Geologix Explorations Inc. (GIX — TSX) 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 Michoacán State, Mexico, where the Company is aggressively exploring for potential resource expansion, and advancing toward preliminary economic assessment of the project in its ongoing effort to upgrade and increase the scale and viability of this emerging project.

Following the market collapse of the fall of 2008, Geologix sought to take advantage of the distressed markets by electing to leverage its healthy working capital, management expertise, and solid technical abilities to identify and acquire undervalued mineral resource projects and exploration properties at discounted purchase prices. In 2009 Geologix made two key acquisitions, the Tepal Project in Michoacán State, Mexico, and the Libertad Property in Sonora, Mexico.

As of December 31, 2009:
Shares Outstanding: 51.6M
Warrants Outstanding: 2.78M
Fully Diluted: 63.1M

Tepal Gold-Copper Porphyry Project — Michoacán State, Mexico

Location: The Tepal Project is located in Michoácan State, Mexico. The project is 70 kilometres west of Apatzigán and 170 kilometres south of Guadalajara, one of the largest cities in Mexico.

Ownership: Geologix has the right to acquire up to a 100% interest in the Tepal Project by way of an Option to Purchase Agreement with Arian Silver Corp.

Royalties: 2.5% NSR payable to Minera Tepal S.A. de C.V. Under the terms of the Option to Purchase Agreement, Geologix would be granted a Right of First Refusal on the purchase of the NSR.

Tepal Project Details:

A report on Tepal prepared by ACA Howe International Ltd. has estimated an inferred resource of 72.7 million tonnes grading 0.49 grams/tonne ("g/t") gold and 0.25% copper, for a contained 1.15 million ozs gold and 413 million lbs copper or 2.4 million oz. gold equivalent based on $700/oz. gold and $2.20/lb copper metal prices (see www.geologix.ca for details on the resource estimation). The known resource remains open for possible expansion in multiple directions and numerous highly prospective targets remain untested throughout the project area.

The Tepal Project is located in the northwest portion of Michoacán State, Mexico. Local and regional infrastructure is excellent, with paved roads, deep sea port access, and low topographical relief. The project is comprised of 6 concessions covering approximately 138 square kilometres.

The Company has initiated programs of trenching, sampling and drill target delineation in advance of a next phase drill program expected to test new target areas and upgrade the current resource.

Tepal Fly-By Video

Libertad Gold-Silver Project

Location: The Libertad Property is located 20 kilometres (km) south of the La Fortuna Del Cobre porphyry copper district and 15 km south east of the Gulf of California deep water port town of Puerto Libertad. The city of Hermosillo is located 250 km to the southeast of the property.

Ownership: Geologix has the right to acquire up to an 85% interest in the Libertad Property from Riverside Resources Inc.

Royalties: There is no underlying royalty on the property.

Libertad Project Details:

The Libertad property is comprised of the 160 km² Libertad concessions and the central 485 hectare Destierro property. The Destierro property has encountered numerous geochemical surface samples with analytical results of up to 8.0 grams per tonne (g/t) gold (Au) and up to 198 g/t silver (Ag). The property has never been drill tested. Mineralization throughout the property shows evidence of a low sulphidation system with bladed quartz textures and banded adularia-quartz veins overprinting earlier shear zone mineralization. The targets of exploration activities will be low sulphidation stockwork and shear zone related gold-silver mineralization as well as porphyry related disseminated copper and molybdenum mineralization.

Directors

Dunham L. Craig — CEO, President and Director
Randy V.J. Smallwood — Director
Graham C. Thody — Director and Chairman
Eduardo Luna — Director
George Brack — Director

Management

Siegfried (Sig) Weidner — Vice President, Exploration
Steven S. McRoberts — Vice President, Corporate Development
Jeffrey R. Wilson — Vice President, Corporate Communications & Corporate Secretary
Evelyn Abbott — Chief Financial Officer

Suite 1753 - 595 Burrard Street
P.O. Box 49172, Three Bentall Centre
Vancouver, BC V7X 1K8
Canada

Telephone: 604.694.1742
Fax: 604.694.1744
Email: info@geologix.ca
Website: www.geologix.ca

Corporate Information on Stockhouse

Dunham L. Craig P.Geo. President & CEO

Dunham Craig graduated from the University of British Columbia with a Degree in Geology in 1988. From 1970 to 1983, he worked in the heavy construction industry and also operated his own construction company for seven years. Upon graduation from university, he served as a project geologist for Cominco Exploration Ltd. and later consulted for Cominco and Kennecott Canada Inc. Subsequently in 1993, as the vice president of exploration and corporate development for Wheaton River Minerals, Dunham was responsible for the discovery of three mineral deposits at Wheaton River's highly profitable Golden Bear mine and for participating in the project through bankable feasibility and bank financing. He later directed the acquisition of the Bellavista Gold Project in Costa Rica and oversaw its design through bankable feasibility. From 2002 to 2005, he was a member of the initial management team of Glencairn Gold Inc. that acquired and developed two operating mines in Central America. Dunham joined Geologix in 2005 as its President and was later appointed CEO and President by the Board in 2006.

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