Geoinformatics Exploration Inc.
TSX VENTURE : GXL

Geoinformatics Exploration Inc.

November 11, 2005 16:19 ET

Geoinformatics Announces Changes to Management

TORONTO, ONTARIO--(CCNMatthews - Nov. 11, 2005) - Geoinformatics Exploration Inc. (TSX VENTURE:GXL) ("Geoinformatics" or the "Company") announced today that its management team has been restructured to reflect a new strategic direction for the Company. Dr. Nicholas Archibald, founder of Geoinformatics and Vice-Chairman, will become Chief Executive Officer, and Ms. Petra Decher, Chief Financial Officer, will assume the additional role of President. Mr. Michael Smyth has stepped down as President, Chief Executive Officer and a director, but will continue to be available to Geoinformatics on a consultancy basis.

"We are pleased that Nick Archibald has agreed to assume the role of CEO as he brings an unparalleled knowledge of our business and industry, which will serve the Company well going forward," commented Dr. Michael Etheridge, Chairman of the Board. "We believe that we are well positioned with Dr. Archibald, Ms. Decher and the other members of the management team to accelerate ongoing value creation for our shareholders".

The Board of Directors has extended its sincere appreciation to Mike Smyth for his significant contributions to Geoinformatics including aiding in its transition to a public company, establishing a Toronto presence for the Company and the completion of the recent equity financing.

Geoinformatics is continuing discussions with third parties regarding the establishment of an exploration alliance which would dedicate funds to explore and drill a large property portfolio. Geoinformatics would develop and test high quality drill targets and would maintain an equity interest in the underlying properties. It is anticipated the Company will increase its sole-risk initiatives in order to maintain a stream of drill targets. This is consistent with our business model; reducing the time, cost and increasing success rates of mineral exploration discovery which leads to higher asset valuations and increased shareholder value.

About Geoinformatics

Geoinformatics is a global resources company which has developed a unique and innovative approach to resources exploration. The Company's team of geoscientists and technical experts has created a scientific and technology platform (the "Geoinformatics Process") which integrates data aggregation, data mining and three-dimensional modeling to identify and prioritize exploration drill targets. The Geoinformatics Process 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 has been to bring a faster, less expensive and more reliable analytical methodology to resources exploration.

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 recent securities filings available at www.sedar.com. 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.

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