Mr. Mark Fields reports

GEODEX ANNOUNCES UNIT PRIVATE PLACEMENT

Geodex Minerals Ltd. will proceed with a non-brokered private placement of up to 3,333,333 million units of Geodex at six cents per unit to raise $200,000. Each unit will comprise one common share and one-half share purchase warrant. Each full warrant is exercisable into one Geodex common share at 10 cents per share for a period of 12 months from the closing date.

Proceeds from the private placement will be used to finance a drill program on the Dungarvon project in New Brunswick to test the Peaked Mountain tungsten-molybdenum target and advance the South Dungarvon tin target, as well as for general corporate purposes.

No finders' fees or commissions will be paid in connection with this placement. The placement is subject to the approval of the TSX Venture Exchange.

We seek Safe Harbor.