Geologix to Carry Out $1,002,000 Unit Private Placement

Vancouver, BC – May 15, 2017 – Geologix Explorations Inc. [TSX-V: GIX] (“Geologix” or “the Company“) is pleased to announce it intends to carry out, subject to approval of the TSX Venture Exchange, a private placement of up to 16,700,000 units at $0.06 per unit for proceeds of up to $1,002,000. Each Unit will consist of one common share and one-half of one non-transferable share purchase warrant. Each whole warrant will entitle the purchase of one common share for three years at a price of $0.10.

The Company may pay fees to eligible finders of 7.0% of the proceeds from investors introduced by such finders and issue to such finders that number of warrants equal to 7.0% of the number of units sold to such investors. The warrants will be exercisable on the same terms as the warrants comprising part of the units.

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