Geologix Explorations Inc.
TSX VENTURE : GIX
FRANKFURT : GF6

Geologix Explorations Inc.

April 16, 2007 16:23 ET

Geologix Explorations Grants Incentive Stock Options

VANCOVUER, BRITISH COLUMBIA--(CCNMatthews - April 16, 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 directors, employees and officers to purchase an aggregate of 842,500 common shares of the Company. The Options are exercisable at a price of $2.77 per share for a period of 5 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 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.

Contact Information

  • Geologix Explorations Inc.
    Michael Mallard
    V.P. Corporate Communications
    (604) 694-1742 or Toll Free in Canada & USA: 1-888-694-1742
    Email: mmallard@geologix.ca
    or
    Geologix Explorations Inc.
    Dunham Craig
    President & CEO
    (604) 694-1742 or Toll Free in Canada & USA: 1-888-694-1742
    Email: dcraig@geologix.ca
    Website: www.geologix.ca