Geologix Explorations Inc.
TSX VENTURE : GIX
FRANKFURT : GF6

Geologix Explorations Inc.

August 29, 2007 09:55 ET

Geologix Explorations Has No Direct Exposure to Asset Backed Commercial Paper

VANCOUVER, BRITISH COLUMBIA--(Marketwire - Aug. 29, 2007) - Geologix Explorations (TSX VENTURE:GIX)(FRANKFURT:GF6) would like to clarify that the Company has no direct exposure to Canadian or other asset-backed commercial paper (or sub prime mortgages). All Corporate funds are held in Royal Bank Cashable Guaranteed Investment Certificates (GIC), not commercial paper.

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 (Canada and USA): 1-888-694-1742
    Email: mmallard@geologix.ca
    or
    Geologix Explorations Inc.
    Dunham Craig
    President & CEO
    (604) 694-1742 or Toll Free (Canada and USA): 1-888-694-1742
    Email: dcraig@geologix.ca
    Website: www.geologix.ca