Geologix Announces Key Management Appointment and Issuance of Stock Options

VANCOUVER, BRITISH COLUMBIA--(Marketwired - March 1, 2017) - Geologix Explorations Inc. (TSX VENTURE:GIX)(FRANKFURT:GF6)(BERLIN:GF6)(MUN:GF6)(STUT:GF6) ("Geologix" or "the Company") is pleased to announce the appointment of Ms. Gillian Kearvell as the Company's Vice President of Exploration.

Ms. Kearvell is an exploration geologist with over 30 years of experience working with junior and senior exploration and mining companies throughout North America and Mexico. She has worked exclusively in Mexico since 1994 during which time she co-discovered Teck Resources' San Nicolas VMS deposit in Zacatecas State, managed the pre-feasibility field program at Goldcorp's Los Filos Mine and led Teck's exploration team that developed the Guerrero Gold Belt ("GGB") exploration model resulting in the El Limon-Guajes and Cerro Media Luna discoveries, currently operated by Torex Gold. She was most recently Vice President of Exploration at Newstrike Capital, where she led the Ana Paula Project discovery team until Newstrike's acquisition by Timmins Gold in 2015. Prior to that, Ms. Kearvell worked as Vice President of Corporate Development for Aurea Mining where she introduced and promoted the GGB to capital markets, among other duties. Ms. Kearvell resides in Guadalajara, Mexico.

Kiran Patankar, Geologix's President and Chief Executive Officer, stated: "Gillian's extensive experience developing exploration programs and managing teams in Mexico that have resulted in several world-class discoveries will be a tremendous asset to the Company as we leverage our first-mover advantage in the highly prospective yet underexplored porphyry belt hosting our Tepal Gold/Copper Project. Her keen passion for making new discoveries fits well with our corporate objectives. We are delighted to welcome Gillian to the management team at Geologix and to add a second leg of growth to the Company through her focused exploration approach."

In connection with Ms. Kearvell's appointment, the Company has agreed to issue Ms. Kearvell, subject to TSX Venture Exchange approval, 400,000 common shares of the Company and grant her a common share purchase option on 500,000 common shares for five years at $0.08 per share. The option will vest, as to 25%, on each of granting, June 1, 2017, September 1, 2017, and March 1, 2018.

The Company also announces that it has granted incentive stock options to its directors and employees, exercisable to purchase up to 3,125,000 common shares until March 1, 2022 at an exercise price of $0.08 per share. The incentive stock options were granted in accordance with the Company's Stock Option Plan.