Geodex Grants Stock Options

Geodex Minerals Ltd.  (TSX VENTURE:GXM) (FRANKFURT:G2W), ("Geodex") board of
directors has granted 860,000 incentive stock options to officers, employees and
consultants, exercisable for up to five years at a price of $0.10 per share. The
options were granted pursuant to the Geodex Minerals stock option plan and are
subject to any applicable regulatory hold periods.


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