GFM.H GFM Resources Ltd

Grupo Ferrominero S.A. de C. V. ("Grupo") and its subsidiary Compania Minera Autlan S.A.B. de C.V. ("Autlan") announce they have acquired securities shares of GFM Resources Limited (the "Company") (TSX VENTURE: GFM.H) which have taken it over securities reporting thresholds. As a result of the transactions set out below, Grupo directly and indirectly through Autlan owns or exercises control or direction over 14,570,215 common shares of the Company, representing 84.69% of the Company (16,370,215 common shares, or 86% assuming the exercise of warrants described below).

On February 9, 2010, Autlan acquired ownership of 3,787,692 common shares of the Company, representing 22% of the outstanding shares of the Company, and warrants to purchase a further 1,800,000 common shares, pursuant to the conversion of $500,000 convertible loans made to the Company by Autlan between August of 2007 and December of 2009. Autlan now owns 13,460,082 common shares of the Company, representing 78% of the issued and outstanding shares of the Company (80% assuming exercise of the warrants).

Also on February 9, 2010, Grupo acquired ownership of 221,749 common shares of the Company in connection with the settlement of $93,255 in indebtedness incurred by the Company prior to entering into the convertible loan agreement, 250,884 common shares pursuant to the conversion of outstanding convertible loans in the amount of $110,000, and 150,000 in connection with the assignment of property rights to the La Casita property, representing in aggregate 3.6% of the outstanding shares of the Company. Grupo now owns directly 1,110,133 common shares of the Company, representing 6.4% of the issued and outstanding shares of the Company.

Other than Autlan, no person has acted jointly or in concert with Grupo with respect to this acquisition. The acquisition was made for investment purposes. Grupo or Autlan may acquire ownership of, or control over, additional securities of the Company, either pursuant to the exercise of warrants, or the conversion of additional convertible loans that may be made to the Company, or otherwise.

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 release.

Contacts: GFM Resources Limited Aida Gonzalez +52 81 8152-1528