Mr. Charles Ross reports

NON-BROKERED PRIVATE PLACEMENT AND DEBT SETTLEMENT

Goldex Resources Corp. has arranged, subject to regulatory approval, a non-brokered private placement of up to 3.25 million units at a price of six cents per unit for gross proceeds of up to $195,000. Each unit will consist of one common share of the company and one transferable common share purchase warrant. Each warrant will entitle the holder thereof to purchase one share at a price of 10 cents for a period expiring five years from the date of issuance. The company is relying upon the exemptions under Multilateral Instrument 61-101 Section 5.5(a) and 5.7(1)(b) for insider participation. An insider will acquire 2,125,000 of the units.

Additionally, the company announces that it has entered into an agreement to satisfy outstanding indebtedness of $614,951 by the issuance of 10,249,182 units at a price of six cents per unit. Each unit is composed of one common share of the company and one transferable common share purchase warrant entitling the holder thereof to purchase one additional common share of the company at a price of 10 cents for a period expiring five years from the date of issuance. The indebtedness consists of outstanding loans.

Closing of the offering and debt settlement is subject to the receipt of all necessary corporate and regulatory approvals, including the TSX Venture Exchange. Proceeds from the offering will be used by the company for general working capital. All securities issued in connection with the offering and debt settlement will be subject to a statutory hold period of four months plus one day from the date of completion of the offering in accordance with the applicable securities legislation.