Shareholders approve private placement and share consolidation and management changes announced


    TORONTO, July 16 /CNW/ - Geoinformatics Exploration Inc. (TSX-V: GXL)
("Geoinformatics" or the "Company") is pleased to announce that its
shareholders have approved the $25 million private placement with Geologic
Resource Partners LLC ("GRP") at the Company's annual and special meeting of
shareholders held in Toronto, Ontario on July 11, 2008. Minority shareholders
(excluding GRP) voted 92% in favour of the transaction. Closing of the private
placement, which is subject to the completion of due diligence and
documentation, is expected to occur prior to the end of July. Shareholders
also overwhelmingly approved a special resolution to consolidate the issued
and outstanding common shares of the Company of the basis of one new common
share for each ten existing common shares, which will occur following the
closing of the GRP private placement.
    GRP is the investment manager for a family of Geologic Resource funds
(collectively "GRF"), which currently hold 24.1 million common shares of
Geoinformatics (approximately 17.4% of the common shares outstanding). Under
the GRP private placement, GRP will subscribe for 156.25 million common shares
of Geoinformatics at a price of $0.16 per share and, upon completion, GRF and
GRP, collectively, will hold 180.3 million common shares of the Company,
representing approximately 61.2% of the 294.8 million post-placement
outstanding shares. Geoinformatics will have 29.5 million shares outstanding
following completion of the GRP private placement and the share consolidation.
    Geoinformatics will use the proceeds from the GRP private placement to
repay the entire principal amount of the Company's outstanding US$20 million
secured debentures held by GRF, to advance the Company's key resource projects
and for working capital.
    Shareholders re-elected Mr. Kevin L. Snook, Dr. Nicholas Archibald,
Dr. Michael Etheridge, Ms. Rosie Moore and Mr. John Kanellitsas as directors
of the Company. Ms. Moore and Mr. Kanellitsas joined the Company's board of
directors on June 11, 2008 in connection with the announcement of the GRP
private placement.
    Shareholders also approved appointment of the Company's auditors,
McGovern, Cunningham, Hurley, LLP, and the re-approval of the amendment of the
Company's 2004 Amended and Restated Stock Option Plan.
    As part of an ongoing strategic review, the Geoinformatics' board of
directors has reached a decision to focus the Company's activities on
development of the current North America project portfolio, primarily the
Whistler Project in Alaska and the La Noria Project in Mexico. As part of this
process, the Company's operations will be consolidated in Vancouver.
Dr. Archibald, Geoinformatics' Chief Executive Officer has advised the board
that he will step down to ensure the Company has a North American-based CEO to
lead the project development initiative. Mr. Snook, the Company's Chairman,
will assume the role of CEO, and Dr. Archibald will remain as Executive Vice
Chairman for an interim period to assist in the formulation of a business plan
for the longer-term development of the Company's geo-science capabilities. In
addition, Mr. Darren Holden, the Company's Executive Vice President,
Operations, will assume the role of Chief Operating Officer, while retaining
his responsibilities for exploration and development of the Company's

    About Geoinformatics

    Geoinformatics is a North American-focused minerals exploration company
which has developed a unique approach to exploration applying innovative and
proprietary technology.
    The Company announced an independent NI 43-101-compliant mineral resource
estimate with an Indicated Resource of 840,000 ounces of gold and an Inferred
Resource of 2.7 million ounces on the initial discovery zone at the Whistler
Project in southern Alaska. The Indicated category contains 30 million tonnes
grading 0.87 g/t gold, 2.46 g/t silver and 0.24% copper and the Inferred
category contains 155 million tonnes grading 0.62 g/t gold, 2.15 g/t silver
and 0.19% copper. Significant copper and silver mineralization increases the
Indicated gold-equivalent mineral resource to 1.3 million ounces and the
Inferred mineral resource to 4.4 million ounces.
    Geoinformatics is also actively exploring several advanced projects
located in Sonora (Mexico), Utah, the Cortez Trend region of Nevada, and
British Columbia. Geoinformatics 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 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.

    %SEDAR: 00007774E

For further information:

For further information: Mr. Kevin L. Snook, Chairman, Tel: (416)
861-1300 x226, Email:; Ms. Petra Decher, President &
Chief Financial Officer, Tel: (416) 861-1300 x225, Email:; Geoinformatics Exploration Inc., 330 Bay Street, Suite
1109, Toronto, Ontario, M5H 2S8,

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