Gimus Resources Inc. Closes Flow-Through Private Placement

NOT FOR RELEASE OR DISTRIBUTION IN THE UNITED STATES OR FOR DISSEMINATION TO US
NEWSWIRE SERVICES. 


Gimus Resources Inc. ("Gimus" or the "Corporation") (TSX VENTURE:GIR) announces
that, further to its news releases dated February 28, 2012, it has closed an
oversubscribed non-brokered private placement consisting of 3,575,000
flow-through common shares of the Corporation at a price of $0.10 per share for
gross proceeds of $357,500.


Securities acquired by the placees are subject to a hold period until July 15,
2012, in accordance with applicable securities legislation. The proceeds of the
private placement will be used to fund Gimus' exploration work. The Corporation
now has a total of 13,104,000 issued and outstanding common shares, 750,000
options and 226,320 warrants, giving a total of 14,080,320 common shares on a
fully diluted basis.


The Corporation paid a cash finders' fee of $9,000 on a portion of the offering
equal to 6% of the aggregate gross proceeds received from subscribers introduced
to the Corporation by the finder.


Insiders of the Corporation participated in this private placement, having
purchased 850,000 shares, constituting related party transactions pursuant to
TSX Venture Exchange Policy 5.9 and Multilateral Instrument 61-101 - Protection
of Minority Security Holders in Special Transactions ("MI 61-101"). The
Corporation relied on exemptions from the formal valuation and minority
shareholder approval requirements provided under sections 5.5(a) and 5.7(a) of
Multilateral Instrument 61-101 on the basis that participation in the private
placement by insiders did not exceed 25% of the fair market value of the
Corporation's market capitalization.


Closing of the private placement is subject to receipt of the TSX Venture
Exchange's final approval.


ABOUT GIMUS RESOURCES INC.

Gimus is a mineral exploration company that is exploring for uranium along its
100% owned Baie Johan Beetz Property located east of Havre St-Pierre, on the
Quebec North Shore. 


Forward-Looking Statements

Information set forth in this news release contains forward-looking statements
that are based on assumptions as of the date of this news release. These
statements reflect management's current estimates, beliefs, intentions and
expectations. They are not guarantees of future performance. Gimus cautions that
all forward looking statements are inherently uncertain and that actual
performance may be affected by a number of material factors, many of which are
beyond Gimus' control. Such factors include, among other things: risks and
uncertainties relating to Gimus' ability to complete the sale of any securities
under the offerings and to obtain TSX Venture Exchange approval of the
offerings. Except as required under applicable securities legislation, Gimus
undertakes no obligation to publicly update or revise forward-looking
information.