1500 - 701 West Georgia Street, Vancouver, BC V7Y 1C6
Telephone: (604) 569?0721 Fax: (604) 569?1617
NEWS RELEASE CLAIM AGAINST GB MINERALS LTD.'S SUBSIDIARY January 7, 2014 - Vancouver, British Columbia: GB Minerals Ltd. (the "Company") (TSX?V: GBL) announces that a lawsuit has been filed against the Company's wholly owned subsidiary, GB
Minerals Holdings Limited, in the High Court of Justice Queen's Bench Division in London, England for unpaid professional fees of GBP 594,019.19 plus interest and costs payable for consultancy services (the "Services") provided to GB Minerals Holdings Limited by GBM Minerals Engineering Consultants Limited.
The Services were provided under the terms of an agreement originally dated January 18, 2010 known as the Feasibility Study Agreement.
The Company intends to defend the claim.
The Company is a Canadian mining exploration and development company focused on advancing its
Farim Phosphate Project in Guinea?Bissau, West Africa.
The Company's shares are listed on the TSX Venture Exchange under the trading symbol "GBL".
For additional information, please visit us at www.gbminerals.com.
Owen Ryan
Executive Chairman, Director, President and Chief Executive Officer
Owen Ryan
Executive Chairman, Director
Interim President and Interim Chief Executive Officer
Telephone: (604) 569?0721
E?mail: oryan@gbminerals.com
Angel Law
Chief Financial Officer and Corporate Secretary
Telephone: (604) 569-0721
Email: alaw@gbminerals.com
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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