Geoinformatics Exploration Inc.

Geoinformatics Exploration Inc.

March 30, 2006 10:50 ET

Geoinformatics Announces Stock Option Grant

TORONTO, ONTARIO--(CCNMatthews - March 30, 2006) - Geoinformatics Exploration Inc. (TSX VENTURE:GXL) ("Geoinformatics" or the "Company") today announced that it has granted stock options to certain of the Company's employees and a director to purchase up to 400,000 common shares under its Stock Option Plan.

Stock options totaling 400,000 have been granted to employees and a director of the Company. Included in the 400,000 stock options granted was 200,000 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 the expiry dates between March 8, 2011 and March 27, 2011 and vest over a twenty-four month period from the date of grant. These options were granted pursuant to the Company's shareholder-approved stock option plan and are governed by terms of the plan.

Under the Company's Stock Option Plan (the "Plan"), the Company can issue up to 7,000,000 stock options to purchase common shares. The Company currently has 6,380,000 stock options outstanding.

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.

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

Contact Information

  • Geoinformatics Exploration Inc.
    Ms. Petra Decher
    President and CFO
    (416) 861-1300 Ext. 225
    Geoinformatics Exploration Inc.
    Dr. Nick Archibald
    Executive Vice-Chairman and CEO
    (416) 861-1300 Ext. 224
    Geoinformatics Exploration Inc.
    330 Bay Street, Suite 1109
    Toronto, Ontario M5H 2S8