Exploration Update

9 November 2010

GMA Resources plc

("GMA" or the "Company")

Update on Exploration Activities

GMA announces the progress of its exploration activities at the Amesmessa Gold Mine within the Tirek - Amesmessa Concession in South West Algeria.

HIGHLIGHTS

·; Current RC drilling program has completed 162 holes and 8,278m of drilling with 4,149 drill samples either in the laboratory or in transit to the laboratory.

·; Consulting Geologist's interim recommendations for the gold in soil anomalies - seven areas justify drilling in search of potential wider economic gold intercepts.

·; Assay results of 4,149 drill samples expected in December 2010.

The Company has engaged Mr Geoff Blackburn, a consulting geologist with 40 years' experience, to oversee the drilling programme and to complete an independent review of the initial results of the geochemical sampling conducted at the Tirek-Amesmessa Concession. In total 2,812 geochemical samples were taken across 34 of the 76 Aster anomalies identified by Earthscan using Aster satellite imagery. The purpose of the current geochemical review report is to provide an independent view of the success of the geochemical program and to prioritise next steps in the overall exploration program.

Images of a number of gold in soil results over the Aster anomalies can be found on GMA's website (http://www.gmaresources.co.uk/) in the Investor Information section.

Initial results suggest that certain of the new gold in soil anomalies identified during this first pass soil geochemistry sampling program justify being advanced to drill testing in search of wider intercepts of economic gold mineralisation as compared to the narrow gold quartz veins currently being mined. Mr Blackburn's review to date (which remains ongoing) of the first phase geochemistry soil program advises that;

1) Seven gold in soil anomalies are sufficiently prospective and therefore justify exploration expenditure for initial drill testing in search of these wider economic gold zones. Of these anomalies, TA47 and TA52 have already had some initial drill testing.

2) Four gold in soil anomalies remain open and need to be extended or current soil sampling traverses in filled, to clearly define the strike and width of the anomaly showing a 100+ parts per billion (ppb) gold level before drill testing can be justified.

3) Five Aster anomalies are of low priority at this time, based on the information available.

The current reverse circulation (RC) drilling programme has completed 162 holes totalling more than 8,278m. Of these 162 holes it is important to note that 85 holes have been drilled within the confines of the existing mining area to delineate further resources for the immediate needs of the mine. These 85 holes are targeting known narrow quartz veins and not the large wide intercepts of gold that are sought elsewhere. Going forward, the majority of new exploration holes are being drilled in green field locations targeting high soil in gold results from the geochemical program over the existing Aster anomalies in search wider economic gold zones located away from the known existing quartz veins.

GMA'sInterim CEO, Ken Crichton, said:

 "To date Geoff has been working with the exploration team at Amesmessa providing invaluable offsite support and direction to the exploration activities. Geoff continues to critically review the results away from the day to day mine site activities and provides us with clear direction on how to optimise the exploration program to focus on the most prospective gold targets. Although we are currently mining the quartz veins, the future of the mine really depends on the potential of finding wider gold intercepts within the Aster anomalies so we are looking forward to the results of these drill holes."

Qualified Person

Information in this announcement relating to the Company's exploration activities is based on data reviewed by Mr Geoff Blackburn AOM BSc FAusIMM, who has been engaged as Consulting Geologist to the Company. Mr Blackburn is a member of The Australasian Institute of Mining & Metallurgy and has 40 years' experience in mineral exploration and is a Qualified Person under the AIM Rules. Mr Blackburn consents to the inclusion of the information in the form and context in which it appears.

Enquiries:

Notes to Editors:

GMA owns a controlling 52% stake in ENOR spa ("ENOR"), the Algerian based operating company for the Tirek-Amesmessa project, with the remainder owned by Sonatrach, the Algerian state-owned oil and gas company.

ENOR holds the exploitation authorisation to the Tirek-Amesmessa property, an area of some 1,417 km2, located approximately 450km south west of the city, Tamanrasset, in southern Algeria. Amesmessa is an open pit heap leach gold mine located in the extreme south of the permit area. The Tirek gold mine is located centrally in the northern third of the exploration permit area, some 60 km north of Amesmessa. Research to date suggests that the Zita Zone, which lies between Tirek and Amesmessa, offers considerable potential for the development of additional prospects amenable to open-pit mining. GMA plans to quickly expand upon resources outside of the major 80km Tirek-Amesmessa fault north/south of the concession.

GMA's shares are traded on the AIM market of the London Stock Exchange (AIM: GMA).

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