GXM

Geodex Minerals Ltd. (TSX VENTURE:GXM)(FRANKFURT:G2W) ("Geodex") has closed the
non-brokered private placement announced December 11, 2012. The offering
consisted of 2,330,000 units (the "Units") at $0.09 per Unit, raising $209,700.
Each Unit is comprised of one common share and one share purchase warrant (a
"Warrant"). Each full Warrant is exercisable into one Geodex common share at
$0.12 per share for a period of 24 months from the closing date. No finders fees
or commissions were paid in connection with the Offering. Proceeds from the
private placement will be used for general corporate purposes and exploration
work on the Dungarvon tungsten-molybdenum project as well as other properties.
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 April
20, 2013.


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. Its current main focus is the
Dungarvon Tungsten-Molybdenum Project. Geodex has operated for a decade 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. 


FOR FURTHER INFORMATION PLEASE CONTACT: 
Geodex Minerals Ltd.
Investor Relations
(604) 689-7771 or Toll free 1-888-999-3500
(604) 689-5528 (FAX)
info@Geodexminerals.com
www.geodexminerals.com

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