Golden Bridge Mining Corporation announces stock options grants, appointment of a director, and retains investor relations consultants

TORONTO, Oct. 12, 2012 /CNW/ -

STOCK OPTION GRANTS

Golden Bridge Mining Corporation ("Golden Bridge" or the "Corporation") (TSX-V: GBM), a company listed on the TSX Venture Exchange (the "Exchange"), hereby announces that it has granted an aggregate of 665,157 stock options to directors, officers and consultants. The stock options are exercisable into common shares at a price of $0.23 per common share for a term of five years from the date of grant and are subject to regulatory approval.

APPOINTMENT OF A NEW DIRECTOR

Golden Bridge is pleased to announce the appointment of Ms. Lan Wu as a director to the Board of Directors of the Corporation. Ms. Wu is an experienced financial investment professional with Redstar Financial Inc. Golden Bridge will grant stock options to Ms. Wu to purchase 64,619 common shares of the Company over a five year period, at an exercise price of $0.23 per share subject to regulatory approval.

APPOINTMENT OF INVESTOR RELATIONS CONSULTANTS

Golden Bridge is pleased to announce that it has retained the services of two independent investor relations consulting firms to strengthen its investor relations and communications to shareholders and investors, Cutler McCarthy Inc. ("Cutler McCarthy") and Sinocann Online Inc. ("Sinocann").

Cutler McCarthy, a privately-held Toronto, Ontario based company owned and operated by Ms. Wanda Cutler and Ms. Miranda McCarthy, provides marketing communications and investor relations services to specific publicly traded companies with a goal to increase shareholder value by creating investor relations programs that raise awareness among stockbrokers, analysts, portfolio managers, institutional and venture capital investors, individual investors, and the media. Cutler McCarthy has a proven track record and experience in marketing and investor relations. Cutler McCarthy will receive a fee of $2,500 per month for a period of 12 months totalling $30,000.  Golden Bridge will also grant stock options to Cutler McCarthy to purchase 64,619 common shares of the Company over a five year period, at an exercise price of $0.23 per share, subject to regulatory approval. The options will vest in equal parts quarterly over the 12 month period. Cutler McCarthy had no prior relationship or interest in the Golden Bridge.

Sinocann, a privately-held Toronto, Ontario based company owned and operated by Mr. Jeff Peng, provides marketing communications, broadcast media and business consulting services to private companies in Canada, to raise awareness, provide public communications, and provide corporate information through various media to individuals, investors and private companies. Sinocann has been in business for a number of years serving principally the Chinese community in Canada.  Sinocann will receive a fee of $500 per month for a period of 12 months totaling $6,000.  Golden Bridge will also grant stock options to purchase 30,000 common shares of the Company over a five year period, at an exercise price of $0.23 per share, subject to regulatory approval. The options will vest in equal parts quarterly over the 12 month period. Sinocann had no prior relationship or interest in Golden Bridge.

About Golden Bridge

Golden Bridge, formerly a capital pool company named Greater China Capital Inc., was incorporated under the laws of the Province of Ontario and is engaged in mineral exploration on mineral claims known as the Hébécourt Project in the Province of Québec.

READER ADVISORY

The TSX Venture Exchange Inc. has in no way passed upon the merits of the proposed transaction and has neither approved nor disapproved the contents of this press release.

Statements in this press release may contain forward-looking information. Any statements that are contained in this press release that are not statements of historical fact may be deemed to be forward looking statements. Forward-looking statements are often identified by terms such as "may", "should", "anticipate", "expects" and similar expressions. Forward-looking information in this press release includes terms and conditions of the qualifying transaction and associated transactions. The reader is cautioned that assumptions used in the preparation of any forward-looking information may prove to be incorrect. Events or circumstances may cause actual results to differ materially from those predicted, as a result of numerous known and unknown risks, uncertainties, and other factors, many of which are beyond the control of Greater China. The reader is cautioned not to place undue reliance on any forward-looking information. Such information, although considered reasonable by management at the time of preparation, may prove to be incorrect and actual results may differ materially from those anticipated. Forward-looking statements contained in this press release are expressly qualified by this cautionary statement.

The forward-looking statements contained in this press release are made as of the date of this press release, and Golden Bridge does not undertake any obligation to update publicly or to revise any of the included forward-looking statements, whether as a result of new information, future events or otherwise, except as expressly required by securities law.

THIS PRESS RELEASE, REQUIRED BY APPLICABLE CANADIAN LAWS, IS NOT FOR DISTRIBUTION TO U.S. NEWS SERVICES OR FOR DISSEMINATION IN THE UNITED STATES, AND DOES NOT CONSTITUTE AN OFFER TO SELL OR A SOLICITATION OF AN OFFER TO SELL ANY OF THE SECURITIES DESCRIBED HEREIN IN THE UNITED STATES.

ON BEHALF OF THE BOARD

"Charles Qin"

Charles Qin, Chief Executive Officer and Director

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

SOURCE: Golden Bridge Mining Corporation

Golden Bridge Mining Corporation
Charles Qin, Chief Executive Officer and Director
1020 Denison Street, Suite 200
Markham, Ontario, Canada
L3R 3W5

Telephone: [phone]
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