focuses on past-producing gold and silver
mining properties that were not fully exploited due to old technology or weak
precious metal prices. For additional information on the Company and its
properties, please visit www.globalmineralresources.com.

CAUTIONARY STATEMENT ON FORWARD-LOOKING INFORMATION

Certain statements above constitute forward-looking statements with respect to
GMR Global Mineral Resources Corp. and affiliated companies. Such
forward-looking statements involve known and unknown risks, uncertainties and
other factors that may cause the actual results, performance or achievements of
the companies to be materially different from any further results, performance
or achievements expressed or implied by such forward-looking statements.