Mr. Mark Fields reports

GEODEX INCREASES PRIVATE PLACEMENT TO C$650,000

Geodex Minerals Inc. has increased its recently announced $500,000 private placement to $650,000. Geodex will now issue 6.5 million units at 10 cents per unit. Each unit comprises one common share and one-half share purchase warrant. Each full warrant is exercisable into one Geodex common share at 15 cents per share for a period of 18 months from the closing date. Geodex may accelerate the expiry date of the warrants in the event Geodex's shares close at or above a price of 25 cents per share for 20 consecutive trading days on the TSX Venture Exchange. Proceeds from the private placement will be used for general corporate purposes.

The offering is fully subscribed and is scheduled to close on or about Nov. 10, 2011, subject to approval of the TSX Venture Exchange.

We seek Safe Harbor.