Geo Minerals: option-to-earn 100% interest

Inmet Mining: option-to-earn 70% interest

Acquisition
As of August 8th 2008, Geo Minerals has acquired 100% interest in the Red Hills property. The transaction includes cumulative work commitments totalling US$3,000,000 over 5 years, with advanced royalty payments totalling US$705,000 as well as 800,000 issued shares. Work commitments of US$500,000 plus Advanced Royalty Payments of US$200,000 will be payable after the 5th anniversary, as well as a 2.5% NSR with 0.5% available to be bought back for US$1,000,000 prior to the 7th anniversary.

Property Overview
The property consists of 1,200 acres of state mineral leases, as well as 185 unpatented federal mining claims. The porphyry copper target is located southeast of Florence in Pinal County, Arizona, and stretches from the Globe-Miami district westward through the Ray and Florence areas.

Initial Drill Test
Drilling at the Red Hills property targeted a suspected buried porphyry copper deposit west of a large laramide dike swarm related copper sulfide mineralization associated with a broad zone of quartz-sericite-pyrite alteration. Recent field mapping and re-evaluation of existing geological data suggest that the hydrothermal system has been rotated approximately 90 degrees; as a result, higher-grade porphyry-style mineralization that is suspected to lie under gravel cover to the west of current bedrock exposures has been targeted. A 64 meter zone of exotic copper mineralization developed within the gravel deposits was intersected in RH-2 at a depth of 560 meters. The lithology of the zone has been interpreted to signify proximity to the buried porphyry copper system. Hole RH-2 did not reach bedrock and was still in exotic copper bearing gravel when the hole was terminated. A total of nine sites were permitted across the target area for a follow up drill test.

Looking Ahead: Introducing Inmet
As of 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. The agreement is subject to conditions precedent, including the receipt of any necessary third party approvals. Continued exploration under this agreement with Inmet will further target buried deeper levels of the exposed porphyry copper system.