Archived News Releases

Geodex Minerals Ltd. (the "Company") reports that it has purchased an exclusive option to acquire a 90% interest in the Foster Lake Property located in Charlotte County, New Brunswick (the "Property"). The Property is comprised of several claim blocks being optioned from Southfield Resources Ltd. and Campfire Resources Ltd. (collectively the "Optionors") and a new claim group staked and paid for by the Company to link and consolidate all claims as the "Foster Lake Property". The Company may earn its 90% interest in the optioned portion of the Property by paying the Optionors a total of $30,000 and 150,000 shares of the Company over a three year option period. The Optionors are carried on a 10% retained interest in the Property to the start of commercial production. The Optionors retain a 2% net smelter royalty. The Company has minimum work commitments on the Property of $25,000 in the first year, $50,000 in the second year and $100,000 in the year.