Overview

Geologix Explorations Inc. (TSE:GIX ^[1]) is a mineral exploration company based in Vancouver, Canada. Its flagship property is the Tepal Gold-Copper Porphyry Project located in Michoacán State, Mexico. The Tepal Project hosts a current resource estimation of 1.15 million ounces Gold and 413 million lbs Copper, and is open for possible expansion. In June 2010 Geologix initiated a Phase 1 drilling program comprised of 5,000 metres of resource expansion drilling. A further 5,000 metres is scheduled for Phase 2, and will be designed based on the results of the first Phase. Geologix, is also exploring the early-stage Libertad Gold-Silver Project in Sonora Mexico, and has a number of other fully owned and joint venture properties in the United States, Mexico, and Peru.

Investment Highlights

• Resource expansion drill program underway at Tepal.
• Tepal Project- estimated indicated and inferred resource of 1.15 million ounces Gold, 413 million lbs Copper.
• Preliminary Economic Assessment (PEA) study to determine the potential economic viability of the Tepal resource is underway and expected to be completed in the fall of 2010.
• Libertad Project - previously undrilled gold/silver system, with discovery potential.

Chief Properties

The Tepal Project

Located 170km south of Guadalajara, Mexico, the Tepal Project area totals about 1,400 hectares. Geologix acquired the rights to the property in late 2009, and commissioned ACA Howe International Ltd. who produced a report estimating an inferred resource of 72.7 million tones grading 0.49 grams/tonne (g/t) gold and .25% copper, for a contained 1.15 million ozs gold and 413 million lbs copper. As part of the Company's initial work, programs of trenching, sampling and geophysics were initiated in early 2010. This work produced multiple drill targets throughout the project area and a 5,000 metre drill program, aimed at resource expansion, commenced in June of 2010. The project has 129 prior drill holes, which led to the identification of two main mineralized zones (North Zone and South Zone), which host the current resource estimate. In April of 2010 the Company completed a geophysical survey (Induced Polarization/Resistivity or "IP") over 15 square kilometres within the core area of the Project. The results of the survey delineated four distinct new high priority drill target areas for drill testing and possible resource expansion. These newly identified target areas will be the focus of an extensive future drill program.

In June of 2010 a diamond drill rig was mobilized to the project and drilling of a proposed 5,000 metre Phase 1 resource expansion drilling program commenced. Drilling will test multiple highly prospective target areas delineated from a recently completed geophysical survey over the core area of the project. The first drill hole has been collared approximately 300 metres west of the current resource and will continue to test the area surrounding the currently known North and South resource zones. A second drill rig is expected to be mobilized to the property in the coming weeks and will focus on multiple step-out targets delineated 800 to 1,500 metres east of the current resource areas. An additional 5,000 metre Phase 2 program at Tepal is planned, and will be designed based on the Phase 1 results.

Geologix has the right to acquire up to 100% interest in the Tepal Project by way of an Option to Purchase Agreement with Arian Silver Corp.

The Libertad Property

The Libertad Property consists of the 16,000 hectare Libertade concession and the central 485 hectare Destierro property. Prior to Geologix's involvement, the property had never been drilled or systematically explored. In the spring of 2010 Geologix completed a program of trenching and concluded a 3.5 square kilometer geophysical survey over the core area of the property delineating a significant geophysical anomaly and sizable drill target.

In June of 2010 a 2,000 metre diamond drill program commenced at Libertad. The first two holes encountered significant gold and silver mineralization over sizeable widths. Assay results include intercepts of 26.05 metres of 1.02 g/t gold and 65.10 g/t silver in the first hole, and 50.80 m of 0.51 g/t gold and 32.30 g/t silver in the second hole.

Full assay results from the first two holes are as follows:

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Management

Dunham L. Craig, P.Geo, CEO, President and Director
Dunham Craig graduated from the University of British Columbia with a Degree in Geology in 1988. From 1970 to 1983, he worked in the heavy construction industry and also operated his own construction company for seven years. Upon graduation from university, he served as a project geologist for Cominco Exploration Ltd. and later consulted for Cominco and Kennecott Canada Inc.

Subsequently in 1993, as the vice president of exploration and corporate development for Wheaton River Minerals, Dunham was responsible for the discovery of three mineral deposits at Wheaton River's highly profitable Golden Bear mine and for participating in the project through bankable feasibility and bank financing. He later directed the acquisition of the Bellavista Gold Project in Costa Rica and oversaw its design through bankable feasibility. From 2002 to 2005, he was a member of the initial management team of Glencairn Gold Inc. that acquired and developed two operating mines in Central America. Dunham joined Geologix in 2005 as its President and was later appointed CEO and President by the Board in 2006.

Siegfried (Sig) Weidner, B.Sc., V.P. Exploration
Mr Weidner has 25 years experience in mineral exploration. He spent 18 years of continuous service with Rio Algom Ltd./Billiton/BHP Billiton. His exploration experience includes Advanced Project Management, Project Management from Greenfields Exploration to Pre-feasibility stage and Manager of Operations for North America/Europe. Mr. Weidner was a valuable member and leader of effective exploration teams and has been awarded the Prospector of the Year (New Brunswick PDAC branch) award in 1993 and the international Bill Dennis (PDAC) Prospector of the Year award in 1998 for the discovery of the Spence Porphyry Copper deposit in Chile.

Steven S. McRoberts, B.Sc., M.Sc., P.Geo, V.P. Corporate Development
Mr. McRoberts has nearly 25 years of mining industry experience with a specific focus on advanced stage project evaluation, principally in North and South America and Australia. Mr. McRoberts spent 17 years with Teck Corporation and Teck Cominco Limited where he was Assistant Manager of the Advanced Projects Group from 2006 to 2007 and was involved in the exploration activities around Teck's mining operations world-wide. More recently, Mr. McRoberts acted as Manager of the Generative Project Group at Hecla Mining Limited from 2007 to 2009, where he was responsible for technical evaluation of all exploration activities and economic modeling of feasibility to production stage projects.

Mr. McRoberts holds a B.Sc. (Geology) from McMaster University and a M.Sc. (Mineral Exploration), from Laurentian University. He is a professional Geologist (P. Geol.), past President of the Geological Society (GEOSOC) of the Canadian Institute of Mines and Metallurgy (2006-2007) & Executive of CIMM, and a Member of Society of Economic Geologists (SEG).

Jeffrey R. Wilson, V.P. Corporate Communications & Corporate Secretary
Mr. Wilson has 15 years of experience in the mineral exploration and mining investment industries, and a wealth of contacts throughout the investment community, including retail brokers, mining analysts, private investors, fund managers, and institutions. From 2003 to 2008 Mr. Wilson acted as an independent investor relations consultant to several mineral exploration companies, including Silver Quest Resources Ltd., Triex Minerals Corporation, and Endurance Gold Corporation.

Prior to 2003, Mr. Wilson acted as an investor relations manager and served on the board of directors of two publicly listed companies during the 1990s, including Aquiline Resources Ltd. and Welcome Opportunities Ltd. (now Endeavour Mining Capital Corporation).

Evelyn Abbott, B.Sc., CMA, Chief Financial Officer
Ms. Abbott graduated in 1987 with Bachelor of Science from Mount Allison University and received her Certified Management Accounting (CMA) designation in 1997.

Ms. Abbott has more than 15 years of finance and accounting experience with senior financial roles in the biotech, manufacturing and logistics industries. She started her career in public accounting and progressed to an eight year tenure with The Tibbett & Britten Group, a multinational public logistics company. During her time with Tibbett & Britten, Ms. Abbott was the Controller of Summit Logistics Inc. for three years and was then promoted to Director of Finance for Tibbett & Britten North America, with financial responsibility for eight subsidiaries and over $350 million in annual revenue. Ms. Abbott has also worked as a Chief Financial Officer in the manufacturing sector and was most recently Director of Finance for B.C. Research Inc. and Vizon Scitec Inc.