Geo Minerals: option-to-earn 100% interest

Inmet Mining: option-to-earn 70% interest

Acquisition
On April 3rd 2008, Geo Minerals acquired an option to earn 100% of the State-Mineral Exploration Permits and federal lode mining claims known as the Middle Mountain property from Bronco Creek Exploration Inc., a wholly-owned subsidiary of Eurasian Minerals Ltd. (EMX – TSX). The transaction’s cumulative cost over 5 years included US$705,000 and 800,000 issued shares to Bronco Creek. Bronco Creek retains a 2.5% NSR on the property with 0.5% available to buy back for US$1,000,000 before year 7 of the agreement.

Property Overview
The Middle Mountain property, located in south-central Arizona, covers approximately 7,070 acres and represents a porphyry-Cu exploration target along a well-established belt of Cu mineralization that extends from the Globe-Miami district southward through the Ray area and Florence in south-central Arizona. Porphyry-Cu style alteration can be found along the east side of the property, and is developed in streambed bedrock exposures over 700 metres by 1 kilometer in dimension. The acid alteration is developed in Precambrian granites that have been locally intruded by diabase sills and Laramide-aged porphyritic intrusions and dike swarms. Copper oxide minerals are developed in some locations on the Middle Mountain property, and a previous exploration program identified a significant Cu anomaly in vegetation and enzyme leach surveys across large portions of the property. Much of the area is covered by a thin veneer of gravel; previous drilling and water well holes adjacent to the property intercepted bedrock at depths of less than 30 meters.

Initial Drill Test
An initial drill test was completed on January 8th 2009. The first phase of the drill program at Middle Mountain consisted of two deep reverse circulation drill holes at 300 and 360 meters respectively, as well as six shallow holes ranging from 51 to 182 meters. Intense sericite-pyrite alterations typical of the outer pyritic shell related to porphyry copper-molybdenum deposits were intercepted in eastern portions of the project area in multiple drill holes. Sodic-Calcic alteration identified in holes MM-17 and MM-18 define the deep flanks of the system and are consistent with the structural model of the hydrothermal system as dismembered and rotated approximately 90 degrees.

Looking Ahead: Introducing Inmet
On November 17th 2009, Geo Minerals has entered into an option agreement with Inmet Mining Corp. (IMN – TSX) to earn a 70% interest in the Red Hills property by making cumulative cash payments of US$675,000 and US$2,000,000 in exploration expenditures over 5 years. Continued exploration under this agreement with Inmet will further target buried deeper levels of the exposed porphyry copper system.