Mr. Michael England reports

GEONOVUS ACQUIRES MINK LAKE CLAIMS, ONTARIO

GeoNovus Minerals Corp. has acquired the Mink Lake property located in Chabanel township, Sault Ste. Marie mining division, Ontario. This initial acquisition consists of two claim units (23 hectares) located approximately five kilometres northeast of the town of Wawa. GeoNovus is in negotiations for the surrounding land package as well.

The Mink Lake claims are situated within the Michipocoten greenstone belt, in a broad corridor of variably structurally deformed rocks that host a high frequency of gold occurrences as well as past producers. The area was originally worked in the 1930s, where a gold horizon was discovered within an arsenopyrite-pyrite iron formation. A shallow drill campaign by Canadian Erie Mines in 1936 reported four holes with the following gold intersections: 3.12 grams per tonne over 8.5 metres, 29.65 grams per tonne over 2.2 metres, 3.43 grams per tonne over 4.6 metres and 5.61 grams per tonne over 1.5 metres (H.P. Hutteri, PGeo, 2004, "Exploration Report on the Mink Lake Gold Property, Chabanel Township, Sault Ste. Marie Mining Division, Ontario, Report No. 2.28551).

Noranda Exploration, in 1986, carried out a 14 diamond drill hole program that confirmed the earlier results and recommended additional work to test the zone along strike and at depth. Due to the state of the industry at the time, this work was never carried out, and the zone remains open in all directions (D. Parker, 1987, Project No. 1136, Hemlo, Ont.).

To acquire these two claims, GeoNovus will issue 100,000 shares of the company plus grant a 2-per-cent net-smelter-return royalty to the vendors, of which the company can purchase back 1 per cent for $1-million.

The technical contents of this release were approved by Paul Gray, PGeo, director of GeoNovus Minerals and qualified person as defined by National Instrument 43-101.

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