GVM Gvm Metals

RNS Number:1365X
GVM Metals Ltd
24 May 2007

                               GVM METALS LIMITED

                                Issue of equity

GVM Metals Limited ('GVM' or the 'Company') is pleased to announce that it has
raised #12m by way of a placing of 22,223,000 new ordinary shares in GVM at 54p
per share (the 'Placing').  The monies have been raised with institutional
investors in London and South Africa and will be used to assist in the purchase
of the Mooiplaats Coal Project and for general development capital of its coal
projects.

Application will be made for 22,223,000 new ordinary shares to be admitted to
trading on AIM.  Dealings are expected to commence on 31 May 2007.  Following
the admission of these shares, the number of Ordinary Shares in issue will be
161,468,602.


Enquiries:

Simon Farrell, Managing Director   GVM                           +61 417 985 383
Olly Cairns                        Blue Oar Securities Plc   +44(0) 20 7448 4400
Peter Krens                        Mirabaud Securities Ltd   +44(0) 20 7878 3362
Leesa Peters / Jos Simson          Conduit PR                +44(0) 20 7429 6606


                                 www.gvm.com.au



                      This information is provided by RNS
            The company news service from the London Stock Exchange
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