Global Prospecting Ventures Inc (GPVN)

[SPARK]

You're posting news that's a year old??? LOL

[Alwaysinside]

Global Prospecting Ventures (GPVN) Acquires Canadian Gold Properties



SAN FRANCISCO, July 6 /PRNewswire-FirstCall/ -- Global Prospecting Ventures, Inc. (Pink Sheets: GPVN) has signed an option agreement to acquire a 100% interest in the Iron Horse, Boliver and Silver King claims, a 3120 acre (52 unit) gold property located in south central British Columbia.

Early exploration of the claims dates back to 1898, when shafts and tunnels were dug on gold and silver bearing quartz veins exposed on the property. Previous gold mineralization, discovered by drilling and sampling of known surface showings, was partially the result of a program funded by Placer Dome and Fairfield Minerals Ltd.

More recent prospecting and sampling of trenches have identified mineralization with high gold values. Fine visible gold has been identified within marble containing disseminated pyrite and arsenopyrite.

Some surface sampling results are as follows:

-- A continuous chip sample garnetite skarn with 2% arsenopyrite assayed
15.6g/t gold over 1.5 meters.
-- A section across a garnet skarn near the foot wall contact of a low
angle fault assayed 38.3 g/t (1.12 opt) gold over 1.5 m.
-- A section across an arsenopyrite vein with a clay gouge yielded 15.7
g/t over 0.8m.
-- A section of altered diorite with disseminated pyrite and arsenopyrite
assayed 8.2 g/t gold over 2 m.

Grab sampling of surface exposures have returned values ranging from 0.16 to 11.19 opt gold and several large gold geochemical soil anomalies have been defined over an area greater than four and one half kilometers in length. The concentrations of gold in the soil deemed to be anomalous ranges from 20 ppb to 50 ppb; with areas of higher gold in soil ranging upwards of 490 ppb.

Some drilling results on the property are as follows:

-- A section of fine grained siliceous rock yielded 14.33 g/t Au over 1.52
meters,
-- A section of altered, sericitized and silicified sheared mudstone with
traces of pyrite and arsenopyrite assayed 16.2 g/t Au over 1.0 m. This
intersection was within a section averaging 9.38 g/t Au over 2.5 m.
-- Hole 88-20 assayed 5.8 g/t Au over 6 meters. Within this intersection a
3 meter section assayed 9.2 g/t Au.
-- Assays greater than 0.5 g/t gold came from all 12 holes drilled and no
one lithology was favored. Gold bearing intersections have been
included in skarn, marble, diorite and granodiorite, quartz veins,
limestone, argillite, and andesite all containing traces of pyrite.

Sampling by the BC Geological survey has identified highly anomalous values in copper, zinc, gold, silver, bismuth and cobalt. One such sample ran up to 1 percent copper and 19 g/t gold and 13 g/t silver.

Previous operators of the property have outlined large areas of gold mineralization that occurs in several types of litholigies over a four and one half kilometer strike length. High grade gold intercepts have come from volcanic, sedimentary and intrusive rocks on the property.

Because of the wide spread nature and various types of occurrences of gold, and the fact that visible gold have been found within a marble unit with arsenopyrite, Global's focus, in the next stage, will concentrate on a re-sampling program in order to correlate existing high grade gold intercepts and further exploration for a large bulk tonnage type of deposit.

This press release contains "forward-looking" statements as that term is defined by Section 27A of the Securities Act of 1933 (the "Securities Act"), as amended, and Section 21E of the Securities Exchange Act of 1934 (the "Exchange Act"), as amended. All statements that are included in this press release other than statements of historical fact are "forward-looking" statements. Although management believes that the expectations reflecting in these forward-looking statements are reasonable, it can give no assurance that such expectations will prove to have been correct. Important factors could cause actual results to differ materially from the expectations as disclosed herein, including without limitation, in conjunction with these forward-looking statements contained in this press release.

Contact: Matt Hansen of Global Prospecting Ventures, Inc., [phone], or [e-mail].

SOURCE Global Prospecting Ventures, Inc.
-0- 07/06/2005
/CONTACT: Matt Hansen of Global Prospecting Ventures, Inc.,
[phone], or [e-mail]/
/Web site: http://www.globalprospectingventuresinc.com/
(GPVN)

[Alwaysinside]

GLOBAL Prospecting Ventures Announces Interest in Kimberlite Pipe
Wednesday May 25, 9:00 am ET


SAN FRANCISCO, May 25 /PRNewswire-FirstCall/ -- Global Prospecting Ventures, Inc. (Pink Sheets: GPVN - News) wishes to announce that the Company has entered into an Option Agreement with Aztec Mining Corporation (Pink Sheets: AZTM - News) to acquire an undivided 49% interest in four mineral claims located in the Southern Mining District of Saskatchewan, Canada.
The claims, containing the diamondiferous kimberlite pipe formerly known as the "Carolyn" are located in the Fort a' la Corne (FALC) forest which is the largest accumulation of diamondiferous kimberlites discovered to date in the world. Approximately 75% of the kimberlites in the FALC forest have been confirmed diamondiferous and about 50% contain macrodiamonds.

A drill program is scheduled for this summer to further delineate the Early Joli Fou. Ivan Young will act as the operator.

"With Shore Gold's successful bulk sampling results earlier this month and the commencement of a prefeasibility study on the Star Diamond Project, Global is looking forward to this diamond exploration opportunity with Aztec," stated Judy Tayler, President of Global.

As a part of the agreement, Global and Aztec will exchange shares and distribute a dividend to shareholders in the near future.

This press release contains "forward-looking" statements as that term is defined by Section 27A of the Securities Act of 1933 (the "Securities Act"), as amended, and Section 21E of the Securities Exchange Act of 1934 (the "Exchange Act"), as amended. All statements that are included in this press release other than statements of historical fact are "forward-looking" statements. Although management believes that the expectations reflecting in these forward-looking statements are reasonable, it can give no assurance that such expectations will prove to have been correct. Important factors could cause actual results to differ materially from the expectations as disclosed herein, including without limitation, in conjunction with these forward-looking statements contained in this press release.


CONTACT:
GLOBAL Prospecting Ventures, Inc.
Matt Hansen: [phone]
Fax: [phone]
http://www.globalprospectingventuresinc.com

Scott Tobia
Aztec Mining
317-566-2169 Office
317-566-2062 Fax
http://www.aztecmining.com

[Mayor Smokes]

I have just spoken with Matt Hansen who is the US contact. He said that partnerships are still being formulated and that GPVI is still in business but progressing slowly. The email address listed on the website, in which I too have not recieved replies, he said goes to Judy taylor. He gave a personal address in which he can be reached and it is either finddiamonds or findingdiamonds at hotmail.com. Never the less he does return messeges left from the number listed on the webiste. I inquired when a public announcement would be made, he said that something would be put together and delivered in a couple of weeks.
Heres to patiently waiting as well,

-MS

[clipi]

I have emailed this company several times asking for the status of the company and have not received a reply. Does any one out there know anything?

[Lebaneseproud]

Is this company still in business?

[mweco]

Latest info Below. Matt, these are the type of PRs we need !

SAN FRANCISCO, Dec. 21 /PRNewswire-FirstCall/ -- Global Prospecting Ventures, Inc. (OTC Bulletin Board: GPVN) is pleased to announce it has recently re-acquired option agreements on the Cratty Lake Gold property in Saskatchewan and the Alberta Wild Horse Gold Property in Alberta. The Company's 1,000 acre Cratty Lake Gold Property, in Saskatchewan, Canada is located in the La Ronge gold belt within ten kilometers of three past producers -- the Star Mine and the Jasper Mine (previously owned by Cameco Corporation), and the Jolu Mine (previously owned by Corona Corporation). The property has been drilled before and exhibits targets that require further prospecting and geo-chemical sampling. To date over $200,000 has been spent on this property.
In Alberta, Canada, Global has secured Nine (9) Metallic Mineral Permits which total approximately 172,800 acres or 270 square miles of land favorable for gold and diamond exploration and development in the extreme southeastern corner of the Province (approximately 27.5 miles north of Wild Horse, Montana). Elevated gold soil samples show gold 50x above background and recently a diamond was found south of the property.

Currently Global has secured over 4,480 acres of land favorable for diamond exploration and development centered in and around the (FALC) Fort a' la Corne forest in Saskatchewan, Canada which is the largest accumulation of diamondiferous kimberlites discovered to date in the world. Over 70 percent of the FALC kimberlites have been shown to contain diamonds.

Past efforts by the Company's field operations team in the Fort a' la Corne area led to the discovery of what has been said to be the largest kimberlite pipe discovered in the world weighing in at 480 million tons. A comparison would be the Ekati Diamond Mine operated by BHP Billiton Diamonds Inc. hosting five kimberlite pipes which weigh in at 43.5 million tons.

Global's claims hold great promise for some significant economic discoveries of diamonds, gold and other precious and base metals. In a News Release dated December 13th, the Company reported that it had signed a Limited partnership Agreement to acquire a majority ownership of Layette Oil and Gas Partnership LP which has a 100% working interest (NRI 75%) in a currently producing natural gas field under mineral land leases in Fentress County, Tennessee.

Under the terms of the Limited Partnership Agreement and in consideration of a payment of $690,000, Global will become a Limited Partner of the partnership and enjoy a 51% ownership of the partnership as well as 51% of NRI received by the Partnership.

The partnership with Layette provides Global a strong positive opportunity to generate cash flow for the company. Net earnings are projected at $300,000-$500,000 in year One, which may be accomplished and reached within the next nine months.

In a News Release dated December 15th, the Company announced that it plans to raise up to $1,000,000 through a Private Placement Offering of Two Hundred Convertible Debentures at $5,000 each. The Offering will be made in accordance with and pursuant to the provisions of Rule 505 of Regulation "D" promulgated under the Securities Act of 1933.

A percentage of the funds from the Private Placement will be utilized to further the exploration and development of the company's gold and diamond properties.

This news release contains certain forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended, which are intended to be covered by the safe harbors created thereby. Investors are cautioned that certain statements in this release are "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995 and involve known and unknown risks, uncertainties and other factors. Such uncertainties and risks include, among others, certain risks associated with the closing of the transaction described above, government regulation, and general economic and business conditions. Actual events, circumstances, effects and results may be materially different from the results, performance or achievements expressed or implied by the forward-looking statements. Consequently, the, forward-looking statements contained herein should not be regarded as representations by the Company or any other person that the projected outcomes can or will be achieved. In compliance with the "safe harbor" provisions of the Private Securities Litigation Reform Act of 1995, GPVI notes that statements contained in this announcement that are not historical facts may be forward-looking statements that are subject to a variety of risks and uncertainties and there can be no assurance that other factors will not affect the accuracy of such forward- looking statements. It is impossible to identify all such factors. Factors which could cause actual results to differ materially from those estimated by the Company include, but are not limited to, government regulation, managing and maintaining growth, the effect of adverse publicity, litigation, competition and other factors which may be identified from time to time in the Company's public announcements.

[mweco]

Matt, the only thing you guys have done is re-gergitate PRs from 6 months ago. You're still saying "planning..." Did you expect this to move the stock price ?

[mweco]

Looks like things are progressing after all.

Thanks for the update.

[Alwaysinside]

PR today.....look for 3 more in the next 2 weeks plus

http://finance.yahoo.com/q?s=gpvn.pk

[mweco]

Things might be progressing. Below is an e-mail from Judy citing a GPVN update. We've definately heard this all before. Nothing to do but wait. Only credible news releases will move this stock now after all that has happened.

"Thanks for your email

We are just about complete with the Convertible Debenture document and expect to have it ready for the market the beginning of December-all things being equal.. Planning to raise $1M. The gas and oil partnership will be purchased with the proceeds of the financing and should also allow us to proceed in the new year with further diamond and gold exploration.

regards,

Judy"

[Dolores248]

Hey, what is going on?? .035 this a.m.?? d.

[mweco]

nothing to do now but sit and wait.

[Lebaneseproud]

Looks like the dumping continues. Way to go Matt and Judy. Back to pre-split levels

[mweco]

Maybe Young can produce these type of results for GPVN. This volume equates to a revenue of $86,400 per day at $50 oil; not too bad.


Young Oil Corp. Hits a 1,728-Barrel-a-Day Well in Tennessee


KNOB LICK, Ky., Sept. 17 /PRNewswire/ -- The Young Oil Corporation
announced here today that it has drilled in a new oil well in Tennessee that
is flowing oil at a rate of 1,728 barrels of oil a day (BOD).
The Lucy Newberry #11, located seven miles northeast of Livingston,
Tennessee, in Section 22, Township 1S, Range 52 E, began flowing oil when
drilling reached the Trenton formation.
"The well came in so strong, we were unable to move the drilling rig off
the hole," explained Anthony Young, CEO, Young Oil Corp. "We choked the well
back and produced it at a rate of about 700 BOD through the blowout preventer
on the drilling rig."
"We wanted to get the drill pipe out of the well and move the rig off the
well so we began open flowing the well through three flow lines into four
tanks at a rate of 72 barrels an hour or 1,728 barrels of oil a day," he
added.
The Newberry #11 is the eighth producing oil well in the unnamed field
discovered by Young earlier this year. Other wells are producing in the field
from the shallower Fort Payne formation and deeper Ordovician formation.
"We have an excellent lease position surrounding the Newberry lease and
plan to develop it immediately to capitalize on these excellent oil prices,"
said Young.
Young said he would start by drilling offset and step out locations to
this new flowing oil well in the very near future.
Young Oil Corporation is a privately owned oil and gas exploration and
production firm, with operations in Kentucky and Tennessee. Young utilizes
its own drilling rig to drill all its wells. The Tennessee Oil & Gas
Association named Anthony Young Tennessee Oil Man of the Year in 1999.



SOURCE Young Oil Corporation

[Mayor Smokes]

Matt, the recent PR have not properly distributed. I think someone else mentioned that they were not displayed on Yahoo financial information. What seems to be the reason for this. Is there adequate distribution of the PR's?

[mweco]

The financing deal sounds more like an issuance of bonds or preferred stock with guaranteed interest payments. I certainly agree about keeping an eye on how the o/s grows. With the reverse split there is a lot of room for dilution (100M authorized, 12.7M issued). Right now though there is no market for this stock until they produce results. Hopefully there will be promotable news by February. Matt did hint that the last drill did have positive results but the find was not economically viable in quantity or location. I believe that positive news from the oil venture and the announcement of an exploration program will send the stock price back to previous levels.

[matrix]

Well, if that's the case, he should have been a little clearer because the PR says: "convertible debentures". A CD is debt which can be converted to some other kind of security in the company, usually common stock. As long as they aren't issuing tons of shares to a shady financer, they might be okay. It's always a good idea though to keep an eye on how the o/s grows.

[mweco]

I called Matt today to ask him about the debenture. He stated that this was only debt financing and new shares will not be authorized. Stock shares were apart of the deal. However, a current large shareholder offered a percentage of his current shares to finalize the deal.

The money from the debenture will be for 3 purposes. The 3 purposes are for oil drilling, diamond exploration, and a small portion will be set aside for interest payments. The first financing deal will close within two weeks and monies will be available to fund diamond exploration in 45 to 60 days. Shaun is currently in the field preparing for a larger exploration program. By January, the company's mineral epxploration program will be well underway.

Matt stressed to me that the campany strategy has not changed. The oil program was a good investment opportunity. Profits from the oil investment will be re-invested in diamond exploration.

[matrix]

CD financing is usually in the form of preferred stock or a different class of common given to the recipient and converted later on into common stock which is then sold into the marketplace. Whether this will be toxic to the price depends on the agreement's terms, whether the financer follows them, and how fast they liquidate. Unfortunately, the terms (very important info here) were not disclosed.

The PR said the recipient will receive 200 CDs at $4,500 each. Usually the conversion rate is either based on a deep discount to the current market value when the agreement is signed or has a sliding scale to protect the financer from taking a loss. For the first case, let's say hypothetically they agreed to a 50% discount off Monday's closing (0.03).

200 CDs x ($4,500 / 1 CD) x (1 GPVN share / .015) = 60,000,000 GPVN shares.

When the CD matures, the financer has 60 million shares to sell off to recover his investment plus a profit. That's a lot of stock which could easily tank the price when sold unless there's some significant buying pressure or he does it very, very slowly. The second case is an even worse scenario because as the stock's price decreases the conversion rate is constantly recalculated giving the recipient more and more stock and could easily be much, much higher than 60 million. If there is no anti-shorting clause in the agreement, the financer could start shorting ahead of time.

Lebaneseproud is correct CDs are often toxic because of poorly negotiated terms done with shady financers. Most of these small public companies don't have the credit/assets to get favorable funding from large reputable financial institutions so they have to deal w/ the devil -- ie those who are willing to lend money to financially unstable companies. Without seeing the specific terms and the financer's track record, IMO it's hard to say whether this one will go the route of the majority or be an exception.

[Mayor Smokes]

Leb, Do you mind if you explain the process of CD Financing and why a company is sunk when resorting to such financing?
Thank you, you have been a great investigator and a good infromational resource.

-MS

[Lebaneseproud]

Shaun if you are reading this: How many GPVI shares did you dump??? Theresa Heinz Kerry has a name for guys like you. She just used it in a recent interview.

[Lebaneseproud]

I tried to be fair and give you losers a chance but the best you came up with is cd financing?? wow

[Lebaneseproud]

Im going to educate everyone here just how bad cd financing is.

[Lebaneseproud]

Unbelievable!! CD Financing!! What a disgrace! I would be better off shorting this dog at this point. The shorters will flock to a cd financed pig!

[Lebaneseproud]

Everything I have said about this company has come true and mark my words this will come true as well. A cd financed GPVN will never ever exceed a share price of .08 and will definitely sink below sub-penny within 12 months imho. By the way i dont see .08 either but even if it somehow hits .08 just about every GPVN shareholder will still be inj at a loss and many at significant losses. Many bout in PRE-SPLIT in the .20 to .35 range. You will never get your money back imho. You will never even see post split .20 to .35

Now i see the real reason you changed to a Nevada company. Well you were not a Nevada company while some of your follies took place and Nevada law wont protect you. Walter and NSDM were right about Judy and Shaun.

[Lebaneseproud]

GPVN is now destroyed imho. They have to finance this outfit through convertible debentures? CD financing is the worst. Every company I have ever followed has sunk to new depths as a result of CD financing. They would have been better off not doing this deal and simply holding onto its other properties. Definitely not worth it with cd financing. Those cd's are going to dilute the living piss out of this stock. This one is over.
Management is beyond incomptent.

[DRCAL]

Okay, there appears to some sort of game as to which company, NSDM or GPVN really has diamond assets. This game used to be played with Canadian gold mining stocks. It doesn't necessarily mean that diamonds don't exist or haven't been found by one or the other company.
It appears that NSDM has diamonds because they are selling them and GPVN doesn't because it is buying oil and gas properties instead. Look at the actions of the companies and not the words of promoters.

[Ebz]

IMHO - Judy was into oil before she got involved with the diamond thing with Walter and smiling Dan. I guess the past is speaking for itself...

[mweco]

Does anybody know why the last 2 releases never made it to Yahoo Financial News ?

[Dolores248]

You would think with that kind of news GPVN would have traded more than 8,000 shares - what gives?? d.

[was averagejoe]

FOR IMMEDIATE RELEASE

Global Prospecting Ventures Completes Negotiations to Acquire Majority Ownership of Oil and Gas Partnership.
9/21/04

SAN FRANCISCO, Sep 21, 2004 /PRNewswire-FirstCall via COMTEX/ --
Global Prospecting Ventures, Inc. (OTC Bulletin Board: GPVN) Global is pleased to announce that it has now completed negotiations to acquire a 51% majority ownership of Layette Oil and Gas Partnership LP. Through the partnership Global will acquire a major working interest in a currently producing natural gas field under mineral land leases in Fentress County, Tennessee. The partnership will acquire a 100% working interest in the wells.



In a News Release dated September 1, 2004 the Company announced that upon completion of negotiations, it would drill and test, equip and open the production of five to ten new wells in the State of Tennessee, located within a current operating field sitting above proven oil and gas resources. The Company’s Gas production would be delivered through an existing pipelines network and will be sold to major gas distributors under an existing Gas Purchase Agreement. The new natural gas wells will be drilled, operated and maintained under contracts with Young Oil Corporation and under long term mineral land leases with property owners.



Young Oil Corporation of Kentucky will act as the Operator. Anthony Young, President of Young Oil, was named the Tennessee Oil & Gas Association’s Oilman of the year in 1999. Bill Goodwin, President of the Tennessee Oil & Gas Association said: “When we select an Oil Man of the Year, we are looking for that individual who makes things happen. Anthony Young is such a man. He is creating a boom because he drills lots of wells, has a great hit ratio and treats his investors and partners fairly. That is the reason he is so successful and that is the reason he received the award”. Mr. Young is the state’s recognized leader in shallow oil and gas discoveries and Young’s wells produce from depths of less than 1,500 feet and some at depth of less than 500 feet.



Young Oil Corporation is a privately owned oil and gas exploration and production firm with operations in Kentucky and Tennessee. Young utilizes its own drilling rig to drill all its wells. In 2002, Young Oil had the best productive well to dry hole ratio in the state, with 57 producing wells out of 72 drilled.



The Company plans to raise $900,000 through a Private Placement Offering of Two Hundred Convertible Debentures at $4,500 each. The Offering will be made in accordance with and pursuant to the provisions of Rule 505 of Regulation “D” promulgated under the Securities Act of 1933. This will cover the cost for the first five well drill program which is expected to be drilled before the end of the year. The Company plans to raise an additional $900,000 at the beginning of 2005 for the second five well drill program to be drilled early Spring 2005.



Net earnings are projected at $300,000-$500,000 in year One, which may be accomplished and reached within the next nine months.

The outlook for North American Oil and Natural Gas ("Gas") is extremely positive from an operation and investment perspective. Increasing US energy demands projected over the near and long term should sustain major gains for Gas and Oil producers in North America.



In a News Release dated September 1, 2004, Global announced a reverse split of outstanding common stock on the basis of one (1) for four (4) shares owned, with each resulting fractional share rounded up to the nearest whole share. The number of authorized shares of common stock was not affected.

The Company is now acting as its own Transfer Agent and has authorized Tayler & Associates to be responsible for stock transfers and regulatory compliance. Tayler & Associates: 1184 Denman Street, Unit 101, Box 616, Vancouver BC V6G 2M9, PH 604-685-7024, FAX [phone].

Shaun Spelliscy has resigned as President due to business commitments and other obligations. He will continue to act as a consultant to the Company. Judy Tayler is the acting new President.

Global's Land Holdings

Early 2004 the Company outlined an extensive diamond and gold exploration and drill program. Due to adverse financial circumstances, the Company was unable to provide adequate funding to maintain all lease options in a current status. Several of the lease options expired and have returned to the original owners.

Currently Global has secured over 4,480 acres of land favorable for diamond exploration and development in the Fort a' la Corne area of Saskatchewan and 1,000 acres of land in the La Ronge gold Belt favorable for gold exploration. Global's claims hold great promise for some significant economic discoveries of diamonds, gold and other precious and base metals.

Saskatchewan Diamonds: Global's three diamond claims: White Gull, Candle Lake and Birchbark, are centered in and around the Fort a' la Corne (FALC) forest which is the largest accumulation of diamondiferous kimberlites discovered to date in the world. This past winter Global joint-ventured with Garnet Point, whereby Garnet earned a 37.5% interest, by drilling the Candle Lake property. Our first drill hole on the Candle Property was unsuccessful. The Birchbark Target was surveyed using ground magnetics, and contains a strong magnetic anomaly which has not been drilled yet due to the spring thaw.

Saskatchewan Gold: The Cratty Lake Gold Property, (Claim S-101718) consisting of 1,000 acres, is located in the La Ronge gold belt within ten kilometers of three past producers -- the Star Mine and the Jasper Mine (previously owned by Cameco Corporation), and the Jolu Mine (previously owned by Corona Corporation). The property has been drilled before and exhibits targets that require further prospecting and geo-chemical sampling.

Website: We are revising our website to reflect current focus of the company. Please note we have a new website address: NEW website: www.globalprospectingventuresinc.com Old website: www.globalprospectingventures.com

This news release contains certain forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended, which are intended to be covered by the safe harbors created thereby.

Investors are cautioned that certain statements in this release are "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995 and involve known and unknown risks, uncertainties and other factors. Such uncertainties and risks include, among others, certain risks associated with the closing of the transaction described above, government regulation, and general economic and business conditions. Actual events, circumstances, effects and results may be materially different from the results, performance or achievements expressed or implied by the forward-looking statements. Consequently, the, forward-looking statements contained herein should not be regarded as representations by the Company or any other person that the projected outcomes can or will be achieved.

In compliance with the "safe harbor" provisions of the Private Securities Litigation Reform Act of 1995, GPVI notes that statements contained in this announcement that are not historical facts may be forward-looking statements that are subject to a variety of risks and uncertainties and there can be no assurance that other factors will not affect the accuracy of such forward- looking statements. It is impossible to identify all such factors. Factors which could cause actual results to differ materially from those estimated by the Company include, but are not limited to, government regulation, managing and maintaining growth, the effect of adverse publicity, litigation, competition and other factors which may be identified from time to time in the Company's public announcements.

For further information contact: USA Matt Hansen PH: 415-706-0993 CANADA Judy Tayler PH: 604-685-7024 email: [e-mail]

SOURCE Global Prospecting Ventures, Inc.

in the U.S., Matt Hansen, [phone], or in Canada, Judy Tayler, [phone], both of Global Prospecting Ventures, Inc., [e-mail]

http://www.globalprospectingventuresinc.com

Copyright (C) 2004 PR Newswire. All rights reserved.

[Alwaysinside]

There will be a PR out before 10am PST. Also, spoke with Judy and she said that she has been receiving emails but while the website was being updated some might not have made it to her. Perhaps try again if your question still remains unanswered. Thanks

Good day.

[mweco]

Thanks for Judy's correct e-amil.

I wanted to asked for her for a confirmation of the capital structure. Her response is below. She also states that a release will be forthcoming this week.

> Thanks for your email. The 1 for 4 reverse split did not effect the authorized. Issued and outstanding is about 12.7M including restricted.

Re: Progress - see NR September 1/04. Expect further NR this week.

Judy

[matrix]

It's possible the server may have had problems when your emails were sent or the address may have been (un)intentionally dropped. Due to the high volume of spam on the net, many sites don't use a catchall anymore to trap emails sent to non-existent addresses. If there aren't any others listed on the site, you can always use the info in the whois database.

Administrative Contact:
Tayler, Judy [e-mail]
1850 Comox St
Suite 1004
Vancouver, BC V6G1R3
CA
1-604-684-7024

If you still cannot reach her, then you can contact: EV1 Servers Customer Service ([e-mail]) and tell them this domain has wrong info in the whois database. Registrars are required to make customers provide valid contact info or take the domain away.

[Lebaneseproud]

Mweco not a good sign when the head of the company is not accessible by email. Hopefully its just that she has a new email and hopefully the next pr will have that email in it.

[mweco]

Judy's email at "[e-mail]" is no longer valid. I have emailed it twice in the last 2 days with a non-delivery notice each time.

[Lebaneseproud]

Somebody selling little by little each. All the trades the past few days went through at the bid .03 and now bid dropped to .02 and we have sells at .02 as well. Same pattern as with GPVI. Mine as well have not reverse split at all. As usual , the shareholders get burned at the expense of insiders.

[mweco]

I emailed the company today asking for info and received a "failure of delivery" notice. Has anybody talked to Judy or Matt lately ?

[SultanOfStocks]

Leb, you can reach Mr. Bear at www.thestockbroker.com and you can click on the contact link

[mweco]

Does anybody know who or what is DTC ? Very typical very sketchy info.

[TSXminer]

Are you talking about the oil deal?

[Alwaysinside]

GPVN has received confirmation from DTC(finally) which means deal is within day or two from completion. Look for PR first thing next week.

[mweco]

Does anybody have information regarding capital structure. I have read in previous posts that there are now 12.5M shares. I assume that this is float and that there are 25M authorized shares. Anybody have better info ?

[sondiamond]

My guess is the next news release will be gpvn annoucing bankruptcy, mark my word. King you were right about Shaun the entire time and I still want forget when he told you just to wait until his big news release, You see how far that drove up the stock. It was such exciting news the company had to do a reverse split. I bet shaun is already cooking up his next big scam and Judy running GPVN that spells bankruptcy. Looks like Walter made the right decision when he canned Judy or NSDM probably would of been in the same boat.

[Lebaneseproud]

Anyone have Marvin Bear's phone number or email? I would like to contact him and get his side of this story. I should have done that earlier just as good dd. He may have done nothing wrong. I'll try to get his story and report back.

[Lebaneseproud]

Wonder how the negotiations are going for the oil and gas project? I guess we invested in negotiations? Odd, normally a company pr's after the negotiations are completed. Not during negotiations. Those negotiations better become reality or the new management will look as stupid as the old management did and this will be cooked for sure and be subpenny very quickly.

[Lebaneseproud]

Well almost half way through month and it hasnt been real exciting yet as promised for GPVN. Looks like more selling still yet going on .03

We shall see!

[skyrider]

"closely connect'!? yes King and crooks they still are!
...reason a lot of companies don't become their own transfer agent is to many ways to SCAM! and most investors shun away from that!; and like from what I saw birds of a feather...er Shaun , Judy etc and how the screwed around behind Walter, and not that I care about Walter nevertheless this stock and it's manipulative scamsters ..the message is RUN , and RUN fast from this stock.....to many other great ones out there!
lol

[mweco]

Lebaneseproud, I don't believe that you will get a response from anybody citing a specific illegal activity. Their is nothing illegal about starting a venture with a group of individuals and having one of them bail out. The only angle for the SEC is if the company insider sold restrictive or fraudulent shares. This of course is misfortunate but has nothing to do with current GPVN management. The only thing that would happen is fines levied against the individual. An SEC fine would have no impact on the share price or value of the company. In fact, this may even lower its value because current management would indirectly be involved in the investigation preventing them (or her) from doing their work..