GEOSAM CAPITAL INC. ANNOUNCES ADDITIONAL INVESTMENT IN WGI HEAVY MINERALS, INCORPORATED

TORONTO, Feb. 7 /CNW/ - Geosam Capital Inc. ("Geosam") announces that on February 7, 2011, it acquired 471,000 shares of WGI Heavy Minerals, Incorporated ("WGI") at a cost of $0.44 per share, representing approximately 2.02% of the outstanding shares of WGI, bringing its total holdings in WGI to 1,101,000 shares representing approximately 4.71% of the outstanding shares of WGI.

The WGI shares held by Geosam, George Armoyan, the President of Geosam, and members of his immediate family with whom he resides, total 2,856,845 shares, representing approximately 12.23% of the total outstanding shares of WGI.

The purchase of the shares by Geosam was made through the facilities of the Toronto Stock Exchange for investment purposes. Geosam may, from time to time, acquire additional shares or other securities of WGI, dispose of some or all of the existing or additional shares or other securities of WGI, or continue to hold shares or other securities of WGI in the normal course of Geosam's investment activities.

The issuance of this news release does not constitute an admission by Geosam that it is acting jointly or in concert with Mr. Armoyan and members of his immediate family with whom he resides with respect to shares of WGI.

SOURCE GEOSAM CAPITAL INC.

For further information:

Michael Rapps
Managing Director
Geosam Capital Inc.
TD Canada Trust Tower
161 Bay Street, Suite 2400
P.O. Box 217, Toronto, ON, M5J 2S1
t: (416) 855-1925
f: (416) 640-1834

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GEOSAM CAPITAL INC.

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