Geoinformatics Exploration Inc.

Geoinformatics Exploration Inc.

December 12, 2007 09:21 ET

Geoinformatics' Alliance Partner Finds Diamonds in the Northwest Territories

TORONTO, ONTARIO--(Marketwire - Dec. 12, 2007) - Geoinformatics Exploration Inc. (TSX VENTURE:GXL) ("Geoinformatics" or the "Company") is pleased to announce that its alliance partner, Sanatana Diamonds Inc. (TSX VENTURE:STA)(AIM:SAN) ("Sanatana"), has received the first batch of caustic fusion diamond results from the newly discovered Dharma kimberlite pipe on its Mackenzie Craton Project in the Northwest Territories. The results confirm the existence of diamonds in the pipe with a total of 180 diamonds greater than 0.106 mm being recovered, which equates to 531 stones recovered per tonne.

Geoinformatics holds a 1% gross overriding royalty (the "GOR") on all diamonds mined by Sanatana within the Mackenzie Craton.

In 2004, Geoinformatics and Sanatana executed a strategic alliance agreement whereby Geoinformatics completed exploration targeting on Sanatana's extensive claims in the Mackenzie Craton using its proprietary Geoinformatics Process. Under the terms of the agreement, Geoinformatics was paid approximately $450,000 and was granted the 1% GOR. In addition to the targeting exercise, Geoinformatics managed and operated Sanatana's exploration programs during the 2004 and 2005 exploration seasons. Dr. Nick Archibald joined Sanatana's Board of Directors earlier in 2007.

About Geoinformatics

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

Geoinformatics is actively exploring its gold-copper porphyry Whistler Project in Alaska, the Stockton Project in Utah which has a large identified copper-gold porphyry 15 km. from the Bingham Canyon Mine and several other advanced projects in British Columbia, 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 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 2006 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.
    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