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Press release from Marketwire

Geologix Files Tepal Preliminary Economic Assessment Report on SEDAR

Wednesday, November 03, 2010

Geologix Files Tepal Preliminary Economic Assessment Report on SEDAR10:51 EDT Wednesday, November 03, 2010VANCOUVER, BRITISH COLUMBIA--(Marketwire - Nov. 3, 2010) - Geologix Explorations Inc. (TSX:GIX)(FRANKFURT:GF6)(BERLIN:GF6)(STUTTGART:GF6)(MUNICH:GF6) (the "Company") is pleased to announce it has filed on SEDAR the Preliminary Economic Assessment study completed by SRK Consulting Inc. of Vancouver B.C. as referred to in the Company's press release dated October 12, 2010 respecting its Tepal Property in Michoacán State, Mexico. Geologix Explorations Inc. is a mineral exploration company focused on acquiring, exploring and developing mineral resource opportunities with the potential to host world class mineral deposits. The Company's primary focus is the Tepal Gold-Copper Porphyry Project in Michoacán State, Mexico, where the Company has completed a Preliminary Economic Assessment study ("PEA") of the existing resource and is continuing to aggressively explore for additional gold and copper mineralization in an effort to expand the size of the resource and scale of the possible future mining operation.FOR FURTHER INFORMATION PLEASE CONTACT: Jeffrey WilsonGeologix Explorations Inc.V.P. Corporate Communications(604) 694-1742 or Toll Free in Canada + USA: 1-888-694-1742jwilson@geologix.caORDunham CraigGeologix Explorations Inc.President & CEO(604) 694-1742 or Toll Free in Canada + USA: 1-888-694-1742dcraig@geologix.cawww.geologix.caThe Toronto Stock Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of this release.