Geovic Mining Announces Commencement of Trading on OTC Bulletin Board

GRAND JUNCTION, COLORADO, Aug 27 (MARKET WIRE) --
Geovic Mining Corp. ("Geovic" or "The Company") (TSX: GMC)(OTCBB: GVCM)
is pleased to announce that it has commenced trading on the Over the
Counter Bulletin Board(R) Market ("OTC BB") under the trading symbol
"GVCM" as of Wednesday, August 27, 2008. Newbridge Securities Corporation
of Florida registered with the OTC BB as a market maker in the securities
of the Company.

The OTC BB is a regulated quotation service that displays real-time
quotes, last-sale prices, and volume information in over-the-counter
(OTC) equity securities, including U.S.-based securities, foreign
securities and ADR's. It provides access to more than 3,300 securities,
and includes more than 230 participating Market Makers.

Geovic is a Toronto Stock Exchange (TSX) listed company that went public
via a reverse takeover (RTO) transaction in December 2006, followed by
two public offerings in early 2007. Subsequently, Geovic became a
reporting issuer under the Securities and Exchange Act of 1934 in
mid-2007, and is now subject to all reporting requirements in both Canada
and the United States.

Geovic Background

Geovic is a U.S.-based corporation whose principal asset is a significant
cobalt-nickel-manganese deposit in the Republic of Cameroon, with initial
production scheduled for late 2010. Geovic owns 60% of seven
cobalt-nickel-manganese deposits located on a 1,250 square kilometer Mine
Permit in Cameroon. Nkamouna, the first property planned for production,
has proven and probable reserves of 299 million pounds Cobalt, 830
million pounds Nickel, and 1,606 million pounds Manganese.

Additional Company and Project information may be found on the websites
www.geovic.net, www.sedar.com and www.sec.gov.

On behalf of the Board

John E. Sherborne, CEO

The foregoing information may contain forward-looking statements relating
to the future performance of Geovic Mining Corp. Forward-looking
statements, specifically those concerning future performance, are subject
to certain risks and uncertainties, and actual results may differ
materially. These risks and uncertainties are detailed from time to time
in Geovic's filings with the Canadian securities regulatory authorities
and the Securities and Exchange Commission.

Contacts:
Geovic Mining Corp.
Andrew Hoffman
V.P., Investor Relations
(720) 350-4130 or Toll Free: 1-888-350-4130
Email: ahoffman@geovic.net
Website: www.geovic.net

Vanguard Shareholder Solutions
(604) 608-0824 or Toll Free: 1-866-801-0779
Email: ir@vanguardsolutions.ca

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