Production Update

In January 2009 the Amesmessa Gold Mine in Algeria produced 3,391 ounces of gold which was slightly above management expectations of 3,000 ounces. In addition, the mine also produced 605 ounces of silver.

Douglas Perkins, Chief Executive Officer of GMA, commented:

"Under normal operating conditions, we would announce production on a quarterly basis however, during this ramp up period at Amesmessa, since the delivery of commercial quantities of explosives which started in early November 2008, the Directors  consider it appropriate to inform investors of achieved production on a monthly basis. It was exciting to see the mine operating under full scale operating conditions during a recent visit. This is the first time Amesmessa has operated at full capacity and we are analysing how the site worked versus planned operations. We will continue to fine tune the operation to maximum efficiency as we gain more experience over the next couple of months."

Enquiries:

GMA Resources PlcDouglas Perkins+1 514 806 6788

John East & Partners LimitedBidhi Bhoma / David Worlidge+44 (0) 20 7628 2200Notes to Editors:

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

ENOR holds the exploitation authorization to the Tirek-Amesmessa property, an area of some 1,417 km2, located approximately 450km south west of the city of 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 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 expand upon resources outside of the major 80km north/south Tirek-Amesmessa fault and other exploration targets on the property.