GMV MINERALS INC. ANNOUNCES EXPLORATION PROGRAM

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

VANCOUVER, Sept. 1 /CNW/ - GMV Minerals Inc. (the "Company" or "GMV") (TSX-V:GMV) is pleased to announce that since completing its equity financing it has set in motion a variety of organizational/geological steps in Guyana, South America.

An independent National Instrument 43-101 - Standards of Disclosure for Mineral Projects ("NI 43-101") report entitled "Geological Report and Summary of Field Examination, Alphonso Property, Barima-Waini Administrative Region Number 1, Cuyni-Mazruni Administrative Region Number 7, Republic of Guyana" dated July 15, 2010 and authored by R.A. Lunceford, M.Sc., CPG (the "Report"), has been filed today on SEDAR by GMV. The Report confirms that the Alphonso claims optioned by GMV encompass 454 medium and 2 large scale prospecting licenses totaling 484,227 acres or 775 Sq. Miles. Alluvial gold mining operations currently being conducted by Alfro Alphonso & Sons Mining from various camps on the Alphonso property recently generated gold production ranging from 60,000 to 75,000 gold ounces per year. The gold-bearing gravels presently being exploited suggest that mineralized bedrock and saprolite is proximal.

Other indications of gold mineralization are based on geochemical sampling by the Guyana Geological Mines Commission and junior and senior mining companies previously active in the region. Regional magnetic and mineral occurrence data also suggest that the permits are located along prospective structures. The extent and significance of the gold bearing gravel now being worked, and other regional data represents initial information that will be used to develop refined geological parameters for focused exploration of the Alphonso claims. The information available for the Alphonso property is not sufficient at this point to undertake estimation of a resource compliant with NI 43-101 standards.

The Company's "in-country" activities will be overseen by Douglas A. Perkins, VP Exploration. Starting immediately, the Company intends to commence field operations which will include; wide spaced auger sampling of prioritized known gold producing areas, sample program on many ongoing alluvial operations, initiate airborne geophysical program, commence ground geophysical targets and prepare for diamond drilling.

    
    Qualified Person
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The technical information disclosed in this press release has been reviewed, verified and compiled by R.A. Lunceford, who is independent of Company and a "qualified person" (as such term is defined in NI 43-101).

    
    About GMV Minerals Inc.
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GMV Minerals Inc. is a junior exploration company focused on the discovery of gold assets in Guyana, South America. The Company is fully financed to conduct a variety of advanced exploration methods during 2010 as more particularly described in the Report to add value for its shareholders.

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release or has in any way passed upon the merits of the Acquisition and has neither approved nor disproved the contents of this press release.

Forward-Looking Information: This news release contains forward-looking information. All statements, other than statements of historical fact, that address activities, events or developments that GMV believes, expects or anticipates will or may occur in the future (including, without limitation, potential mineralization and the Company's exploration plan with respect to the Alphonso property) are forward-looking information. This forward-looking information reflects the current expectations or beliefs of the Company based on information currently available to the Company. Forward-looking information is subject to a number of risks and uncertainties that may cause the actual results of the Company to differ materially from those discussed in the forward-looking information, and even if such actual results are realized or substantially realized, there can be no assurance that they will have the expected consequences to, or effects on the Company. Factors that could cause actual results or events to differ materially from current expectations include, among other things, risks related to the exploration stage of the Company's properties, the possibility that future exploration results will not be consistent with the Company's expectations, changes in world gold markets and equity markets, political developments in Guyana, uncertainties relating to the availability and costs of financing needed in the future, the uncertainties involved in interpreting exploration results and other geological data and the other risks involved in the mineral exploration business. Forward-looking information speaks only as of the date on which it is provided and, except as may be required by applicable securities laws, the Company disclaims any intent or obligation to update any forward-looking information, whether as a result of new information, future events or results or otherwise. Although the Company believes that the assumptions inherent in the forward-looking information are reasonable, forward-looking information is not a guarantee of future performance and accordingly undue reliance should not be put on such information due to the inherent uncertainty therein.

For further information: GMV Minerals Inc., Ian Klassen, Tel: [phone], www.gmvminerals.com, Email: [email protected]