GPM GPM Metals Inc

TORONTO, July 7, 2011 /CNW/ -- TORONTO, July 7, 2011 /CNW/ - GUYANA PRECIOUS METALS INC. (TSX-V: GPM) ("GPM") announces that it has completed its previously announced acquisition of Guyana Goldfields Inc.'s 100% interest in the Peters property and Aremu property located in Guyana, South America and a US$15,000 bond for US$2,415,000 paid in cash upon closing (the "Transaction"). For further details about the Transaction, see GPM's press release dated April 26, 2011. About Guyana Precious Metals Inc. GPM is a Canadian based exploration and development company. GPM presently controls and holds the Coppermine River Project, Nunavut Territory and the Rory Claims, Yukon Territory. Both of these projects are described as Copper-Nickel-Platinum-Palladium prospects. Forward Looking Statements - Certain information set forth in this news release may contain forward-looking statements that involve substantial known and unknown risks and uncertainties. These forward-looking statements are subject to numerous risks and uncertainties, certain of which are beyond the control of GPM, including, but not limited to the impact of general economic conditions, industry conditions, volatility of commodity prices, risks associated with the uncertainty of resource and reserve estimates, currency fluctuations, dependence upon regulatory approvals, the availability of future financing and exploration risk. Readers are cautioned that the assumptions used in the preparation of such information, although considered reasonable at the time of preparation, may prove to be imprecise and, as such, undue reliance should not be placed on forward-looking statements. NEITHER THE TSX VENTURE EXCHANGE NOR ITS REGULATION SERVICES PROVIDER (AS THAT TERM IS DEFINED IN THE POLICIES OF THE TSX VENTURE EXCHANGE) ACCEPTS RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THIS RELEASE. To view this news release in HTML formatting, please use the following URL: http://www.newswire.ca/en/releases/archive/July2011/07/c4165.html p babout GPM: /bbr/ Guyana Precious Metals Inc.br/ Suite 1205br/ 141 Adelaide Street Westbr/ Toronto, Ontario M5H 3L5br/ Attn: John Patrick Sheridanbr/ Tel: (416) 628 5936br/ Fax: (416) 628 5935br/ E-mail: ua href="mailto:psheridan@guygold.com"psheridan@guygold.com/a/u /p

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