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August 3, 2012 - GMP Announces Q2/12 Results

For further information about GMP Capital Inc., our results for second quarter 2012 and the meaning of certain references, this quarterly earnings release should be read in conjunction with our Second Quarter 2012 Financial Statements and Management’s Discussion and Analysis for the three and six months ended June 30, 2012, which can be accessed on our website at gmpcapital.com and on SEDAR at sedar.com. Unless otherwise indicated, all amounts are expressed in Canadian dollars and have been taken from our Second Quarter 2012 Financial Statements prepared in accordance with International Financial Reporting Standards (“IFRS”).

TORONTO, August 3, 2012 – GMP Capital Inc. (“GMP”) (TSX: GMP) today reported revenue of $62.7 million in second quarter 2012, representing a 7% decrease compared with the same period a year ago. GMP recorded a net loss of $0.4 million and a net loss attributable to common shareholders of $4.1 million ($0.06 net loss per basic share) in second quarter 2012 compared with net income of $5.1 million and net income attributable to common shareholders of $2.7 million ($0.04 per basic share) in second quarter 2011. This quarter’s results continued to be affected by the adverse market conditions.

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