Geologix Explorations Inc.
TSX VENTURE : GIX

Geologix Explorations Inc.

June 01, 2006 10:22 ET

Geologix Announces Changes to its Board of Directors

VANCOUVER, BRITISH COLUMBIA--(CCNMatthews - June 1, 2006) - Geologix Explorations Inc. (the "Company") (TSX VENTURE:GIX) is pleased to announce that at the Company's Annual & Extraordinary General Meeting of Shareholders held on May 10, 2006, Dunham L. Craig, P. Geo. was elected to the Board of Directors of the Company along with the re-election of Robert D. Willis P. Eng., Randy V.J. Smallwood, P. Eng and Graham C. Thody, CA.

The Directors of the Company wish to express their gratitude to Bruce McLeod for his contributions to the Board during the periods that he served as Director. Mr. McLeod did not stand for re-election at the Annual & Extraordinary General Meeting.

EXECUTIVE CHANGES AND ADDITIONS

Geologix is pleased to announce that Dunham L. Craig, P. Geo has been appointed as CEO and President of the Company. Robert D. Willis P., Eng. will remain as Chairman of the Board for the Company. Mr. Willis will be extensively involved with marketing and financing activities for the Company.

Geologix is pleased to announce the appointment of Siegfried (Sig) Weidner as V.P. of Exploration. Mr. Weidner spent 18 years of continuous service with Rio Algom Ltd./Billiton/BHP Billiton. His exploration experience includes Advanced Project Management, Project Management from Greenfields Exploration to Pre-feasibility stage and Manager of Operations for North America/Europe. Mr. Weidner was a valuable member and leader of effective exploration teams and has been awarded the Prospector of the Year (New Brunswick PDAC branch) award in 1993 and the international Bill Dennis (PDAC) Prospector of the Year award in 1998 for the discovery of the Spence Porphyry Copper deposit in Chile. Andrew Carstensen will take on the role as Chief Geologist for Geologix.

GRANT OF INCENTIVE STOCK OPTIONS

Geologix Explorations Inc. (the "Company") announces that it has granted, pursuant to its Stock Option Plan, Incentive Stock Options (the "Options") to certain of its directors, employees and officers to purchase an aggregate of 550,000 common shares of the Company. The Options are exercisable at a price of $0.42 per share for a period of five years.

Geologix Explorations Inc. is a mineral exploration company focused on acquiring, exploring and developing mineral 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.


The TSX Venture Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of this release.

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