Geoinformatics Exploration Inc.
TSX VENTURE : GXL

Geoinformatics Exploration Inc.

November 22, 2006 17:05 ET

Geoinformatics Undertakes Private Placement

TORONTO, ONTARIO--(CCNMatthews - Nov. 22, 2006) -

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Geoinformatics Exploration Inc. (TSX VENTURE:GXL) ("Geoinformatics" or the "Company") today announced its intention to undertake a non-brokered private placement to raise a minimum of $4,000,000 and a maximum of $5,000,000 (the "Offering"), through the issue of a minimum 22,222,223 flow-through units of Geoinformatics (the "Units") at a price of $0.18 per Unit. Each Unit will consist of one common share issued on a "flow-through" basis (a "Flow-through Share") and one flow-through common share purchase warrant (a "Flow-through Warrant"). Each Flow-through Warrant will entitle the holder to purchase one common share issued on a flow-through basis at a price of $0.20 per share until August 15, 2007. The Company may elect to accelerate this expiry date if the closing price of the Company's common shares on the TSX Venture Exchange exceeds $0.40 for not less than 20 consecutive trading days in any 30 trading day period.

The Company will pay a finder's fee to certain registrants, including ZED Financial Partners ("ZED"), equal to 6% of the gross proceeds of the Offering, payable either in (i) cash or (ii) common shares of Geoinformatics priced at $0.25 per share, at the option of the finder. In addition, Geoinformatics shall issue compensation warrants (a "Compensation Warrant") equal to 10% of the number of Units sold. Each Compensation Warrant shall be exercisable into common shares of Geoinformatics at a price of $0.25 for a period of one year from the closing date of the Offering. A principal of ZED is a director of Geoinformatics.

The proceeds from this financing will be used to advance the Company's Canadian projects located in British Columbia, Canada. Closing of this private placement would satisfy certain conditions under a long-term convertible facility as announced on August 30, 2006, and provide the additional funding to meet certain commitments under a strategic alliance agreement with Kennecott Exploration Company. Closing of the Offering is subject to the approval of the TSX Venture Exchange.

About Geoinformatics

Geoinformatics is a global exploration company which has developed a unique and innovative approach to mineral exploration. The Company is actively exploring several significant properties located in British Columbia (Redton, Kliyul, Mesilinka), the Battle Mountain Trend region of Nevada (Colorback), and Sinaloa, Province, Mexico (La Noria/Azulitas). The Company also has an extensive portfolio of other property interests and royalties covering a wide range of minerals in Australia and New Zealand and North America.

The Company has entered into a Master Strategic Alliance Agreement with Kennecott under which it will use its scientific and technology platform (the "Geoinformatics Process") which integrates data aggregation, data mining and three-dimensional modeling to identify and prioritize 30 or more exploration drill targets over the next two years. 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 is to advance its properties to a 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 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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