GXM

Geodex Minerals Ltd. (TSX VENTURE:GXM)(FRANKFURT:G2W) ("Geodex") announces that
it is seeking shareholder approval for a proposed consolidation of its issued
share capital on the basis of one (1) new common share without par value for up
to ten (10) existing common shares without par value, or such lower ratio as the
board of directors may determine. Geodex currently has 110,370,349 common shares
issued and outstanding. If Geodex effects the maximum authorized ratio of ten
(10) existing common shares without par value for one (1) new common share
without par value, a total of approximately 11,037,035 common shares would be
issued and outstanding following the consolidation, assuming no other change in
the issued share capital. Geodex will not be implementing a name change.


Management of Geodex believes that a share capital consolidation is essential to
Geodex's future capital raising efforts and long term viability. Geodex will be
seeking shareholder approval of its proposed consolidation of common shares at
its annual general and special meeting being held on September 4, 2012.


The completion of the proposed share consolidation is subject to TSX Venture
Exchange and shareholder approvals.


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. A drill program is planned in
2012 on the Dungarvon Project to follow up promising 2011 drill results. Geodex
has operated for nine years 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

Forward Looking Statement

Certain information regarding Geodex 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 Geodex 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. Geodex cautions that actual
performance will be affected by a number of factors, many of which are beyond
Geodex's control, and that future events and results may vary substantially from
what Geodex currently foresees.

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