GXM

Geodex Minerals Ltd. (TSX VENTURE:GXM)(FRANKFURT:G2W) ("Geodex") announces that
it has acquired control of 16,003,700 common shares of Northcliff Resources Ltd.
("Northcliff") or approximately 21% of the issued and outstanding common shares
of Northcliff on closing of Geodex's disposition of its remaining 30% interest
(the "Disposition") in the Sisson tungsten-molybdenum project in New Brunswick
(the "Sisson Project") to Northcliff. The objective of the Disposition was to
consolidate 100% ownership and control of the Sisson Project in Northcliff. The
consideration for the Disposition of Geodex's 30% interest was the issuance of
16,003,700 common shares by Northcliff to Geodex, $1 million cash and the return
to Geodex of 3,333,333 Geodex shares owned by Northcliff.


Geodex acquired the 16,003,700 common shares of Northcliff pursuant to the
Disposition. On July 4, 2012, Geodex will distribute the 16,003,700 common
shares of Northcliff to its shareholders on the basis of 0.145 Northcliff share
for each Geodex share held.


A report respecting this transaction will be electronically filed with the
Securities Commissions in British Columbia and Alberta and will be available for
viewing at www.sedar.com. 


About Geodex

Geodex is a mineral resource company focused on New Brunswick, Canada. Geodex
has continued to actively develop its exploration portfolio focused on the
discovery of critical metals in New Brunswick. A drill program is planned in
2012 on the Dungarvon Project to follow up promising 2011 drill results. Geodex
has operated for nine years in New Brunswick where it has had a number of
discovery and development successes including Sisson and Mount Pleasant West.


ON BEHALF OF THE BOARD OF DIRECTORS

GEODEX MINERALS LTD.

Mark Fields, President & CEO

Forward-Looking Statements

Certain information regarding Geodex contained in this press release may
constitute forward-looking statements within the meaning of applicable
securities laws. Forward-looking statements may include estimates, plans,
opinions, forecasts, projections or other statements that are not statements of
fact. Although Geodex believes that expectations reflected in such
forward-looking statements are reasonable, it can give no assurance that such
expectations will prove to have been correct. Geodex cautions that actual
performance will be affected by a number of factors, many of which are beyond
Geodex's control, and that future events and results may vary substantially from
what Geodex currently foresees.

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