Georgia Ventures Inc. - Advisory Board Appointment



    /NOT FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES OR FOR
    DISSEMINATION IN THE UNITED STATES/

    VANCOUVER, BC, Oct. 2 /CNW Telbec/ - Georgia Ventures Inc. ("Georgia" or
the "Company") (TSX-V: GVI) (FRANKFURT: G4Y) is pleased to announce the
appointment of Mr. Paul Matysek M.Sc., P. Geo., to its Advisory Board.
    Mr. Matysek is the President, CEO and co-founder of Energy Metals
Corporation NYSE Arca: EMU, TSX: EMC and an experienced geochemist/geologist
with a Bachelor of Science degree and a Masters of Science degree in Geology.
Energy Metals Corporation has recently been acquired by Uranium One, a deal
valued at over one billion dollars. With over 25 years of domestic and
international experience, Mr. Matysek is a recognized entrepreneur
specializing in developing resource-based companies from conception to
production. Mr. Matysek has held senior management and/or director positions
with several natural resource exploration and development companies. These
have included, First Quantum Minerals, First Majestic Resources, Vannessa
Ventures Ltd and Dundarave Resources Ltd. Mr. Matysek has been instrumental in
the acquisition and development of a number of significant precious metal and
base-metal properties and has been involved in raising over $200 million
dollars for various exploration and development projects since 1999. He is
also a member of the Association of Professional Engineers and Geoscientists
of British Columbia.
    Mr. Jonathan George, President of Georgia stated, "We are delighted that
Mr. Matysek has agreed to join the Company's advisory board. He brings with
him a wealth of experience and knowledge and we look forward to his
contributions as we move forward with the development of the El Creston
Molybdenum project."
    Georgia hereby advises its shareholders and capital markets that is not
invested in any short-term commercial paper or asset-backed securities. The
Company's cash is invested in a Bank of Nova Scotia Bearer Deposit Note.

    About Georgia Ventures Inc.: Georgia Ventures Inc. is a Canadian mineral
exploration company focused on the development of the El Creston Molybdenum
deposit in Sonora, Mexico. The El Creston Molybdenum deposit contains the
following mineral resources at a 0.035% Mo Cut-off grade:

    
    Category                Tonnes        Mo%       Cu%    Mo lbs    Cu lbs
    --------                ------        ---       ---    ------    ------
                                                          millions  millions
                                                          --------  --------

    Indicated             92,873,000     0.083     0.060    169.9     122.8
    Inferred              84,221,000     0.076     0.050    141.1      92.8


    1. Mineral resources which are not mineral reserves do not have
       demonstrated economic viability. The estimates of mineral resources
       may be materially affected by environmental, permitting, legal, title,
       taxation, sociopolitical, marketing or other relevant issues.
    2. The quantity and grade of reported inferred resources in this
       estimation are conceptual in nature and there has been insufficient
       exploration to define these inferred resources as an indicated or
       measured mineral resource and it is uncertain if further exploration
       will result in upgrading them to an indicated or measured mineral
       resource category.
    

    Dr. Luca Riccio, PhD., P. Geo, a Qualified Person as defined by National
Instrument 43-101, is responsible for the technical information contained in
this News Release.


    On behalf of the Board

    (Signed) "Jonathan W. George"
    President


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


    Forward Looking Statements: The above contains forward looking statements
that are subject to a number of known and unknown risks, uncertainties and
other factors that may cause actual results to differ materially from those
anticipated in our forward looking statements. Factors that could cause such
differences include: changes in world commodity markets, equity markets, costs
and supply of materials relevant to the mining industry, change in government,
and changes to regulations affecting the mining industry. Forward-looking
statements in this release include statements regarding future exploration
programs, operation plans, geological interpretations, mineral tenure issues,
and mineral recovery processes. Although we believe the expectations reflected
in our forward looking statements are reasonable, results may vary, and we
cannot guarantee future results, levels of activity, performance, or
achievements.

    This News Release is not intended for distribution in the United States.




For further information:

For further information: Mr. Jonathan George, (604) 694-0005, (604)
684-9365 (FAX), www.georgiaventures.com; Renmark Financial Communications
Inc.: Christine Stewart: cstewart@renmarkfinancial.com; Tina Cameron:
tcameron@renmarkfinancial.com; Media - Adam Ross: aross@ renmarkfinancial.com,
(514) 939-3989, Fax: (514) 939-3717, www.renmarkfinancial.com

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CRESTON MOLY CORP.

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