GobiMin Inc. (TSXV:GMN) filed a Notice of Intention to commence a normal course issuer bid on January 16, 2013. Under the bid, GobiMin will repurchase up to 2,973,324 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 commence on February 1, 2013 and will end on January 31, 2014. Desjardins Securities Inc. acted as the broker to the company.