Mr. Mario Pezzente reports

GERMANIUM MINING CORP. CLOSES PRIVATE PLACEMENT AND DEBT SETTLEMENT

Further to the news releases dated Oct. 7 and Oct. 20, Germanium Mining Corp. has closed a non-brokered private placement consisting of 2,949,997 units at 15 cents per unit for gross proceeds of $442,500. Each unit consists of one common share and one transferable common share purchase warrant. Each warrant entitles the holder to purchase one additional share of the company at 17.5 cents per share for a period of 24 months from the date of issuance. The company simultaneously closed a debt settlement, whereby the company settled $220,500 through the issuance of 1.47 million units at a deemed price of 15 cents.

The net proceeds from the placement will be allocated toward general corporate purposes, including arm's-length payables and investor relations fees.

All securities issued pursuant to the private placement and shares for debt will be subject to a hold period of four months and one day as required under applicable securities legislation. The securities will also be subject to a four-month exchange hold under the policies of the Canadian Securities Exchange, which will run concurrently with the statutory hold period.

About Germanium Mining Corp.

Germanium is a publicly traded mineral exploration company focused on the exploration and advancement of discovery-stage mineral properties in top-tier mining jurisdictions across North America.

We seek Safe Harbor.