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Geodex Minerals Ltd. (the "Company") announces that it has closed its private placement offering of 9,500,000 flow-through common shares at a price of $1.00 per share (the "Shares"). The Company's agent, Jennings Capital Inc. ("Jennings Capital"), placed 7,000,000 Shares and the Company placed 2,500,000 Shares. Brokers received a cash commission of $626,325 and were issued 626,325 broker's warrants which are exercisable into 626,325 common shares of the Company at $1.00 per share until May 18, 2008.

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