Geologix Explorations Inc.
TSX VENTURE : GIX

Geologix Explorations Inc.

September 15, 2005 08:37 ET

Geologix Announces Appointment of Dunham L. Craig, P. Geo. as President

VANCOUVER, BRITISH COLUMBIA--(CCNMatthews - Sept. 15, 2005) - Geologix Explorations Inc. (the "Company") (TSX VENTURE:GIX) is pleased to announce the appointment of Dunham L. Craig, P. Geo. as President effective September 15, 2005.

Mr. Craig was recently Vice President, Corporate Development of Glencairn Gold Corporation, a gold producer listed on AMEX and the Toronto Stock Exchange. During his time at Glencairn, Mr. Craig was responsible for evaluations on various projects worldwide. Most notably, Mr. Craig was the Project Manager for the Bellavista Gold Project in Costa Rica during which responsibilities included preparation of a bankable feasibility study, in country development and ultimately construction management of the project to it's current production status.

Mr. Craig was also Vice President, Corporate Development for Wheaton River Minerals where he discovered the Golden Bear deposits guiding them through feasibility, financing, permitting and ultimately into production. During his tenure he was responsible for the Bellavista Gold Project acquisition from Rayrock Resources Inc. and the subsequent project redesign from milling to heap leach processing. Mr. Craig was also instrumental in the acquisition of the Red Mountain Gold Project located in British Columbia, and was responsible for the redesign of the processing method, mining method and subsequent pre-feasibility study.

Prior to his position with Wheaton River Minerals, Mr. Craig was Project Manager with Cominco Exploration Ltd. and Kennecott Canada Ltd. on exploration projects in British Columbia and the Yukon.

Chairman and Chief Executive Officer, Bob Willis commented, "With over 15 years experience, including evaluation and due diligence of over 150 gold projects in North America, Asia, Central and South America, Mr. Craig adds an expansive knowledge of project evaluation, development and production. Our management team is now well balanced to pursue acquisitions of advanced stage mineral projects as well as continued exploration of our exciting property portfolio."

Grant of Incentive Stock Options

The Company announces that it has granted, pursuant to its Stock Option Plan, Incentive Stock Options (the "Options") to an officer of the Company to purchase an aggregate of 450,000 common shares of the Company. The Options are exercisable at a price of $0.31 per share for a period of five years. None of the above options have been issued to any directors of the Company.

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

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

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