Geodex Minerals Ltd.: South Dungarvon Tin and Benjamin Copper-Molybdenum Drill Program Update

Geodex Minerals Ltd. (TSX VENTURE:GXM)(FRANKFURT:G2W) (the "Company" or
"Geodex")is pleased to provide an update on its plans to complete drill programs
on the South Dungarvon Tin and Benjamin Copper-Molybdenum Projects. In October
Geodex announced a proposed financing for which the proceeds would be used for
the drill program. The Company expects to proceed with a first tranche closing
of the financing shortly.


South Dungarvon Tin Project

Geodex undertook a first phase drill program at South Dungarvon, located 80 km
north of Fredericton, in June this year. The drill holes tested a zone of tin
soil anomalies and an interpreted major fault in the eastern region of the Late
Devonian Dungarvon Granite. Two of the drill holes, SD-13-01 and SD-13-03,
intersected near-surface tin mineralization, establishing a new tin occurrence
in the eastern part of the property (see Geodex news release August 1, 2013).
Importantly these two drill holes also successfully intersected the interpreted
major structure within the Dungarvon Granite which Geodex believes is a key
regional control for the tin mineralization. Tin soil anomalies and the reported
structure continue east and west of these two drill holes. The property is
covered by a blanket of glacial till, approximately 5 metres thick and masking
the underlying bedrock. The drill program was the first program to test the
character of the bedrock in this area of the property.


Having identified the structure and coincident tin mineralization in the eastern
part of the property during the June drill program, Geodex plans to test an area
of the interpreted structure in the western region of the property. This planned
work will test an area of tin soil anomalies and previously reported tin
mineralization in the western region of the property near the interpreted
regional structure. Previous explorers reported up to 3.48% tin from trench
samples in this target area. Limited previous prospecting by Geodex resulted in
the discovery of tin bearing rubble near this previous trench with one sample
returning 21,300 ppm tin. Geodex will conduct a VLF survey to map the western
extension and orientation of the structure that appears to control the
mineralization. 


Geodex plans to drill test the western extension of the major structure in the
area where the tin samples in excess of 2% have been located. A map of the South
Dungarvon target area and anomalies are available on the Geodex website at
www.geodexminerals.com.


Benjamin Copper-Molybdenum Project

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. Previous exploration has partially defined an
induced polarization ("IP") anomaly and soil copper-molybdenum -silver
geochemical anomalies within the project area. The IP chargeability high is a
strong anomaly which is partially coincident with the copper-molybdenum-silver
soil anomalies. 


Geodex has integrated glacial ice direction data, local geology, and data from
prospecting, soil sampling and geophysical surveys to identify drill hole
locations at the Benjamin Project. Geodex has previously used similar
combinations of exploration tools on other New Brunswick projects to define
attractive drill targets which then successfully discovered significant
mineralization. 


The primary target area within the Benjamin Project is approximately 1.5 square
kilometers.


The IP anomalies are open in several directions and Geodex plans a work program
which will include extending the IP survey area followed by drilling. Detailed
maps of the Benjamin target area and anomalies are available on the Geodex
website at www.geodexminerals.com.


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.


New Brunswick Government Grant

Geodex was pleased to receive notification it is receiving a grant of $40,000
from the New Brunswick Department of Energy and Mines towards the cost of the
South Dungarvon and Benjamin drill programs. The grant is through the Junior
Mining Assistance Program. The provincial government support for exploration and
mining is one of the reasons New Brunswick consistently ranks as one of the most
favourable mining jurisdictions world-wide as per the annual Fraser Institute
rankings. Geodex appreciates the support from the New Brunswick government,
which has contributed towards Geodex's capacity to conduct continued exploration
work this year during difficult market conditions.


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
[phone] (FAX)
[e-mail]
www.geodexminerals.com