GM Geo Minerals Ltd

GEO MINERALS LTD. (TSX VENTURE:GM)(FRANKFURT:8G3) ("GEO" or the "Company") is
pleased to announce that it has successfully amended the terms of the Letter of
Intent ("Agreement") with Eurasian Minerals Inc. ("EMX") through is wholly owned
subsidiary Bronco Creek Exploration Inc. ("BCE"), for the Silver Bell West
property, to settle certain amounts owed to BCE pursuant to the Silver Bell
Agreement. 


As reported by the Company on or around August 28, 2009, the Silver Bell West
property, located about 30 miles northwest of Tucson, consists of 188 mining
claims on more than 3,700 acres immediately adjacent to Asarco's active Silver
Bell Mine. Concurrently, with the Silver Bell West Agreement, the Company
executed a second letter of intent ("Letter") with BCE for the Copper Springs
property, which is located about 90 miles east of Phoenix and consists of 216
mining claims and 640 acres of fee land for a total of more than 5,000 acres in
the Globe-Miami mining district.


Under the terms of the Silver Bell Agreement, the Company had agreed to incur
$2,000,000 in work expenditures, pay cumulative advance royalty payments of
$675,000, issue a total of 800,000 commons shares over the 5-year term of the
lease-option agreement as well as grant a royalty of 2.5% with a provision to
buy back 0.50% for $1 million by the seventh anniversary.


The terms of the Silver Bell West Agreement have been amended such that the
monies due and payable to BCE on the 1st anniversary of the Agreement for
advanced royalty payments of $50,000 and monies due under the property
maintenance clause of the Agreement and reimbursement of completed work programs
totaling $86,183.87 shall be paid by the issuance of 1,231,198 common shares in
the capital of the Company. If the Company elects to terminate its interest in
the Silver Bell property, the Company will return the property and any
additional ground to BCE with a minimum of 3 months (amended from one year)
maintenance fees for federal unpatented mining claims. 


The Company also reports that, as of June 4, 2011, it has decided not to proceed
with the terms of the Copper Springs letter of intent ("Letter"). Under the
terms of the Copper Springs Letter, the Company can be released by BCE for
reimbursement of funds expended during the term of the Letter. To date, monies
due and payable to BCE under the property maintenance clause of the Letter in
addition to reimbursement of funds expended for completed work total $64,508.06,
which shall be paid by the issuance of 921,544 common shares in the capital of
the Company. 


These transactions are subject to final acceptance by the TSX Venture Exchange.

Geo Minerals is a junior mineral exploration company actively seeking mineral
opportunities for the benefit of all our stakeholders. For further information
we invite you to visit us at www.geominerals.ca.


Eurasian Minerals Inc. (TSX VENTURE:EMX) is a Canadian-based junior exploration
company with properties in Haiti, Turkey, Europe, the United States, Kyrgyz
Republic, and Australia/Asia-Pacific.


ON BEHALF OF THE BOARD

Michael England, President, Geo Minerals Ltd.

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