GobiMin Inc. Announces Amended and Restated NI 43-101 Resource Estimate for the Sawayaerdun Gold Deposit

TSX-V: GMN

TORONTO, Jan. 20, 2016 /CNW/ - (TSXV: GMN) GobiMin Inc. (the "Company" or "GobiMin") announces that it has filed an amended and restated NI 43-101 technical report dated January 7, 2016 prepared by Bin Guo of Mining One Pty Ltd entitled "NI 43-101 Resources Estimation of the Sawayaerdun Gold Deposit" (the "Amended Report").

The Amended Report addresses comments provided by the Alberta Securities Commission, bringing a number of items into compliance with the requirements of NI 43-101.  The amendments comprised the inclusion of more detailed information on the 2014 Diamond Drilling program and corrections to headings and content of the historical resource tables.

The Amended Report does not change the mineral resource estimate contained in the original report dated April 2015 and announced by the Company in a news release dated April 16, 2015.

Mr. Bin Guo of Mining One Pty Ltd, a Qualified Person as defined by National Instrument 43-101, is responsible for the Sawayaerdun Gold Deposit resource estimation and has read and approved the technical information contained in this news release.

Certain statements contained in this press release constitute forward-looking information. Such statements are based on the current expectations of management of GobiMin. You are cautioned that such statements are subject to a multitude of risks and uncertainties that could cause actual results, future circumstances or events to differ materially from those projected in the forward-looking information. Forward looking information includes without limitation, statements regarding the size and quality of the Company's mineral resources, progress in development of mineral properties, the prospective mineralization of the properties, and planned exploration programs. The reader should not place undue reliance on the forward-looking information included in this press release given that (i) actual results could differ materially from a conclusion, forecast or projection in the forward-looking information, and (ii) certain material factors or assumptions were applied in drawing a conclusion or making a forecast or projection as reflected in the forward-looking information could prove to be inaccurate. These statements speak only as of the date they are made, and GobiMin assumes no obligation to revise such statements as a result of any event, circumstance or otherwise, except in accordance with law.

"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."

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SOURCE GobiMin Inc.

Felipe Tan, Chief Executive Officer, Tel: [phone], Email: [email protected]