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Geodex Minerals Ltd. ("Geodex") announces that it has closed a Non-Brokered flow-through private placement financing of $541,500. Geodex will issue 1,805,000 flow-through common shares at $0.30 per share. Proceeds from the financing will be used for ongoing exploration and development of Geodex's Sisson Brook and Mount Pleasant West properties in New Brunswick. The company continues to push its flagship property, the Sisson Brook tungsten-molybdenum deposit, towards Pre-Feasibility in April 2009. Metallurgical testwork is ongoing with related programs in 2008 such as environmental and geotechnical being prepared for inclusion in the report. The Mount Pleasant West drilling program, funded by TeckCominco is underway at the present time.

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