Geoinformatics Exploration Inc.

Geoinformatics Exploration Inc.

August 27, 2007 16:37 ET

Geoinformatics Announces Board Change

TORONTO, ONTARIO--(Marketwire - Aug. 27, 2007) - Geoinformatics Exploration Inc. (TSX VENTURE:GXL) ("Geoinformatics" or the "Company") today announced that Mr. Chris Falck has stepped down from the Company's Board of Directors effective immediately. Mr. Falck has been a director and member of the audit committee since November 2005 and is stepping down due to other business commitments.

The Board of Directors and management would like to thank Mr. Falck for his invaluable insight and support as the Company transitioned over the past eighteen months to a more traditional minerals exploration company. As a member of the audit committee, Mr. Falck provided sage advice, direction and support to management and ensured strong corporate governance policies and practices were developed and implemented.

About Geoinformatics

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

Geoinformatics is exploring the Whistler Project ("Whistler") in the prospective Alaskan Range, which includes an advanced-stage gold-copper porphyry discovery and an associated multi-target exploration program. Whistler encompasses a 440 sq. km. land package and includes an ore zone defined by drilling with an intersection of 220 metres grading 1.49 g/t gold and 0.33% copper, as well as several high potential copper and gold targets.

The Company has entered into a Master Strategic Alliance Agreement (the "Alliance Agreement") with Kennecott under which it is using its proprietary scientific and technology platform (the "Geoinformatics Process") to identify and prioritize 30 or more exploration drill targets over the initial two years of the Alliance Agreement. Whistler has been conditionally offered to Geoinformatics as a target-of-merit under the Alliance Agreement, and Kennecott retains certain royalty and/or back-in rights on all Alliance projects.

In addition, Geoinformatics is actively exploring several significant properties located in British Columbia, the Battle Mountain Trend region of Nevada, and the State of Sinaloa, Mexico, and has a joint venture with Azure Minerals Limited in the State of Sonora, Mexico. The Company 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.

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

Contact Information

  • Geoinformatics Exploration Inc.
    Kevin L. Snook
    Executive Vice-Chairman and CEO
    (416) 861-1300 x226
    Geoinformatics Exploration Inc.
    Dr. Nick Archibald
    (416) 861-1300 x224
    Geoinformatics Exploration Inc.
    330 Bay Street, Suite 1109
    Toronto, Ontario M5H 2S8