GXM

Geodex Minerals Ltd. (TSX VENTURE:GXM)(FRANKFURT:G2W), ("Geodex") announces that
all resolutions proposed at the Annual General Meeting held September 4th were
approved. This included the re-election of five directors and election of one
new director and the consolidation of its issued share capital. The Board of
Directors subsequently approved a share consolidation of ten to one as described
in more detail below. Also approved by disinterested shareholders of Geodex were
resolutions adopting a 20% fixed stock option plan and the re-granting and
re-pricing of existing incentive stock options within the policies of the TSX
Venture Exchange.


David Buckle, Mark Fields, Jack Maris, Jack Marr and Jack Patterson were
re-elected to the Board of Directors. Gorden Glenn was elected as a new Board
member.


Mark Fields, President and CEO, said, "I would like to welcome Gord to the Board
of Geodex. Gord is an individual with excellent experience in the capital
markets focused on the exploration and mining sector. He is a geologist who has
worked for various investment banks in positions of increasing seniority over
the past 15 years. Gord will strengthen Geodex's connections with the financial
community as we proceed with our renewed exploration focus following the sale of
the Sisson tungsten-molybdenum project earlier this year."


Fields continued, "I would also like to thank Neil Seldon, who did not stand for
re-election to the Board, for his many contributions to Geodex over the years.
Neil provided his mining expertise to our enterprise as well as his business
acumen during the period when Sisson was advanced from the exploration to the
development study stage. I am also pleased that Neil has agreed to join Geodex's
Advisory Board so we can continue to draw upon his expertise as appropriate."


Fields also noted, "Neil Humphreys is retiring as our Chief Geologist. Neil has
been a key member of the Geodex operations team since 1993 and was instrumental
in the exploration and development of Sisson and many other projects. I have
appreciated his many contributions as Chief Geologist over the years."


Shareholders approved the proposed consolidation of Geodex's issued share
capital on the basis of one (1) new common share without par value for up to ten
(10) existing common shares without par value. The Board of Directors determined
to proceed with the share consolidation on the basis of one (1) new common share
without par value for ten (10) existing common shares without par value. Geodex
currently has 110,370,349 common shares issued and outstanding. Following the
consolidation there will be a total of approximately 11,037,035 common shares
issued and outstanding. Geodex will not be implementing a name change. 


The completion of the proposed share consolidation is subject to TSX Venture
Exchange approval.


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 Statement

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.

Grafico Azioni Geodex Minerals Ltd. (TSXV:GXM)
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Grafico Azioni Geodex Minerals Ltd. (TSXV:GXM)
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