Anglo American and Gedex Form Strategic Alliance

    TORONTO, Dec. 5, 2007 /CNW/ - Gedex, a private Canadian corporation, and
Anglo American plc are pleased to announce they have established a multi year
strategic alliance aimed at developing and exploiting Gedex's next generation
resource exploration system.
    The new proprietary multi-axis Gedex High Definition Airborne Gravity
Gradiometer (HD-AGG(TM)), which is expected to be a breakthrough airborne
survey technology, is already gaining international recognition from major
resource companies seeking enhanced refinement and effectiveness in exploring
for precious metals, minerals, and oil and gas.
    Anglo American, a global leader in exploration and mining technology,
plans to fund airborne test work and to help develop applications for mineral
exploration. If these tests are successful, Anglo American plans to deploy the
Gedex system among its geographically diverse group companies with interests
encompassing copper, nickel, platinum, coal, diamonds, zinc, iron ore, and
other metals.
    "We are committed to maintaining our position as a world leader in the
application of advanced technologies to the exploration and evaluation of
resources," said Dr. Owen Bavinton, Anglo American's Head of Exploration and
Geology. "We anticipate that Gedex's advanced high definition gravity
gradiometry will become a valued complement to our leading SPECTREM EM and
other search technologies."
    "Gedex's existing strategic agreement is with the largest diamond
producing company. The first generation system is expected to begin airborne
tests during the first half of 2008. Now Anglo American will seek to develop
and apply a second generation version of the HD-AGG(TM) technology in the
broader mineral exploration sector, supporting further research aimed at
validating our system," said Robbie C. Banks, Gedex President and Chief
Executive Officer. "We are extremely delighted to have a world leading
exploration company like Anglo American as our second strategic alliance."
    The prospective scope of the Gedex technology continues to expand from
diamonds to other minerals and into the energy sector following introduction
of its unique oil sands application which is expected to help identify oil
pockets, understand potential reserves, increase production and cash flow,
while greatly reducing costs, said Mr. Banks.
    "The value of our technology is gaining recognition with resource
companies," said Mr. Banks. "We believe the Gedex HD-AGG(TM) technology is
capable of creating a material difference in resource exploration."

    Gedex Inc. is a private Canadian company, headquartered in Toronto,
Canada. Gedex's next generation airborne gravity gradiometer system is
expected to provide images of subsurface density that, independently and in
conjunction with other data, provide valuable information in exploring for and
delineating subsurface resources. The Gedex HD-AGG(TM) system has been
designed to operate year round and be environmentally friendly. It is
protected by exclusive licenses, patents, and intellectual property. Gedex was
awarded the Mining Journal's inaugural research award for "...research that is
expected to have the most significance for mining and mining equipment in the
future". (

    Anglo American plc is one of the world's largest mining and natural
resource groups. With its subsidiaries, joint ventures and associates, it is a
global leader in platinum, gold and diamonds, with significant interests in
coal, base and ferrous metals and industrial minerals. The Group is
geographically diverse, with operations in Africa, Europe, South and North
America, Australia and Asia. (

For further information:

For further information: George Soteroff, Senior V.P. Investor Relations
and Corporate Affairs, Telephone: +1 905 281 0766, Ext. 1103, Mobile: +1 416
434 9678,;

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