GM Geo Minerals Ltd

GEO MINERALS LTD. (TSX VENTURE:GM)(FRANKFURT:8G3) ("GEO" or the "Company") is
pleased to announce that it has closed its private placement (the "Private
Placement") previously announced in a news release dated April 5, 2011. Pursuant
to the Private Placement the Company issued 18,333,332 units (the "Units") at a
price of $0.06 per Unit, for gross proceeds of $1,100,000. Each Unit is
comprised of one common share (a "Share") and one non-transferable common share
purchase warrant (a "Warrant"). Each whole Warrant entitles the holder to
purchase one Share at a price of $0.10 per Share for the first 12 months and at
a price of $0.12 for the following 12 months from the date of issuance.


Proceeds from this financing will be used to advance the Company's West
Blackwater property in B.C. as well as for general working capital. Geo is in
the process of permitting for the upcoming work programs. 


No finders' fees were paid in connection with this Private Placement. All
securities issued pursuant to the Private Placement are subject to a hold period
expiring August 28, 2011.


Geo also announces it has determined not to proceed with the 60% option on the
Windfall Property in Quebec (see PR November 15th, 2010) so that it can focus
its efforts on the West Blackwater property. The Company still holds claims in
the area (see PR December 16th, 2010).


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


ON BEHALF OF THE BOARD

Michael England, President

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