Geodex Minerals Ltd.: Benjamin Copper-Molybdenum Project Drilling Underway Shortly

Geodex Minerals Ltd. (TSX VENTURE:GXM)(FRANKFURT:G2W) ("Geodex") is pleased to
announce that its Benjamin Copper-Molybdenum Project drill program will be
underway shortly. Geodex completed Induced Polarization and magnetometer surveys
in December in order to more fully define anomalies outlined through previous
work. The primary target area within the Benjamin Project is approximately 1.5
square kilometers and is defined by glacial ice direction data and local
geology, integrated with prospecting, soil sampling and geophysical surveys.


The Benjamin Project is a porphyry copper-molybdenum target located
approximately 60 km northwest of Bathurst, New Brunswick. It is an area of
extensive glacial till cover. Detailed maps of the Benjamin target area and
anomalies are available on the Geodex website at www.geodexminerals.com. The
drill is targeting areas which have been selected by the recently completed
Induced Polarization and magnetometer surveys complemented by the earlier
geophysical and geochemical work. The drill targets have copper and molybdenum
soil anomalies. Geodex also believes the targets have the potential to host
tungsten and/or tin mineralization based on the geological setting as well as
limited historical exploration in the area.


Geodex completed the South Dungarvon Tin Project drill program in December.
Drill core logging and sample preparation were completed after a Christmas break
for submission to the laboratory for analysis. Three holes and a total of 290
metres were completed. 


Geodex was able to carry out the Benjamin and South Dungarvon Project programs
with the assistance of a grant of $40,000 from the New Brunswick Department of
Energy and Mines. The grant is through the Junior Mining Assistance Program.
Geodex appreciates the support from the New Brunswick government, which has
contributed towards Geodex's capacity to conduct continued exploration work
during difficult market conditions.


Geodex has returned the Pabineau molybdenum project to the vendor. After
evaluating Pabineau prospecting and geochemical results from its fall
exploration program, Geodex has decided it will focus on its Benjamin and South
Dungarvon projects.

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

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.


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