GFM Resources Limited: Mr. Erik Jurgensen Appointed Chairman & CEO, Grant of Options

GFM Resources Limited (TSX VENTURE:GFM.H) "GFM" or "the Company") is pleased to
announce that, on June 24th, 2010, Mr. Erik C. Jurgensen was appointed by the
Board of Directors as Chairman and Chief Executive Officer of the Company. Mr.
Roman Friedrich III, who until that date had acted as President and Chief
Executive Officer, will continue as a Director of the Company. 


The Company also wishes to announce that, effective July 1, 2010, it granted an
aggregate of 602,500 fully vested stock options to its directors, officers and
consultants, pursuant to the Company's Stock Option Plan. Each option entitles
the holder to purchase one common share at an exercise price of $0.10 per common
share for a period of five years. The grant is subject to regulatory approval,
and any shares issued on exercise of such options will be restricted from
trading until November 2, 2010 pursuant to TSX Venture Exchange policies and
securities legislation.


About GFM 

GFM Resources Limited is a Canadian public company engaged in the business of
mineral exploration in Mexico; its shares are listed on the NEX Board of the TSX
Venture Exchange under the symbol GFM.H. The Company's majority shareholder is
Compania Minera Autlan S.A.B. de C.V., a company listed on the Mexico City stock
exchange and active in manganese and ferroalloy operations in Mexico, in turn
controlled by Grupo Ferrominero, S.A. de C.V., a private Mexican holding company
that also controls other companies in domains such as electronics and investment
banking.

GFM Resources (TSXV:GFM.H)
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