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Geomodeling Highlighted with Speaking Opportunities at CSPG/CSEG/CWLS Convention

May 15, 2006

(Calgary, Canada - May 15, 2006) - Geomodeling Technology Corp., a leading innovator in geoscience software for the oil and gas industry, today announced it will be delivering four presentations in the technical portion of the CSPG/CSEG/ CSLW Convention in Calgary.

The 2006 Convention is a joint meeting of the Canadian Society of Petroleum Geologists (CSPG), the Canadian Society of Exploration Geophysicists (CSEG) and the Canadian Well Logging Society (CWLS). This is the first time since 1998, that these three societies will deliver a convention in combination.

The four presentations are outlined below

Dr. Renjun Wen, President and CEO will be delivering
Geological Heterogeneity Modelling as a Guide to Seismic Attribute Interpretation
Tuesday May 16th, 2006 between 8:30 - 9:00

Dr. Rongfeng Zhang will be delivering
Spectral Decomposition of Seismic Data with Wavelet-packet-like Transform
Wednesday May 17th, 2006 between 9:30 - 10:00

Mr. Murray Christie will be delivering
Next-Generation Cross-Plotting Techniques for Assessing Reservoir Quality
Tuesday May 16th, 2006 between 9:30 - 10:00

Mr. Peter Phillips will be delivering
Identifying Hydrocarbon Potential in Shale Dominated Thinly Bedded Clastic Reservoirs
Tuesday May 16th, 2006 between 3:15 - 3:45

Geomodeling Booth
Geomodeling will have a booth on the tradeshow floor, which will highlight the company's software and its capabilities through one-on-one demonstrations and through group presentations on the booth. You can find Geomodeling at booth 628 on the tradeshow floor.

About Geomodeling
Geomodeling Technology Corp. is the leading innovator in geoscience software for the oil and gas industry. Geomodeling enables petroleum companies to maximize revenue and reduce costs with software solutions for improved reservoir characterization and recovery. Founded in 1996, Geomodeling has offices and resource centers in Brazil, Canada, China, Malaysia, Mexico, Norway, USA and Venezuela. Find us on the web at www.geomodeling.com