Geovic Mining Appoints Conrad Houser as President of Geovic Energy

Geovic Mining Appoints Conrad Houser as President of Geovic Energy

Geovic Mining Corp. announced the appointment of Conrad B. Houser to the position of Senior Vice President, as well as President of Geovic Energy Co., a wholly-owned subsidiary.

Mr. Houser has more than 25 years experience in international mining activities, including project management, strategic planning, finance, administration, mine design, environmental permitting, compliance, and marketing. Additionally, as a registered attorney, he has frequently served as an expert witness in many U.S. and international litigation matters. With experience in numerous countries, including Australia, Brazil, England, Japan, Kenya, Korea, Thailand, the Netherlands, Turkey, and Zambia, in many products including precious metals, coal, trona, limestone, and phosphates, he adds a new dimension to Geovic.

Mr. Houser gained a Professional Engineering license in Colorado after earning engineering degrees from both the United States Air Force Academy in Colorado Springs and Rice University in Houston. He later studied law at Brigham Young University, graduating with honors in 1975.

“Conrad brings wide-ranging knowledge of natural resource recovery, environmental compliance, government relations and corporate development to Geovic,” said John E. (Jack) Sherborne, CEO of Geovic Mining. “He has a track record of providing the vision to create corporate goals, as well as the leadership and planning skills necessary to meet such targets. He is ideally suited to build on Geovic’s strong business foundation, and lead its energy segment to an exciting future.”

Aside from its core cobalt/nickel/manganese operations in Cameroon, Africa, Geovic in 2007-08 (through Geovic Energy) completed several transactions, including:

1) Leased 103 square miles (267 sq km) of uranium properties in the Denver-Cheyenne Basin of Northeast Colorado and Southeast Wyoming 2) Leased 12.8 square miles (33 sq km) of prospective gold/uranium properties in the Whetstone Mountains near Tucson, Arizona 3) Acquired 18.4 square miles (47.7 sq km) of potential uranium-bearing properties in the Great Divide Basin, Wyoming 4) Acquired a one-square mile (2.6 sq km) gold prospect in Northwestern Arizona, and

5) Acquired a 20% interest in three oil and gas prospects in the Powder River Basin, Wyoming

During the last commodities boom in the 1970s and 1980s, several members of Geovic’s senior management team had extensive experience working on these specific projects, many of which host historical mineral deposits, or on related projects in these geographic regions. Consequently, the Company aims to re-evaluate or explore these projects further in the coming years. To date, the only funds expended by Geovic Energy have been for nominal lease costs and surface geological mapping and re-sampling work. More detail will be provided on these projects over the next several months, and posted on the Company’s website,

Geovic is a U.S.-based corporation whose principal asset is a significant cobalt-nickel-manganese deposit in the Republic of Cameroon, with initial production scheduled for late 2010. Additionally, the company controls a diverse portfolio of energy, precious metals, and uranium projects in the United States, operated through its wholly-owned subsidiary Geovic Energy.

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