Change of Nominated Adviser &

2 March 2010

GCM Resources plc
("GCM Resources" or the "Company")

Change of Nominated Adviser & Broker

As a result of the acquisition by J.P. Morgan of the shares in J.P. Morgan Cazenove Limited it did not already own, J.P. Morgan Securities Ltd. (which now conducts its UK investment banking business as J.P. Morgan Cazenove) has been appointed as Nominated Adviser and Broker to the Company with immediate effect, replacing J.P. Morgan Cazenove Limited.

For further information please contact:

GCM Resources plc

Steve Bywater, Chief Executive

Graham Taggart, Finance Director

Tel: +44 (0) 20 7290 1630

J.P. Morgan Cazenove

Michael Wentworth-Stanley

Mark Hankinson

Tel: 020 7588 2828 / 020 7742 4000