GIX: Tepal PEA Update

STEVE PARSONS, Wellington West Capital Markets (04/12/2011)
"Geologix Explorations' updated PEA, based on March 16, 2011 resource estimate for Tepal: Based on 114.3 Mt. oxide and 130.2 Mt. sulphide ore, [the] resource size is in line [and] represents a 96% conversion of resource estimate. Tepal represents an open-pittable gold-copper porphyry deposit with robust economics. . .we are reiterating our Buy rating."

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