GM Geo Minerals Ltd

GEO MINERALS LTD. ("GEO" or the "Company") (TSX VENTURE:GM) is pleased to
announce that on December 16, 2011, it received the final approvals from the
British Columbia Supreme Court with respect to the previously announced
acquisition of Geo by New Gold Inc. ("New Gold") pursuant to a plan of
arrangement under the British Columbia Business Corporations Act (the
"Arrangement"). 


It is anticipated that the Arrangement will be effected on Tuesday, December 20,
2011 with an effective closing date of Wednesday, December 21, 2011. As such,
Monday, December 19, 2011 will be the last trading day on which holders of Geo
securities will be eligible to participate in the Arrangement.


Geo Minerals Ltd. is a junior mineral exploration company actively seeking
mineral opportunities for the benefit of all our stakeholders. For further
information we invite you to visit us at www.geominerals.ca.


ON BEHALF OF THE BOARD

Michael England, President and Director 

Geo Minerals Ltd.

Cautionary Note Regarding Forward-Looking Statements

Certain information contained in this news release, including certain
information relating to the proposed transaction between Geo and New Gold, may
be deemed "forward looking". All statements in this news release, other than
statements of historical fact, that address events or developments that Geo
expects to occur, are "forward-looking statements." Forward-looking statements
are statements that are not historical facts and are generally, but not always,
identified by the words "expects", "anticipate", "intends", "estimates" and
similar expressions, or that events or conditions "will", "would", "may",
"could", "should" or "might" occur. All such forward-looking statements are
based on the opinions and estimates of management as of the date such statements
are made and are subject to important risk factors and uncertainties, many of
which are beyond Geo's ability to control or predict. Forward-looking statements
are necessarily based on estimates and assumptions (including that the proposed
transaction will be completed successfully on the terms agreed upon by the
parties) that are inherently subject to known and unknown risks, uncertainties
and other factors that may cause actual results, level of activity, performance
or achievements to be materially different from those expressed or implied by
such forward-looking statements. 


Such risks include, without limitation: the ability to obtain all necessary
approvals and court orders to complete the proposed transaction; changes in
legislation in British Columbia and Canada or in other jurisdictions that Geo
may operate in that may affect the proposed transaction or its operations;
controls, regulations and political or economic developments in British Columbia
and Canada; the speculative nature of mineral exploration and development,
including the risks of obtaining and maintaining the validity and enforceability
of the necessary licenses and permits and complying with the permitting
requirements in British Columbia; competition; loss of key employees; additional
funding requirements; actual results of current exploration or reclamation
activities; changes in project parameters as plans continue to be refined;
accidents; labour disputes; defective title to mineral claims or property or
contests over claims to mineral properties. In addition, there are risks and
hazards associated with the business of mineral exploration, development and
mining, including environmental hazards, industrial accidents, and unusual or
unexpected formations. Forward-looking statements are not guarantees of future
performance, and actual results and future events could materially differ from
those anticipated in such statements. All of the forward-looking statements
contained in this news release are qualified by these cautionary statements. Geo
expressly disclaims any intention or obligation to update or revise any
forward-looking statements, whether as a result of new information, events or
otherwise, except in accordance with applicable securities laws.

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