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 January 12, 2018
Geologix Noteholders Exercise Conversion Option in Full

 Vancouver, B.C., January 12, 2018 - Geologix Explorations Inc. (TSX: GIX) ("Geologix" or the "Company") is pleased to announce that holders of all of the outstanding convertible, unsecured, 10%, three-year promissory notes totalling $291,800 have converted the principal due under their notes into 8,105,555 common shares pursuant to the conversion price at the time the notes were issued of $0.036 per share.

About Geologix Explorations Inc.

Geologix is a mineral exploration and development company focused on acquiring, exploring, and developing mineral resource opportunities with the potential to host profitable mining operations. The Company's primary focus is the Tepal Gold/Copper Project in Michoacán state, Mexico.

For Further Information Please Contact:
Kiran Patankar
President and Chief Executive Officer
Tel: 604-694-1742

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