Geologix Explorations Inc.
TSX VENTURE : GIX
FRANKFURT : GF6

Geologix Explorations Inc.

January 03, 2008 08:40 ET

Geologix Announces the Addition of Eduardo Luna to the Board of Directors

VANCOUVER, BRITISH COLUMBIA--(Marketwire - Jan. 3, 2008) - Geologix Explorations Inc. (TSX VENTURE:GIX) (FRANKFURT:GF6) (the "Company") is pleased to announce that Mr. Eduardo Luna has joined Geologix as a Director of the Company.

Dunham Craig President and CEO stated "On behalf of the Company I wish to welcome Mr. Luna to Geologix. We are very pleased to have a member of the board with his wealth of experience in building mining corporations both in Latin America and world wide. With the San Agustin Project as our foundation in Mexico, we believe that the company is at the beginning of an accelerated growth and we greatly anticipate Mr. Luna's contribution to the company's future."

Mr. Luna was President of Luismin since 1991, Executive Vice President of Wheaton River since June 2002 and Executive Vice President of Goldcorp since March 2005. Currently, he is Chairman of Silver Wheaton. He holds a degree in Advanced Management from Harvard University, an MBA from Instituto Tecnologico de Estudios Superiores de Monterrey and a Bachelor of Science in Mining Engineering from Universidad de Guanajuato. He held various executive positions with Minera Autlan for seven years and with Industrias Penoles for five years. He was Chairman of the Mexican Mining Chamber on two occasions and former President of the Silver Institute. He serves as Chairman of Advisory Board of the Faculty of Mines at the University of Guanajuato. He is on the board of several other corporations.

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 Mr. Eduardo Luna to purchase an aggregate of 100,000 common shares of the Company. The Options are exercisable at a price of $2.28 per share for a period of 5 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.

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.

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

Contact Information

  • Geologix Explorations Inc.
    Michael Mallard
    V.P. Corporate Communications
    (604) 694-1742 or Toll Free in Canada & USA: 1-888-694-1742
    Email: mmallard@geologix.ca
    or
    Geologix Explorations Inc.
    Dunham Craig
    President & CEO
    (604) 694-1742 or Toll Free in Canada & USA: 1-888-694-1742
    Email: dcraig@geologix.ca
    Website: www.geologix.ca