GobiMin Inc. (TSXV:GMN) announces a share repurchase program. Under the bid, GobiMin will repurchase up to 2,900,149 shares, representing 5% of its outstanding shares. Repurchases will be made at the prevailing market price.

The purpose of the plan is to enhance the shareholders' value and to maximize the interests of the company. The bid is subject to approval from TSX Venture Exchange. The repurchases will be made in accordance with applicable regulations.

The bid will continue for a period of 12 months and will end on January 31, 2015.