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File: GNMNews 12-09-14 Corporate Update.docx



Suite 1220 - 789 West Pender Street
Vancouver, BC, Canada V6C 1H2
Telephone (604) 683-3995
Facsimile (604) 683-3988
Toll Free: 1 888 945-4770
www.geonovusminerals.com
info@geonovusminerals.com

GEONOVUS CORPORATE UPDATE
 
December 9th, 2014, VANCOUVER, B.C. - GEONOVUS CORP. (GNM - CSE) (GMINF - USA) ("GeoNovus" or the "Company") announces
---> the following corporate update to its shareholders. 

Scotia Property:

The Company has entered into an agreement with Glenmark Capital Corp. whereby Glenmark can earn a 100-per-cent interes
--->t in the Scotia zinc-silver project, which covers an area of about 4,040 hectares in the Skeena mining division, about
---> 40 kilometres southeast of Prince Rupert in west-central British Columbia, Canada. Glenmark can earn a 100-per-cent i
--->nterest by paying in stages $375,000 and completing $750,000 in exploration expenditures over 36 months. The 100-per-c
--->ent interest is subject to an underlying 2-per-cent net smelter return royalty payable to Doublestar Resources Ltd., w
--->ith an additional 1/2-per-cent NSR payable to GeoNovus, of which 1 per cent can be purchased by Glenmark for $1-millio
--->n. This transaction is subject to TSX Venture Exchange approval.

Corona Project:

Company geologists continue to assess 2014 drill results and other data to determine upcoming programs.

Affinor License:

The Affinor licensing agreement, announced October 23, 2014, remains intact and the Company is assessing various land 
--->scenarios suitable for this project as well as other options.

Langley land:

The Company has determined to not proceed with the acquisition of land in Langley as announced October 29, 2014.

Uruguay:

GeoNovus management is currently assessing its options with regards to the Uruguay operations. 

The Company also announces the cancellation of the non-brokered private placement of 2 million units at a price of $0.
--->06 per unit announced October 30th, 2014.

For further information please contact: 604-683-3995 or info@geonovusminerals.com  

ON BEHALF OF THE BOARD
Michael England         President & CEO

CONTACT INFORMATION
Suite 1220 - 789 West Pender Street
Vancouver, British Columbia, V6C 1H2
Telephone (604) 683-3995
Toll Free: 1 888 945-4770
Facsimile: 1-604-683-3988
www.geonovusminerals.com
info@geonovusminerals.com 


Forward-Looking Statement
Some of the statements in this news release contain forward-looking information, including with respect to the Company
--->'s anticipated operations in Uruguay, the Uruguayan cannabis, industrial hemp and medical marijuana industries, the Ca
--->nadian medical marijuana industry and the US marijuana industry that involves inherent risk and uncertainty affecting 
--->the business of the Company, including risks regarding operations in a foreign country. Actual results may differ mate
--->rially from those currently anticipated in such statements. No assurance can be given that any of the events anticipat
--->ed by the forward-looking statements will occur, or, if they do occur, what benefits the Company will obtain from them
--->.  These forward-looking statements reflect management's current views and are based on certain expectations and assum
--->ptions which may prove to be incorrect.  The forward-looking information is provided as at the date of this news relea
--->se.