GLOBAL TECH INDUSTRIES GROUP, INC. SIGNS STOCK PURCHASE AGREEMENT WITH TRENTO RESOURCES AND ENERGY CORP.

New York, NY, Nov. 10, 2021 (GLOBE NEWSWIRE) — Global Tech Industries Group, Inc. (OTCQB: GTII) (“GTII” or the “Company”), www.gtii-us.com, a Nevada corporation, announced today it has entered into a stock purchase agreement (the “SPA”) with Trento Resources and Energy Corp. (“Trento Resources”), a Delaware corporation, and Sean Wintraub (“Mr. Wintraub”), its sole shareholder. Mr. Wintraub is a United Nations global initiative founder who bears Diplomatic Status and has dedicated over 20 years of his life to the development of breakthrough technologies for humanity.

Trento Resources and Energy Corp. www.inversionestrento.com, is a Delaware corporation owned by Mr. Sean Wintraub. He created the company to acquire a 40% interest in Inversiones Trento SpA (‘Trento SpA”), which is a privately-held company registered in Copiapo, Chile, whose purpose is to develop, refine, and sell rare earth minerals and iron (the “Trento Project”).

Trento SpA owns fourteen hundred hectares of mining concessions for rare earth minerals and iron in Chile. (the “Trento Land”). Operations are projected to commence in 2022, with full-scale production expected by the end of 2023.

Conclusions in the Associated Geological Consultants report, (under the NI43101 Canadian Code for Reporting Exploration Results Disclosure Standards for Mineral Projects) estimate 1,028,684.25 million tons of reserves of rare earth minerals and iron, valued at $15,430,290,000 (USD).

Per the SPA, GTII shall issue 100,000,000 shares of its common stock to Mr. Wintraub upon successful closing of a $350,000,000 (USD) bond offering, which proceeds will be used to support large-scale mining operations at the Trento Project.

David Reichman, GTII’s Chief Executive Officer, stated “Almost immediately upon assessing the Trento Project, it became obvious to me that we should pursue this potential partnership with single-minded intention and no hesitation. Notwithstanding the need for a continued clear eye by management and an informed and updated board to guide us, and the completion of the appropriate due diligence, GTII means to move swiftly to secure this unprecedented opportunity”.

Sean Wintraub, Trento Resources’ Chief Executive Officer, added, “ Let me be clear when I say that for continued future growth and success in most industries, those centered in renewable energy technologies and those not, these rare-earth mineral natural resources – lithium, rhodium, and others – are essential, absolutely vital and represent game-changing value. We are honored and excited to bring these valuable resources to the world marketplace. Further, it is the sheer magnitude of these projects that is propelling us to seek out the right partner, whose management team is seasoned, and whose corporate mission has been concerned with the furtherance of businesses and technologies whose goal of supporting a more sustainable planet aligns with those of the Trento Project team”.

About Global Tech Industries Group, Inc.: GTII, a publicly traded Company incorporated in the state of Nevada, specializing in the pursuit of acquiring new and innovative technologies.

Please follow our Company at: www.otcmarkets.com/stock/GTII

Safe Harbor Forward-Looking Statements:
This press release may contain forward looking statements that are based on current expectations, forecasts, and assumptions that involve risks as well as uncertainties that could cause actual outcomes and results to differ materially from those anticipated or expected, including statements related to the amount and timing of expected revenues related to our financial performance, expected income, distributions, and future growth for upcoming quarterly and annual periods. These risks and uncertainties are further defined in filings and reports by the Company with the U.S. Securities and Exchange Commission (SEC). Actual results and the timing of certain events could differ materially from those projected in or contemplated by the forward-looking statements due to a number of factors detailed from time to time in our filings with the SEC. Among other matters, the Company may not be able to sustain growth or achieve profitability based upon many factors including but not limited to the risk that we will not be able to find and acquire businesses and assets that will enable us to become profitable. Reference is hereby made to cautionary statements set forth in the Company’s most recent SEC filings. We have incurred and will continue to incur significant expenses in our development stage, noting that there is no assurance that we will generate enough revenues to offset those costs in both the near and long term. New lines of business may expose us to additional legal and regulatory costs and unknown exposure(s), the impact of which cannot be predicted at this time.

Words such as “estimate,” “project,” “predict,” “will,” “would,” “should,” “could,” “may,” “might,” “anticipate,” “plan,” “intend,” “believe,” “expect,” “aim,” “goal,” “target,” “objective,” “likely” or similar expressions that convey the prospective nature of events or outcomes generally indicate forward-looking statements. You should not place undue reliance on these forward-looking statements, which speak only as of this press release. Unless legally required, we undertake no obligation to update, modify or withdraw any forward-looking statements, because of new information, future events or otherwise.

Mike King
Princeton Research, Inc.
3887 Pacific Street, Las Vegas, NV
702.338.2700