Effective at the opening on October 15, 1998, Geologix Explorations Inc. commenced trading on the Vancouver Stock Exchange. The company is classified as an "Venture" company and trades under the symbol "GIX".

Incorporated in British Columbia, Geologix Explorations Inc. is involved in the exploration and development of resource properties. The company currently has an option to earn a 60% interest in the Dromedary Property in the Yukon Territory. The target metals on the property are silver, lead, zinc and gold.

Geologix Explorations Inc. completed its initial distribution of shares to the public for a total gross proceeds of $420,000 (1,200,000 shares at $0.35 per share). The company’s capitalization is 100,000,000 common shares with no par value of which 4,824,000 common shares are issued and outstanding (with 750,000 shares held in escrow). Pacific Corporate Trust is the transfer agent for the company and Haywood Securities Inc. is the sponsoring Member.

The company has issued to its agent (Haywood Securities Inc.) a total of 180,000 non-transferable share purchase warrants. Each warrant entitles the agent to purchase one share of the company at $0.35 per share up to October 15, 1999.

For further information, please refer to the Company’s Prospectus dated September 21, 1998.

Geologix Explorations Inc.
D. Bruce McLeod, President
2200 - 885 West Georgia Street
Vancouver, BC V6C 3E8
Phone: (604) 687-9931