GDV.H Cardinal Capital Partners, Inc.

GDV Resources Inc. (TSX VENTURE:GDV.H) (the "Company") announces that it has
received a demand letter for a payment on a guaranty executed on January 25,
2007 by the Company for a loan payable from its former subsidiary Global
Development Resources, Inc. The payment demands on the loan are from an
individual and two trusts and total US$6,359,630.


The Company has agreed to retract the two recently announced private placement
financings for gross proceeds of $200,000 due to the representations and
warranties of the private placement subscription agreement. On February 1, 2012
and February 17, 2012, the Company announced that it had issued a total of
4,000,000 common shares at a price of $0.05 per share, which have now been
cancelled (the "Retracted Shares").


The Company also announces that 6330533 Canada Inc., a company controlled by
Chris Carmichael, has acquired in private transactions an aggregate of 3,000,000
common shares in the capital of the Company from A. Thomas Griffis, Global Gold
Limited and Michael Campbell, at a price of $0.025 per common share for
aggregate consideration of $75,000. The acquisition of shares is subject to
regulatory approvals.


After giving effect to cancellation of the above Retracted Shares, 6330533
Canada Inc. now holds 3,000,000 shares and Chris Carmichael owns 594,633 shares,
representing in the aggregate approximately 59.3% of the issued and outstanding
common shares of the Company. 6330533 Canada Inc. acquired the above-noted
common shares of the Company for investment purposes and it may and Chris
Carmichael may, depending on market and other conditions, increase their
ownership, control or direction over the common shares or other securities of
the Company, through market transactions, private agreements, treasury
issuances, exercise of convertible securities or otherwise.


The Company also announced that Chris Carmichael, Andrew Hilton and Carl
DiPlacido have been appointed to the Board of Directors of the Company. Chris
Carmichael has been appointed Chairman and Chief Executive Officer of the
Company and is no longer Chief Financial Officer of the Company. Andrew Hilton
has been appointed Chief Financial Officer and Corporate Secretary of the
Company. A. Thomas Griffis, Elia Crespo and Michael Campbell have resigned as
directors of the Company and Mr. Griffis has resigned as Chief Executive Officer
of the Company. 


The retraction of the private placement financings is subject to final approval
from the NEX Board of the TSX Venture Exchange.

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