Goldex Releases Assays from Phase One Drill Program at El Arco

Goldex Resources Corporation (TSX VENTURE:GDX) ("Goldex" or the "Company") today
announced results from the phase one drill program on its Mexican property, El
Arco. El Arco represents a newly discovered gold-silver system that has seen no
previous exploration activity. The property is located in the Central Plateau
gold and silver belt, near the historic silver-lead-zinc district of Tejamen in
the state of Durango, Mexico. El Arco demonstrates low sulphidation
epithermal-style banded quartz veinlets similar to those found at the surface in
the La Cienga district also located in Durango. The project consists of two
mineral exploration licenses that cover 3,381 hectares. Surface samples have
confirmed the presence of both high-grade gold and silver values.


A 4000m reverse circulation drill program over 13 holes was conducted in January
of 2012 to NI 43-101 standards, presided over by Steve Friberg, a qualified
person as defined by National Instrument 43-101. Drill holes ranged from 100m to
300m in depth over an area of approximately 1 km2. A number of steep quartz
veins are visible at surface and the phase one program was designed to test a
model concept of an underlying andesite being a better host rock for
mineralization. Andesite was intersected in almost every hole and quartz veins
where intersected in all holes. The quartz veins intersected appeared to pinch
and swell both along strike and down dip. Twelve of the holes were angled to
better intersect the quartz vein zones.


Anomalous gold and silver values were intersected in the sampled quartz veins.
Each sample measured 5 foot in length. 35 samples contained from 0.10 to 0.63
g/t Au and 2 samples contained in excess of 1g/t. 54 samples ranged from 1 g/t
Ag up to 4 g/t and 3 samples had 5.8 g/t Ag up to maximum of 7.0g/t Ag.
Remaining samples contained no appreciable results. All drill holes encountered
abundant groundwater flow which can have an effect on sample quality. Samples
were assayed for gold and silver by Inspectorate labs located in Reno, Nevada
after being transported from their sample preparation lab in Durango, Mexico.


A phase two program is now being planned with the aim of testing the system at
depth. It has been recommended by the attending QP that a fluid inclusion study
be undertaken to determine the level of boiling for the veins to give an idea of
whether the target is deeper than currently tested. Exploration of the area
immediately to the north of the phase one program is also planned. A
preponderance of scattered gold values up to almost 21 g/t have been documented
by the surface sampling within the +1,000m long by 500m wide set of NNW-trending
quartz veins in the phase one area.


This news release has been reviewed by Steve Friberg, P. Geo., a qualified
person consistent with NI 43-101.


Charles E. Ross, Director and President,

GOLDEX RESOURCES CORPORATION

About Goldex Resources Corp

Goldex is a junior resources company exploring for gold in the Americas. A
twelve hole drill program has recently been completed on the El Arco property.
Goldex is in application for an Exploitation Licence at El Pato. Goldex also has
rights to the La Chorrera property, also in Guatemala. Goldex is listed on the
Toronto Venture Exchange (TSX VENTURE:GDX).


For more information please visit: www.goldex.ca.

Forward-Looking Statements

The forward-looking statements contained herein are expressly qualified in their
entirety by this cautionary statement. The forward-looking statements included
in this document are made as of the date of this document and the Company
disclaims any intention or obligation to update or revise any forward-looking
statements, whether as a result of new information, future events or otherwise,
except as expressly required by applicable securities legislation. Although
Management believes that the expectations represented in such forward-looking
statements are reasonable, there can be no assurance that such expectations will
prove to be correct. This news release does not constitute an offer to sell or
solicitation of an offer to buy any of the securities described herein.