RAB Special Situations L.P.

Goldex Resources Corporation

Goldex Resources Corporation

April 29, 2005 14:18 ET

RAB Special Situations L.P./Goldex Resources Corporation-Announcement


NEWS RELEASE TRANSMITTED BY CCNMatthews

FOR: RAB SPECIAL SITUATIONS L.P.

AND GOLDEX RESOURCES CORPORATION

TSX VENTURE SYMBOL: GDX

APRIL 29, 2005 - 14:18 ET

RAB Special Situations L.P./Goldex Resources
Corporation-Announcement

LONDON, UNITED KINGDOM--(CCNMatthews - April 29, 2005) - RAB Special
Situations L.P. ("Special Situations") announces that it subscribed for
a total of 4,500,000 units (the "Units") of Goldex Resources Corporation
(TSX VENTURE:GDX) (the "Company") at a price of Cdn. $0.20 per Unit (the
"Private Placement"). Each Unit consists of one common share in the
capital of the Company (a "Share") and one (1) Share purchase warrant (a
"Warrant") of the Company. Each whole Warrant entitles Special
Situations to acquire one additional Share of the Company (a "Warrant
Share") at a price of Cdn.$0.30 per Warrant Share for a period of two
(2) years from the date of issue. The transaction took place off the
market by way of private placement and closed on April 19, 2005.

Special Situations has ownership of and control over the securities they
purchased in the Private Placement. The purchased securities represent
approximately 31.90% of the issued and outstanding Shares on a partially
diluted basis (assuming exercise of the Warrants) ("Partially Diluted
Basis").

Immediately after the Private Placement, Special Situations owned
4,500,000 Shares and 4,500,000 Warrants, representing approximately
31.90% of the issued and outstanding Shares on a Partially Diluted Basis.

Special Situations purchased securities for investment purposes only and
not with the purpose of influencing the control or direction of the
Company. Special Situations together with joint actors, if any, may,
subject to market conditions, make additional investments in or
dispositions of securities of the Company in the future, including
additional purchases of Shares. However, Special Situations together
with joint actors, if any, does not intend to acquire 20% or more of any
class of the outstanding voting or equity securities of the Company.

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Contact Information

  • FOR FURTHER INFORMATION PLEASE CONTACT:
    RAB Special Situations L.P.
    Mr. Neil Warrender
    (44) 20-7389-7000
    nw@rabcap.com
    The TSX Venture Exchange has not reviewed and does not accept
    responsibility for the adequacy or accuracy of this release.