GEOVIC
ANNOUNCES NOMINATION OF DR. PAUL ROSE FOR ELECTION TO BOARD OF
DIRECTORS
April 27, 2010 – Denver, CO - Geovic Mining Corp. (“Geovic” or
the “Company”, TSX:GMC, OTC.BB:GVCM) is pleased to announce that Dr. Paul
Rose has been nominated for election to the Geovic Mining Board of Directors,
joining the eight present Directors, all of whom were also nominated.
If elected, he would become the Company’s sixth independent director.
Dr. Rose, an early investor in Geovic, Ltd., the Company’s
predecessor prior to the RTO transaction that took it public in December
2006, is a beneficial owner of more than 9% of the Company’s outstanding
Shares as of the Record Date. Dr. Rose has been an Anesthesia Staff
Physician with Legacy Emanuel Hospital in Portland, Oregon since 1990, is a
founding member and former Director of the Oregon Anesthesiology Group
(“OAG”), and serves as Chairman of OAG’s Pension Committee.
The Annual Stockholders’ meeting at which directors will be elected
will be held on Friday, June 11th at 10:00 a.m. at the Sheraton Airport Hotel
in Portland, Oregon. The Company’s Proxy Statement and Annual Report
will be available to Stockholders well in advance of the meeting.
“The Board is pleased that Paul has agreed to stand as a nominee for
election to the Board of Directors”, states Wade Nesmith, Chairman of Geovic
Mining. “Through his long time association with the Company, Paul has
spent countless hours studying its business, and brings with him a valuable
and diverse skill set. We look forward to working with him, and
benefiting from his expertise as we move Geovic Cameroon towards production.”
About Geovic
Geovic is a U.S.-based corporation whose principal asset is 60%
ownership of a significant cobalt-nickel-manganese deposit in the Republic of
Cameroon, Africa. Additional Company initiatives and Project
information may be found on the websites www.geovicenergy.com, www.sedar.com, and www.sec.gov. For
more information, please go to www.geovic.net
or contact:
Andrew C. Hoffman, CFA
San Diego
Torrey Hills Capital
Vanguard Shareholder
Solutions
V.P., Investor
Relations
Direct (858)
456-7300
Direct (604)
608-0824
Geovic Mining Corp.
info@torreyhillscapital.com
Toll-Free
(866)
801-0779
Direct (720)
350-4130
ir@vanguardsolutions.ca
Toll-Free (888) 350-4130
ahoffman@geovic.net
On behalf of the Board
John E. Sherborne, CEO and Director
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