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Share Name Share Symbol Market Type
TSXV:SDN TSX Venture Common Stock
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Sedex Mining Acquires Gold Property in West Timmins District Along Mattagami River Fault

23/09/2009 2:31pm

Marketwired Canada


Sedex Mining Corp. (TSX VENTURE:SDN) (the 'Company') is pleased to announce,
subject to regulatory approval, the acquisition of a 100% interest in the
Godfrey property consisting of eight units located in Godfrey Township,
Porcupine Mining Division, near to West Timmins Mining.


To view a map of the Company's Godfrey gold property along the West Timmins gold
belt please click on the following link:


http://media3.marketwire.com/docs/923map.pdf

The Godfrey property is accessible by road and is approximately 10 km southwest
of Timmins, Ontario. The Timmins Camp has produced over 7 million ounces to
date, the majority of which was mined in proximity to the Destor-Porcupine Fault
Zone.


The Godfrey Property has seen limited exploration work in the past. Data from
any previous work is currently being reviewed by Company and will be used to
guide upcoming exploration programs.


Consideration for the property consists of $35,000 and 200,000 shares, all
payable over three years. There is a 2% net smelter return payable, one-half
(1%) of which may be purchased for $1,000,000.


The Company also announces that it has arranged for a private placement for up
to 10,000,000 units for total proceeds of up to $400,000.  The financing will
consist of flow through units priced at $0.04 per unit and non-flow through
units priced at $0.025 per unit.  Each of the units will consist of one flow
through or non-flow through common share and one non-flow through,
non-transferable share purchase warrant entitling the holder to purchase one
additional common share for five years at a price of $0.05 per share in the
first year and $0.10 per share for the remaining four years.  In accordance with
Exchange policies, finders' fees may be paid on the funds raised. The private
placement is subject to regulatory approval.


About Sedex Mining Corp.

Sedex is well positioned to discover and capitalize on world class gold, silver,
copper, nickel and zinc deposits. During the past few years the Company has
strategically accumulated large land packages in existing mining or mineral
districts such as the Abitibi in Ontario. These properties often have existing
infrastructure and are often within road access to metallurgical facilities to
process mined ores.


The statements made in this Press Release may contain forward-looking statements
that may involve a number of risks and uncertainties. Actual events or results
could differ materially from the Company's expectations and projections.


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