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Press release from CNW Group

GobiMin announces Change of Auditor

Thursday, October 25, 2012

GobiMin announces Change of Auditor14:00 EDT Thursday, October 25, 2012TSX-V: GMNTORONTO, Oct. 25, 2012 /CNW/ - GobiMin Inc. ("GobiMin" or the 'Company") today announces that it has changed its auditor from BDO Limited (the "Former Auditor") to BDO Canada LLP (the "Successor Auditor") effective October 10, 2012.At the request of GobiMin, the Former Auditor resigned as auditor of the Company effective October 10, 2012.  The Board of Directors of the Company has appointed the Successor Auditor as the Company's auditor in the place and stead of the Former Auditor effective October 10, 2012 until the close of the next Annual General Meeting of the Company.There were no reservations in the Former Auditor's reports in connection with the financial statements of the Company for the two most recently completed fiscal years; and any period subsequent to the most recently completed period for which an audit report was issued and preceding the effective date of expiry of the Former Auditor's term of office.The Company confirms that there have been no reportable events as defined in the National Instrument 51-102 and, in its opinion, there are no reportable events pending.The Board of Directors of the Company has reviewed and approved the Reporting Package as defined in the National Instrument 51-102.About GobiMinGobiMin owns a 70% equity interest in Xinjiang Tongyuan Minerals Ltd. for the development of the Sawayaerdun Gold Project in Xinjiang, China. GobiMin also owns a 40%-50% interest each in four other base metal joint ventures in Xinjiang and retains an 8% equity interest in the Yanxi Copper Deposit.  In addition, the Company also holds a 48.02% equity interest in a silver operation.GobiMin is aggressively seeking opportunities to acquire high quality mining and exploration projects."Neither TSX Venture Exchange nor the Investment Industry Regulatory Organization of Canada accepts responsibility for the adequacy or accuracy of this release."SOURCE: GobiMin Inc.For further information: Felipe Tan, Chief Executive Officer Tel: (852) 3586-6500 Email: felipe@gobimin.com