Genesis Electronics Group Inc (GEGI)

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GENESIS ELECTRONICS GROUP INC

GENESIS ELECTRONICS GROUP, INC. ("GEGI-0") - Provides Update

Management of Genesis Electronics Group, Inc. announced today that upon receiving confirmation from the Bureau Of Land Mgt.(BLM), we has moved forward to satisfy additional obligations of the sublease agreement for the property known as "Mav5-E" located in the Osceola Mining District in Nevada. The Company has met all requirements through the Nevada Department of Environmental Protection.

Additionally Genesis through its wholly owned subsidiary, Genesis Mining Corp, has begun setting up at the site for the mining operations. The Company has ordered the infrastructure equipment for its employees and various processing equipment.

Mr. Raymond F. Purdon, President & CEO, commented, "We are pleased with our progress to date and extremely excited to be moving forward with mining project. This is another step to in achieving full operational status and we expect to begin production shortly. We will be providing updates as we reach the next phase of the project."