Geodex Announces Stock Options Granted

Geodex Minerals Ltd. (TSX VENTURE:GXM)(FRANKFURT:G2W) (the "Company" or
"Geodex") board of directors has granted 1,030,000 incentive stock options to
officers, employees and consultants, exercisable for up to five years at a price
of $0.12 per share. The options were granted pursuant to the Geodex Minerals
stock option plan and are subject to any applicable regulatory hold periods. All
previous options have been cancelled as per resolutions passed at the Annual
General Meeting held September 4, 2012.


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. Its current main focus is the
Dungarvon Tungsten-Molybdenum Project. 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] or Toll free 1-888-999-3500
[phone] (FAX)
[e-mail]
www.geodexminerals.com