Mr. Mario Pezzente reports

GERMANIUM MINING CLOSES FIRST TRANCHE OF FLOW-THROUGH OFFERING

Germanium Mining Corp. has closed the first tranche of a non-brokered private placement consisting of one million flow-through units at a price of 24 cents per FT unit for gross proceeds of $240,000.

Each FT unit consists of one common share of the company to be issued as a flow-through share (as defined in Subsection 66(15) of the Income Tax Act (Canada)) and one-half of one common share purchase warrant. Each warrant entitles the holder thereof to acquire one non-flow-through common share at a price of 30 cents per warrant share for a period of three years from the closing of the offering.

The aggregate gross proceeds from the offering are intended to be used to complete mapping and sampling this summer at the company's flagship project known as Lac du Km 35 before the company's anticipated maiden drilling program at the project this fall.

In connection with the offering, the company paid to an arm's-length party a finder's fee of $19,200 in cash and issued 80,000 non-transferable finder warrants entitling the holder thereof to purchase shares at an exercise price of 24 cents per share for a period of three years from the closing date.

All securities issued in connection with the offering are subject to a statutory hold period expiring four months and one day after the closing date.

About Germanium Mining Corp.

Germanium Mining is a publicly traded exploration company focused on the development of highly prospective, discovery-stage mineral properties located in some of Canada's top mining jurisdictions.

We seek Safe Harbor.