TORONTO, ONTARIO–(Marketwire – Aug. 17, 2010) – Geo Finance Corporation, (a Florida Corporation) (PINK SHEETS:GEFI) of Toronto, Ontario, Canada announces the signing of a binding letter of intent with McDermett Operating Co. and Sundial Resources Inc. (private Texas corporations) of Graham, Texas, U.S.A. to acquire a 34% working interest in the Medlin Field, an estimated 500 acre stacked gas and oil sands owned by McDermett and Sundial in Young County, Texas, U.S.A. There are currently 2 shut in production wells and one injection well on the acreage.
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