GDR Sokoman Iron Corporation

Global Development Resources, Inc. (TSX VENTURE:GDV.U) ("GDR") announces that it
has received shareholder approval for the divestiture of its wholly owned
subsidiary, Global Development Resources, Inc. (USA) ("GDR USA") to a group of
current GDR shareholders led by GDR's CEO, Kent Smith (the "Purchasers").


The divestiture of GDR USA was approved on October 22, 2009, by special
resolution of the shareholders of GDR. Proceeds from the divestiture will be
20,451,419 common shares of GDR tendered back to GDR from the Purchasers.


Upon completion of the transaction, GDR's outstanding share capital will be
reduced to 10,769,387 common shares. Completion of the transaction remains
subject to a number of conditions, including, amongst other things, regulatory
approval.


CERTAIN STATEMENTS CONTAINED IN THIS PRESS RELEASE INCLUDING WORDS SUCH AS
"LOOKS FORWARD", "ANTICIPATE", "COULD", "SHOULD", "EXPECT", BELIEVE", "WILL" AND
SIMILAR EXPRESSIONS AND STATEMENTS RELATING TO MATTERS THAT ARE NOT HISTORICAL
FACTS ARE FORWARD-LOOKING STATEMENTS. SUCH FORWARD-LOOKING STATEMENTS INVOLVE
KNOWN AND UNKNOWN RISKS AND UNCERTAINTIES WHICH MAY CAUSE THE ACTUAL RESULTS,
PERFORMANCE OR ACHIEVEMENTS TO BE MATERIALLY DIFFERENT FROM ANY FUTURE RESULTS,
PERFORMANCE OR ACHIEVEMENTS EXPRESSED OR IMPLIED BY SUCH FORWARD-LOOKING
STATEMENTS.

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