Geoinformatics Exploration Inc.
TSX VENTURE : GXL

Geoinformatics Exploration Inc.

February 25, 2008 16:22 ET

Geoinformatics Exploration Inc.: Independent 43-101 Technical Report Filed on the Whistler Project

TORONTO, ONTARIO--(Marketwire - Feb. 25, 2008) - Geoinformatics Exploration Inc. (TSX VENTURE:GXL) ("Geoinformatics" or the "Company") today announced that the initial independent National Instrument (NI) 43-101-compliant technical report on the Whistler Zone at its Alaskan Whistler Project has been filed on SEDAR (www.sedar.com).

On January 9, 2008, Geoinformatics announced the initial independent resource estimate on the Whistler Zone which included an Indicated Mineral Resource of 840,000 ounces of gold and an additional Inferred Mineral Resource Estimate of 2.74 million ounces of gold. Significant copper and silver mineralization increases the gold-equivalent resource to 1.31 million ounces in the Indicated category and 4.44 million ounces in the Inferred category.

The Indicated category contains 30 million tonnes grading 0.87 grams per tonne (g/t) gold, 2.46 g/t silver and 0.24% copper and the Inferred category contains 134 million tonnes grading 0.64 g/t gold, 2.18 g/t silver and 0.20% copper. The report also contains a table (Table 16) detailing the larger tonnage and the grade at various cut-off grades from the global block model developed for the Whistler Zone, which includes tonnage not incorporated in the 43-101 Resource Estimate.

The resource estimation process highlighted several untested areas of the Whistler Zone that have the potential to significantly increase the mineral resource which the Company intends to confirm with follow-up drilling in 2008. Additional drilling is warranted to test the depth extension of the higher-grade Main Zones below the open pit resources with the potential to expand the open pit resources at depth. Step out drilling is warranted along the periphery of the deposit to properly close the lateral extensions of both the lower-grade Whistler Zone and the higher-grade Main Zone. Infill drilling to a spacing of approximately 90 metres may allow upgrading parts of the Inferred mineral resources to an Indicated classification.

The independent resource estimate was compiled by SRK Consulting (Canada) Inc. ("SRK") and is in compliance with NI 43-101 and Canadian Institute of Mining (CIM) guidelines for reporting mineral resources.

The Whistler Project comprises 732 State of Alaska mining claims covering approximately 440 square kilometers. The Company has prioritized 15 regional drill targets from a much larger number of identified targets, most of which have similar geological and geophysical characteristics to the Whistler Zone. The Company plans on drilling a number of these targets in 2008.

Kennecott - Geoinformatics Alliance Agreement

All Whistler prospects and properties mentioned in this press release fall under the Kennecott-Geoinformatics Master Strategic Alliance Agreement (the "Alliance Agreement"). The Company entered into the Alliance Agreement effective March 2006 under which it is using its proprietary geo-science and technology platform (the "Geoinformatics Process") to identify, prioritize and drill more than 30 exploration drill targets over the initial two years of the Agreement. The Whistler Project was acquired by Geoinformatics as a target-of-merit under the Alliance Agreement in June 2007, and Kennecott retains a back-in right to acquire either a 51% or 60% interest in the project. Please refer to Geoinformatics' press-release dated August 14, 2006, for further information.

Qualified Persons

The technical content of this release has been reviewed by Darren Holden, MAusIMM, Executive Vice President - Operations of Geoinformatics. The resource estimate and technical report for the project was completed by George Wahl, an Associate Principal Resource Geologist with SRK and was reviewed by Dr. Jean-Francois Couture, P.Geo, of SRK. By virtue of their academic backgrounds and professional experience, Mr. Holden, Mr. Wahl and Dr. Couture are all "qualified persons" as defined by NI 43-101.

About Geoinformatics

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

Whistler Project is being acquired by Geoinformatics as a target-of-merit under the Alliance Agreement, and upon Geoinformatics' completion of its earn-in for the Whistler Project, Kennecott retains a back-in right to acquire either a 51% or 60% interest in the project. Please refer to Geoinformatics' press-release dated June 7, 2007.

Geoinformatics is also actively exploring several advanced projects located in Mexico, Utah, the Cortez Trend region of Nevada, and British Columbia. Fourteen Company-owned properties in the State of Sonora, Mexico, fall under a joint venture in which Azure Minerals Limited is earning a 51% interest by spending US$4 million. Geoinformatics 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 Geoinformatics' business, operations and 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 Geoinformatics' securities filings available at www.sedar.com. Actual events or results may differ materially from those projected in the forward-looking statements and the reader is cautioned 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.
    Mr. Kevin L. Snook
    Chairman
    (416) 861-1300 x226
    Email: kevins@geoinformex.com
    or
    Geoinformatics Exploration Inc.
    Mr. Darren Holden
    Executive Vice President - Operations
    (604) 605-3073 x101
    Email: darrenh@geoinformex.com
    or
    Geoinformatics Exploration Inc.
    330 Bay Street, Suite 1109
    Toronto, Ontario M5H 2S8
    Website: www.geoinformex.com