GMA Resources plc

("GMA" or the "Company")

 Statement Re. Share Price Movement

The board of directors of GMA note the recent movement in the Company's share price and confirms that it knows of no reason for this movement.

In the announcement issued on 17 April 2012, the Company stated that as of 31 March 2012, the Company had £63,000 of cash.  The Company is continuing to evaluate several acquisition opportunities but has not signed heads of terms with any party.  The Directors are continuing to seek to conserve cash as long as possible, but if the Board is unable to agree on a suitable acquisition in the short term, the Board will seek to place the Company in the hands of the Administrators to complete an orderly winding up of the Company before the Company exhausts its cash reserves.

As announced on 25 January 2012, the Company currently has 618,002,894 Ordinary Shares in issue and there is, in aggregate, £5.5 million of unsecured convertible loan stock which, together with accrued interest, is repayable in full on 31 December 2012, if not converted before that date.  Conversion is at the option of the holder at any time prior to 31 December 2012. The conversion price on the loan notes is between 2.25p and 5p.

A further announcement will be made in due course.

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GMA Resources plc

("GMA" or the "Company")

 Completion of Transfer of ENOR Shares to Sonatrach RCH

GMA Resources plc announces that Gold Mines of Algeria Pty Ltd, its 100 per cent. wholly owned subsidiary, has completed the transfer of its 9,620 shares, representing 52 per cent. of the issued capital in ENOR Spa, to its former joint venture partner, Sonatrach RCH.

The Company is now classified as an investing company in accordance with Rule 15 of the AIM Rules for Companies and is therefore obliged to make an acquisition(s) which constitutes a reverse takeover or otherwise have substantially implemented its investing policy within 12 months from the date of the disposal, being 17 April 2013.

As of 31 March 2012, the Company had £63,000 of cash.  The Company is currently evaluating several acquisition opportunities.  However, while the Directors will seek to conserve cash as long as possible, if the Board is unable to make a recommendation on a suitable acquisition in the short term, the Board will seek to place the Company in the hands of the Administrators to complete an orderly winding up of the Company before the Company exhausts its cash reserves.

For further information on the Company, please visit: www.gmaresources.co.uk

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