Geologix Completes Second Phase Drilling at Libertad Project and Elects to Terminate Option Agreement

Geologix Explorations Inc.
(TSX:GIX)(FRANKFURT:GF6)(BERLIN:GF6)(MUN:GF6)(STUT:GF6) (the "Company")
announces the completion of a second phase drill program at the Libertad project
in Sonora, Mexico. The program consisted of five holes totaling approximately
1,150 metres and targeted an untested central portion of a larger structure
mineralized at surface.


Assay results from the holes are as follows:



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Hole ID               From          To  Interval (m)     Au g/t      Ag g/t
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LIB-11-001          123.00      140.75        17.75        0.24        29.2
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LIB-11-002           62.00       86.80        24.80        0.14        49.2
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and                 216.00      228.00        12.00        0.35        25.4
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LIB-11-003          168.95      173.00         4.05        0.17        54.0
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LIB-11-004          211.55      218.00         6.45        0.17        45.3
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LIB-11-005A         302.00      304.00         2.00        0.27        38.0
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Au = gold and Ag = silver. m = metres and g/t = grams per tonne



Despite encountering anomalous gold and silver mineralization in all five holes,
and all 15 holes drilled by the Company on the project, results to date do not
appear to be consistent with Geologix's minimum threshold criteria. As such, the
Company has elected to terminate its option agreement and is reverting all
rights to the Libertad project back to Riverside Resources Inc.  ("Riverside").
Under the terms of the Option Agreement, Geologix has provided Riverside with
all project data. The Company would like to acknowledge Riverside's abilities as
a project generator, and appreciates the opportunity to test early stage
projects such as the Libertad.


Geologix's Resource Geologist, Andrew Hamilton, B.Sc., P. Geo., 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 and analytical data) and prepared the information
contained in this news release. All samples from the project were delivered by
Geologix personnel to the ALS-Chemex sample preparation facility in Hermosillo,
Sonora State, Mexico, with the analytical work being completed at their North
Vancouver, B.C. laboratory. A QA/QC program has been implemented to ensure all
core and sample handling procedures are in accordance with the best possible
practices. The assay protocol includes the insertion of standards, blanks and
duplicates into the sample stream.


Geologix Explorations Inc. is a mineral exploration company focused on
acquiring, exploring and developing mineral resource opportunities with the
potential to host world class mineral deposits. The Company's primary focus is
the Tepal Gold-Copper Porphyry Project in Michoacan State, Mexico, where the
Company has completed a Preliminary Assessment study ("PA") of the existing
resource and is continuing to aggressively explore for additional gold and
copper mineralization in an effort to expand the size of the resource and scale
of the possible future mining operation.