Geovic Mining Corp.
 
Background:

Geovic Mining Corp., through its subsidiaries, engages in the acquisition, exploration, and development of mineral properties. It explores for cobalt, nickel, manganese, and related minerals. The company's principal project includes cobalt-nickel-manganese deposit located in the Republic of Cameroon, Africa. It also holds a portfolio of energy, precious metals, and uranium projects in the United States. Geovic Mining Corp. is headquartered in Denver, Colorado.

INCORPORATED: in Delaware Nov. 21, 2006 as Geovic Mining Corp., as the continuance of an Ontario concern incorporated on Nov. 8, 2001 under the name Resource Equity Ltd. to continue an Alberta concern of the same name originally incorporated Aug. 27, 1984. Name changed from Resource Equity Ltd. to Geovic Mining Corp. on Nov. 21, 2006. December 1, 2006, in a reverse takeover transaction, the company acquired 100% of the outstanding shares of Geovic, Ltd. and Geovic Finance Corp., on the basis of two shares of the company's Common for each Geovic, Ltd. Common share held, and one Common and one Preferred share of the company for each Common and Preferred Geovic Finance Corp. share held. Also on Dec. 1, 2006, the company acquired 4.5% (45 shares) of the issued and outstanding shares of GeoCam Cameroon, PLC, in exchange for 1,250,010 shares of its Common stock. A total of 62,142,943 Common shares in the aggregate were issued by the company in the acquisition transactions. Following the acquisitions, Geovic, Ltd. and Geovic Finance Corp. became wholly owned subsidiaries of the company, and the company subsequently transferred its holdings in GeoCam Cameroon, PLC to Geovic, Ltd.

SUBSIDIARIES:

Geovic Cameroon PLC
Geovic Energy Corp.
Geovic France SAS
Geovic Mineral Sands Corp.
Geovic Nouvelle-Caledonie SAS
Geovic, Ltd.
Pawnee Drilling, LLC

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