Retransmission: Geologix Acquires Right to Purchase 100% Interest in the Tepal Gold-Copper Project, Mexico

VANCOUVER, BRITISH COLUMBIA, Nov 09 (MARKET WIRE) --
Geologix Explorations Inc. (the "Company" or "Geologix") (TSX:
GIX)(FRANKFURT: GF6)(BERLIN: GF6)(STUTTGART: GF6)(MUNICH: GF6) is pleased
to announce 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 pounds ("lbs") copper (see details below).
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 US$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.

Dunham Craig, President & CEO stated, "We are excited to have the
opportunity to acquire the Tepal Project as it represents an advanced
stage Mexican project, with extensive prior drilling, a significant
current resource estimation, and multiple exploration targets for
possible expansion. The Tepal Project meets the Company's preferred
project criteria on multiple levels and fits well with management's
exploration and development expertise. In a collaborative effort with
Arian, the Company is currently conducting a property scale geophysical
(IP) survey and metallurgical test program."

The Tepal Project:

The Tepal Project is located in the northwest portion of Michoacan State,
Mexico. Local and regional infrastructure is excellent, with paved roads,
deep sea port access, and low topographical relief. The project is
comprised of 6 concessions covering approximately 138 square kilometres.

A report on Tepal prepared by ACA Howe International Ltd. has estimated
the property resources as of September 24, 2008 as tabulated below:

---------------------------------------------------------------------
Catego
ry Tonnes Gold g/t Gold Oz. Copper % Copper lbs.
---------------------------------------------------------------------
Indicated 24,995,000 0.544 437,000 0.267 147,130,000
---------------------------------------------------------------------
Inferred 54,964,000 0.405 716,000 0.219 265,370,000
---------------------------------------------------------------------

Tonnage figures, ounces of gold and pounds of copper have been rounded
up or down to the nearest 1,000 tonnes, 1,000 ounces and 10,000 pounds
respectively. Tonnes are metric tonnes, g/t are metric grams/tonne.
Ounces and pounds are imperial measure using 2205 lbs equals 1 metric
tonne.

The estimate is based upon 92 drill holes and utilizes a 0.18 g/t Au
envelope that honours geology to constrain the mineralization. An inverse
distance method was used to the power of (ID3) to interpolate into 25 x
25 x 20 metre blocks using Micromine software. It is reported using a g/t
Au cut off. To the Company's knowledge, such resources will not be
materially affected by any known environmental, permitting, legal, title,
taxation, socio-political, marketing or other relevant issues. The known
resource remains open for possible expansion in multiple directions and
numerous highly prospective targets remain untested throughout the
project area.

The project has a total of 129 drill holes (62 diamond drill and 67
reverse circulation) totalling 20,121 metres which led to the
identification of two main mineralized zones, the North Zone and the
South Zone, which host the current resource estimate. In addition,
surface geochemical surveys throughout much of the project area indicate
numerous highly prospective untested gold and copper anomalies; most
notably to the east of the current deposits (see geochemical maps on the
Company's website).

Upon successful completion of the Company's due diligence, management
intends to initiate a program of trenching, sampling and drill target
delineation in advance of a next phase drill program expected to test new
target areas and upgrade the current resource.

Terms of the Purchase Transaction:

Under the agreement Geologix has advanced to Arian US$517,500 which has
been used by Arian to complete an outstanding underlying option payment
due to the property vendor (US$450,000 plus the applicable IVA (value
added tax) of US$67,500). The advance was made by Geologix to Arian as an
interest free loan repayable on April 23, 2010 unless Geologix elects to
option the property, in which case the loan will be applied against the
purchase price.

In consideration for the loan, Arian has granted Geologix a five month
exclusivity period during which Geologix shall undertake a due diligence
review of the property. Following completion of its due diligence review
and before the end of the five months, Geologix may elect to acquire the
property from Arian on an option basis for US$3-million, payable to Arian
in two instalments:

1. An initial payment of US$1.0 million, plus forgiveness of the loan of
US$450,000, for a total of US$1.45 million on or before February 23,
2010; and

2. A further payment of US$1.55 million on or before February 23, 2011.

At Geologix's election, up to 50% of each such payment may be made in
Geologix shares valued at the 10-day average closing price of the
Company's shares immediately prior to the time of each payment.

Geologix will also assume the balance of Arian's obligations under the
terms of an underlying property option agreement whereby Geologix will be
responsible for completing staged payments to the underlying property
vendor (as previously disclosed by Arian Silver Corp.). The Tepal claims
are subject to a 2.5% net smelter return ("NSR") to the underlying
vendor.

If Geologix elects not to acquire the property, Arian must repay the
initial advance (including the IVA, if not already repaid) to Geologix no
later than April 23, 2010, and Geologix's interest in the property will
terminate. If Arian fails to repay the advance Geologix may elect to
either:

1. joint venture the property with Arian and act as operator and hold a
51%, with Arian holding a 49% interest. The operator shall have the right
to propose a feasibility study to the joint venture and if the other
party does not fund its share, completion of the feasibility study will
earn the operator an additional 10-per-cent interest. The operator will
also have the right to propose production project financing and if the
other party does not participate, arrangement of the financing will earn
an additional 10-per-cent interest; or

2. require Arian to repay Geologix the advance (including, if not already
repaid, the IVA refund of US$67,500) by way of an issue of units of
Arian. Each unit shall be priced at the 10-day average closing price of
Arian's shares immediately prior to April 23, 2010, and consist of one
common share and one-half of one common share purchase warrant, with each
whole share purchase warrant entitling Geologix to purchase one common
share for a period of two years at the same price as the issue price of
the units.

Galen White, B.Sc., FGS, MAusIMM, Principal Resource Geologist, CSA
Global (UK) Ltd, formally of ACA Howe, a 'qualified person' for the
purposes of National Instrument 43-101 Standards of Disclosure for
Mineral Properties of the Canadian Securities Administrators, prepared
the information that forms the basis of, and verified the data (including
sampling, analytical and test data) contained in, this new release.

Geologix Explorations Inc. is a mineral exploration company focused on
acquiring, exploring and developing mineral properties in North and South
America.

The Toronto Stock Exchange has not reviewed and does not accept
responsibility for the adequacy or accuracy of this release.

Contacts:
Geologix Explorations Inc.
Jeffrey Wilson
V.P. Corporate Communications
(604) 694-1742 or Toll Free in Canada/USA: 1(888) 694-1742
jwilson@geologix.ca

Geologix Explorations Inc.
Dunham Craig
President & CEO
(604) 694-1742
dcraig@geologix.ca
www.geologix.ca

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