Geoinformatics Completes Drilling On Its Molybdenum-Copper Prospect in British Columbia



    TSX-V: GXL

    TORONTO, Oct. 14 /CNW/ - Geoinformatics Exploration Inc. (TSX-V: GXL)
("Geoinformatics", "GXL" or the "Company") is pleased to announce that it has
completed an eight-hole, 2,996 metres, drill program at its Falcon Prospect, ,
a molybdenum-copper discovery, within its Redton Project, located in the
northern Quesnel Trough in British Columbia.

    
    Highlights

    -   All eight holes intersected visible molybdenite (MoS(2))
        mineralization with five holes intersecting porphyry; and

    -   All holes pending assay results.
    

    The 2008 drill program focused on the area where the Company made a grass
roots discovery with its 2007 drill program. The 2007 program returned
extensive molybdenum and low-grade copper intercepts including 345.6 metres
grading 0.059% MoS(2) and 144 metres grading 0.093% MoS(2) with a high grade
interval of 78 metres of 0.135% MoS(2). Please refer to the Company's press
release dated January 23, 2008 for further details.
    Minor visible molybdenite mineralizationhosted in coarse-grained
granodiorite rock was intersected in all eight holes, with five of the holes
intersecting a quartz monzonite porphyry with a visually higher tenor of
molybdenite than that contained in the granodiorite. The quartz monzonite
porphyry has now been confirmed over a strike length of 300 metres with
average intersected widths of 125 metres. With all holes intersecting minor
visible molybdenite the overall system is now confirmed over extents of 420
metres long by 400 metres wide and to a vertical depth of approximately 350
metres and is open in all directions. Minor chalopyrite (CuFeS(2)) - a copper
bearing mineral has also been observed.
    "We are very pleased with the progress of this year's drill program,"
commented Mr. Darren Holden, Chief Operating Officer of the Company. "The
drilling has confirmed the extents of the overall system and provides further
confirmation that our approach to exploration is highly successful. We eagerly
await assay results and will release them as soon as they become available."

    To view Figure 1 please visit http://files.newswire.ca/723/Fig1geo.doc.

    About the Falcon Prospect/Redton Project

    The Falcon Prospect lies within the Company's Redton Project, located in
the northern Quesnel Trough - a geological province that hosts several
economic mines including several copper-gold, molybdenum and gold deposits.
The Redton Project is approximately 70 km. west of the Mt Milligan copper-gold
project, and is immediately adjacent to Serengeti Resources Inc.'s recent
Kwanika copper-gold discovery and approximately 125 km. from the Endako
molybdenum mine. The Falcon Prospect lies at the southern end of the Redton
Project and is readily accessible by road from Fort St James.
    With the completion of the 2008 program, Geoinformatics has earned an 85%
interest in the Redton Project under a joint venture agreement between the
Company and Redton Resources Inc. The Redton Project falls under the Master
Strategic Alliance Agreement between Geoinformatics and Kennecott Exploration
Company (see below).

    To view Figure 2 please visit http://files.newswire.ca/723/fig2geo.doc.

    Kennecott - Geoinformatics Alliance Agreement

    The Redton Project falls under the provisions of the
Kennecott-Geoinformatics Master Strategic Alliance Agreement (the "Alliance
Agreement"), and all targets and prospects mentioned in this press release
fall under it. Kennecott retains a back-in right to acquire either a 51% or
60% interest in Geoinformatics share of the Redton Project. Please refer to
Geoinformatics' press-release dated August 14, 2006, for further information.

    Qualified Person

    The technical content of this release was compiled by Darren Holden
(MAusIMM) - Chief Operating Officer and has been approved by Mr. Gerry
Bidwell, P.Geo - Exploration Manager of Geoinformatics. Mr. Bidwell is a
Qualified Person as defined under NI 43-101 guidelines.

    About Geoinformatics

    Geoinformatics is a North American focused minerals exploration company
which has developed a unique approach to exploration applying innovative and
proprietary technology.
    In addition to the Redton Project, Geoinformatics is also actively
exploring and developing the Whistler gold-copper project in Alaska. The
Whistler Project hosts a NI 43-101 compliant Indicated resource of 30 million
tonnes grading 0.87 g/t gold, 2.46 g/t silver and 0.24% copper and an Inferred
resource of 134 million tonnes grading 0.64 g/t gold, 2.18 g/t silver and
0.20% copper. In addition, there is considerable mineralization in the
Whistler Zone that has been identified by drilling and reported in the 43-101
resource technical report filed on SEDAR (www.sedar.com), but has not yet been
categorized as a mineral resource.
    In addition, Geoinformatics is exploring several advanced projects
located in Sinaloa and Sonora (Mexico), the Cortez Trend region of Nevada, and
British Columbia. Geoinformatics also has an extensive portfolio of other
direct and indirect property interests, joint ventures, and royalties covering
a wide range of minerals in Mexico, Australia, New Zealand and North America.

    This news release includes certain forward-looking statements concerning
the future performance of Geoinformatics' business, operations and 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 Geoinformatics' securities filings available at
www.sedar.com. Actual events or results may differ materially from those
projected in the forward-looking statements and the reader is cautioned
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.

     Table 1. 2008 Drill Hole Details (Coordinates in NAD 83 UTM Zone 10)
    -------------------------------------------------------------------------
                                     Height
               Easting   Northing     ASL       Depth     Azimuth      Dip
    Hole ID    (metres)  (metres)   (metres)   (metres)  (degrees)  (degrees)
    -------------------------------------------------------------------------
    DDFN_08_01  366627   6119539      928       409.8        35        -60
    -------------------------------------------------------------------------
    DDFN_08_02  366951   6119645      952       365.8       215        -60
    -------------------------------------------------------------------------
    DDFN_08_03  366614   6119666      941       234.8        90        -50
    -------------------------------------------------------------------------
    DDFN_08_04  366614   6119666      941       451.1         0        -90
    -------------------------------------------------------------------------
    DDFN_08_05  366625   6119668      934       399.3       215        -45
    -------------------------------------------------------------------------
    DDFN_08_06  366618   6119662      937       430.4       120        -65
    -------------------------------------------------------------------------
    DDFN_08_07  366494   6119752      947       246.9       360        -90
    -------------------------------------------------------------------------
    DDFN_08_08  366816   6119630      947       428.2       205        -70
    -------------------------------------------------------------------------
    

    %SEDAR: 00007774E




For further information:

For further information: Ms. Petra Decher, President & CFO, Tel: (416)
861-1300 x225, Email: petrad@geoinformex.com, Geoinformatics Exploration Inc.,
80 Richmond Street, Suite 303, Toronto, Ontario, M5H 2A4, www.geoinformex.com;
Mr. Darren Holden, Chief Operating Officer, Tel: (604) 605-3073 x105, Email:
darrenh@geoinformex.com, Geoinformatics Exploration Inc., 700 West Pender
Street, Suite 304, Vancouver, British Columbia, V6C 1G8

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