Geodex Minerals Ltd. (the "Company") announces that it has engaged Jennings Capital Inc. ("Jennings Capital") as lead agent in connection with a brokered private placement offering of up to 7,500,000 flow-through common shares at a price of $1.00 per share (the "Brokered Offering"). The Company is also undertaking a concurrent nonbrokered private placement of up to 2,500,000 non flow-through common shares at a price of $1.00 per share (the "Non-Brokered Offering").