Rimrock Gold Corp (RMRK)

[MAGA90210]

Geologix Sells Silver Cloud Exploration Property in Nevada to Rimrock Gold

Geologix Explorations Inc. (the "Company" or "Geologix")
(TSX:GIX)(OTCQX:GIXEF)(FRANKFURT:GF6)(BERLIN:GF6)(MUN:GF6)(STUT:GF6) is pleased
to announce that it has sold its Silver Cloud Property ("Silver Cloud") in
northern Nevada to Rimrock Gold Corp. ("Rimrock Gold"), a Nevada corporation
(OTCQB:RMRK).


"Following the release of a positive Prefeasibility Study in March, management
at Geologix is squarely focused on the advancement of the Tepal Project in
Mexico," stated Dunham Craig, Geologix's President and Chief Executive Officer.
"The sale of Silver Cloud will further streamline Geologix, and ensure that this
promising Nevada project will receive the resources that we believe it
deserves."


Pursuant to the terms of the Purchase Agreement, the Company has sold all of its
interest in 552 unpatented lode mining claims ("Mining Claims") that constitute
the Silver Cloud Property. Rimrock Gold has agreed to issue 500,000 shares of
its common stock to Geologix, of which Geologix is required to assign 100,000
shares to Teck Resources Inc. In addition, if Rimrock Gold delineates more than
two million ounces of gold in proven and probable reserves on the Mining Claims,
then Rimrock Gold will issue a further 250,000 shares of common stock to
Geologix.