Gander Becomes Independent Reporting Company

Toronto, Ontario (FSCwire) - Gander Exploration Inc ("Gander" or “the Company”) announces that the plan of arrangement with GreenBank Capital Inc (CSE:GBC and OTCMKTS:GRNBF and FRA:2TL) (“GreenBank”) has been completed, and Gander has become a reporting issuer in British Columbia and Alberta. In due course Gander will apply to list its common shares on the Canadian Securities Exchange (“CSE”), however there is no guarantee that such application will be approved.

Gander is a mineral exploration company with properties in Newfoundland, Canada. The principal property of Gander is the Cripple Creek Property in Newfoundland, comprising 65 claims located 25km north of the town of Gander. Between 2011 and 2013 Capstone Mining Corp (TSX:CS) completed airborne geophysical, soil sampling and mapping surveys on the Cripple Creek Property, as well as a 10-hole drilling program in 2013. The highlights of the drilling program were 9.28m of 2.98 copper; 3.6m of 4.74% copper and 0.16 g/t of Gold. The drilling program also discovered awaruite in several drill holes (Capstone Mining Corp, Newfoundland Geological Survey, Assessment File 2E/1823). Previously, in 2005, seven grab samples from the property yielded significant gold, copper and silver values, including up to 19.8 g/t gold, up to 10.2% copper, and up to 21.9 g/t silver (P.H. Davenport, L.W. Nolan, A.J. Butler, H.A. Wagenbauer and P. Honarvar, 1999 The Geoscience Atlas of Newfoundland, Newfoundland Department of Mines and Energy, Geological Survey, Open File NFLD/2687,Version1.1).

Gander also owns the Dudder Lake property which is located approximately 40 km north of the town of Gander, and consists of 16 contiguous claims (4 square km). Limited drilling by Noront Resources Ltd (TSXV:NOT) in 1990 returned mafic volcanic core gold intercepts up to 7.0 g/t of over 2.8 m within 9.8 m of 3.86 g/t, and 6.4 g/t over 2.8 meters within 7.8 meters of 4.20 g/t, as well as 5.14 g/t over 5.20 meters.  Noront also drilled one hole into the sediment hosted Stinger prospect in Duder Lake returning 2.04 g/t gold over 4.25 meters. Other results from additional work within the property include 2.56 g/t gold over a 3.6 meter channel, and grab samples returning gold values up to 9.6 g/t. (Noront Resources Ltd., Newfoundland Geological Survey, Assessment File 2E/07/0893.

Gander’s third property is the Blue Wind property which is located approximately 5 km north of the Duder Lake property. The property consists of 30 claims (7.50 square km). The property has no known previous mineral exploration

Roland Crossley, P.Geo., a director of Gander, is the qualified person as defined by NI 43-101 responsible for the technical data presented herein and has reviewed and approved this release.

About Gander

Gander is a public reporting company in British Columbia and Alberta, focused on mineral exploration of its properties in Newfoundland, Canada. Gander’s three properties are the Cripple Creek, Dudder Lake and Blue Wind properties located near the town of Gander. For more information on Gander please contact Danny Wettreich at (647) 931-9768 or by email at dw@greenbankcapitalinc.com .

Forward-Looking Information: This press release may include forward-looking information within the meaning of Canadian securities legislation, concerning the business and future trading in the common stock of Gander Exploration Inc and the raising of additional capital and the future development of the business. The forward-looking information is based on certain key expectations and assumptions made by the company's management. Although the company believes that the expectations and assumptions on which such forward-looking information is based are reasonable, undue reliance should not be placed on the forward-looking information because the company can give no assurance that they will prove to be correct. These forward-looking statements are made as of the date of this press release and the company disclaims any intent or obligation to update publicly any forward-looking information, whether as a result of new information, future events or results or otherwise, other than as required by applicable securities laws.

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