GTA Announces Closing of First Tranche of Flow-Through Private Placement

GTA Resources and Mining Inc. (TSX VENTURE:GTA) is pleased to announce that it
has closed on the first tranche of its non-brokered private placement financing
previously announced on July 16, 2014. 


The first tranche consisted of 3,875,000 flow-through share units ("Units") for
gross proceeds of $387,500, at a price of $0.10 per Unit with each Unit
consisting of one flow-through share and one common share purchase warrant. Each
warrant will be exercisable for one common share at a price of $0.15 for a
period of 12 months from the date of closing of the financing. 


GTA will pay compensation including a cash fee of 8% on $200,000 of the gross
amount raised and a cash fee of 2% on the remainder of the gross amount raised.
In addition GTA will issue broker warrants in the amount of 8% on 2,000,000 of
flow-through shares issued. Each broker warrant may be exercised into units at a
price of $0.15 for a period of 12 months from the date of closing of the
financing transaction.


GTA will use the net proceeds to fund its exploration activities on its
Northshore, Auden and Ivanhoe projects.


Following this transaction there are 30,906,855 GTA common shares issued and
outstanding.


About GTA

GTA is a well funded publicly traded mineral exploration company. It is led by
an experienced and successful management team and is focused on exploring for
gold and graphite in Canada.


GTA is a tightly held company having only 27,031,855 shares outstanding of which
insiders control approximately 30% of the outstanding shares. The Company's
shares trade on the TSX Venture Exchange under the symbol "GTA."


GTA currently has three projects, the Northshore Project, near Schreiber,
Ontario, the Auden Project near Hearst, Ontario and the Ivanhoe Project near
Folyet, Ontario. GTA has an option agreement with Balmoral Resources Ltd.
("BAR") whereby GTA can earn up to a 70% interest in the Northshore Project. GTA
owns a 100% interest in the Auden Project, and has an option to acquire a 100%
interest in the Ivanhoe Project. 


On behalf of the board of directors

GTA Resources and Mining Inc.

"Wayne Reid"

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that
term is defined in the policies of the TSX Venture Exchange) accepts
responsibility for the adequacy or accuracy of this press release. 


This press release contains forward-looking statements and forward-looking
information (collectively, "forward looking statements") within the meaning of
applicable Canadian and United States securities laws. All statements, other
than statements of historical fact, included herein, including statements
regarding the anticipated content, commencement, duration and cost of
exploration programs, anticipated exploration program results, the discovery and
delineation of mineral deposits/resources/reserves, the timing of the receipt of
assay results, and business and financing plans and trends, are forward-looking
statements. Forward-looking statements are typically identified by words such
as: believe, expect, anticipate, intend, estimate, postulate and similar
expressions or are those which, by their nature, refer to future events.
Although the Company believes that such statements are reasonable, there can be
no assurance that such statements will prove to be accurate, and actual results
and future events could differ materially from those anticipated in such
statements. The Company cautions investors that any forward-looking statements
by the Company are not guarantees of future performance, and that actual results
may differ materially from those in forward-looking statements. Important
factors that could cause actual events and results to differ materially from the
Company's expectations include those related to weather, equipment and staff
availability; performance of third parties; risks related to the exploration
stage of the Company's projects; market fluctuations in prices for securities of
exploration stage companies and in commodity prices; and uncertainties about the
availability of additional financing; risks related to the Company's ability to
identify one or more economic deposits on the properties, and variations in the
nature, quality and quantity of any mineral deposits that may be located on the
properties; risks related to the Company's ability to obtain any necessary
permits, consents or authorizations required for its activities on the
properties; and risks related to the Company's ability to produce minerals from
the properties successfully or profitably. Trading in the securities of the
Company should be considered highly speculative. All of the Company's public
disclosure filings may be accessed via www.sedar.com and readers are urged to
review these materials, including the latest technical reports filed with
respect to the Company's mineral properties.


This press release is not, and is not to be construed in any way as, an offer to
buy or sell securities in the United States.


FOR FURTHER INFORMATION PLEASE CONTACT: 
Wayne Reid
President and CEO
[phone]
[e-mail]