GIX Geologix Explorations (delisted)

Geologix Explorations Inc. (TSX VENTURE:GIX)(FRANKFURT:GF6)

The Company is pleased to announce a new property, the Liscay Project (6,800
hectares), has been acquired as part of the on-going Geologix-Newmont (NYSE:NEM)
Alliance reconnaissance effort in the Huancavelica region of central Peru. The
Liscay Project was staked as a result of positive results from the Alliance
11,000 square kilometre regional program. The property covers an extensive vein
swarm currently identified over an area 6 kilometres long and 4.5 kilometres
wide. Precious-metal bearing epithermal veins and altered volcanic rocks are
host to the newly discovered mineralization. No sign of previous prospecting or
sampling in the area is evident, making this a new discovery in a highly
prospective region of Peru.


Dunham Craig, President and CEO, states, "We have been working on the Alliance
steadily with five crews for over a year in the belief that diligence would
create new discoveries in Peru that were previously unknown. We are very pleased
to see Liscay develop as one of the first discoveries and fully expect others to
emerge over the coming months. On behalf of the Company, we extend a special
thanks to our Peruvian field staff who have worked very hard on the Alliance and
also compliment Newmont for their full support since the inception of the
program. We foresee that this is just the beginning of our process for finding
new gold/silver discoveries in Peru."


Reconnaissance sampling has shown precious-metals to occur throughout the Liscay
property in multiple northeast vein swarms with grades varying between 0.3 to
7.2 g/t gold and 30 to 304 g/t silver (to see attachment please click on:
http://www.ccnmatthews.com/docs/gix0107vetas_liscay.pdf). The multiple vein
widths vary from 0.2 to 1.5 metres and display good lateral continuity. Large,
altered zones up to 10's of metres wide hosting disseminated-style
mineralization have also been identified with initial sampling. Over 20
individual veins have been found to date (to see photo please click on:
http://www.geologix.ca/i/pdf/2008-01-07_VLP.pdf), with one vein being traced for
3 kilometres along strike. Due to the density of the vein swarm and the
alteration style, the Alliance has converted the property to project status as
potential for a large gold/silver mineralizing system appears evident from early
stage prospecting results.


Additional exploration of Liscay will be conducted under a 50/50 joint-venture
between the Alliance partners, with Geologix as operator. Work will commence in
the first quarter of 2008 and will include detailed geologic mapping, soil
geochemistry and intensive sampling of the veins as well as trenching to
determine controls to precious-metal mineralization. Induced Polarization (IP)
geophysical surveys are planned for the vein swarms as well as the disseminated
targets to help prioritize subsequent trenching drilling targets.


The Company is continuing to evaluate through geological follow-up the numerous
target areas identified through the Alliance's reconnaissance effort in the
Huancavelica area. The Alliance partners are confident of additional
acquisitions in the coming months and have agreed to expand reconnaissance
efforts from the initially defined area of 11,000 square kilometres to an
increased area encompassing 14,000 square kilometres.


Qualified Person

Geologix's Chief Geologist, Andrew B. Carstensen M.Sc. (CPG), a 'qualified
person' for the purposes of National Instrument 43-101 Standards of Disclosure
for Mineral Properties of the Canadian Securities Administrators, has verified
the data (including sampling, analytical and test data) and prepared or
supervised the preparation of the information contained in this news release.


Quality Assurance & Control

The Company has implemented a quality assurance and control (QA/QC) program to
ensure sampling and analysis of all exploration work is conducted in accordance
with the best possible practices. The QA/QC policy includes the chain of custody
monitoring, insertion of blanks, standards and duplicates in the initial samples
submitted. The laboratory provides an additional internal control program.


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 does not constitute an offer to sell or a solicitation of an
offer to buy any of the securities in the United States of America. The
securities have not been and will not be registered under the United States
Securities Act of 1933 (the "U.S. Securities Act") or any state securities laws
and may not be offered or sold within the United States or to U.S. Persons (as
defined in the U.S. Securities Act) unless registered under the U.S. Securities
Act and applicable state securities laws, or an exemption from such registration
is available.

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