Georgia Ventures Inc.

Georgia Ventures Inc.

October 18, 2005 17:14 ET

Georgia Ventures Discovers Large Leached Porphyry Copper Cap in Northwest China

VANCOUVER, BRITISH COLUMBIA--(CCNMatthews - Oct. 18, 2005) - Georgia Ventures Inc. (TSX VENTURE:GVI) ("GVI" or the "Company") is pleased to announce the discovery of a large leached copper porphyry system on its Towerstone Project in Xinjiang Province, Northwest China.

The mineralized system is centered on two large quartz stockworks located in porphyritic granitoids emplaced within a package of island arc volcanics and is open to the northeast. The northern stockwork covers an area of 2.5Km X 1.2Km and is open to the northeast. The southern stockwork has been traced over a strike length of 2.0Km and a width of 0.80Km. Associated with the stockworks are extensive alteration zones developed by the breakdown of primary sulphides into secondary oxides such as jarosite, goethite, and hematite. The presence at depth of primary and secondary sulphides, including pyrite, chalcopyrite, chalcocite, and bornite, are indicated in surface samples.

Based on the field relationships and the nature of the minerals associated with the stockwork zones, the outcrop area is interpreted as a large leached cap overlying a buried porphyry system with a secondary enrichment blanket. This interpretation is corroborated by a recent examination by Dr. Dennis Cox. Dr. Cox has a broad experience in porphyry copper deposits and was instrumental in the discovery of the Oyu Tolgoi copper orebody in Mongolia on behalf on BHP.

The company is currently carrying out an IP survey over the Northern Stockwork Zone.

Georgia Ventures is a junior Company involved in the acquisition and development of base and precious metal prospects in Northwest China. The Company can earn a 70% interest on the Towerstone project by incurring expenditures of $2.1 million.

Dr. Luca Riccio, P. Geo is the qualified person responsible for the content of this press release.

On behalf Georgia Ventures,

Jonathan George

This press release contains "forward looking statements" that involve a number of risks and uncertainties. There can be no assurance that such statements prove to be accurate and actual results and future events could differ materially from those anticipated from such statements.

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

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