Geodex Closes Flow Through Financing

Geodex Minerals Ltd. (TSX VENTURE:GXM)(FRANKFURT:G2W) ("Geodex") announces that
it has closed the previously announced non-brokered flow through private
placement. The Company will issue 1,745,000 shares of Geodex (the "Shares") at
$0.06 per Share, raising $104,700.


Proceeds from the private placement will be used for the drill program on the
Dungarvon Project in New Brunswick to test the Peaked Mountain
tungsten-molybdenum target and advance the South Dungarvon tin target, as well
as for other exploration work.


Geodex will pay finder's fees of $4,662 and 77,700 broker's warrants ("Broker's
Warrants") exercisable at $0.06 per Broker's Warrants for 12 months in
accordance with TSX Venture Exchange guidelines. All securities issued pursuant
to the private placement are subject to a four month hold period.


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 Geodex 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 Geodex 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. Geodex cautions that actual
performance will be affected by a number of factors, many of which are beyond
Geodex's control, and that future events and results may vary substantially from
what Geodex currently foresees.


FOR FURTHER INFORMATION PLEASE CONTACT: 
Geodex Minerals Ltd.
Investor Relations
604-689-7771 or Toll Free: 1-888-999-3500
604-689-5528 (FAX)
www.geodexminerals.com