Gentor Closes Private Placement Financing

NOT FOR DISSEMINATION IN THE UNITED STATES

Gentor Resources Inc. ("Gentor" or the "Company") (TSX VENTURE:GNT) announces
that, further to its January 31, 2014 press release, it has closed a
non-brokered arm's length private placement of 2,000,000 units of the Company
(the "Units") at a price of Cdn$0.075 per Unit for proceeds to the Company of
Cdn$150,000. Each such Unit is comprised of one common share of the Company and
one-half of one warrant of the Company, with each full warrant entitling the
holder to purchase one common share of the Company at a price of Cdn$0.10 for a
period of two years. The Company intends to use the proceeds from this financing
(the "Financing") for exploration activities related to the Company's Turkey
properties and for general corporate purposes. 


The said shares and warrants issued by the Company under the Financing are
subject to a four month "hold period" and the resale rules of applicable
securities legislation. 


This press release does not constitute an offer to sell or a solicitation of an
offer to buy nor shall there be any sale of any of the securities in any
jurisdiction in which such offer, solicitation or sale would be unlawful. The
securities have not been and will not be registered under the United States
Securities Act of 1933, as amended (the "U.S. Securities Act"), or the
securities laws of any state of the United States and may not be offered or sold
within the United States (as defined in Regulation S under the U.S. Securities
Act) unless registered under the U.S. Securities Act and applicable state
securities laws or pursuant to an exemption from such registration requirements.



About Gentor

Gentor is a mineral exploration company whose projects include copper and gold
properties in Turkey and the Sultanate of Oman. The Company's strategy is to
create shareholder value by developing highly prospective mineral properties
around the globe, with current focus in Turkey and the Sultanate of Oman. 


Forward-Looking Information: This press release contains forward-looking
information. All statements, other than statements of historical fact, that
address activities, events or developments that the Company believes, expects or
anticipates will or may occur in the future (including, without limitation,
statements regarding the proposed use of the proceeds from the Financing) are
forward-looking information. This forward-looking information reflects the
current expectations or beliefs of the Company based on information currently
available to the Company. Forward-looking information is subject to a number of
risks and uncertainties that may cause the actual results of the Company to
differ materially from those discussed in the forward-looking information, and
even if such actual results are realized or substantially realized, there can be
no assurance that they will have the expected consequences to, or effects on the
Company. Factors that could cause actual results or events to differ materially
from current expectations include, among other things, uncertainties relating to
the availability and costs of financing needed in the future, risks related to
the exploration stage of the Company's properties, the possibility that future
exploration results will not be consistent with the Company's expectations,
changes in world copper or gold markets and equity markets, political
developments in Oman or Turkey, the uncertainties involved in interpreting
exploration results and other geological data and the other risks disclosed
under the heading "Risk Factors" and elsewhere in the Company's annual report on
Form 20-F dated April 30, 2013 relating to the year ended December 31, 2012
filed on SEDAR at www.sedar.com and EDGAR at www.sec.gov. Forward-looking
information speaks only as of the date on which it is provided and, except as
may be required by applicable securities laws, the Company disclaims any intent
or obligation to update any forward-looking information, whether as a result of
new information, future events or results or otherwise. Although the Company
believes that the assumptions inherent in the forward-looking information are
reasonable, forward-looking information is not a guarantee of future performance
and accordingly undue reliance should not be put on such information due to the
inherent uncertainty therein.


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


FOR FURTHER INFORMATION PLEASE CONTACT: 
Gentor Resources Inc.
Arnold T. Kondrat
President & CEO
+ 1 [phone] or + 1 [phone]
www.gentorresources.com