Mauricio Candiani Galaz to
the Board of Directors
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Vancouver, B.C., December 31, 2010 - Geologix
Explorations Inc. (TSX: GIX) (the "Company") is pleased announce the
appointment of Mr. Mauricio Candiani Galaz to the Company's Board of Directors.
Mauricio Candiani Galaz,
MBA, is a Mexican citizen and currently President &
CEO of Candiani Mining, a private consulting firm
based in Mexico City, Mexico. In the last six years, Mr. Candiani
has completed numerous divestiture and acquisition deals in the mining and
energy sectors. He is experienced in executing equity and M&A transactions
in several countries in Latin America, and has acted as an advisor to Southern
Copper (Mexico), Endeavour Silver (Canada), La Camera (Canada), Mitsui (Japan),
Interexport (Chile) and Tracerco
(U.K.) amongst others.
Mr. Candiani is currently Vice President of the
Mexico City Chamber of Commerce and a Non-Executive Chairman of Allenamenti, a company that provides in-house management
training programs for companies in Mexico. Prior to starting his own
consultancy, he was a founding partner at Sedna Serficor, a private investment banking firm in Mexico, and
a former Executive President of the Mexican National Natural Gas Association.
Mr. Candiani also served as a Federal Congressman.
During his tenure (2000-2003) in Mexican politics, he led an industry effort to
reform the Federal Mexican Mining Legislation of which the bill was signed and
enacted in 2005. He was also actively involved in the discussion of other
pieces of legislation related to the energy business. He was previously
employed as Analyst with the U.S. based consultancy Arthur D. Little.
Mr. Candiani holds a bachelors degree in Political
Science and Public Administration from Universidad Iberoamericana
and an Executive Masters Degree in Business Administration from the prestigious
Institute Panamericano de Alta DirecciOn
de Empresas (IPADE). He also attended a guest program
of National Development at the Fu Hsing Kang
Institution in Taipei, Taiwan.
The Company also wishes to advise that Mr. Eduardo Luna has changed from his
position as a company director to an Advisor to the Board. The Company wishes
to express its appreciation for Mr. Luna's continued future guidance to Geologix and past contributions.
President Dunham L. Craig stated "On behalf of the directors, we are very
pleased with the addition of Mr. Candiani's expertise
in both the Mexican political-social arena and his business acumen in the
mining sector combined with the continued guidance from Mr. Luna. Their
perspective provides the Company with strong support as we progress with the
development our Mexican projects and continued growth in Latin America."
Geologix Explorations Inc. is a mineral exploration
company focused on acquiring, exploring and developing mineral resource
opportunities with the potential to host world class mineral deposits. The
Company's primary focus is the Tepal Gold-Copper
Porphyry Project in Michoac�n State, Mexico, where the Company has completed a
Preliminary Economic Assessment study ("PEA") of the existing
resource and is continuing to aggressively explore for additional gold and
copper mineralization in an effort to expand the size of the resource and scale
of the possible future mining operation.
V.P. Corporate Communications
Phone: (604) 694-1742
Toll Free in Canada and USA:
1 (888) 694-1742
President & CEO
Phone: (604) 694-1742
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