SOURCE: Geopulse Exploration Inc.

Geopulse Exploration Inc.

May 03, 2011 07:30 ET

Geopulse Exploration Completes the La Sal Mountains Property Acquisition

ALBUQUERQUE, NM--(Marketwire - May 3, 2011) - Geopulse Exploration Inc. (OTCBB: GPLS) (OTCQB: GPLS) finalizes the acquisition of its mineral lease purchase in the La Sal Mountains region of San Juan County, Utah. The primary objective of this acquisition is its gold exploration potential. The property location was advantageously chosen because of the numerous placers gold finds and copper deposits located throughout this area.

The La Sal Mountain region is known for its many gold placers deposits of the Miners Basin, Wilson Mesa, Bald Mesa, and North Mountain. The Property is also located approximately 11 miles east of the Lisbon Valley Copper Mine; once one of the largest copper and gold producers in Utah.

Utah State is the nation's third leading gold producer, behind only Nevada and Alaska. In 2009 over 580,000 troy ounces of gold, valued at over $550 million, was mined in Utah State. Only a few years ago, Utah's Bingham Canyon Mine was producing over 16 tons of gold alone, making it the fourth largest gold producer in all of the U.S.

Management's corporate strategy is to be a project explorer, generator, and operator with an objective to option and/or joint-venture projects with major and junior mining companies through to production. Geopulse Management is currently completing due-diligence and reviewing several national and international resource projects for future acquisition. The initial project site objectives will be located in the continental US with future expansion goals aimed for Central or South America.

Safe Harbor for forward-looking statements

This release contains certain statements that are "forward-looking" statements (as the term is defined in the Private Securities Litigation Reform Act of 1995). Any such forward-looking statements are inherently speculative and are based on currently available information, operating plans and projections about future expectations and trends. As such, they are subject to numerous risks and uncertainties, such as general economic and business conditions, the ability to acquire and develop specific projects, the ability to fund operations, and other factors over which Geopulse Exploration Inc. has little or no control. Actual results and performance may be significantly different from expectations or trends expressed or implied by such forward-looking statements. Geopulse Exploration Inc. expressly disclaims any obligation to update the statements contained in this release.

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