Geologix Explorations Inc.

Geologix Explorations Inc.

October 19, 2007 16:36 ET

Geologix Explorations Inc.: Grant of Incentive Stock Options

VANCOUVER, BRITISH COLUMBIA--(Marketwire - Oct. 19, 2007) - Geologix Explorations Inc. (the "Company") (TSX VENTURE:GIX)(FRANKFURT:GF6) announces that it has granted, pursuant to its Stock Option Plan, Incentive Stock Options (the "Options") to certain of its consultants, employees and officers to purchase an aggregate of 240,000 common shares of the Company. The Options are exercisable at a price of $2.09 per share for a period of two and five years.

Geologix Explorations Inc. is a mineral exploration company focused on acquiring, exploring and developing gold 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 and accuracy of this release.

Contact Information

  • Geologix Explorations Inc.
    Michael Mallard
    V.P. Corporate Communications
    (604) 694-1742 or Toll Free Canada and USA: 1-888-694-1742
    Geologix Explorations Inc.
    Dunham Craig
    President & CEO
    (604) 694-1742 or Toll Free Canada and USA: 1-888-694-1742