Dungarvon Project Drilling Results

Geodex Minerals Ltd. (TSX VENTURE:GXM)(FRANKFURT:G2W), (the "Company" or
"Geodex") announces that it has received the drilling results for its Peaked
Mountain target on the Dungarvon Tungsten-Molybdenum-Tin Project in New
Brunswick. Six holes were completed on the Peaked Mountain tungsten-molybdenum
target for a total of 837 metres for which all results have been received.
Results are pending for a further three holes which were completed on the South
Dungarvon tin target for a total of 276 metres. 


The focus of the Peaked Mountain drill program was to locate the source of
numerous large and high grade tungsten plus molybdenum bearing boulders and
tungsten-molybdenum-tin soil anomalies. The drilling did not intersect
mineralization of the same grade and character as the boulders. The Peaked
Mountain drilling was focused on and near the contact zone between the Dungarvon
granite intrusion and the country rocks as well as geophysical anomalies within
the Dungarvon Granite. Samples from three holes were submitted for analysis,
while the other three holes did not intercept material mineralization.


The best result was from DU-13-03 which intersected 9.31 metres of 0.177%
tungsten trioxide (WO3) and 0.036% tin, with mineralization in this interval
mainly in quartz veins cutting country rocks in close proximity to the Dungarvon
Granite. Molybdenite mineralization in DU-13-06 was focused in an 11.22 metre
interval, occurring in quartz veins in the granite near its upper contact.


The results included:



Drill Hole             From         To  Intercept      WO3       Mo      Tin
                   (metres)   (metres)   (metres)      (%)      (%)      (%)
DU-13-03              17.20      17.77       0.57    0.137    0.001    0.008
DU-13-03              32.60      33.00       0.40    2.533    0.006    0.022
DU-13-03              42.49      51.80       9.31    0.177    0.011    0.036
Includes                                                                    
DU-13-03              42.49      47.70       5.21    0.240    0.019    0.031
DU-13-04                                                                less
                                                                        than
                      33.85      34.45       0.60    0.001    0.329    0.002
DU-13-04                                                       less         
                                                               than         
                     118.92     119.23       0.31    0.084    0.001     0.24
                                                                            
DU-13-06                                              less                  
                                                      than                  
                      28.36      39.57      11.22    0.001    0.056    0.003



Note: The above intervals do not represent true widths of mineralization, which
would be less based on the measured core angles.


Mark Fields, President& CEO, commented "Our drill program was designed to locate
the origin of the numerous tungsten-molybdenum high grade boulders which may
have been sourced from a potential greisen-quartz vein system at Dungarvon. The
drilling has limited the potential size of a deposit with the character of the
boulders which were our exploration focus."


The South Dungarvon drilling were focused on a tin target. Results are
anticipated in late July.


Geodex's disclosure of a technical or scientific nature in this press release
has been reviewed and approved by David Martin, P. Geol., Geodex's Vice
President New Brunswick Operations, who acts as the qualified person under the
definition of National Instrument 43-101.


About Geodex

Geodex is a mineral resource company focused on New Brunswick, Canada. Geodex
has continued to actively develop its exploration portfolio focused on the
discovery of critical metals in New Brunswick. Geodex has operated for a decade
in New Brunswick where it has had a number of discovery and development
successes including Sisson and Mount Pleasant West.


ON BEHALF OF THE BOARD OF DIRECTORS, GEODEX MINERALS LTD.

Mark Fields, President & CEO

Forward-Looking Statement

Certain information regarding the Company contained in this press release may
constitute forward-looking statements within the meaning of applicable
securities laws. Forward-looking statements may include estimates, plans,
opinions, forecasts, projections or other statements that are not statements of
fact. Although the Company believes that expectations reflected in such
forward-looking statements are reasonable, it can give no assurance that such
expectations will prove to have been correct. The Company cautions that actual
performance will be affected by a number of factors, many of which are beyond
the Company's control, and that future events and results may vary substantially
from what the Company currently foresees. 


FOR FURTHER INFORMATION PLEASE CONTACT: 
Geodex Minerals Ltd.
Investor Relations
[phone]
Toll free 1-888-999-3500
www.geodexminerals.com