Geodex Minerals Ltd.
TSX VENTURE : GXM
FRANKFURT : G2W
PINK SHEETS : GXMLF

Geodex Minerals Ltd.

May 06, 2009 10:22 ET

Geodex Minerals Ltd. Appoints Mark Fields as New President and CEO

VANCOUVER, BRITISH COLUMBIA--(Marketwire - May 6, 2009) - Geodex Minerals Ltd. (the 'Company') (TSX VENTURE:GXM)(PINK SHEETS:GXMLF)(FRANKFURT:G2W) is pleased to announce that Mark Fields, P. Geo, B. Comm. has been appointed President and CEO of Geodex Minerals as of the above date. He replaces Jack Maris who has announced his retirement but will stay in the interim as Chairman of the company. The Board would like to commend Jack Maris for his dedication to the company since its inception and his leadership role in developing the company's programs in New Brunswick.

Mark holds a B.Sc. in Geology from the University of British Columbia and a B. Comm. (Honours) from Queen's University. He is a member of the Association of Professional Engineers and Geoscientists of British Columbia and the Canadian Institute of Mining and Metallurgy. He is an independent director of three companies listed on the TSX Venture Exchange.

Mark was a member of the management team which participated in the sale of La Teko Resources Ltd. to Kinross Gold Corporation and he was involved in the acquisition and development of the Diavik diamond mine for the Rio Tinto Group. As Executive Vice President of Pine Valley Mining Corporation, he was a key member of the executive team which brought the Willow Creek coal mine into commercial production. We welcome Mark with his extensive background in minerals and overseas marketing to the leadership of Geodex Minerals.

As Mark himself states, "The current economic climate has created challenges and opportunities in the resource sector. I am looking forward to working with the Geodex team to move the Sisson Brook tungsten-molybdenum deposit aggressively towards production. It has the potential to be a real company-builder."

About Geodex Minerals

Geodex Minerals Ltd. is a Canadian-based resource company with a focus on the exploration and development of important properties in New Brunswick. The company's flagship property is the Sisson Brook tungsten and molybdenum deposit north of Fredericton which is currently moving to a Pre-Feasibility development stage. The deposit is large by world standards and will benefit from an open pit mining plan, convenient infrastructure and the security of an excellent location in New Brunswick.

The company is also exploring numerous properties in the Sisson Brook vicinity and south of Fredericton around the former Mount Pleasant mine. In the latter area, the company has many prospects at various stages of development with tin, indium and zinc, in addition to tungsten and molybdenum.

Jack Marr, M.Sc., P.Geo, is the in-house QP for these projects.

Forward Looking Statement

Certain information regarding the Company contained in this press release may constitute forward looking statements within the meaning of applicable securities laws. Forward-looking statements may include estimates, plans, opinions, forecasts, projections or other statements that are not statements of fact. Although the Company believes that expectations reflected in such forward-looking statements are reasonable, it can give no assurance that such expectations will prove to have been correct. The Company cautions that actual performance will be affected by a number of factors, many of which are beyond the Company's control, and that future events and results may vary substantially from what the Company currently foresees.

ON BEHALF OF THE BOARD OF DIRECTORS GEODEX MINERALS LTD.

Jack M. Marr, M.Sc., P.Geo., VP Exploration, Director

The TSX Venture exchange has not reviewed the contents of this news release and accepts no responsibility for the adequacy or the accuracy thereof.

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