Statement re Share Price Movement

12th April 2016

GCM Resources plc

("GCM" or the "Company")

(AIM:GCM) 

Share price movement

The Directors of GCM Resources plc (AIM:GCM), a resource exploration and development company, have noted the recent rise in the price of its shares. They are not aware of any disclosable price sensitive information in relation to the Company which has not already been made public.

The Company remains wholly focused on pursuing the necessary approval from the Government of Bangladesh for the Phulbari Coal Project to proceed with the next stage of development. The Directors are confident that an agreement can be reached which satisfies the objectives of both the Government and the Company.