Geologix Explorations Inc.
TSX VENTURE : GIX

Geologix Explorations Inc.

October 03, 2005 16:30 ET

Geologix Explorations Inc.: Grant of Incentive Stock Options

VANCOUVER, BRITISH COLUMBIA--(CCNMatthews - Oct. 3, 2005) - Geologix Explorations Inc. (the "Company") (TSX VENTURE:GIX) 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 150,000 common shares of the Company. The Options are exercisable at a price of $0.35 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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