Geologix Explorations Inc.
TSX VENTURE : GIX

Geologix Explorations Inc.

June 13, 2005 08:30 ET

Geologix Announces Acquisition of QC Property, Nevada

VANCOUVER, BRITISH COLUMBIA--(CCNMatthews - June 13, 2005) - Geologix Explorations Inc. (the "Company") (TSX VENTURE:GIX) is pleased to announce the acquisition via staking of a significant gold prospect hosted in sedimentary rocks in Nevada. The QC prospect (121 claims - 2420 acres on BLM land) is centered on gold-bearing jasperoids hosted in favorable carbonate rocks in the southern Quinn Canyon Range of eastern Nye County, Nevada. Primary targets are Carlin-type stratabound gold deposits in permissive carbonate stratigraphy and cross-cutting silicified structures.

Outcropping oxidized jasperoids are widely developed within thin-bedded carbonate units of the Cambrian Windfall/Nopah Formations along a 5 kilometer long trend of alteration and mineralization that parallels the contact between the sedimentary rocks and altered Tertiary volcanic rocks. Anomalous gold values ranging from 0.02 to 1.0 grams per tonne as well as highly anomalous As, Sb, Ba, Tl, Te, and Se are associated with the jasperoids (also bleached and sanded zones) where exposures of porphyritic intrusive rocks have been found. Gold mineralization has currently been identified along 2 kilometers of the known trend; sampling continues to trace its overall extent. The Cambrian sedimentary rocks underlying the QC property are considered to be excellent potential host rocks for gold mineralization as they contain numerous historic and current gold deposits and resources in the Eureka District, 180 kilometers to the north.

The Company plans to immediately commence detailed geologic mapping and geochemical sampling. A ground-based magnetic survey is also being considered to help define drill targets.

All samples have been collected by Geologix's Nevada field crews in accordance with industry standards. Sample analysis was completed by ALS Chemex Laboratory Services Limited of Vancouver, British Columbia. Samples were fire assayed for gold, with AA finish; results for other elements used the ICP procedure. The Company's President, Robert D. Willis, B.Sc., P.Eng., a 'qualified person' for the purposes of National Instrument 43-101 Standards of Disclosure for Mineral Properties, has verified the data disclosed in this news release including sampling, analytical and test data.

The Company has terminated its option on the Cerro Calorco property in northern Peru.

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 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.

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