Andrew Hoffman, Geovic Mining V.P. Investor Relations travels to Nkamouna cobalt/nickel/manganese project in Cameroon

February 25, 2009

Investors and Potential Investors,

Sometimes the rigors of work can be very rewarding. Last week, I took a memorable trip to see our Nkamouna cobalt/nickel/manganese project near Kongo village in the Eastern  Province of Cameroon, Africa.

As a former sell side equity analyst, I spent nearly a decade analyzing the actions of companies and their managements. But aside from a few brief site visits (usually "rig tours", as I worked in the oil industry), I never really got a sense for what it actually means to be personally involved.

One really must operate within the company to understand the travails of developing a multiyear, multi-million dollar project, particularly in a foreign land. And in the case of Geovic, Nkamouna represents the first major mining project in Cameroon's history, so there is an added level of hope, expectation, and responsibility.

The main concept that struck me was the sheer scope of conducting a mine operation in triple canopy rain forest. Nkamouna, the smallest of seven similar mineral deposits controlled by Geovic Cameroon ("GeoCam"), covers less than 10% of the entire 1,250 square kilometer (483square mile) mine permit. But when you drive through it, completely covered with trees 100-plus feet high, and realize that nearly all of it is expected to be mined, you realize just how vast and long-lived the project has the potential of becoming.

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