GBM Resources ASX Announcement/Media Release 7 January 2011
Positive Results from Shallow Drilling At Tiger T2 Prospect, Brightlands Copper‐Gold Project, North--West Queensland
Highlights: Results from a 12 hole shallow drilling program at T2 Prospect have upgraded the copper soil anomaly and confirms previous results of the Sub Audio Magnetic (SAM) survey that T2 Prospect has potential IOCG style mineralization. Drilling returned significant intersections*1 including: Hole BTD027 returned 52m @0.11% Cu (peak value 0.2% Cu) Hole BTD037 returned 37m @0.10% Hole BTD033 returned 24m@0.10% Cu ( peak value 0.3% Cu), 9 of the 12 holes recorded down‐hole intervals of approximately 0.1% Cu or greater. These are potential halo intercepts in an IOCG system. BTD027 and BTD037 are longest intersections*1 of copper mineralisation drilled in the Tiger area to date.

The closest holes to BTD027 along strike in the Tiger area are 400 metres north‐west and 900 metres south east. The results are in line with expectations of widespread copper mineralisation in the Tiger area, adjacent to the Rocklands Cu‐Co deposits in the Cloncurry District, NW Queensland. With this initial program upgrading the T2 Prospect, further planning will be developed during the wet season for the next stage which may include a combination of further bedrock drilling and deeper reverse circulation drilling to test the whole prospect area. Australian resources company GBM Resources Limited (ASX: GBZ) ("GBM" or "the Company") is pleased to advise that recently completed drilling at the Brightlands Cu Au Project in North‐West Queensland has yielded positive results from its shallow drill program and upgraded the T2 Prospect as a potential Iron Oxide Copper Gold (IOCG) system. The drilling program was designed to test the strongest section of the soil geochemical copper anomaly and also the continuation of the strong SAM conductivity anomaly as it trends under alluvial cover to the southeast. The program comprised a total of 12 widely spaced reverse circulation drill holes involving 773 metres of drilling.

Holes ranged from 50 to 80 metres deep and were inclined to the southwest at ‐80 degrees. These results significantly upgrade the soil anomaly and provide further confirmation of the widespread copper mineralisation in the Tiger area, adjacent to the Rocklands Cu‐Co deposits in the Cloncurry District of NW Queensland. Soil sampling on the T2 Prospect has defined large areas of anomalous copper in soil with a clearly anomalous area identified coincident with the significant T2 SAM anomaly.

This anomaly is the strongest soil anomaly yet generated by the company in the Tiger area, and is truncated to the southwest by alluvium associated with the Butchers Creek Drainage system. Hole BTD027 intersection is on the line testing the area of strongest SAM EQNMR response which is largely obscured by alluvium associated with the Butchers Creek Drainage system.

Hole BTD027 returned 52m @0.11% copper. The T2 Prospect recorded strong Sub Audio Magnetic (SAM) conductivity responses in a survey completed in 2009.

SAM has been successfully utilized on other areas within the Eastern Succession of the Mount Isa Inlier to identify possible mineralized structures in areas of poor exposure and shallow cover. Future work program will be developed during the wet season to include detailed gravity, further bedrock drilling and deeper RC. For more information please click on the link. http://esp.gewru.com/download/files/12414/1296314/201171%20Postive%20Results%20from%20Shallow%20Drilling%20at%20Tiger%20T2%20Prospec.pdf
For further information contact: Peter Thompson Managing Director GBM Resources Limited Tel: 08 9316 9100 Karen Oswald Professional Public Relations Tel: 0423 602 353 E:
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