Mr. Michael England reports
EARLY WARNING REPORT
Soon Deuk Lee of 1603, 2979 Glen Dr., Coquitlam, B.C., acquired ownership and control of three million flow-through units of GeoNovus Minerals Corp. through the facilities of the TSX Venture Exchange at a price of five cents per unit on Dec. 20, 2013. The three million shares and three million warrants comprising the units acquired by Ms. Lee represent 11.2 per cent of the company's issued and outstanding common shares on a non-diluted basis or 17.6 per cent of the company's issued and outstanding common shares, calculated on a partially diluted basis assuming the exercise of the subscriber's warrants and stock options.
After giving effect to the acquisition referred to herein, Ms. Lee beneficially owns a total of 4,428,000 shares, three million warrants and 100,000 stock options, which collectively represent 17.6 per cent of the company's issued and outstanding common shares, calculated on a partially diluted basis assuming the exercise of Ms. Lee's warrants and stock options.
Ms. Lee acquired the units for investment purposes. Ms. Lee intends to evaluate the investment in the company and to increase or decrease her shareholdings as she may determine for investment purposes.
This press release is being disseminated as required by National Instrument 62-103 (the early warning system and related takeover bids and insider reporting issues) in connection with the filing of an early warning report. A copy of the early warning report may be found on SEDAR under the company's profile.
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