Category: Exploration and Development

Vancouver, BC, February 16, 2012 — Geologix Explorations Inc. (TSX: GIX) (the “Company”) is pleased to announce remaining drill assay results from the latest resource expansion and infill drilling program at its 100% owned Tepal property in Michoacán state, Mexico. All drill assay data from the 160 holes drilled in the latest program are now being compiled in preparation of the forthcoming updated resource estimation.

On August 11, 2011, we, along with our joint venture partner Pan American Silver Corp. released a Preliminary Economic Assessment for the La Preciosa project. The results of the PEA were very favorable for the project, showing an after-tax net present value at a 5% discount rate of US$315 million (assuming prices of US$25/oz silver and US$1,250/oz gold). The project generates a 24.3% IRR assuming the above metal prices.

North Springs Resources Corp. is pleased to announce that it has initiated negotiations to acquire an interest in an option on multiple producing gold properties and a related mill operation in Chihuahua, Mexico.

Highvista Gold Inc. is pleased to report that it has identified several zones of high grade gold and silver mineralization at the La Republicana target on its 100% owned Canasta Dorada Gold Project, located within the Sonoran Gold Belt, in Sonora State, Mexico.

(402,092 Oz. Au Indicated / 740,911 Oz. Au Inferred)

DynaResource, Inc., a Resource Investment and Management Company based in Irving, Texas, with a current focus on the San Jose de Gracia Project in Mexico, targeting growth in the defining and production of gold and silver resources, is pleased to announce that it has received the results of a National Instrument 43-101 compliant resource estimate for the San Jose de Gracia Project from DynaResource de Mexico, SA de CV., the 100% owner of SJG. The current resource estimate is comprised of 372 drill holes totaling 75,878 meters.

Comstock Metals declared that it has started the first phase of a drill program on its Corona Gold-Silver Project located in the Uruachic District of Chihuahua, Mexico.

Arco Resources Corp. contracted with Micon International in the fall of 2011 to prepare a technical report under National Instrument 43-101 on its 3,181 hectare Predilecta property located in the state of Oaxaca, Mexico. The Report has now been completed, and recommends a two-phase property-wide exploration program with a budget of $290,000.

Southern Silver Exploration Corp. reported today that new assays from 2011 drilling have identified silver-enriched high-grade polymetallic mineralization in two separate target areas on the Cerro Las Minitas project, located in Durango State, Mexico.

Lone Star Gold, Inc. announced yesterday that they plan to begin initial shipments of tailings from their San Antonio del Potrero project for processing one week ahead of schedule. The company has also announced that unofficial results of samples of ore from the project show higher than reported amount of minerals (Gold, Silver, Lead and Zinc).

For the Huichol Indians, the desert mountains here are sacred, a cosmic portal with major mojo, where shamans collect the peyote that fuels the waking dreams that hold the universe together. For a Canadian mining company, these same hills look like a billion dollars worth of buried silver.