Geodex Closes $95,100 Private Placement, South Dungarvon Drilling Underway Shortly

Geodex Minerals Ltd. (TSX VENTURE:GXM)(FRANKFURT:G2W), ("Geodex") announces that
it has closed a non-brokered unit private placement of $90,000 and $5,100 in
flow-through shares. Geodex will issue 1,500,000 units (the "Units") at $0.06
per Unit. Each Unit is comprised of one common share and one half share purchase
warrant (a "Warrant"). Each full Warrant is exercisable into one Geodex common
share at $0.10 per share for a period of 12 months from the closing date. Geodex
will also issue 85,000 flow-through shares at $0.06 per share.


No finder's fees or commissions will be paid in connection with this private
placement. All securities issued in connection with this private placement are
subject to a four month hold period which expires on April 7th, 2014.


Proceeds from the private placement will be used to fund drill programs on the
South Dungarvon Tin and Benjamin Copper-Molybdenum Projects in New Brunswick, as
well as for general corporate purposes.


The drilling at the South Dungarvon Tin Project is scheduled to begin the week
of December 9th. Geodex will drill test an area of tin soil anomalies and
surface mineralization up to 3.48 per cent tin west of where Geodex intersected
tin mineralization in its spring drill program (see Geodex news releases of
August 1st and November 27th, 2013). The drilling at the Benjamin
Copper-Molybdenum Project will occur in the New Year. 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 base and 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. 


Neither the TSX Venture Exchange nor its Regulation Services Provider (as that
term is defined in the policies of the TSX Venture Exchange) accepts
responsibility for the adequacy or accuracy of this release.


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