Document:

Agreement on Settlement

 Exhibit 10.19 
 AGREEMENT ON SETTLEMENT OF THE GOVERNANCE AND 
 PAST FINANCIAL SITUATION OF GEOVIC CAMEROON PLC 

 FROM 1995 TO 2006 
 BETWEEN 
 GEOVIC LIMITED 
 And 
 SOCIETE NATIONALE D’INVESTISSEMENT DU CAMEROUN 
 (ON BEHALF OF ITSELF AS A SHARE HOLDER AND AS 
 REPRESENTATIVE OF THE OTHER CAMERRONIAN 
 SHAREHOLDINGS)

 And 
 WILLIAM A.
BUCKOVIC 
 PREAMBLE 
 WHEREAS Geovic Cameroon
PLC (“GeoCam” or “Company”), a Public Limited Company organized and operating under the laws of the Republic of Cameroon, was established in 1995 to explore, develop and produce minerals from properties located in south-eastern
Cameroon; At the time of formation until the ninth of April of the year, 2007 the date of signature of a Shareholders Agreement (“Agreement”), the Shareholders of Geovic Cameroon had no formal agreement under which they would participate
in the company’s funding and other related matters; 
 WHEREAS since the formation of the company, professionals From Geovic Ltd. Have conducted
in connection with the Properties, widespread field exploration and appraisal activities together with extensive laboratory studies validated by independent engineering experts, such activities having resulted in the discovery of valuable Mineral
deposits; 
 WHEREAS these activities, duly recorded in GeoCam reports, are now the subject of Feasibility Studies; 
  

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 WHEREAS Geovic Ltd. (“Geovic”), the majority Shareholder, was authorized by the GeoCam Board through
resolutions (1997, 1998 and 2002) to incur the expenditures necessary to carry out the above-mentioned activities and these advanced expenditures are presently recorded in accounting statements and have been examined by the Statutory Auditor,
subject to further review as stipulated in the Shareholders Agreement; 
 MINDFUL the provision of Article 3 of the Shareholders Agreement where the
Shareholders clearly manifested the will to settle up the governance and past financial situation of the Company; 
 MINDFUL that it was clearly
stated that regarding the past expenditures and the resulting indebtedness of GeoCam, SNI shall conduct a complete due diligence analysis of the activities, costs and results of GeoCam since inception to satisfy the minority Shareholders as to the
adequacy of the Mining Project and the performance of Geovic in its duties regarding the project then the said due diligence analysis shall be reported to Geovic for discussion by the parties and subsequent settlement of any outstanding issues;

 MINDFUL that the parties agreed on the negotiation of agreements on the commercial and financial relations between Geovic and GeoCam in an urgent
manner in accordance with Section 7.3 of the Shareholders Agreement referred above; 
 WHEREAS the Due Diligence Report on the activities, costs
and results of GeoCam since inception prepared by Hatch Consulting and C2A FIDAL has been reported to Geovic by SNI and comments have been provided by Geovic, Pincock Allen and Holt, Reynolds and Associates on behalf of Hazen Research on various
issues raised by the Due Diligence Report; 
 WHEREAS the parties met in Grand Junction (Colorado -USA) in August 12-20, 2007, and Yaounde
(Cameroon) in September 24-27, 2007 and had extensive discussions regarding past accounts and various alternatives to settle past accounts of 1995-2006 with possible paths forward; and 
  

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 WHEREAS the parties hereto wish to finally settle the GeoCam financial situation from inception through the end of
2006 and to set out the terms and conditions under which Geovic Ltd. will be compensated for its advances to Geovic Cameroon PLC. 
 NOW THEREFORE THIS
AGREEMENT WITNESSES that in consideration of the mutual covenants and agreements contained herein, the parties hereto agree as follows: 
 Article 1: GEOCAM DEBT AMOUNT 
 Section 1.1: Settlement of Existing Loan Agreement 
 The parties agree, subject to review and approval by legal, tax, and accounting experts, that the existing Loan and Debt Repayment Security Agreement dated
01 January 2006 and associated Schedules has been addressed and settled in full by replacing it with Geovic capital advances in the records of Geovic Cameroon in the amount of US$23,133,308 (Schedule A: GeoCam Past Expenditures 1995-2006) which
will not bear interest or be evidenced by a loan agreement. Consequently, the Loan and Debt Repayment Security Agreement shall have no further effect. 
 Section 1.2: Reimbursement modalities 
 This aforementioned settlement amount will serve to apply against future capital increases
requested by GeoCam in which SNI and other minority shareholders would make cash contributions while Geovic would be able to apply part of or its entire shareholder capital advances balance depending on the amount of the capital increase. Geovic
will not be required to make cash contributions in future capital increases until it has applied its entire shareholder advances balance as described above. 
 Article 2: GEOVIC COMPENSATION 
 Section 2.1: Principle 
 In respect of its prior intercompany funding facilities (advances) during the period since inception of the Project
up until December 31st 2006, the parties have agreed on a compensation for Geovic. 
  

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 Section 2.2: Nature 
 This compensation is a payment obligation of GeoCam to Geovic in conformity with the spirit of the November 2002 GeoCam Board resolution. 
 Article 3: COMPENSATION MODALITIES 
 Section 3.1: Compensation Calculation 
 In accordance with the principles expressed in Article 2, the compensation due Geovic attributable to its capital
advance of US$23,133,308 is US$9,012,207 (Schedule B: Compensation Calculation, Geovic Advances 1995-2006) which represents the accrued amount of annual interest attributable to Geovic capital advances up through December 31st, 2006. 
 Section 3.2: Interest Rate Used 

The compensation amount in Section 3.1 was calculated and accrued with daily compounding based on
application of the BEAC interest rate (Taux d’interet des appels d’offres (“TIAO”)) plus (+) two (2) percentage points. The effective date of the amount advanced for each fiscal year was established as the 1st of July or 1st of January of the following fiscal year
from 1995/1996 to 2006. 
 Section 3.3: Services Contracts 
 Geovic shall recharacterize all past GeoCam annual expenditures (Technical and Professional Services, GeoCam Offshore Expenses, and Wire Transfers Direct to Geovic Cameroon Accounts) Services Contracts in the same manner that the Services
Contract for the year 2007 was crafted. Compensation due Geovic shall be clearly stated in the Services Contract for each year and the total compensation amount shall be accrued up through the end of 2006 and duly recorded in GeoCam financial
statements. 
 Article 4: LOAN AGREEMENT 
  

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 The compensation amount of US$9,012,207 through December 31,
2006 will be evidenced by a loan agreement between Geovic and GeoCam with the effective date of 1st of January 2007 and interest rate at the average
BEAC TIAO interest rate for the period plus (+) two (2) percentage points. Interest on this loan will be accrued with daily compounding. The interest repayment and amortization schedule of the loan will be determined in the loan agreement
and commence one year after commercial production begins with the duration of such repayment and amortization period not to exceed four (4) years, subject to the requirements of outside lenders. 
 IN W1TNESS WHEREOF the parties have duly executed this agreement as of 31 December 2007. 
  

			
	By:	 	 /s/ John E. Sherborne

		 	GEOVIC LTD.
	Name:	 	John E. Sherborne
	Title:	 	Chief Executive Officer
		
		 	 /s/ William A. Buckovic

		 	William A. Buckovic
		
		 	 

		 	Société Nationale D’Investissement du Cameroun
	Name:	 	

	Title:	 	Le Directeur Général
		
		 	

  

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 Schedule A: 
 GeoCam Past Expenditures 1995-2006 
 (US$) 
  

													
	 Period
	  	Technical and Professional
Services	  	Geovic Cameroon Offshore
Expenses	  	Wire
Transfers
Direct to
Geovic Cameroon Accounts	  	Total
	 Jul 1994-Jun 1995
	  	$	193,637.00	  	$	10,985.17	  	$	32,000.00	  	$	236,622.17
	 Jul 1995-Jun 1996
	  	$	250,225.00	  	$	29,448.91	  	$	164,000.00	  	$	443,673.91
	 Jul 1996-Jun 1997
	  	$	376,085.00	  	$	71,174.82	  	$	162,000.00	  	$	609,259.82
	 Jul 1997-Jun 1998
	  	$	435,790.00	  	$	317,136.52	  	$	255,000.00	  	$	1,007,926.52
	 Jul 1998-Jun 1999
	  	$	620,905.00	  	$	102,982.62	  	$	400,600.00	  	$	1,124,487.62
	 Jul 1999-Jun 2000
	  	$	644,102.00	  	$	435,605.57	  	$	262,750.00	  	$	1,342,457.57
					
	 Jul 2000-Jun 2001
	  	$	1,019,237.00	  	$	1,283,374.57	  	$	540,100.00	  	$	2,842,711.57
	 Jul 2001-Jun 2002
	  	$	996,302.00	  	$	463,492.06	  	$	290,871.47	  	$	1,750,665.53
	 Jul-Dec 2002
	  	$	529,081.00	  	$	419,813.15	  	$	350,350.00	  	$	1,299,244.15
	 Jan-Dec 2003
	  	$	1,249,594.00	  	$	863,160.38	  	$	534,987.34	  	$	2,647,741.72
					
	 Jan-Dec 2004
	  	$	1,517,880.00	  	$	730,954.50	  	$	1,044,427.00	  	$	3,293,261.50
	 Jan-Dec 2005
	  	$	1,268,634.00	  	$	599,088.78	  	$	587,341.50	  	$	2,455,064.28
					
	 Jan-Dec 2006
	  	$	1,383,300.00	  	$	733,635.73	  	$	1,963,255.48	  	$	4,080,191.21
		  	 	 	  	 	 	  	 	 	  	 	 
	 Total
	  	$	10,484,772.00	  	$	6,060,852.78	  	$	6,687,682.79	  	$	23,133,307.57

  

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 Schedule B: 
 Compensation Calculation, 
 Geovic, Ltd. Advances 1995-2006 
 (US$) 
  

				
	 Period
	  	Compensation
	 Jul 1994-Jun 1995
	  	$	—  
	 Jul 1995-Jun 1996
	  	$	26,052
	 Jul 1996-Jun 1997
	  	$	72,683
	 Jul 1997-Jun 1998
	  	$	138,274
	 Jul 1998-Jun 1999
	  	$	246,860
	 Jul 1999-Jun 2000
	  	$	384,725
	 Jul 2000-Jun 2001
	  	$	530,631
	 Jul 2001-Jun 2002
	  	$	798,865
	 Jul-Dec 2002
	  	$	503,259
	 Jan-Dec 2003
	  	$	1,155,501
	 Jan-Dec 2004
	  	$	1,429,565
	 Jan-Dec 2005
	  	$	1,750,757
	 Jan-Dec 2006
	  	$	1,975,035
		  	 	 
	 Total
	  	$	9,012,207

  

 7Code of Business Conduct and Ethics

 Exhibit 10.21 
 Geovic Mining Corp. 
 Code of Business Conduct and Ethics 
 Geovic Mining Corp. is committed to Integrity, Trust, Respect, and Excellence in all relationships with customers, employees, suppliers, shareholders and the community.

 We comply with all applicable laws and regulations governing our business conduct worldwide. 
 We act with integrity in all business transactions and relationships and we avoid all conflicts of interest between work and personal activities. 

 We are committed to the protection of Geovic Mining Corp.’s financial, physical, and intellectual property assets and ensure that
all financial information is complete, accurate, and reflects actual transactions. 
 We create a culture within Geovic Mining Corp.
that fosters a safe work place, equal opportunity, diversity, communication, and innovation where everyone is treated with respect, fairness, and dignity. 
 We are committed to sustainable development, social responsibility, and excellence in environmental management. 
  

 Table of Contents 
  

							
	I.	  	Introduction	  	
		  	A.	  	General Policy Regarding Laws and Business Conduct	  	3
		  	B.	  	Compliance with the Code	  	3
			
	II.	  	Employment Practices	  	
		  	A.	  	Equal Employment Opportunity	  	4
		  	B.	  	Harassment	  	4
		  	C.	  	Improper Use or Theft of Company Property	  	4
			
	III.	  	Ethical Management Practices	  	
		  	A.	  	Accounting Controls, Procedures, and Records	  	5
		  	B.	  	Retention and Disposal of Documents and Records	  	5
		  	C.	  	Confidential or Proprietary Information	  	6
			
	IV.	  	Conflicts of Interest	  	
		  	A.	  	Business Courtesies	  	6
		  	B.	  	Gifts	  	6
		  	C.	  	Business Entertainment	  	6
		  	D.	  	Outside Interests	  	7
			
	V.	  	Political Involvement	  	
		  	A.	  	Political Activities	  	7
			
	VI.	  	Safety and the Environment	  	
		  	A.	  	Safety and the Environment	  	8
		  	B.	  	GeoAid	  	8
			
	VII.	  	Securities Trading	  	
		  	A.	  	Insider Trading	  	8
			
	VIII.	  	Fraud and Similar Irregularities	  	
		  	A.	  	Fraud and Similar Irregularities	  	8

	I.	Introduction 

  

	A.	General Policy Regarding Laws and Business Conduct 

 The Code of
Business Conduct and Ethics (the “Code”) of Geovic Mining Corp. and its wholly-owned subsidiaries, Geovic, Ltd. and Geovic Energy Corp. (together the “Company”) consists of the policies relating to the ethical and legal standards
of conduct to be followed by Directors, officers, employees and agents of the Company (collectively, the “Employees”) in the conduct of its business. The Code applies to all Employees and all Company activities throughout the world, except
where specifically indicated. 
 It is the policy of the Company to comply with applicable law. Some Company policies are based on the requirements of
applicable law while others are based on good ethics and business sense. The Company is organized under United States and/or Cayman Islands law and, at the date of adoption of this document, its securities are publicly traded on the TSX Venture
Exchange. 
 The Company does business in various countries around the world. As a good business citizen, we must observe the applicable laws of the
countries in which the Company operates. If there is a conflict between the United States law and the law of one of the other countries in which the Company operates, the Company will seek legal counsel to resolve the conflict. 
  

	B.	Compliance with the Code 

 Compliance with the Code is based first
and foremost on the cooperation and vigilance of all persons subject to the Code. Each Employee will be provided with a copy of the Code and will be required to execute a certificate, in the form attached to this Code, confirming that they have
read, understood and agree to comply with the Code. Primary responsibility for monitoring compliance with the Code rests with the Chief Financial Officer. 
 Any compliance problems must be identified, reported and corrected as quickly as possible. Accordingly, good faith notification of real or possible violations of the Code must be made without fear of subsequent reproach or reprisals.
Problems of application must also be clearly addressed and discussed. In addition, reproaching or punishing the whistleblower who reported a violation, covering up a known violation, circumventing an internal control measure, impeding verification,
or falsely reporting a violation will each be treated as a serious breach of the Code. 
 It is the personal responsibility of each Employee to observe the
standards of conduct and other requirements of the Code, whether or not these standards and requirements are also imposed by law. Any Employee who does not comply with these standards and requirements is acting outside the scope of his or her
employment responsibilities or agency and may face disciplinary action up to and including termination. A violation may also violate securities laws and the Company may refer the matter to the appropriate regulatory authority, which could lead to
penalties, fines or imprisonment. 
  

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 It is the responsibility of each Employee to familiarize himself or herself with the details of the policies of the
Company that apply to his or her assigned duties. 
  

	II.	Employment Practices 

  

	A.	Equal Employment Opportunity 

 Company policy prohibits all unlawful
discrimination against any Employee or applicant for employment. The Company is committed to providing equal opportunity to all qualified individuals in its hiring and promotion policies. The Company will endeavor to create a workforce that is a
reflection of the diverse population of the communities in which it operates. 
 With respect to operations governed by the United States law, this policy
relates to all phases of employment, including recruitment, hiring, placement, promotion, compensation, benefits, training, educational programs and the use of Company facilities. It is intended to provide Employees with a working environment free
of discrimination, harassment, intimidation or coercion relating directly or indirectly to race, color, religion, sex, age, disability or national origin. 
 All Employees shall actively support this policy. 
  

	B.	Harassment  

 The Company believes that all Employees should be
treated with dignity and respect. It is the policy of the Company to provide a work environment which is free from harassment. As used in this policy, harassment includes sexual, racial, ethnic, and other forms of harassment, including harassment
based on disability. It is not considered harassment for supervisors and other members of management to enforce job performance and standards of conduct in a fair and consistent manner. 
 Any Employee who believes she or he is being harassed should consider telling the offending party that she or he objects to that conduct. This often solves the problem. However, if an Employee is not comfortable
confronting the offending party (or if the offending party’s unwelcome conduct continues), the Employee should advise his or her immediate supervisor of the offending conduct. If the Employee is more comfortable discussing the issue with
someone other than his or her immediate supervisor, or if the immediate supervisor has not taken what the Employee regards as appropriate action to solve the problem, the Employee should contact a Director. 
 Reports of harassment will be investigated promptly and discreetly. 
 Any
Employee, who reports any act of harassment in good faith, including sexual harassment, will not be retaliated against because of such report. 
  

	C.	Improper Use or Theft of Company Property 

 Every Employee must
safeguard Company property from loss or theft, and may not take such property for personal use. Company property includes confidential information, software, computers, office equipment, fixed assets, vehicles, cash, securities, and 

  

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supplies. You must appropriately secure all Company property within your control to prevent its loss, damage or unauthorized use. 
  

	III.	Ethical Management Practices 

  

	A.	Accounting Controls, Procedures, and Records 

 Applicable laws and
Company policy require the Company to keep books and records that accurately and fairly reflect its transactions and the dispositions of its assets. In addition, the Company must maintain a system of internal accounting controls that will ensure the
reliability and adequacy of its books and records. Failure to meet such requirement may constitute a violation of law. 
 To satisfy these requirements the
Company has adopted policies to ensure that only proper transactions are entered into by the Company, that such transactions have proper management approval, that such transactions are properly accounted for in the books and records of the Company
and that the reports and financial statements of the Company are timely prepared, transparent, understandable, and fully, fairly and accurately reflect such transactions. 
 Every Employee will maintain accurate and complete records of transactions, invoices, time reports, expense accounts and other Company records. No entries will be made that intentionally conceal or disguise the true
nature of any transaction. No transactions will be omitted that should be included in the financial statements in order to make them complete and accurate. No undisclosed, unrecorded or “off-book” funds, bank accounts, or assets will be
established for any purpose. Employees will not create or permit the creation of false or misleading statements in financial reports or other documents submitted to or maintained for government agencies, customers or shareholders. 
 All Employees having any responsibility for such functions must be familiar with the Company’s policies, accounting controls, procedures and records and must comply
with their requirements. 
  

	B.	Retention and Disposal of Documents and Records 

 The Company
maintains rigorous business processes and a system of internal controls to protect its physical, financial, and intellectual property assets and to ensure that management decisions are based on sound financial and economic analysis, including
consideration of risks. 
 All records will be retained and destroyed strictly in accordance with the Company’s Record Retention Policy and
applicable statutory and legal requirements. We must not tamper with or alter records or documents, nor remove or destroy them prior to the specified date in the policy or later, if the destruction policy is suspended due to threatened or pending
litigation or investigation. 
  

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	C.	Confidential or Proprietary Information 

 Employees often learn
confidential or proprietary information about the Company or its customers. Company policy prohibits Employees from disclosing or using confidential or proprietary information outside the Company or for personal gain, either during or after
employment, without proper written Company authorization to do so. An unauthorized disclosure could be harmful to the Company or a customer or helpful to a competitor. 
 The Company also works with proprietary data of customers and suppliers. This is an important trust and must be discharged with the greatest care for the Company to merit the continued confidence of its customers and
suppliers. No Employee shall disclose or use confidential or proprietary information outside the Company without Company authorization, nor shall any Employee disclose such information to other Employees except on a need-to-know basis, but in any
event, in full compliance with the terms of any confidentiality agreement in effect. 
  

	IV.	Conflicts of Interest 

  

	A.	Business Courtesies 

 Gifts and entertainment are courtesies
designed to strengthen and foster business relationships. We must avoid the appearance of impropriety when giving gifts to or entertaining individuals who do business or are seeking to do business with the Company. We do not use gifts,
entertainment, or other incentives to improperly influence relationships or business outcomes. Requesting or soliciting personal gifts, favors, entertainment, or services is always unacceptable. Any expenditure made for gifts; entertainment or
anything of value, must be reported promptly and recorded accurately on the Company’s books. 
  

	B.	Gifts 

 It is the Company’s policy to discourage the receipt or
giving of gifts, directly or indirectly, by Employees to individuals who do business or are seeking to do business with the Company. However, where not otherwise prohibited by law or the Company policy, Company Employees may give or receive gifts of
a promotional nature having a value of U.S. $75 or less. The giving or receiving of gifts of a value in excess of U.S. $75 requires the approval of the Employee’s manager. In those rare situations where refusal to accept a gift would be
discourteous or otherwise harmful to the Company, the gift may be accepted but then it must be turned over to the Company. 
  

	C.	Business Entertainment 

 Appropriate business entertainment (e.g.,
reception, meal, sporting, or theatrical event) of business partners, current or prospective, is generally acceptable provided it is clearly intended to facilitate business goals. The expenses involved must be moderate, reasonable and in good taste
and not otherwise prohibited by law or Company policy. During these events, topics of a business nature must be discussed and Company personnel must be present. Business entertainment should not be in excess of the generally accepted, legal business
practices of the country and industry involved. 
  

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	D.	Outside Interests 

 Directors who (i) are parties to
(ii) are directors or officers of a party to or (iii) have a material interest in any person who is a party to a material contract or proposed material contract with the Company must disclose the conflict in writing to the Company or
request to have the nature and extent of such interest entered into the minutes of the meeting. The Director shall, if requested by any board member, not be present at a meeting of the board while the board is considering any such material contract
and shall not vote on such material contract, unless permitted by law. 
 Each of us commits to dedicate our time and use our best efforts to the success of
the Company. We must avoid actions or relationships which conflict or appear to conflict with our job responsibilities or the interest of the Company. Any outside activities or relationships that may involve a conflict of interest or even the
appearance of a conflict of interest must first be approved by your manager and then disclosed to the Director of Compliance. The following are examples of conflicts of interest: 
  

	 	•	 	 Engaging in employment, personal, business, professional or any other activity that interferes or conflicts with our job responsibilities at the Company.

  

	 	•	 	 Holding a substantial financial interest, directly or indirectly, in a current or prospective customer, supplier or competitor of the Company, or serving as an
employee, consultant, officer or director of that business. 

  

	 	•	 	 Directing Company business to a supplier owned or managed by a relative or close associate. 

  

	 	•	 	 Using confidential Company information, business opportunities, or improperly using Company assets for a personal benefit or the benefit of relatives or close
associates. 

  

	V.	Political Involvement 

  

	A.	Political Activities 

 Political contributions or payments to
governmental officials are highly regulated and restricted by law. There are several basic aspects of our policy with respect to such matters. 
  

	 	•	 	 Company Political Activities. You must not make any direct or indirect payment or contribution on behalf of the Company for the support of political parties
or political candidates for any office (federal, state, or local) in the United States or any foreign country, unless authorized in advance in writing by the senior management or the Board of Directors. 

  

	 	•	 	 Your own activities. In any personal activity, you should make it clear that you are not acting on behalf of the Company. 

  

	 	•	 	 Other Employees. You must not exert any pressure, direct or implied, that restricts any Employee from deciding whether, to whom and in what amount, he or she
will make a political contribution or render services to individual candidates, parties or political committees where permitted by applicable laws. 

  

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	VI.	Safety and the Environment 

  

	A.	Safety and the Environment 

 Protection of health, safety, and the
prevention of adverse effects to the environment are primary goals of the Company. The Company will strive to conduct its mining operations in a manner that minimizes or mitigates undue environmental impact, are safe in operation, and prudent and
efficient in utilization of energy and natural resources. 
 All Employees must conduct their duties and responsibilities in compliance with applicable law
and industry standards relating to health and safety in the workplace and to the prevention of pollution to the environment. 
  

	B.	GeoAid 

 The Company understands the fragile balance of social,
environmental, economic, and moral characteristics comprising its activities in the areas where it works. This led to the development and support of our GeoAid program in Cameroon to ensure that sustainable and high quality environmental standards
are met as part of our ongoing day-to-day operations. The Company supports GeoAid as an independent, but an integral and essential component of the Company’s commercial mining venture in Cameroon. 
  

	VII.	Securities Trading 

  

	A.	Insider Trading 

 Under applicable securities laws it is prohibited
for a person to trade securities of a public company while the person has knowledge of undisclosed material information about the company. Both civil and criminal liability may be imposed on Employees who purchase or sell securities of the Company
with knowledge of undisclosed material information or who inform, other than in the necessary course of business, another person or company of undisclosed material information (often referred to as “tipping”). In some circumstances,
Employees may also be found to be in violation of securities laws if they purchase or sell securities of another entity with knowledge of a material fact or material change concerning a transaction involving the Company and that other entity, or
disclose such information to another person other than in the necessary course of business. Employees are required to comply with securities laws in connection with any purchase or sale of common shares or other securities of the Company.

 Employees who have questions about insider trading should contact the Chief Executive Officer, the Chief Financial Officer or the Company’s counsel.

  

	VIII.	Fraud and Similar Irregularities 

  

	A.	Fraud and Similar Irregularities 

 Company policy prohibits fraud
and establishes procedures to be followed concerning the recognition, reporting and investigation of suspected fraud. Fraud includes, but is not limited to: 
  

	 	•	 	 Dishonest or fraudulent acts; 

  

	 	•	 	 Embezzlement; 

  

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	 	•	 	 Forgery or alteration of negotiable instruments such as Company checks and drafts; 

  

	 	•	 	 Misappropriation of Company, employee, customer, partner or supplier assets; 

  

	 	•	 	 Conversion to personal use of cash, securities, supplies or any other Company asset; 

  

	 	•	 	 Unauthorized handling or reporting of Company transactions; and 

  

	 	•	 	 Falsification of Company records or financial statements for personal or other reasons. 

 Employees are obligated to protect the Company’s assets and ensure their efficient use. Theft, carelessness and waste of Company assets by Employees is prohibited
since such actions and conduct have a direct and negative impact on the Company’s profitability. Company assets shall only be used for the legitimate business purposes of the Company. 
 Any Employee who suspects that any fraudulent activity may have occurred is required to report such concern to the Company’s CEO, Chairman of the Board, or Chief
Financial Officer. 
 GEOVIC MINING CORP. 
 CODE OF BUSINESS CONDUCT AND ETHICS 
 Certification 
 The undersigned hereby certifies that he/she has read and understands the Company’s Code of Business Conduct and Ethics, a copy of which is attached hereto, and
agrees to comply with the procedures and restrictions set forth therein. 
  

									
	Date:	 	  
	 		 	Signature:	 	  

		 		 		 	Name:	 	  

		 		 		 		 	(please print)

  

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