Global Platinum + Gold, Inc. to Acquire JBIT Inc. and Bourque Alloys, LLC

9-13-10

Gilbert, AZ, September 13, 2010 (BUSINESS WIRE) – The following is being issued by Global Platinum + Gold, Inc. (PinkOTC:GPGI):

Global Platinum + Gold, Inc. is pleased to announce that it has executed a Letter of Intent to acquire all of the issued and outstanding shares of JBIT, Inc., and all of the membership interests of Bourque Alloys LLC, subject to approval by the shareholders of Global and JBIT and the members of Bourque Alloys. Special Meetings of the shareholders and members have been called in September and October to approve the transaction. It is proposed that JBIT will become an operating subsidiary of Global and that Bourque Alloy’s operations will be incorporated into the operations of Global. 

The principle assets of JBIT and Bourque Alloys consist of agreed upon exclusive licensing rights to produce and sell the Kryron Terminator line of personal hard armor plates, which provide Level II (.44 cal and AK-47, 7.62x39 FMJ) and Level III (exceeds NIJ requirements for multiple impact) protection for law enforcement agencies and the Nation’s military. The principle component of the plate is an aluminum alloy developed by John M. Bourque. Aluminum is infused with “Kryron”, a mixture of proprietary materials that give the alloy its special properties, such as its hardness and heat dissipating characteristics. JBIT has applied for and expects to receive any day Certification with the highest rating possible for its Level III plate from the National Institute of Justice. JBIT is in active negotiations with a number of retailers and hard armor suppliers regarding orders for its plates. See www.jbitusa.com.

Any proposed final Agreement among the parties will require that Global: restate its Articles of Incorporation and increase its authorized capital; amend its By-Laws; change the name to Bourque Industries, Inc.; and effect a five for one (5 x 1) reverse split of Globals issued and outstanding shares. In exchange for the JBIT shares and the Bourque members’ interests, Global will issue approximately 150,000,000 unregistered common shares. 

Bourque Alloys has a number of other products in the research and development stage that utilize the Kryron infused aluminum. Bourque is presently testing a copper/aluminum alloy wire that can be used to replace the current steel core wire used in America’s high voltage transmission system. An upgrade of the Nations electrical grid is mandated by the Federal government. The Bourque alloy wire will carry more electricity, produce less radiation, and lose less power in the transmission of electricity than do existing lines. 

It is contemplated that Global will continue advancing its gold recovery system. Experts in the field presently consulting for JBIT will be made available to Global with the goal of enhancing gold recovery.

This communication to shareholders and the public contain certain forward looking statements. Actual results may vary materially from those indicated by such statements. All statements, other than statements of historical fact, included herein, including, without limitation, statements regarding estimated reserves, estimated future production, and the value thereof, are forward looking statements that involve various risks and uncertainties. There can be no assurance that such statements will prove to be accurate and actual results and future events could differ materially from those anticipated in such statements.