GTA Resources and Mining Inc. Announces Exclusion of Time Order from Ministry

GTA Resources and Mining Inc. Announces Exclusion of Time Order from Ministry

GTA Resources and Mining Inc. is pleased to announce that it has received an Exclusion of Time from the Ministry of Northern Development, Mines and Forestry with respect to eighteen of its mining claims in connection with its Auden Property in northern Ontario.

The due date by which assessment work must be filed for the eighteen mining claims has been extended from February 28, 2011 to February 28, 2012.

Information for Investors

This press release may include statements about expected future events and/or financial results that are forward-looking in nature and subject to risks and uncertainties. GTA cautions that actual performance will be affected by a number of factors, many of which are beyond its control. Future events and results may vary substantially from what GTA currently foresees. Discussion of the various factors that may affect future results is contained in GTA’s recent filings, available on SEDAR.

“Completion of the transaction is subject to a number of conditions, including but not limited to, Exchange acceptance and if applicable pursuant to Exchange Requirements, majority of the minority shareholder approval. Where applicable, the transaction cannot close until the required shareholder approval is obtained. There can be no assurance that the transaction will be completed as proposed or at all.

Investors are cautioned that, except as disclosed in the management information circular or filing statement to be prepared in connection with the transaction, any information released or received with respect to the transaction may not be accurate or complete and should not be relied upon. Trading in the securities of a capital pool company should be considered highly speculative.”

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