Geoinformatics Exploration Inc.

Geoinformatics Exploration Inc.

December 31, 2007 15:21 ET

Geoinformatics Announces Resignation of a Director

TORONTO, ONTARIO--(Marketwire - Dec. 31, 2007) - Geoinformatics Exploration Inc. (TSX VENTURE:GXL) ("Geoinformatics" or the "Company") announced today that George R. Ireland has advised the Company that he is resigning as a director effective December 31, 2007, due to growing time commitments in his other principal business activities.

Mr. Ireland joined the Geoinformatics board of directors in November 2005 and has provided invaluable advice and support through a period in which Geoinformatics has undergone a remarkable transformation to become a focused North American minerals exploration company with a growing portfolio of significant projects.

The board and management of Geoinformatics expressed its thanks to Mr. Ireland for his past service and counsel to the Company.

About Geoinformatics

Geoinformatics is a global exploration company which has developed a unique and innovative approach to minerals exploration. Geoinformatics is developing the Whistler Project in Alaska which consists of the Whistler and Main Zones, which have been interpreted from extensive drilling as a large gold-copper porphyry system, and a significant number of regional exploration targets. In addition, the Company is actively exploring several advanced projects located in British Columbia, Utah, the Battle Mountain Trend region of Nevada, and the State of Sinaloa, Mexico. Fourteen Company-owned properties in the State of Sonora, Mexico, fall under a joint venture in which Azure Minerals Limited (ASX:AZS) is earning a 51% interest by spending US$4 million. Geoinformatics also has an extensive portfolio of other direct and indirect property interests, joint ventures, and royalties covering a wide range of minerals in Mexico, Australia and New Zealand and North America.

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 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.

Contact Information

  • Geoinformatics Exploration Inc.
    Mr. Kevin L. Snook
    (416) 861-1300 x226
    Geoinformatics Exploration Inc.
    Ms. Petra Decher
    President and Chief Financial Officer
    (416) 861-1300 x225
    Geoinformatics Exploration Inc.
    330 Bay Street, Suite 1109
    Toronto, Ontario M5H 2S8