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Geodex Minerals Ltd. (TSX-V:GXM), ("Geodex") announces that it has received final TSX Venture Exchange approval for its non-brokered private placement announced on December 7, 2007. The private placement has closed and consisted of 1,479,567 units at a price of $1.15 per unit for total proceeds of $1,701,502. Each unit is comprised of one common share and one half share purchase warrant to purchase one additional common share at $1.65 per share for one year following closing of the private placement. Geodex may force conversion of the outstanding warrants on 30 days notice to the warrant holders in the event Geodex's shares close at a trading price of $2.00 or greater for 10 consecutive trading days.

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