Geologix Explorations Inc. reported unaudited consolidated earnings results for the third quarter and nine months ended September 30, 2009. For the quarter, the company reported loss and comprehensive loss for the period of CAD 900,308 or CAD 0.02 basic and diluted per share against CAD 1,516,015 or CAD 0.03 basic and diluted per share a year ago. Cash from operating activities was CAD 328,985 against cash used in operating activities of CAD 1,442,702 a year ago. Purchase of property and equipment was CAD 34,698 against CAD 50,948 a year ago. For the nine months, the company reported loss and comprehensive loss for the period of CAD 3,503,384 or CAD 0.07 basic and diluted per share against CAD 8,055,814 or CAD 0.14 basic and diluted per share a year ago. Cash used in operating activities was CAD 716,668 against CAD 3,300,411 a year ago. Purchase of property and equipment was CAD 58,636 against CAD 204,912 a year ago.

Geologix Explorations Inc. announced it has entered into an agreement with Arian Silver Corp. ('Arian') whereby Geologix has been granted the exclusive rights to purchase Arian's 100% interest in the Tepal Gold-Copper Project in the state of Michoacan, Mexico. The Tepal project hosts a resource estimated at 1.15 million ounces ('ozs') gold and £413 million copper. Under the terms of the agreement, Geologix can elect to complete the purchase of 100% of the property, subject to a 2.5% net smelter return royalty, by delivering to Arian $3.0 million in staged payments before February 23, 2011 (at Geologix's election, up to 50% payable in Geologix shares), and assuming the balance of Arian's obligations under the terms of the underlying property option agreement.

Geologix Explorations Inc. announced the appointment of Mr. George L. Brack to the company's board of directors. Mr. Brack's 25-year career in the mining industry has focused on investment banking and corporate development, specifically identifying, evaluating, and executing strategic mergers and acquisitions, and the provision of equity financing. Most recently Mr. Brack acted as the Managing Director and Industry Head, Mining Group, of Scotia Capital.