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World-Class Gold Mines Seeking Collective Merger or Acquisition for Cash and Stock





November 19, 2019 - TheNewswire - Vancouver, BC - Three world-class private gold and silver mining companies (North American Gold & Silver Mining Ltd., GMR Global Mineral Resources Corp., and Great Canadian Mining Company Ltd.) with collective ownership of over fifty past-producing gold and silver mining properties, with 43-101 Technical Reports stating the highest grades of gold in North America, including the "A25, Hiller 25, Zeb 1-12, Whitedome", with two 43-101 Technical Reports reporting gold values from 15.5 grams up to 310 grams (10 oz.) per tonne gold over 2 meters, and an approved Mines Act Permit (MX-8-273) to conduct 4,000m of diamond drilling, are seeking a collective acquisition for cash and stock from either:

  1. a)An experienced financial group with a public vehicle to take the private company public, or;

  1. b)A financially strong public mining group who will continue exploration and drilling programs to upgrade the reported gold tonnage of each gold mine

The first company; North American Gold & Silver Mining Ltd., is a private gold mining and exploration company with 11 wholly-owned mineral mining claims, each with past-producing high-grade gold mines reported within each mineral mining claim, including the "A25, Hiller 25, Zeb 1-12, Whitedome", with two 43-101 Technical Reports reporting gold from 15.5 grams up to 310 grams 10 oz.) per tonne over 2 meters, and an approved Mines Act Permit (MX-8-273) to conduct 4,000m of diamond drilling.

The second company; GMR Global Mineral Resources Corp., is also a private gold mining and exploration company, also with 11 wholly-owned mineral mining claims, each with past-producing high-grade gold mines reported within each mineral mining claim, including the "Red Elephant" Gold Property, with a 43-101 Technical Report and historical reports quoting an indicated resource of 26,463 tonnes grading 40.8 grams (1.3 oz.) per tonne gold. It is reported that the material is located outside of the Red Elephant's adit. Like North American's A25, Hiller 25, Zeb 1-12, Whitedome; the Red Elephant also has an approved Mines Act Permit (MX-5-90) to conduct 4,000m of diamond drilling.

The third company; Great Canadian Mining Company Ltd., also a private gold mining and exploration company, with 22 wholly-owned mineral mining claims, each with reported past-producing high-grade gold mines reported within each mineral mining claim.

About North American's A25, HILLER 25, ZEB 1-12, WHITEDOME:

Previously owned by Falconbridge Limited, but never taken to production, the "A25, Hiller 25, Zeb 1-12, Whitedome" is comprised of an area totalling approximately 1,000 hectares and is located in British Columbia, Canada, on Vancouver Island, approximately 15 km northwest of the Village of Zeballos.

DRILL HOLE NUMBER

FROM

(m)

TO

(m)

WIDTH

(m)

GRAMS

PER TONNE

OUNCES

PER TONNE

H84-01

18.7

19.7

1.0

15.5

0.45

H84-07

53.6

54.7

1.1

39.2

1.14

H84-17

58.0

59.0

1.0

18.2

0.53

H84-20

23.0

24.0

1.0

17.6

0.51

H85-24

15.0

16.0

1.0

210.0

6.12

16.0

17.0

1.0

409.5

11.93

H85-29

34.4

35.4

1.0

24.65

0.72

H85-30

13.0

14.0

1.0

87.0

2.54

Historical Values taken from Falconbridge Limited's Diamond Drill Core Assays

(1984/85) from 15.5 grams up to 310 grams (10 oz.) per tonne Gold over 2m.

Falconbridge Limited Mineral Exploration Highlights

Falconbridge Limited explored the Mineral Claims over a 25 year period, initially for iron skarns and later for gold.

In 1984, a band consisting of 9 separate gold/magnetite-rich occurrences was found. The occurrences extend from the "A25, Hiller 25, Zeb 1-12, Whitedome" southeast for about 8 kilometers to the Zeballos area.

Later that year, Falconbridge Limited conducted further mineral exploration work consisting of:

- 5.7 line-Km of grid cut and chained

- 9 Ha geological mapping at 1:500

- 3 Ha geological mapping at 1:2,500

- 4.5 Km of ground magnetometer lines

- 140 rock chip samples assayed

- 6 meters of trenching blasted and mucked out

- 1,531.58 meters (5,023.58ft) of BQ diamond drilling in 22 hole

From 15.5 grams up to 310 grams (10 oz.) per tonne Gold over 2m

In 1985, the property was trenched and mapped. 10 fill-in diamond drill holes were completed totalling 957 meters (3,138.96ft). Falconbridge Limited stated the best intersection was from drill hole number H85-24, which returned 310 grams (10 oz.) per tonne gold over 2m.

Falconbridge Limited reported:

Of the 32 diamond drill holes completed to date, 16 intersected gold mineralization. Of those 16 holes, 7 holes returned gold values from core samples ranging from 15.5 grams up to 310 grams per tonne gold over 2 meters.

Footwall Exploration Highlights

In 1987, Falconbridge Limited, optioned the property to Footwall Explorations Limited., who commenced an underground program in 1988.

The Directors of Footwall Explorations reported that their underground exploration and evaluation program consisting of drifting and raising to one of several high-grade diamond drill hole intersections confirmed previous high grade gold values from diamond drill hole H85-24.

Sludge samples (drill cuttings) from the west side of the raise approximately 41-49 feet below the surface returned the following impressive values:

Sludge Samples Approx.

41-49 feet Below Surface

Reported Values;

Gold Ounces Per Tonne

From 0 ft. to 4 ft.

22.58 oz Gold per tonne

From 4 ft. to 8 ft.

10.38 oz Gold per tonne

Total Average

16.58 oz Gold per tonne

Historical Values from Footwall Exploration's Core Samples (1988)

Muck samples from the zone returned values of 6.630 ounces of gold per tonne.

1989 Gold Prices; $400 USD per ounce

Although the property was owned by Falconbridge until 2005, the property was never taken into production. Falconbridge terminated their exploration program in 1989, likely due to the low average gold price of $400 USD per ounce.

2006 National Instrument 43-101 Technical Report

After its acquisition in 2005, a National Instrument 43-101 Technical Report on the "A25, Hiller 25, Zeb 1-12, Whitedome" was written in 2006.

"With the mineralized zones, existing exploration data, good road access, and good exploration potential, the author believes the A25 Gold Project is a worthy mineral exploration target."

- Brian Simmons, P. Eng., Report on the A25 Gold Project (2006)

2012 National Instrument 43-101 Technical Reports

A second National Instrument 43-101 Technical Report on the "A25, Hiller 25, Zeb 1-12, Whitedome" was written in 2012.

"It is the author's professional opinion that this is a property of merit. Historical exploration has demonstrated the potential for gold and possibly copper mineralization. The magnetite may also have potential to be used in coal washing plants in British Columbia. The 2011 exploration program was successful in defining areas of coincident gold-copper values."

-Stephen B. Butrenchuk, P. Geol., P. Geo., 43-101 Technical Report on the A25 Property (2012)

Mr. Butrenchuk continues:

"It is therefore recommended that a program of diamond drilling be done on the A25 property to further define the potential of the A25 zone and to evaluate the potential of the Esperanza zone"

Approved Drilling and Exploration Permit

The British Columbia Ministry of Energy and Mines approved a permit to conduct further exploration and 4,000 meters of diamond drilling on the "A25, Hiller 25, Zeb 1-12, Whitedome": Mines Act Permit # MX-8-273

2020 - 2021 Phase One Exploration and Development Program on the A25 Gold Project

In 2020 and 2021, North American Gold and Silver Mining Ltd., will conduct a Phase 1 Exploration and Development Program inside and around the adit of the "A25, Hiller 25, Zeb 1-12, Whitedome", with the objective of opening the adit to locate and sample the 32 Falconbridge Drill Holes.

View BC MinFILE Reports for A25 Gold Project:

Additional Properties Owned by North American Gold & Silver Mining Ltd.:

ESPERANZA

Located 800 metres east of the A25 main zone, the highest value reported was 20.73 grams per tonne gold from soil and chip samples over a width of 30 metres and a strike length of 170 metres.

View BC MinFILE Reports for Esperanza:

THE PILLARS OF BOAZ GOLD PROJECT

Located southeast of the "A25, Hiller 25, Zeb 1-12, Whitedome" and Esperanza, the Pillars of Boaz Gold Project consists of four mines; White Star, Prident, Golden Peak and IXL.

WHITE STAR (Pillars of Boaz)

Total historical production averaged 5.5 ounces per tonne gold; from 1,293 tonnes include 220,987 grams (7,128 oz.) of gold, 92,531 grams of silver, 17,144 kilograms of lead, 1,563 kilograms of copper and 30 kilograms of zinc.

View BC MinFILE Reports for White Star (Pillars of Boaz):

PRIDENT (Pillars of Boaz)

Records show that historical production from 43 tonnes mined in 1939 averaged a grade of 128.7 grams (4 oz.) per tonne gold. Records also show indicated and inferred reserves situated on both the Prident and Privateer total 122,470 tonnes grading 17 grams per tonne gold.

View BC MinFILE Reports for Prident (Pillars of Boaz):

GOLDEN PEAK (Pillars of Boaz)

The highest of six samples taken from Vein #3 assayed values of up to 202.3 grams (6.5 oz.) per tonne gold. Values taken from a sample from a heavy sulphide section of the #1 Vein, assayed 493.8 grams (15.5 oz.) per tonne gold. Historical inventory from recorded production of three tonnes mined in 1934, produced 93 grams (3 oz.) of gold and 746 grams (24 oz.) of silver.

View BC MinFILE Reports for Golden Peak (Pillars of Boaz):

IXL (Pillars of Boaz)

Historical assays from sampling returned values ranging from 2 to 2,953 grams (95 oz.) per tonne gold, nil to 816 grams (26 oz.) per tonne silver.

View BC MinFILE Reports for IXL (Pillars of Boaz):

PRIVATEER

Adjacent to the Pillars of Boaz Gold Project, historical estimates from recorded production totaled 9465 kilograms of gold (305,322 oz.) and 4119 kilograms (132,870 oz.) of silver from 652,000 tonnes of ore. Records also show indicated and inferred reserves situated on both the Prident and Privateer total 122,470 tonnes grading 17 grams per tonne gold.

View BC MinFILE Reports for Privateer:

MAJOR

Recorded production in 1939 produced 93 grams (3 oz.) of gold from 1 tonne.

View BC MinFILE Reports for Major:

NOOTKA

A sample of oxidized material from the richest part of the vein assayed 13.7 grams per tonne gold.

View BC MinFILE Reports for Nootka:

LUCKY STRIKE

Assays between 2.7 and 113.8 grams (3.5 oz.) per tonne gold are reported.

View BC MinFILE Reports for Lucky Strike:

NORMA

A sample across about 90 centimetres of vein yielded 2,880.02 grams (92 oz.) per tonne silver.

View BC MinFILE Reports for Norma:

Additional details about each property are available on the company website:

http://www.northamericangoldsilver.com

About GMR's RED ELEPHANT:

The Red Elephant is over 1,000 hectares. It has a 43-101 Technical Report, a Road Use Permit and a permit to conduct 4,000m of underground diamond drilling; Mines Act Permit # MX-5-90. Historical reports quote an indicated resource of 26,463 tonnes grading 40.8 grams (1.3 oz.) per tonne gold. The material is reportedly located outside of the Red Elephant's portal.

Historical Exploration, Development and Drilling Highlights on the Red Elephant

In 1983 Bannockburn Resources Ltd. completed a program of prospecting, mapping and sampling and in 1984, reported a new discovery, comprised of a 1 to 2 metre-wide band of "siliceous oxide material" traced on strike for 130 metres. Locally, the band displays a honeycomb texture. It had produced assays of up to 43.2 grams (1.4 oz.) per tonne gold. The band is sub parallel to and approximately 100m south of, the main vein. At that time, it was reported to have produced assays of between 12.3 and 61.7 grams (2 oz.) per tonne gold over 0.1 metre.

In 1987, Mikado Resources reported that it had found a new zone that yielded chip samples that assayed 11.66, 34.01, 3.12, 5.18 and 9.50 grams per tonne gold over widths of 0.91 to 1.52 metres. This may be the same zone that was discovered earlier by Bannockburn Resources Ltd. The following year Roper Resources Limited quoted a historical, non-compliant resource of 26,463 tonnes grading 40.8 grams (1.3 oz.) per tonne gold.

In 1988, exploration in the area surrounding the Red Elephant property led to the discovery of the portal to the upper adit and in 1989, Roper Resources completed a 15,244 foot drilling program on the property. This program indicated the presence of two north-south trending mineralized zones containing a possible 13,800 tons of material grading an estimated 0.245 troy ounces per ton gold over a thickness of 18 feet

In 1989, Roper Resources Ltd., drilled 15,244 feet in 69 holes (NQ) from 7 sites. The best intersection encountered was 2.38 ounces per tonne gold over 5 feet of core in DDH RE89-8 (17-22 feet).

2011 Exploration Program

In 2011, GMR completed an exploration program consisting of the rehabilitation of 24km of access road leading to the property as-well-as the re-sampling of the Red Elephant mineralized gold zone. Results of the sampling program confirmed and verified historical surface sampling results; five of the eight samples collected from the Red Elephant averaged 20,417 ppb Au.

43-101 Technical Report

After the successful completion of the exploration program, an Assessment Report (32541) was filed with the BC Ministry of Energy, Mines and Petroleum Resources followed by the filing of a 43-101 Technical Report.

"The Red Elephant property has a historical estimate and is a property of merit. This resource requires additional exploration and definition. It is therefore recommended that a program of diamond drilling be done on the property."

-Stephen B. Butrenchuk, P. Geo., P. Geol., NI 43-101 Technical Report on the Red Elephant Property

2013 Exploration and Sampling Results: 22.6 g/t au

In 2013, GMR announced that it had received analysis results from ACME Analytical Laboratories (Vancouver) Ltd. for the twelve rock samples recovered during the summer 2013 exploration and sampling program completed on the Red Elephant property. The results from the twelve rock samples average 22.6 grams per tonne gold:

Sample#

Au-PPB

Au-G/T

2590003

8,417

8.417

2590004

25,400

25.400

2590005

46,113

46.113

2590006

9,788

9.788

2590007

1,779

1.779

2590008

63,980

63.980

2590009

3,093

3.093

2590010

4,804

4.804

2590011

69,595

69.595

2590012

5,163

5.163

2590013

1,336

1.336

2590014

30,080

30.080

TOTAL AVERAGE FROM 12 SAMPLES

= 22.6 GRAMS PER TONNE GOLD

4,000m Drilling and Exploration Permit

The British Columbia Ministry of Energy and Mines approved a permit for GMR to conduct further exploration and 4,000 meters of diamond drilling on the Red Elephant: Mines Act Permit # MX-5-90

2020 - 2021 Phase One Exploration and Development Program on the Red Elephant

In 2020, GMR will conduct a Phase 1 Exploration and Development Program inside and around the adit (portal) of the Red Elephant.

View BC MinFILE Reports for Red Elephant:

KING MIDAS GOLD PROPERTIES

NORTH FORK (King Midas)

In 1950, historical estimates from samples taken over 10 centimetres, 4 metres from the face of the Main adit assayed approximately 217.4 grams (7 oz.) per tonne gold.

View BC MinFILE Reports for North Fork:

KING MIDAS NO. 1 VEIN (King Midas)

In 1932, historical estimates from samples carrying about 50 percent quartz, sphalerite, pyrite and some chalcopyrite, galena and pyr-rhotite, assayed approx. 97.38 grams (3 oz.) per tonne gold. In 1940, one tonne of high grade ore produced 156 grams (5 oz.) of gold and 10 kilograms of copper.

View BC MinFILE Reports for King Midas No. 1 Vein:

GOLDSPRING (King Midas)

In 1950, historical estimates from 3 samples assayed up to 13.72 grams per tonne gold.

View BC MinFILE Reports for Goldspring:

KING MIDAS LYNCH (King Midas)

In 1938, historical estimates from a sample assayed 63.09 grams (2 oz.) per tonne of gold.

View BC MinFILE Reports for King Midas Lynch:

ADDITIONAL GOLD PROPERTIES

BUSHY CREEK

In 1987, a channel sample over 1.5 metres from a vein assayed a historical estimate of 21.97 grams per tonne gold.

View BC MinFILE Reports for Bushy Creek:

BRITANNIA DYKE

In 1983, the highest sample returned a historical estimate of 10.32 grams per tonne gold.

View BC MinFILE Reports for Britannia Dyke:

SILVER PROPERTIES

OTTAWA

From 1903 to 1984, total recorded production yielded a historical estimate of 1,798,535 ounces of silver, from 26,476 tonnes mined.

View BC MinFILE Reports for Ottawa:

ENTERPRISE

From 1896 to 1977, total recorded production yielded a historical estimate of 1,050,581 ounces of silver, from 11,067 tonnes mined.

View BC MinFILE Reports for Enterprise:

THE RED AND THE FIR SILVER PROPERTIES

THE RED

In 1988, historical estimates from a 1.5 metre chip sample returned 1,498.4 grams (48 oz.) per tonne silver.

View BC MinFILE Reports for The Red:

THE FIR

In 1976, a 5.0 centimetre wide vein gave historical estimates of 44.25 per cent lead and 2,976 grams (96 oz.) per tonne silver.

View BC MinFILE Reports for The Fir:

Additional details about each property are available on the company website:

http://www.globalmineralresources.com

BALTIC NO. 1

- Between 1934 and 1938, 130 tonnes of sorted ore yielded 5,567 grams (179 oz.) of gold.

View BC MinFILE Reports for Baltic No. 1:

- Summary Detail Report

- Inventory Detail Report

- Production Detail Report

ANNA

- Records show the total ore shipped amounted to 177 tonnes, averaging 5,153 (165 oz.) grams per tonne silver.

View BC MinFILE Reports for Anna:

- Summary Detail Report

- Production Detail Report

GOLDEN HORN

- Recorded production between 1941 and 1942, from 3,249 tonnes, included historical estimates of 46,374 grams (1,491 oz.) of gold and, 108,705 grams (3,495 oz.) of silver.

View BC MinFILE Reports for Golden Horn:

- Summary Detail Report

- Inventory Detail Report

- Production Detail Report

HOWARD

- Records show between 1937 and 1970 the Howard mine produced 20,091 tonnes of ore, of which 19,216 tonnes were mined in 1938. Recovery of elements from all ore mined, totalled 212,121 grams (6,820 oz.) of gold, 1,613,871 grams (51,892 oz.) of silver, 1,059,009 kilograms of lead, 343,307 kilograms of zinc and 68 kilograms of cadmium.

View BC MinFILE Reports for Howard:

- Summary Detail Report

- Production Detail Report

LONE STAR

- Production between 1938 and 1941 yielded 143 kilograms (4,598 oz.) of gold from 6,779 tonnes.

View BC MinFILE Reports for Lone Star:

- Summary Detail Report

- Inventory Detail Report

- Production Detail Report

MOUNT ZEBALLOS

- It is reported that from 74,268 tonnes, the average grade for mined ore was 12.67 grams per tonne gold.

View BC MinFILE Reports for Mount Zeballos:

- Summary Detail Report

- Inventory Detail Report

- Production Detail Report

RIMY 1-8

- Records show that 17.2 tonnes of development ore yielded 1,369 grams (44 oz.) of gold and 1,586 grams (51 oz.) of silver.

View BC MinFILE Reports for Rimy 1-8:

- Summary Detail Report

- Inventory Detail Report

- Production Detail Report

ROPER

- Recorded production camp totals 9,465 kilograms (304,340 oz.) of gold and 4,119 kilograms (132,443 oz.) of silver from 652,000 tonnes of ore mined.

View BC MinFILE Reports for Roper:

- Summary Detail Report

- Inventory Detail Report

RUBY

- Records show that samples from one vein, up to 6 metres wide, returned values up to 171.4 grams (5.5 oz.) per tonne gold.

View BC MinFILE Reports for Ruby:

- Summary Detail Report

- Inventory Detail Report

SPOTTED HORSE

- Records show that production from 1901, 1903 and 1937 totalled 47 tonnes which produced 1,649 grams (53 oz.) of gold and 2,083 grams (67 oz.) of silver.

View BC MinFILE Reports for Spotted Horse:

- Summary Detail Report

- Production Detail Report

TAMARAC

- Records show proven, probable and possible reserves estimated at 630,000 tonnes grading 3.5 grams per tonne gold.

View BC MinFILE Reports for Tamarac:

- Summary Detail Report

- Inventory Detail Report

- Production Detail Report

CENTRAL ZEBALLOS

- Intermittent mining produced 37,789 tonnes of milling ore with an average historical estimate of 16.85 grams per tonne gold.

View BC MinFILE Reports for Central Zeballos:

- Summary Detail Report

- Inventory Detail Report

- Production Detail Report

EXCELDA

- A chip sample assayed values up to 100 grams (3.2 oz.) per tonne gold and 2,571 grams (82.5 oz.) per tonne silver.

View BC MinFILE Reports for Excelda:

- Summary Detail Report

GOOD HOPE

- Mineralized grab samples returned an assay of up to 94 grams (3 oz.) per tonne gold.

View BC MinFILE Reports for Good Hope:

- Summary Detail Report

- Inventory Detail Report

- Production Detail Report

PORTO RICO

- Samples returned values from 11.65 up to 24.34 grams per tonne gold.

View BC MinFILE Reports for Porto Rico:

- Summary Detail Report

- Production Detail Report

ERNA

- A sample across 90 centimeters of vein returned values up to 2,897.17 (93 oz.) grams per tonne silver.

View BC MinFILE Reports for Erna:

- Summary Detail Report

- Inventory Detail Report

MOBILE (SILVER BELLE)

- Production for 1930 and 1949 totalled an inventory of 12 tonnes with an average grade of 8,247 grams (265 oz.) per tonne silver.

View BC MinFILE Reports for Mobile:

- Summary Detail Report

- Inventory Detail Report

- Production Detail Report

MOHAWK (RAINBOWHAWK)

- Records show that production between 1918 and 1921 yielded 109,515 grams (3,521 oz.) of silver from an inventory of 21 tonnes.

View BC MinFILE Reports for Mohawk:

- Summary Detail Report

- Production Detail Report

MOTHER LODE

- Records show that total production yielded 15,303 grams (492 oz.) of silver from an inventory of 3 tonnes.

View BC MinFILE Reports for Mother Lode:

- Summary Detail Report

- Production Detail Report

RAINBOW (RAINBOWHAWK)

- Records show production from 1924 and 1926 yielded 17,200 grams (553 oz.) of silver from 6 tonnes of ore.

View BC MinFILE Reports for Rainbow:

- Summary Detail Report

- Production Detail Report

ALICE

- In 1915, an inventory of 14.5 tonnes of ore returned values up to 2,835 grams (91 oz.) per tonne silver.

View BC MinFILE Reports for Alice:

- Summary Detail Report

- Inventory Report

ALEXANDER

- Records show the Average assay from samples was 48.5% iron.

View BC MinFILE Reports for Alexander:

- Summary Detail Report

- Inventory Detail Report

ELKHORN

- Reported reserves are from 3.3 up to 4.0 million tonnes with a grade averaging greater than 80 per cent gypsum.

View BC MinFILE Reports for Elkhorn:

- Summary Detail Report

- Inventory Detail Report

- Production Detail Report

Additional details about each property are available on the company website:

http://www.greatcanadianmining.com

About North American Gold & Silver Mining Ltd.

North American Gold and Silver Mining Ltd. is led by talented professionals with significant exploration, engineering, project finance, and permitting experience. The company is focused on exploring and developing its properties including the "A25, Hiller 25, Zeb 1-12, Whitedome", located on Vancouver Island B.C., 15 km northwest of the Village of Zeballos. Records show that, of the 32 diamond drill holes completed to date, 16 intersected gold mineralization and of those, 7 diamond drill holes returned assays from core samples ranging from 15.5 grams to 310 grams per tonne gold.

The British Columbia Ministry of Energy and Mines approved a permit to conduct further exploration and 4,000 meters (13,120ft) of diamond drilling on the "A25, Hiller 25, Zeb 1-12, Whitedome": Mines Act Permit # MX-8-273.

About GMR Global Mineral Resources Corp.

The company is a late stage gold and silver mining company; conducting exploration and drilling programs on its properties in order to convert historical estimates into mineral resources and complete preliminary economic assessments to determine potential economic viability.

GMR's mineral claims are located in the Slocan Valley Mining District of southeastern British Columbia, the Zeballos Region of Vancouver Island, and in other regions of British Columbia, Canada.

These mineral claims were developed prior to the implementation of modern exploration and mining techniques, leaving significant opportunities for modern mining technology to recover potential mineral resources left behind from past mining and exploration activity conducted on GMR's mineral claims.

The British Columbia Ministry of Energy and Mines approved a permit to conduct further exploration and 4,000 meters (13,120ft) of diamond drilling on the Red Elephant: Mines Act Permit # MX-5-90.

About Great Canadian Mining Company Ltd.

With over 25 years management experience in the mining and exploration sector, Great Canadian Mining Company Ltd. is committed to the commercialization of inactive gold, silver and other precious mineral claims that may have been under exploited in the past.

These mineral claims were developed prior to the implementation of modern exploration and mining techniques, leaving significant opportunities for modern mining technology to recover potential mineral resources left behind from past mining and exploration activity.

Cautionary Note Concerning Forward-Looking Information

This press release contains forward-looking information. All statements, other than statements of historical fact, that address activities, events or developments that the Company believes, expects or anticipates will or may occur in the future (including, without limitation, statements regarding the closing of the Financing) are forward-looking information. This forward-looking information reflects the current expectations or beliefs of the Company based on information currently available to the Company. Forward-looking information is subject to a number of risks and uncertainties that may cause the actual results of the Company to differ materially from those discussed in the forward-looking information, and even if such actual results are realized or substantially realized, there can be no assurance that they will have the expected consequences to, or effects on the Company. Forward-looking information speaks only as of the date on which it is provided and, the Company disclaims any intent or obligation to update any forward-looking information, whether as a result of new information, future events or results or otherwise. Although the Company believes that the assumptions inherent in the forward-looking information are reasonable, forward-looking information is not a guarantee of future performance and accordingly undue reliance should not be put on such information due to the inherent uncertainty therein.


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For more information, please contact:

A. Amar, Director

On behalf of the Boards of Directors of:

North American Gold & Silver Mining Ltd., and;

GMR Global Mineral Resources Corp., and;

Great Canadian Mining Company Ltd.

715 West 68th Avenue Vancouver,

British Columbia


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V6P 2T8 Canada

Toronto: 416-971-6422

Vancouver: 604-909-2466

Direct: 647-588-4367

Email: info@northamericangoldsilver.com