Developing Mexico’s Largest Molybdenum Deposit
El Creston property hosts NI 43-101 indicated resource of 169 Million lbs. and inferred 141 million lbs. of Molybdenum
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AGORACOM News Flash

HAPPY 4TH OF JULY TO ALL OF OUR AMERICAN FRIENDS !!

 

Creston Moly Corp. > Press Release
Agoraa

Land position expanded around Creston Molybdenum deposit, Mexico

Posted by: AGORACOM on July 24, 2007 02:55PM

VANCOUVER, July 24 /CNW Telbec/ - Georgia Ventures Inc. ("Georgia" or the "Company") (TSX-V: GVI) (FRANKFURT: G4Y) is pleased to announce that its wholly owned Mexican subsidiary, Exploraciones Global S.A de C.V. ("Global"), has received confirmation of title from the government of Mexico for the Metzli 4 claim.

The Metzli 4 claim was acquired by staking and covers approximately 15,500 hectares. Georgia's land position at Creston now totals approximately 18,000 hectares (45,000 acres). The Metzli 4 claim covers previously identified molybdenum anomalies external to the main Creston Molybdenum deposit.

The Creston Molybdenum deposit is the most advanced open pit molybdenum deposit in Mexico. It was extensively explored by Amax in the 1970's and early 80's leading the completion of an internal feasibility study. A recent 43-101 compliant resource estimate by P&E

Mining Consultants shows the Creston Molybdenum deposit contains the following mineral resources at a 0.035% Mo Cut-off grade:

Category Tonnes  Mo% Cu%  Mo lbs Cu lbs

Indicated 92,873,000 0.083 0.060 169.9 122.8

Inferred 84,221,000 0.076  0.050  141.1  92.8

Click here to see disclaimer

Dr. Luca Riccio, PhD., P. Geo, a Qualified Person as defined by National Instrument 43-101, is responsible for the technical information contained
in this News Release.
On behalf of the Board

(signed) "Jonathan W. George"
President

The TSX Venture Exchange has not reviewed and does not accept responsibility for the adequacy and accuracy of this release. Forward Looking Statements: The above contains forward looking statements that are subject to a number of known and unknown risks, uncertainties and other factors that may cause actual results to differ materially from those anticipated in our forward looking statements. Factors that could cause such differences include: changes in world commodity markets, equity markets, costs and supply of materials relevant to the mining industry, change in government, and changes to regulations affecting the mining industry. Forward-looking statements in this release include statements regarding future exploration programs, operation plans, geological interpretations, mineral tenure issues, and mineral recovery processes. Although we believe the expectations reflected in our forward looking statements are reasonable, results may vary, and we cannot guarantee future results, levels of activity, performance, or achievements.

This News Release is not intended for distribution in the United States.

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Jonathan George, President & CEO
Episode 2
November 27, 2007

Jonathan George gives company update and discusses supply demand dynamics of the moly market.

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