Geoinformatics Exploration Inc.

Geoinformatics Exploration Inc.

March 14, 2008 11:44 ET

Fraser Mackenzie Initiates Research on Geoinformatics

TORONTO, ONTARIO--(Marketwire - March 14, 2008) - Geoinformatics Exploration Inc. (TSX VENTURE:GXL) ("Geoinformatics" or the "Company") is pleased to announce that Fraser Mackenzie Limited, an independent Canadian investment dealer, has initiated research coverage on the Company with a strong buy recommendation.

"We are extremely pleased that Mike Starogiannis, Metals and Mining Analyst at Fraser Mackenzie, has initiated coverage on our Company with a strong buy recommendation," stated Dr. Nick Archibald, Chief Executive Officer of Geoinformatics. "The Fraser Mackenzie coverage provides further confirmation of the substantial value in Geoinformatics' extensive project portfolio and that our exploration process and team have been extremely successful in identifying and acquiring high-quality assets. Our focus will continue to be on advancing selected projects as aggressively as possible with the objective of increasing their value and that of our shareholders."

About Fraser Mackenzie

Fraser Mackenzie was founded in 2004, as an investment dealer serving the needs of institutional fund managers and small and mid-capitalization corporate clients. Its mission is to be the financial partner of choice of corporate and institutional clients. It fulfills this mission by providing its clients with independent ideas, timely market intelligence and superior execution.

Fraser Mackenzie offers investment banking and advisory services, sales and trading, and equity research with a focus on four sectors: Energy (International Oil and Gas and Renewable), Biotechnology, Diversified Industries, and Metals & Mining. It focuses its coverage on small and mid-capitalization companies.

About Geoinformatics

Geoinformatics is a global exploration company which has developed a unique approach to minerals exploration applying innovative and proprietary technology.

The Company recently announced an independent National Instrument (NI) 43-101-compliant mineral resource estimate with an Indicated Resource of 840,000 ounces of gold and an Inferred Resource of 2.7 million ounces on the initial discovery zone at the Whistler Project in southern Alaska. The Indicated category contains 30 million tonnes grading 0.87 g/t gold, 2.46 g/t silver and 0.24% copper and the Inferred category contains 155 million tonnes grading 0.62 g/t gold, 2.15 g/t silver and 0.19% copper. Significant copper and silver mineralization increases the Indicated gold-equivalent mineral resource to 1.3 million ounces and the Inferred mineral resource to 4.4 million ounces.

Geoinformatics also published an initial NI 43-101 resource estimate on the Azulitas Prospect at its La Noria Project in the State of Sinaloa, Mexico, in February 2008, and has several additional discoveries on the property. Geoinformatics is also actively exploring several advanced projects located in Utah, the Cortez Trend region of Nevada, and British Columbia. Fourteen Company-owned properties in the State of Sonora, Mexico, fall under a joint venture in which Azure Minerals Limited 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.

The Geoinformatics Process integrates large-scale data aggregation, data mining and three-dimensional modeling, and 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 the 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 Geoinformatics' business, operations and 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 recent securities filings available at Actual events or results may differ materially from those projected in the forward looking-statements and Geoinformatics cautions against placing undue reliance thereon. Neither Geoinformatics nor its management assumes any 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.
    Dr. Nick Archibald
    Executive Vice-Chairman and CEO
    (416) 861-1300 x224
    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