Geoinformatics Exploration Inc.

Geoinformatics Exploration Inc.

July 12, 2007 14:33 ET

Geoinformatics Announces the Startup of Drilling on the Whistler Project

TORONTO, ONTARIO--(Marketwire - July 12, 2007) - Geoinformatics Exploration Inc. (TSX VENTURE:GXL) ("Geoinformatics" or the "Company") is pleased to announce that drilling has commenced on its new Alaska gold-copper porphyry project, (the "Whistler Project") which is located 161 km. northeast of Anchorage.

The initial drill holes of the 2007 drill program will be completed on the "Whistler Zone" totaling 3,000 metres of definition and in-fill drilling. Previously drilling by Kennecott Exploration Company ("Kennecott") on the Whistler Zone included the following intersections:

- 219 metres grading 1.49 grams per tonne ("g/t") gold and 0.33% copper; and

- 290 metres grading 1.15 g/t gold and 0.23% copper.

Geoinformatics expects that a further 1,500 metres of drilling will be completed later in the summer on two new targets, following additional field reconnaissance.

In addition, the Company is also pleased to announce that it has received approval from Kennecott for the Company's proposed 2007 Field Exploration Program on the Whistler Project. The budget for the 2007 Program is approximately US$3.2 million, which includes preparatory work for the 2008 field season as well. The approval of the 2007 Field Exploration Program, as part of a two-year exploration plan, is one of the conditions for Geoinformatics to earn a 100% interest in the Whistler Project under the offer letter from Kennecott. The Whistler Project will be conveyed to Geoinformatics as a target-of-merit pursuant to the Master Strategic Alliance Agreement executed between the two companies, as described in the Company's press release of June 7, 2007.

About Geoinformatics

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

Geoinformatics is developing the Whistler Project in the prospective Alaskan Range, which includes an advanced-stage gold-copper porphyry discovery and an associated multi-target exploration program. The Whistler Project encompasses a 440 sq. km. land package and includes an ore zone defined by drilling with an intersection of 220 metres grading 1.49 grams per tonne 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 conveyed to Geoinformatics as a property-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 a has 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.

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