Geodex Completes Drilling at Dungarvon Project, Assay Results Expected in July

Geodex Minerals Ltd. (TSX VENTURE:GXM)(FRANKFURT:G2W) (the "Company" or
"Geodex") is pleased to announce that, further to its May 27, 2013 news release,
it has completed the drill program at the Dungarvon tungsten-molybdenum-tin
project in New Brunswick. Six holes were completed on the Peaked Mountain
tungsten-molybdenum target for a total of 837 metres and 3 holes were completed
on the South Dungarvon tin target for a total of 276 metres. 


Samples are currently being processed and sent to Activation Laboratories. The
assay results of all drill holes are expected to be available through July once
analyses have been received and subjected to quality assurance/quality control
review.


Geodex was pleased to receive notification it is receiving a grant of $40,000
from the New Brunswick Department of Energy and Mines towards the cost of the
Dungarvon drill program. The grant is through the Junior Mining Assistance
Program. The provincial government support for exploration and mining is one of
the reasons New Brunswick consistently ranks as one of the most favourable
mining jurisdictions world-wide as per the annual Fraser Institute rankings.
Geodex appreciates the support from the New Brunswick government, which has
contributed towards Geodex's capacity to conduct continued exploration work this
year during difficult market conditions.


Geodex's disclosure of a technical or scientific nature in this press release
has been reviewed and approved by David Martin, P. Geol., Geodex's Vice
President New Brunswick Operations, who acts as the qualified person under the
definition of National Instrument 43-101.


About Geodex

Geodex is a mineral resource company focused on New Brunswick, Canada. Geodex
has continued to actively develop its exploration portfolio focused on the
discovery of critical metals in New Brunswick. Its current main focus is the
Dungarvon Tungsten-Molybdenum-Tin Project. Geodex has operated for a decade in
New Brunswick where it has had a number of discovery and development successes
including Sisson and Mount Pleasant West.


ON BEHALF OF THE BOARD OF DIRECTORS

GEODEX MINERALS LTD.

Mark Fields, President & CEO

Visit our website at www.geodexminerals.com.

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. 


FOR FURTHER INFORMATION PLEASE CONTACT: 
Geodex Minerals Ltd.
Investor Relations:
(604) 689-7771, Toll free 1-888-999-3500
www.geodexminerals.com

Geodex Minerals Ltd. (TSXV:GXM)
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