Formation Metals Inc. announced today that it brings to shareholder’s attention important details regarding the nominees proposed by dissident shareholder, Dundee Corporation, namely Messrs. Paul Carroll and David Christie, regarding Mr. Carroll’s governance and compensation record and Mr. Christie’s lack of relevant public company experience. Formation also announces the positive recommendation from leading proxy advisory firm, Institutional Shareholder Services Inc.

Organizational Changes4Two reports out last week from Ernst & Young show the difficulties being faced by mining and exploration companies currently, but also some ways that the industry is adapting to confront the new challenges.

As many of you know, Formation Metals has recently been challenged by a Dissident Shareholder regarding the recently announced proposed sale of the Company’s precious metals refinery and has sought to obtain injunctions restraining the Company and the buyer from proceeding with the sale of the refinery, and in addition, has commenced proceedings against the directors of the Company based on unfounded allegations of breach of fiduciary duty.

As you know, Formation Metals Inc. (“Formation”) is under attack by a dissident shareholder, Dundee Corporation (“Dundee”). At the upcoming meeting on Friday June 21, 2013 we ask for your support to re-elect the current directors for the ensuing year. Your board and management team have a clear and realistic vision that we believe puts Formation in the best position to create long-term shareholder value.

Geologix Explorations Inc. announced today that it intends to carry out a private placement of up to 10 million common shares at a price of $0.10 per share for aggregate gross proceeds of up to $1,000,000. Geologix may increase the size of the placement if warranted and priority in the placement will be given to existing shareholders. Eligible finders will be paid a 5% cash fee.