Geologix Explorations Inc.
TSX VENTURE : GIX

Geologix Explorations Inc.

May 13, 2005 08:30 ET

Geologix Explorations Inc.: Grant of Incentive Stock Options

VANCOUVER, BRITISH COLUMBIA--(CCNMatthews - May 13, 2005) - Geologix Explorations Inc. (the "Company") (TSX VENTURE:GIX) announces that it has granted, pursuant to its Stock Option Plan, incentive stock options (the "Options) to two newly appointed directors of the Company, to purchase an aggregate of 300,000 common shares of the Company. The two directors were appointed to the Board at the Company's Annual & Extraordinary General Meeting held on May 10, 2005. The options are exercisable at a price of $0.39 per share for a period of five years.

Geologix Exploration 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 may contain forward-looking statements including, but not limited to, comments regarding the timing and content of upcoming work programs, geological interpretations, receipt of property titles, potential mineral recovery processes, etc. Forward-looking statements address future events and conditions and therefore involve inherent risks and uncertainties. Actual results may differ materially from those currently anticipated in such statements.

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

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