Thursday, September 20, 2007


RENO, Nev., Sep. 20, 2007 (PR Newswire delivered by Newstex) -- Geneva Resources, Inc. ('the Company') (OTC Bulletin Board: GVRS), Marcus Johnson, President of Geneva Resources Inc. and Lori McClenahan, President of St. Elias Mines Ltd. ('St. Elias'), provide the following assay results from 507 soil samples (including 46 quality-control check samples) collected during the ongoing Phase I exploration program at the Vilcoro Gold Property (the 'Property') located in north-central Peru. Geneva has an option to earn a 66% interest in the Property from St. Elias.

Soils were collected from an area measuring approximately 1.7 km by 0.45 km at a sample density of approximately one soil sample per 40 square meters. Almost all samples were from the B or C horizons. The main purpose of the soil-sampling survey was to evaluate those extensive parts of the 'Main Trend' (refer to News Release dated Aug. 15, 2007) that are covered by overburden. Fully 25% of the soil samples returned highly anomalous gold assays ranging from 50 ppb to 481 ppb gold with a mean assay of 91.3 ppb gold. Anomalous gold, as is the case in rock samples, is generally related to anomalous concentrations of arsenic and antimony. Generally, gold anomalies (>50 ppb) are not isolated but form prominent clusters along adjacent sampling transects.

The results of the soil sampling survey suggest that the Main Trend persists beneath overburden. In addition, there is an 18-point gold-in-soil anomaly centered about 200 meters south of the west end of the Main Trend that constitutes a new exploration target. The anomalous zone, which measures approximately 200 meters by 100 meters, is completely covered by overburden. A program of trenching is planned in the near future to evaluate the strongest anomalies obtained from the soil-sampling survey.

Additional work has included the analysis by PIMA (Portable Infrared Mineral Analysis) of 107 rock samples, mainly from the Main Trend, to evaluate alteration assemblages associated with mineralization. The common presence of sulfate in minerals such as gypsum, jarosite and alunite suggests that the Main Trend is a high sulphidation epithermal system. The ubiquity of kaolinite, smectite and illite clay minerals indicates that mineralization took place at low temperatures (100-150 degrees Celsius) and under moderately acidic conditions.

Sample preparation and analytical work was undertaken at ALS Chemex SA laboratory (an ISO certified 9002 facility) in Lima, Peru.

The Vilcoro Gold Property comprises 1,600 hectares and lies along the same geological belt of Tertiary rocks that hosts many multi-million-ounce deposits in northern Peru such as Newmont's Yanacocha Mine (+40 million oz gold) and Barrick's Pierina deposit (8 million oz. gold). The Property is favourably located adjacent to the claim block that covers the Lagunas Norte mine (+9 million oz gold) recently put into production by Barrick Gold in the Alto Chicama mining district of central Peru.

Geneva Resources, Inc. is a mineral exploration company participating in known mineral producing regions. The Company is focused on the exploration and advancement of well-defined gold, copper and mineral prospects. Geneva

Resources' current exploration initiatives include Central Peru; Nigeria, Africa; Saskatchewan, Canada and Panama.

For further information see:  http://www.genevaresourcesinc.com

Symbol: OTCBB - GVRS; Frankfurt/Berlin Symbol - R3M, WKN No.: A0MMCN; ISIN: US3722371073

Contact North America: Investor Relations Tel.: 866-418-6011 Contact Europe: Investor Relations Tel.: +49-69-7593-8437
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THIS NEWS RELEASE CONTAINS 'FORWARD-LOOKING STATEMENTS', AS THAT TERM IS DEFINED IN SECTION 27A OF THE UNITED STATES SECURITIES ACT OF 1933, AS AMENDED, AND SECTION 21E OF THE UNITED STATES SECURITIES EXCHANGE ACT OF 1934, AS AMENDED. STATEMENTS IN THIS NEWS RELEASE, WHICH ARE NOT PURELY HISTORICAL, ARE FORWARD-LOOKING STATEMENTS AND INCLUDE ANY STATEMENTS REGARDING BELIEFS, PLANS, EXPECTATIONS OR INTENTIONS REGARDING THE FUTURE.

EXCEPT FOR THE HISTORICAL INFORMATION PRESENTED HEREIN, MATTERS DISCUSSED IN THIS NEWS RELEASE CONTAIN FORWARD-LOOKING STATEMENTS THAT ARE SUBJECT TO CERTAIN RISKS AND UNCERTAINTIES THAT COULD CAUSE ACTUAL RESULTS TO DIFFER MATERIALLY FROM ANY FUTURE RESULTS, PERFORMANCE OR ACHIEVEMENTS EXPRESSED OR IMPLIED BY SUCH STATEMENTS. STATEMENTS THAT ARE NOT HISTORICAL FACTS, INCLUDING STATEMENTS THAT ARE PRECEDED BY, FOLLOWED BY, OR THAT INCLUDE SUCH WORDS AS 'ESTIMATE,' 'ANTICIPATE,' 'BELIEVE,' 'PLAN' OR 'EXPECT' OR SIMILAR STATEMENTS ARE FORWARD-LOOKING STATEMENTS. RISKS AND UNCERTAINTIES FOR THE COMPANY INCLUDE, BUT ARE NOT LIMITED TO, THE RISKS ASSOCIATED WITH PROPERTY DEVELOPMENT AND FUNDING AS WELL AS THE RISKS SHOWN IN THE COMPANY'S MOST RECENT ANNUAL REPORT ON FORM 10-KSB AND ON FORM 10-QSB AND FROM TIME-TO-TIME IN OTHER PUBLICLY AVAILABLE INFORMATION REGARDING THE COMPANY. OTHER RISKS INCLUDE RISKS ASSOCIATED WITH THE REGULATORY APPROVAL PROCESS, COMPETITIVE COMPANIES, FUTURE CAPITAL REQUIREMENTS AND THE COMPANY'S ABILITY AND LEVEL OF SUPPORT FOR ITS EXPLORATION AND DEVELOPMENT ACTIVITIES. THERE CAN BE NO ASSURANCE THAT THE COMPANY'S DEVELOPMENT EFFORTS WILL SUCCEED AND THE COMPANY WILL ULTIMATELY ACHIEVE COMMERCIAL SUCCESS. THESE FORWARD-LOOKING STATEMENTS ARE MADE AS OF THE DATE OF THIS NEWS RELEASE, AND THE COMPANY ASSUMES NO OBLIGATION TO UPDATE THE FORWARD-LOOKING STATEMENTS, OR TO UPDATE THE REASONS WHY ACTUAL RESULTS COULD DIFFER FROM THOSE PROJECTED IN THE FORWARD-LOOKING STATEMENTS. ALTHOUGH THE COMPANY BELIEVES THAT THE BELIEFS, PLANS, EXPECTATIONS AND INTENTIONS CONTAINED IN THIS NEWS RELEASE ARE REASONABLE, THERE CAN BE NO ASSURANCE THOSE BELIEFS, PLANS, EXPECTATIONS OR INTENTIONS WILL PROVE TO BE ACCURATE. INVESTORS SHOULD CONSIDER ALL OF THE INFORMATION SET FORTH HEREIN AND SHOULD ALSO REFER TO THE RISK FACTORS DISCLOSED IN THE COMPANY'S PERIODIC REPORTS FILED FROM TIME-TO-TIME WITH THE UNITED STATES SECURITIES AND EXCHANGE COMMISSION.

THIS NEWS RELEASE HAS BEEN PREPARED BY MANAGEMENT OF THE COMPANY WHO TAKES FULL RESPONSIBILITY FOR ITS CONTENTS. EACH OF THE NASD, THE SEC AND THE OTCBB NEITHER APPROVES NOR DISAPPROVES OF THE CONTENTS OF THIS NEWS RELEASE. THIS NEWS RELEASE SHALL NOT CONSTITUTE AN OFFER TO SELL OR THE SOLICITATION OF AN OFFER TO BUY NOR SHALL THERE BE ANY SALE OF THESE SECURITIES IN ANY JURISDICTION IN WHICH SUCH OFFER, SOLICITATION OR SALE WOULD BE UNLAWFUL PRIOR TO REGISTRATION OR QUALIFICATION UNDER THE SECURITIES LAWS OF ANY SUCH JURISDICTION.

SOURCE Geneva Resources, Inc.



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