Company Information for Geologix Explorations Inc.

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Company Statement

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.

Current Operations

Mexico
San Agustin
Geologix has completed a total 21,000 metres of drilling on the project as of April 2008 and has allocated an additional 20,000 metres for 2008 as part of the Phase III drilling. Geologix has currently budgeted $7.5M for delineation and exploration drilling, resource calculations and project development activities this year. Drilling is planned to be a combination of delineation drilling expanding identified zones of mineralization as well as exploration drill testing geophysical targets on strike 800 metres northeast and 200 metres southwest from the Main Zone, Zones 2 and 4. A resource calculation has been initiated with Wardrop Engineering and this initial resource will be based on results obtained up to the end of Phase II drilling in all zones. The initial resource calculation is expected to be completed in the 2nd quarter of 2008.

Deeper drilling has begun in Zone 2 as part of the Phase III drilling. It is aimed to test the deposit depth and width along the flanks of Zone 2 and the Main Zone to identify the extent of mineralization. Both zones are currently open in all directions.

La Casita Property
On January 10, 2008 Geologix Explorations Inc. signed a letter of intent (LOI) with GFM Resources Limited for an option to earn a 60% interest in the La Casita, volcanic hosted low sulfidation gold/silver prospect located near the community of Rodeo in Durango State, Mexico.

Previous work by GFM Resources Ltd. included geologic mapping, soil and rock geochemistry, trenching and reverse circulation drilling. Outcrop exposures indicate gold mineralization to be associated with subvolcanic, rhyolitic dikes that outcrop sporadically in many areas of post-mineral cover (ignimbritic "caps" and alluvium). Potential to discover additional zones of gold mineralization in areas not yet sampled and below cover is judged to be very good.

Exploration plans by Geologix include aerial topographic surveying for ground control, geologic mapping of alteration and structure, additional soil and rock geochemistry, geophysical ground surveying and trenching to delineate drill targets in previously untested areas.

A Joint Venture will be formed once Geologix has fulfilled the option period of the agreement with Geologix having a 60% and GFM Resources Limited having a 40% initial interest in the Joint Venture. Further exploration, development programs and program funding activities will be governed by Management Committee with Geologix acting as the Operator. Non-participation in work programs and non-contribution to the associated expenditures by either party will result in the dilution of interest of the non-participation party using industry standard dilution terms.

Consejo
The property covers an area of 400 hectares and adjoins the San Agustin project on its western boundary. The geology is similar to the geology observed on the San Agustin project with Tertiary subvolcanic dacite plugs intruding Cretaceous aged sedimentary units. Strong north easterly trending structural zones with associated high grade mineralization have been worked on in the past by CONSEJO (an agency of the Mexican Government).

Geologix intends to advance the project with geological mapping and sampling, geophysics, trenching and diamond drilling in 2008.

Consejo Option
Geologix has entered into an agreement to acquire a 100% interest in the Consejo Property from a private land owner. The option calls for cash payments of US$135,000 over a 5 year period. There are no work commitments or any additional payments associated with the option. There are no royalties associated with the option.

North America - Nevada
Silver Cloud
Geologix Exploration's Silver Cloud gold-silver property is located in northern Nevada within the Northern Nevada Rift near the juncture with the Carlin Trend and adjacent to the Hollister low-sulfidation, bonanza epithermal gold deposit of Great Basin Gold. It is also located south, along trend, of the Midas mine (Newmont).

Previous exploration on the Silver Cloud Property by Teck and Placer Dome has proven the existence of low-sulfidation, bonanza-grade vein occurrences beneath the mercury-bearing hot spring silica deposits. Results include drill intercepts of 1.5 metres of 157 g/t gold at a depth of 318 metres and 12.2 metres of 5.53 g/t gold at a depth of 208 metres found in widely separate target areas. Two core holes drilled by Geologix in other areas encountered highly anomalous gold and silver and trace elements in sulfide-rich breccias and low-temperature banded quartz veins. Less than 10% of the large Silver Cloud property has been explored.

QC Property
The QC project is located in southern Quinn Canyon Range in the Walker Lane District, Nye County. Primary target for exploration activity is a Carlin-type, stratabound gold deposit in permissive carbonate stratigraphy and cross-cutting silicified structures (Meikle-type targets) as represented by silicified jasperoids.

In August 2007, an eight hole 1700m reverse circulation drill program tested various anomalies along the strike length of the anomalous jasperoid trend. Analytical results of this Phase I drill program are pending. Geologix also completed 216 kilometres of ground magnetic survey as well as collected 546 rock samples, 858 soil samples and 17 bleg samples.

RO Property
The RO property was acquired based on a favorable location geologically. The project is located at the northern end of the Battle Mountain Eureka trend, a structural lineament known to host other giant gold deposits in northern Nevada. The land acquisition allows Geologix to evaluate the southwestward extension of the Sleeper Mine stratigraphy and structure.

The Sleeper deposit produced 1,685,500 ounces of gold and 2,334,400 ounces of silver from high-grade veins and lower grade stockwork and breccia ores. Ninety percent of the ore mined was hosted by the Sleeper Rhyolite, a volcanic unit that is covered by alluvial gravels. At the present time XCal Resources Ltd. is evaluating a renewed geological interpretation. Published geological maps and publicly available data strongly suggests that the favorable mine stratigraphy and structure trends southwestward from the Sleeper pit onto ground controlled by Geologix. Specifically, the gold-silver veins of the original Sleeper mine, a prominent magnetic low, and Landsat TM lineaments all trend towards the RO claims which are covered by alluvial gravels along the western range front. Targets include high-grade gold-silver veins hosted by volcanic units that are covered by pediment gravels.

No exploration work has been done by Geologix to date and the company is looking to farm the project out.

OZ Property
The project is targeting a Carlin-type gold deposit. The claims lie in the midst of some of the most productive gold mines in Nevada.

The Oz property was optioned based on the favorable location as well as on the geological setting within northern Nevada. Publicly available airborne geophysical survey results indicated the property to be underlain by prominent electromagnetic resistivity anomalies along a structural corridor linking the Pinson Mine and the Preble Mine. Outcrop exposures on the property are sparse with the majority of the property covered by post mineral gravels. Geologix completed selected bio-geochemical sampling along approximately 5 line kilometres. Results of the bio-geochemical survey gave anomalous responses in gold as well as trace elements such as arsenic and antimony coincident with the resistivity anomalies. Ground-truthing of the airborne geophysical anomalies was completed by a ground geophysical Induced Polarization survey (IP) utilizing the pole-dipole survey method along 4.5 line kilometres.

The ground survey identified resistivity anomalies coincident with the airborne geophysical anomalies and the bio-geochem anomalies. The signatures are believed to be similar to those signatures that are being targeted for drill testing of mineralization at the Pinson deposit.

Geologix plans to drill test these anomalies using a reverse circulation (RC) drill rig commencing in August 2007.

Oz Option Agreement
Geologix may earn 100% of the property subject to a 3% NSR by completing a series of escalating payments to the owner of US$995,000 over a period of seven years. There are no work commitments on the property during this period.

South America - Central Peru
Huancavelica Reconnaissance - Newmont Alliance
First pass reconnaissance sampling was completed on the Alliance property during the 2nd quarter 2007. Anomaly evaluation and ranking was refined to allow target generation of areas worthy for detailed follow-up sampling and selected geophysical surveys. Several properties were and are being acquired through staking within the Alliance area. These properties are the Mirko, Lachoc, La Joya and Liscay properties. Follow-up sampling on these new properties is scheduled in conjunction with follow-up sampling on identified gold, silver, zinc and lead anomalies throughout the Alliance area. A total of 28 anomalous drainage basins were identified as a result of anomaly ranking using first pass reconnaissance results. A second pass evaluation of all anomalous basins is on-going and it is expected to be completed by the end of the 2nd quarter of 2008.

Second pass anomaly evaluation continued in the 4th quarter and continues to outline and locate highly prospective and previously unknown precious and base metal mineralization in various geological environments. Based on these results an amendment to the Joint Venture Agreement with Newmont was completed that increased the Alliance area from approximately 11,000 square kilometres to 14,000 square kilometres. The second pass evaluation of the Alliance area is scheduled to continue by evaluating the 28 anomalous drainage basins. This work is scheduled to be completed in the 3rd quarter.

Liscay Property
The Liscay Property covers a large area of precious-metal-bearing low-sulphidation epithermal veins and vein swarms.
High grade gold and silver mineralization has been identified at the Liscay project in Central Peru. Detailed sampling of the numerous veins has returned values up to 76.6 g/t gold and 1,205 g/t silver across 1.3 metres from an area where previous reconnaissance sampling had yielded 7.2 g/t gold, 304 g/t silver and 1.2 g/t gold, 748 g/t silver across similar widths. A new zone of epithermal veining with high precious-metal values has also been discovered located approximately 6 kilometres to the southwest. Values up to 27.5 g/t gold, 1,110 g/t silver over 0.4 metres and 0.8 g/t gold, 736 g/t silver across 1.5 metres have been detected in limited sampling within the new zone.

Recent geological mapping continues to show intense and extensive vein development in several areas on the Liscay property. Currently defined vein swarms lie within an area of 12 x 6 kilometres and the ultimate extent of mineralization is yet to be determined. Individual zones of veining and stockwork development have been found with dimensions up to 300m by 3 kilometres.

Additional mapping and detailed sampling of the newly discovered zone of high grade mineralization will commence immediately. Geophysical surveying (Induced Polarization) to define drill targets has been budgeted and will commence as soon as sampling has been completed. It is anticipated that geophysical anomalies will be drill tested in the by the end of 2008.

Cayhua
Geologix's property at Cayhua lies immediately adjacent to a stratabound ore zone at Corihuarmi. This zone may extend onto Geologix property via down faulting. Mineralized talus, a target for production by IRL and shed from the outcropping mineralized zone, is also present on Geologix's ground. Sampling of glacially denuded subcrop and talus on Geologix's property has returned low-level gold anomalies (0.05 - 2.3 g/t) consistent with know results over the main ore zones at Corihuarmi.

While a natural for joint development with IRL, to date no agreement has been negotiated. Should this situation continue, a plan including geophysics and drilling will be proposed to identify significant mineralization within Geologix's portion of the system.

San Felipe
Geologix identified San Felipe through regional reconnaissance early in 2004. Little evidence of significant past prospecting was evident in the field at the time of identification and acquisition. Geologix has since completed surface rock and soil sampling, reconnaissance and detailed geologic mapping, and Pima alteration studies.

Sura
The Sura concessions cover a portion of a very large zone (or more likely coalescing zones) of high sulphidation style hydrothermal alteration hosted in volcanic rocks.

Reconnaissance geological mapping and rock sampling have returned low-level gold anomalies (to 0.12 g/t Au). Follow-up grid soil sampling completed over the area of the best rock anomalies has defined a large coherent northwest-trending gold-in-soil anomaly 300 metres wide and 550 metres long. Sample values within the anomaly average 0.07 g/t Au with individual samples containing 0.02 to 0.17 g/t gold. The anomalous trend appears to continue, although less well defined, over the total length of the grid area, or in excess of 1.5 kilometres in length and 200 - 300 metres in width. Additional sampling is required to better define the overall extent and magnitude of the anomaly. Follow-up geological and geophysical investigations are planned.

Patacorral
Geologix identified Patacorral through a regional reconnaissance program early in 2004. No evidence of past prospecting was evident in the field at the time gold mineralization was discovered in road cuts along the Libertador Highway. Geologix has since completed extensive surface rock sampling, grid soil sampling, reconnaissance and detailed geologic mapping, extensive trenching, an IP geophysical survey, and limited shallow diamond core drilling.

Trenching revealed widespread low-level disseminated gold hosted in altered host rocks cut by oxidized, mesothermal quartz-tourmaline-pyrite veins containing higher gold concentrations. The current target is associated with a deeper-seated causative intrusion where the transition from veins to disseminated-style mineralization would occur. This target was not tested by past angle drilling which only probed for shallow down-dip extensions of the high grade vein float seen at surface. The presence of such a target is supported by geophysics. Distinct NE trending resistivity highs interpreted to reflect zones of increased silica concentration (vein zones) diminish at depth where a broad chargeability high dominates. This transition seen in the geophysics lies at depths of approximately 150 metres below surface. Elements associated with higher gold values are arsenic, antimony, copper, lead, bismuth, and potassium, again indicative of a porphyry system. Additional geophysics followed by drilling are recommended.

Toro Blanco
Toro Blanco is a high sulphidation precious-metal prospect with low-sulphidation overprinting hosted in Tertiary-age volcanic rocks. Disseminated precious-metal targets include high-sulphidation style replacements within silicified and vuggy silica altered sequences as well as cross-cutting, potentially porphyry-related, low-sulphidation quartz stockworks.

Precious-metal bearing alteration exposed at the higher elevations at Toro Blanco consists of vuggy silica and alunite typical of high sulphidation deposits. Anomalous gold concentrations are also found in low-sulphidation quartz stockworks common in lower elevation exposures suggesting a transition to a porphyry environment. Pima alteration studies indicate lower temperature clay assemblages predominate within the high-sulphidation target suggesting the best precious-metal concentrations could lie at shallow depth where higher temperatures would be expected.

Details of Ownership
An option agreement was being negotiated during the 4th quarter to allow Amera Resources Corporation to earn a 51% interest in the San Felipe, Sura and Toro Blanco properties by spending US$3,800,000 over a 5-year term on each of the three properties. An initial and committed expenditure of US$100,000 in the first year is to be spend on the three properties with a minimum of US$20,000 on each and a further US$40,000 at the discretion of Amera, pending results of initial geophysics. Incremental expenditures in subsequent years of US$200,000, US$500,000, US$1,000,000 and US$2,000,000 are at the election of Amera. Amera can earn an additional 19% by completing a feasibility study and providing financing to commercial production. The Letter of Intent was executed in the 1st quarter of 2008.

Board of Directors and Key Management

Board of Directors:
Robert Willis, B.Sc., P.Eng
Dunham L. Craig, P. Geo.
Randy V.J. Smallwood, P.Eng
Graham C. Thody, CA
Eduardo Luna

Management:
Robert D. Willis, B.Sc., P.Eng	Chairman of the Board and Director
Dunham L. Craig, P.Geo	CEO and President
Siegfried (Sig) Weidner, B.Sc	V.P. Exploration
Jeffrey R. Wilson	V.P. Corporate Communications
Evelyn Abbott, CMA	CFO
Andrew B. Carstensen, M.Sc. (CPG)	Chief Geologist

Company Address

#1003-750 West Pender Street
Vancouver, British Columbia, Canada V6C 2T8


Telephone:	604.694.1742
Facsimile:	604.694.1744
Email:	info[at]geologix.ca
Website:	http://www.geologix.ca

Additional Address/Key Contact

Robert D. Willis, rwillis@geologix.caDunham Craig, dcraig@geologix.caInvestor Relations, Jeffrey Wilson, jwilson@geologix.catel: 604.694.1742fax: 604.694.1744US/CDN toll free: 1.888.694.1742email: info@geologix.ca

Capital

Issued & Outstanding: 50,863458
Options and Warrants Outstanding: 7,222,500
Fully Diluted: 58,267,208

Year End

December 31

Most Recent Statement

17/11/08 - Geologix Explorations Hosts Conference Call On Exploration Activities And Corporate Update
06/11/08 - Geologix Reports Increased Resource Estimate For San Agustin Project
21/10/08 - Geologix Discovers Additional Zone Of Bonanza Grades At Liscay Project
10/10/08 - Geologix To Commence Trading On The Toronto Stock Exchange
02/10/08 - Geologix Re-Appoints Investor Relations Consultant And Grants Options
11/09/08 - BTV-Business Television Features Great Panther Resources, Geologix Explorations and Analyst David Morgan

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