Geologix Explorations Inc.
FRANKFURT : GF6
BERLIN : GF6
TSX : GIX

Geologix Explorations Inc.

June 29, 2009 13:00 ET

Geologix Announces Results of 2009 Annual General Meeting

VANCOUVER, BRITISH COLUMBIA--(Marketwire - June 29, 2009) - Geologix Explorations Inc. (the "Company") (TSX:GIX)(FRANKFURT:GF6)(BERLIN:GF6)(STUTTGART:GF6)(MUNICH:GF6) is pleased to announce results of its Annual General Meeting held on June 24, 2009. Shareholders have approved all resolutions brought before them at the meeting, as a total of 17,746,823 shares, representing approximately 34.59 per cent of the Company's outstanding shares were represented in person or by proxy at the meeting.

Management's nominees who stood for election, namely Dunham L. Craig, Eduardo Luna A., Randy V.J. Smallwood, and Graham C. Thody were duly re-elected to the Board of Directors with more than 98.6 per cent of the votes cast voting in favour, and will hold office until the next Annual General Meeting. Shareholders also voted to approve setting the number of Directors at four for the ensuing year.

In addition, Davidson & Company LLP, Chartered Accountants was re-appointed as the external auditor of the Company and will hold office until the next annual meeting.

Non-Executive Chairman, Robert Willis did not stand for re-election to the Board as part of his expressed intention to enter retirement. After founding the Company in 2002, Mr. Willis served as a Director, President, and CEO until 2005, before becoming Chairman. Mr. Willis will remain with the Company in an advisory role. Management and Board of Directors of Geologix wish to thank Mr. Willis for his years of service and significant contributions to the Company.

Robert Willis stated, "We have assembled a very professional and committed management team and Board of Directors over the last seven years. We have every expectation that shareholders will be duly rewarded for their ongoing support."

Dunham Craig, President & CEO, stated, "We thank the shareholders who attended the meeting in person or by proxy, and look forward to serving all Geologix shareholders during the ensuing year as we continue our efforts to build the Company through acquisition and development. Of Mr. Willis' retirement, he has been a valuable and committed component of the Geologix team and the Company appreciates the contribution he has made in assisting in the design and implementation of the Company's strategy. We wish him and his family all the best in his retirement and look forward to his valued input to the Company."

Geologix Explorations Inc. is a mineral exploration company focused on acquiring, exploring and developing mineral properties in North and South America.

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

Contact Information