Mr. Mark Fields reports

GEODEX CLOSES C$660,000 PRIVATE PLACEMENT

Geodex Minerals Inc. has closed a $660,000 non-brokered private placement offering of 6.6 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. The company paid total finders' fees of $29,440 in connection with the offering. Proceeds from the private placement will be used for general corporate purposes.

All of the securities issued under the offering, including any shares issued on exercise of warrants, will be subject to a four-month hold which expires March 23, 2012.

We seek Safe Harbor.