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Geodex Minerals Ltd. (the "Company") announces that it has received final TSX Venture Exchange approval for its non-brokered private placement. The private placement has been closed and consisted of 1.09 million flow-through units at a price of CDN$0.40 per unit and 965,141 non flow-through units at a price of CDN$0.35 per unit for total gross proceeds of $773,799.35. The hold period on the private placement units and on any shares issued pursuant to the exercise of the warrants expires on June 14, 2007.

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