Geoinformatics Exploration Inc.
TSX VENTURE : GXL

Geoinformatics Exploration Inc.

January 10, 2007 14:15 ET

Geoinformatics Acquires Ontario Nickel-Copper-Platinum-Palladium Exploration Portfolio from Kennecott

TORONTO, ONTARIO--(CCNMatthews - Jan. 10, 2007) - Geoinformatics Exploration Inc. (TSX VENTURE:GXL) ("Geoinformatics" or the "Company") is pleased to announce it has accepted an offer from Kennecott Canada Exploration Inc. to acquire 11 Crown claim groups and be assigned three "option-to-purchase" agreements with private land holders. The subject properties are all located in the Thunder Bay area of western Ontario and include the Thunder Project which has been offered to Geoinformatics as a "target of merit" by Kennecott Exploration Company ("Kennecott") under the terms of the Master Strategic Alliance Agreement (the "Master Agreement") between the two companies.

Highlights:

- Geoinformatics has reached agreement on the acquisition of a portfolio of 11 Crown claim groups and three properties under "option to purchase" agreements;

- Included in the portfolio is the Thunder Project which is the second "target of merit" under the Master Agreement and has an existing drill hole intercept of 11.8 metres with 0.295 ppm platinum, 0.373 ppm palladium, 0.32% copper, 0.10% nickel and 0.04 ppm gold;

- The Thunder Project also has a significant identified but untested geophysical anomaly;

- Geoinformatics is developing an exploration plan for rapid testing of identified targets in the acquired portfolio.

"Eagle-type" Nickel-Copper Deposit Exploration Model

The Kennecott Ontario nickel/copper portfolio was targeted and acquired based on an exploration model derived from Kennecott Mineral's Eagle Deposit located in Michigan, USA. The Eagle Deposit holds an estimated 5 million tones of ore grading, 3.7% nickel and 3.1% copper1. Such low-tonnage, high-grade deposits are often associated with layered gabbro intrusions.

The Thunder Project

Three of the claim groups and two of the "option-to-purchase" agreements cover the Thunder Project, which has been accepted by Geoinformatics as the second "target of merit" under the terms of the Master Agreement. The Thunder Project is located approximately 7 kilometres north-northwest of Thunder Bay, Ontario.

Kennecott completed three drill holes on the Thunder Project in 2005. The first hole was drilled into a garnet-magnetite skarn and included 4 metres of 1.7 g/t gold and 0.53% copper at 58 metres (down-hole depth). Modeling of an airborne magnetic survey indicates the body of the garnet magnetite skarn is approximately 1 kilometre in length and 200 metres wide.

The second and third holes intersected a layered leucocratic gabbro-melanocratic gabbro-peridotite intrusion. Hole 3 (05TH-003) intersected 11.8 metres of 0.295 ppm platinum, 0.373 ppm palladium, 0.32% copper, 0.10% nickel and 0.04 ppm gold from 288.6 metres down-hole including 5.5 metres of 0.428 ppm platinum, 0.541 ppm palladium, 0.48% copper and 0.14% nickel from 292.8 metres down-hole.

(1) Eagle Deposit Presentation Kennecott Minerals 2004, sourced from www.kennecottminerals.com.



Table 1. Kennecott Drill Hole Intercepts - Hole 05TH-003

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From To Interval Au Pt Pd Cu Ni
Drill Hole (metres) (metres) (metres) (g/t) (ppm) (ppm) (%) (%)
-----------------------------------------------------------------------
05TH-002 104.7 106.6 1.9 0.04 0.212 0.271 0.26 0.10
-----------------------------------------------------------------------

-----------------------------------------------------------------------
05TH-003 233.8 234.8 1.0 0.02 0.200 0.169 0.21 0.06
-----------------------------------------------------------------------
05TH-003 288.5 276.7 11.8 0.04 0.295 0.373 0.32 0.10
-----------------------------------------------------------------------
Including(i) 292.8 298.3 5.5 0.05 0.428 0.541 0.48 0.14
-----------------------------------------------------------------------

Intervals calculated with 0.05% nickel cut-off, 1 metre minimum width
and 1 metre internal dilution.

(i)Higher grade intervals calculated with 0.1% nickel cut-off and 1
metre minimum width and 1 metre internal dilution.

All samples assayed at ALS Chemex Laboratory in Vancouver, Canada in
2005 using ICP multi-element suite and fire assay for gold,
platinum and palladium.
-----------------------------------------------------------------------


The layered gabbro intrusion is approximately 1 kilometre by 1 kilometre and is interpreted to be approximately 350 metres deep. A CRONE SQUID ground electromagnetic survey indicated a conductor of 50 to 100 siemens located at the base of the intrusion and modeled at a vertical depth of approximately 300 metres. The response may be indicative of a higher concentration of sulphide mineralization than recorded in hole 05TH-003 and is considered to be a significant nickel-copper-platinum group drill target consistent in size and geological position to the Eagle Deposit in Michigan.

Figure 1 - Interpretive Geology Map and Cross-section of Thunder Drill Target

To view a map of Figure 1, please click on the link below.

http://www.ccnmatthews.com/docs/geo10110.pdf

West Thunder Bay Project Area

In addition to the Thunder Project, Geoinformatics has also acquired in the portfolio a further eight Crown claim groups and one "option-to-purchase" agreement covering a wide area to the west of Thunder Bay. Kennecott has previously conducted detailed aeromagnetic surveys and various prospecting techniques over the region and has identified several areas for follow-up work for potential nickel-copper-platinum-palladium deposits.

Figure 2. Thunder Project and Other Property Locations

To view a map of Figure 2, please click on the link below.

http://www.ccnmatthews.com/docs/geo20110.pdf

Exploration Plan

Geoinformatics is currently developing an exploration plan for the Thunder Project and the wider West Thunder Bay claim groups. Drilling on the Thunder Project is expected to commence in the first quarter of 2007.

A number of the West Thunder Bay claims may be offered to Laurion Mineral Exploration Inc. ("Laurion") pursuant to a proposed strategic alliance under which Laurion is required to spend C$1.25 million per annum on Geoinformatics' drill targets and provide Geoinformatics with a free-carried interest to completion of a positive pre-feasibility study on any project subject to the agreement or return it to Geoinformatics.

The Thunder Bay projects fall under the Master Agreement under which Kennecott retains a one-time back-in right or a 2% net smelter royalty, if the back-in right is not exercised.

Claim Details

Table 2 shows the claim and option-to-purchase details for the Thunder and
West Thunder Bay Projects



Table 2 - Acquired Claim Details

---------------------------------------------------------------------------
Annual
Record # Area Expiry Assess- Record
Project Township Claim or Holder (Ha) Date ment Date
---------------------------------------------------------------------------
Thunder Gorham Crown 1245452 64 12 Apr 2007 $1,600 12 Apr 2005
Claim
---------------------------------------------------------------------------
Thunder Gorham Crown 1245453 160 12 Apr 2007 $4,000 12 Apr 2005
Claim
---------------------------------------------------------------------------
Thunder Gorham Crown 1245457 48 12 Apr 2007 $1,200 12 Apr 2005
Claim
---------------------------------------------------------------------------
Thunder Gorham Private Option to
Lease Purchase 43 31 May 2007 - 1 June,2005
PCL3595 with
Myles
Edward
Harkonen
---------------------------------------------------------------------------
Thunder Gorham Private Option to
Lease Purchase 21 4 Jan 2011 - 5 Jan, 2006
PCL7877 with
Walter
& Margaret
North
---------------------------------------------------------------------------
W. Thunder Gillies Crown 1246841 32 14 Feb 2008 $ 800 14 Feb 2006
Bay Claim
---------------------------------------------------------------------------
W. Thunder Gillies Crown 1246848 64 14 Feb 2008 $1,600 14 Feb 2006
Bay Claim
---------------------------------------------------------------------------
W. Thunder Pearson Crown 4209063 192 19 Dec 2007 $4,800 19-Dec-2005
Bay Claim
---------------------------------------------------------------------------
W. Thunder O'Connor Crown 3005107 16 2 May 2008 $ 400 2 May 2006
Bay Claim
---------------------------------------------------------------------------
W. Thunder Aldina Crown 3016165 240 2 May 2008 $6,000 2 May 2006
Bay Claim
---------------------------------------------------------------------------
W. Thunder Aldina Crown 3008489 240 2 May 2008 $6,000 2 May 2006
Bay Claim
---------------------------------------------------------------------------
W. Thunder O'Connor Crown 3016166 64 2 May 2008 $1,600 2 May 2006
Bay Claim
---------------------------------------------------------------------------
W. Thunder O'Connor Crown 3016167 96 2 May 2008 $2,400 2 May 2006
Bay Claim
---------------------------------------------------------------------------
W. Thunder Oliver Private Option to
Bay Lease Purchase 55 15 Nov 2009 - 15 Nov 2005
with
Dennis
& Louise
Trevisanutto
---------------------------------------------------------------------------


Qualified Persons

The technical content of this release has been provided by Dr. Nick Archibald (CP Geo/FAIMM) and Mr. Darren Holden (MAIMM). Dr. Archibald and Mr. Holden are qualified persons as defined by National Instrument 43-101 and have 30 and 12 years' experience, respectively, in the minerals and exploration mining industry.

About Geoinformatics

Geoinformatics is a global exploration company which has developed a unique and innovative approach to mineral exploration. The Company is actively exploring several significant properties located in British Columbia (Redton, Kliyul, Mesilinka), the Battle Mountain Trend region of Nevada (Colorback), and Sinaloa, Province, Mexico (La Noria/Azulitas). The Company also has an extensive portfolio of joint ventures, other direct property interests and royalties covering a wide range of minerals in Australia and New Zealand and North America.

The Company has entered into a Master Strategic Alliance Agreement with Kennecott under which it will use its scientific and technology platform (the "Geoinformatics Process") which integrates data aggregation, data mining and three-dimensional modeling to identify and prioritize 30 or more exploration drill targets over the next two years. Pursuant to the Master Agreement, Kennecott retains certain royalty and/or back-in rights.

The Geoinformatics Process has been designed to assist in understanding and quantifying risk at a much earlier stage of the exploration cycle than has traditionally been available. The Company's objective is to advance its properties to a stage of commercial development by applying faster, less expensive and more reliable analytical methods to resource exploration.

This news release includes certain forward-looking statements concerning the future performance of our business, its operations and its financial performance and condition, as well as management's objectives, strategies, beliefs and intentions. Forward-looking statements are frequently identified by such words as "may", "will", "plan", "expect", "anticipate", "estimate", "intend" and similar words referring to future events and results. Forward-looking statements are based on the current opinions and expectations of management. All forward-looking information is inherently uncertain and subject to a variety of assumptions, risks and uncertainties, including the speculative nature of mineral exploration and development, fluctuating commodity prices, competitive risks and the availability of financing, as described in more detail in our current Annual Information Form and other recent securities filings available at www.sedar.com. Actual events or results may differ materially from those projected in the forward looking-statements and we caution against placing undue reliance thereon. We assume no obligation to revise or update these forward-looking statements.

The TSX Venture Exchange does not accept responsibility for the adequacy or accuracy of this release.

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