Geologix Discovers Grades of 76 g/t Gold, 1205 g/t Silver and a New Zone of High Grade Mineralization at Liscay, Peru

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Geologix (TSX VENTURE:GIX)(FRANKFURT:GF6)(BERLIN:GF6)(STUTTGART:GF6)(MUNICH:GF6)
is pleased to announce high grade gold and silver mineralization has been
identified at the Liscay project in Central Peru. Detailed sampling of the
numerous veins has returned values up to 76.6 g/t gold and 1,205 g/t silver
across 1.3 metres from an area where previous reconnaissance sampling had
yielded 7.2 g/t gold, 304 g/t silver and 1.2 g/t gold, 748 g/t silver across
similar widths. A new zone of epithermal veining with high precious-metal values
has also been discovered located approximately 6 kilometres to the southwest.
Values up to 27.5 g/t gold, 1,110 g/t silver over 0.4 metres and 0.8 g/t gold,
736 g/t silver across 1.5 metres have been detected in limited sampling within
the new zone.


To date a total of approximately 780 rock samples have been collected by
Geologix on the project, 435 samples in the NE epithermal zone, 321 samples in
the Central mesothermal zone and 24 samples in the SW epithermal zone.
Statistics show gold and silver dominated mineralization in the epithermal zones
with 14% of the samples in the NW Zone grading higher than 0.5 g/t Au and 21%
grading higher than 10 g/t Ag. In the SW Zone 38% of samples grade higher than
0.5 g/t Au and 54% of samples grade higher than 10 g/t Ag.


Recent geological mapping continues to show intense and extensive vein
development in several areas on the Liscay property. Currently defined vein
swarms lie within an area of 12 x 6 kilometres and the ultimate extent of
mineralization is yet to be determined. Individual zones of veining and
stockwork development have been found with dimensions up to 300m by 3
kilometres. Click here for a plan map and sections, or use the following link:
http://media3.marketwire.com/docs/gix57.pdf.


Additional mapping and detailed sampling of the newly discovered zone of high
grade mineralization will commence immediately. Geophysical surveying (Induced
Polarization) to define drill targets has been budgeted and will commence as
soon as sampling has been completed. It is anticipated that geophysical
anomalies will be drill tested in the by the end of 2008.


Dunham Craig, President and CEO states; "As far as we know, the Liscay project
has never been sampled before and is a discovery of previously unknown
mineralization. Our alliance with Newmont is working; we wanted to break open
new ground in Peru as it fits with our corporate model of discovering large
deposits, and we see this success of a gold/silver system exhibited over a 12 km
by 6 km area as a result of our dedicated team work, persistence and excellent
support from Newmont. Other Alliance areas and properties are under evaluation
and we see this as the first of several more projects to come."


Qualified Person

Geologix's Chief Geologist, Andrew B. Carstensen M.Sc. (CPG), a 'qualified
person' for the purposes of National Instrument 43-101 Standards of Disclosure
for Mineral Properties of the Canadian Securities Administrators, has verified
the data (including sampling, analytical and test data) and prepared or
supervised the preparation of the information contained in this new release.


Quality Assurance & Control

The Company has implemented a quality assurance and control (QA/QC) program to
ensure sampling and analysis of all exploration work is conducted in accordance
with the best possible practices. The QA/QC policy includes the chain of custody
monitoring, insertion of blanks, standards and duplicates in the initial samples
submitted. The laboratory provides an additional internal control program.


Geologix Exploration Inc. is a mineral exploration company focused on acquiring,
exploring and developing gold properties in North and South America. The Company
has a wealth of experience in the mining industry taking early stage exploration
prospects to final feasibility and ultimately to production.


This news release does not constitute an offer to sell or a solicitation of an
offer to buy any of the securities in the United States of America. The
securities have not been and will not be registered under the United States
Securities Act of 1933 (the "U.S. Securities Act") or any state securities laws
and may not be offered or sold within the United States or to U.S. Persons (as
defined in the U.S. Securities Act) unless registered under the U.S. Securities
Act and applicable state securities laws, or an exemption from such registration
is available.