Geo Announces Inmet Deals

VANCOUVER, BRITISH COLUMBIA, Nov 17 (MARKET WIRE) --
GEO MINERALS LTD. (TSX VENTURE: GM) (The "Company" or "Geo") is pleased
to announce it has entered into two separate option agreements with Inmet
Mining Corp. (TSX: IMN) to explore the Company's porphyry copper projects
located in the Arizona porphyry copper province. Inmet will have the
option to earn a 70-percent interest in the Company's Red Hills property
and a 70-percent interest in the Company's Middle Mountain property by
making cumulative cash payments of $675,000 and exploration expenditures
of $2,000,000 over five years on each of the Projects. Both option
agreements are subject to conditions precedent, including the receipt of
any necessary third party approvals.

The Projects represent exploration targets that lie within a broad belt
of porphyry-copper mineralization that stretches from Globe-Miami (in
production by Freeport-McMoRan Copper & Gold, BHP-Billiton, and Quadra
Mining) westward through the deposits at Resolution (in development by
Rio Tinto-BHP), Ray (in production by ASARCO), and Florence-Poston Butte
(undeveloped). The Company holds its interest in the Projects under
option from Bronco Creek Exploration Inc. ("BCE"), a target-generation
team based in Tucson, Arizona. BCE geologists originally identified the
targets at Middle Mountain and Red Hills through surface mapping of
porphyry-style alteration and mineralization; analysis of existing
geologic maps, geochemical and geophysical data; and reconstructions of
regional and district structural geology.

The Middle Mountain property covers approximately 7,070 acres and is
located in the westernmost foothills of the Tortilla Mountains
approximately 16 kilometres southeast of Florence, Arizona. On Jan. 8,
2009, the Company announced results of the first-phase drill program at
Middle Mountain, which consisted of two reverse-circulation drill holes
(1,000 and 1,200 feet (300 to 360 metres), respectively) and six shallow
holes (ranging from 168 to 600 feet (51 to 182 metres)). Intense
sericite-pyrite alteration typical of the outer pyritic shell related to
a porphyry copper-molybdenum deposit was intercepted in eastern portions
of the project area in hole MM-13 at a depth of 680 feet (207 metres), in
MM-19 at 498 feet (151 metres) and in MM-20 at 80 feet (24 metres).
Sodic-calcic alteration, which typically defines the deep flanks of a
porphyry system center, was identified in MM-17 and MM-18 in the
northwest portion of the property position and is consistent with BCE's
structural model of the hydrothermal system as dismembered and rotated
approximately 90 degrees. Based upon these results, a follow-up drill
program has been designed to target prospective zones just southwest of
the first-phase drilling.

The Red Hills project is located five miles north of the Middle Mountain
project, also in the westernmost foothills of the Tortilla Mountains, and
covers approximately 7,461 acres. Outcrops in the Red Hills area display
a portion of a large rotated and dismembered porphyry copper system.
Within these limonite-stained outcrops, a large low-grade historic
resource has been defined that borders the Company's property position.
The hills are composed of Precambrian granitic and diabasic rocks, and
represent tilted fault-bound structural blocks marked by outcrops of
steeply east-dipping post-mineral sedimentary rocks. The host-rocks are
cross-cut by a number of pebble dikes containing copper-mineralized
clasts and swarms of porphyry dikes. The outcropping porphyry dikes are
spatially associated with zones of sericitic alteration containing
quartz-sulfide veins that locally contain copper oxides. In the
westernmost outcrops, in addition to sericitic alteration, zones of
biotitic alteration are observed. BCE geologists interpret the observed
alteration and mineralization to represent the uppermost levels of a
porphyry copper system. The eastward-tilted structural blocks, the
westward zoning of sericitic to biotitic alteration, and the presence of
mineralized clasts in the pebble dikes all suggest that the deeper, more
productive portions of the system lie to the west beneath cover rocks
within the Company's property position. On Jan. 8, 2009, the Company
announced results of the first-phase drill program at the Red Hills
project, including an interception of exotic copper oxide mineralization.
Continued exploration under this agreement with Inmet will further target
buried deeper levels of the exposed porphyry copper system.

"We are very pleased to have made this arrangement with Inmet. This
agreement allows Geo to create shareholder value without diluting its
capital structure. While we have the early stage exploration expertise,
Inmet will have the financial and technical horsepower to bring a huge
copper porphyry to production, should a discovery be made," stated
Company president and chief executive officer Mike England.

The technical contents of this release were approved by Geo director and
qualified person as defined by National Instrument 43-101, Marvin
Mitchell, P.Eng.

For further information we invite you to visit us at www.geominerals.ca.

Geo Minerals is a junior exploration company actively seeking mineral and
energy opportunities for the benefit of all our stakeholders.

ON BEHALF OF THE BOARD

Michael England, President

Neither TSX Venture Exchange nor its Regulation Services Provider (as
that term is defined in the policies of the TSX Venture Exchange) accepts
responsibility for the adequacy or accuracy of this release.

Contacts:
Geo Minerals Ltd.
Michael England
President
1-604-683-3995 or Toll Free: 1-888-945-4770
604-683-3988 (FAX)
www.geominerals.ca

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