Geo Minerals Ltd.
TSX VENTURE : GM

Geo Minerals Ltd.

May 13, 2008 08:00 ET

Geo Applies for Coal Permits in East-Central Saskatchewan

VANCOUVER, BRITISH COLUMBIA--(Marketwire - May 13, 2008) - GEO MINERALS LTD. ("Geo" or the "Company") (TSX VENTURE:GM) is pleased to announce that it has submitted coal permit applications in east-central Saskatchewan encompassing approximately 91,054 acres in proximity to the recent Goldsource Mines Inc. (GXS-TSX:V) discovery.

The recent coal discovery by Goldsource of bituminous coal in two drill holes 1,600 metres apart suggests the potential for a much larger coal system. Goldsource believes the coal it encountered is from the Mannville/Swan River group of Creataceous age (see Goldsource's news release in Stockwatch dated May 5, 2008). Coal structures of the Creataceous age are generally very large and can encompass several thousand square kilometres.

President Mike England states, "The recent discovery by Goldsource Mines leads us to believe that this could be the beginning of a new, major coal region in the mining friendly province of Saskatchewan. We view this development as potentially a significant development for Geo shareholders."

The company will provide further information when it becomes available regarding these coal permits that have been forwarded to the government of Saskatchewan's permitting office. The time frame will be determined by the permitting office. Geo Minerals has submitted funds in trust to the Saskatchewan permitting office.

For further information we invite you to visit us at www.geominerals.ca.

Geo Minerals is a junior exploration company actively seeking mineral and energy opportunities for the benefit of all our stakeholders.

ON BEHALF OF THE BOARD

Michael England, President

Some statements in this news release contain forward-looking information, including without limitation statements as to planned expenditures and exploration programs. These statements address future events and conditions and, as such, involve known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements to be materially different from any future results, performance or achievements expressed or implied by the statements. Such factors include without limitation the completion of planned expenditures, the ability to complete exploration programs on schedule and the success of exploration programs.

The TSX Venture Exchange has not reviewed nor does it accept responsibility for the adequacy or accuracy of this press release.

Contact Information

  • Geo Minerals Ltd.
    Michael England
    President
    (604) 683-3995 or Toll Free: 1-888-945-4770
    (604) 683-3988 (FAX)
    Website: www.geominerals.ca