Mr. Michael England reports

GEONOVUS ANNOUNCES PRIVATE PLACEMENT

GeoNovus Minerals Corp. has arranged a non-brokered private placement of two million units at a price of six cents per unit for gross proceeds of up to $120,000.

Each unit consists of one common share and one common share purchase warrant. Each warrant entitles the holder to purchase an additional share at a price of 10 cents per share for 24 months. The warrants issued with the units sold will be subject to an acceleration provision. After four months have elapsed from closing, if the company's shares trade above 15 cents for 20 consecutive trading days, the company has the option to provide notice to the warrantholders that their warrants will expire if they are not exercised within 30 days.

The proceeds from the private placement will be used for general working capital.

Finders' fees may be payable on the private placement.

We seek Safe Harbor.