Geoinformatics Exploration Inc.

Geoinformatics Exploration Inc.

August 08, 2005 16:22 ET

Geoinformatics Announces Granting of Stock Options

TORONTO, ONTARIO--(CCNMatthews - Aug. 8, 2005) - Geoinformatics Exploration Inc. (TSX VENTURE:GXL) ("Geoinformatics" or the "Company") has announced stock options have been granted to certain of the Company's directors to purchase up to 450,000 common shares under its Stock Option Plan.

Stock options totaling 450,000 have been granted to two directors of the Company. Included in the 450,000 stock options granted was 250,000 stock options issued to a financial advisory company in which a director of Geoinformatics is a principal. The stock options have an exercise price of $0.25 per share, a term of five years with expiry dates between July 28, 2010 and August 7, 2010 and vest over a twenty-four month period from date of grant.

Under the Company's Stock Option Plan (the "Plan"), the Company can issue up to a 7,000,000 stock options to purchase common shares. The Company currently has 6,120,000 stock options outstanding.

About Geoinformatics

Geoinformatics is a global exploration company focused on the resources industry that exchanges intellectual capital for equity. Geoinformatics has long term relationships with some of the most senior mining companies in the world and provides a pipeline of exploration resource projects to the mining community.

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 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.
    Michael Smyth
    President & CEO
    (416) 861-1300 ext 222
    330 Bay Street, Suite 1109, Toronto, ON M5H 2S8