NOT FOR DISSEMINATION IN THE UNITED STATES OR FOR DISTRIBUTION TO U.S. WIRE SERVICES

VANCOUVER, British Columbia, March 16, 2026 (GLOBE NEWSWIRE) -- GFM Resources Limited (the "Company") (TSXV:GFM) is pleased to announce a non-brokered private placement of up to 30,000,000 units of the Company ("Units") at a price of $0.05 per Unit for aggregate gross proceeds of up to $1,500,000 (the "Private Placement').

Each Unit will consist of one common share of the Company (a "Common Share") and one common share purchase warrant (a "Warrant"). Each Warrant will entitle the holder to acquire one additional Common Share at a price of $0.05 per share for a period of one year from the date of issuance.

The Company intends to use proceeds from the Private Placement to repay outstanding liabilities and for general working capital purposes.

The private placement is subject to approval by the TSX Venture Exchange.

All securities issued pursuant to the Private Placement will be subject to a four-month and one day hold period under applicable securities laws.

About GFM Resources Limited

GFM Resources Limited is an emerging mineral exploration company focused on the acquisition and ...