First Hole in new East Flank Zone at Sisson Brook returns 0.305% Mo and 0.080% WO3 over an Intersection of 85.5 m



    Trading Symbol : GXM

    VANCOUVER, Oct. 30 /CNW Telbec/ - Geodex Minerals Ltd. (TSX-V: GXM) ('the
Company') is pleased to report high-grade assay results from the first hole
(SB-07-53) in the newly-discovered East Flank zone at Sisson Brook. This new
zone was located during the 2007 drill program and lies at the eastern margin
of Zone III which was the subject of resource estimates released in news
releases of March 28, 2007 and October 17, 2007. Because of its relatively
recent identification, the East Flank is not included in these resource
estimates and will not be part of the Sisson Brook Scoping Study which will be
published shortly. It testifies to the large size of the Sisson Brook
mineralized system which continues to grow.
    Results from hole SB-07-53, a -55 degree inclined, westerly directed hole
set up on line 6+00S (0+25E) are as follows:

    
    -------------------------------------------------------------------------
    SB-07-53       From           To   Intersection          WO3          Mo
                     (m)          (m)            (m)          (%)         (%)
    -------------------------------------------------------------------------

    -------------------------------------------------------------------------
                   16.7        268.0          251.3        0.073       0.120
    -------------------------------------------------------------------------
    including
    -------------------------------------------------------------------------
                  128.5        214.0           85.5        0.080       0.305
    -------------------------------------------------------------------------

    -------------------------------------------------------------------------
    

    While tungsten assays (WO3) are consistent and in the range of the
resource estimates, the molybdenum results are significantly higher and at
least an order of magnitude higher over the 85.5 m intersection in the central
part of the hole. SB-07-53 is the first in a series of eleven holes to test
this zone over a strike length of 450 m from line 2+50S to line 7+00S. It is
believed to be open to the south and has been drilled to a vertical depth of
220 m in this program. At the north end (line 4+00S), it appears to merge with
the northern part of Zone III. In effect it extends the overall width of
Zone III to the range of nearly 500 m in this area. Further assay results will
be released when they become available.
    In regard to other progress on the property, two drills are presently
operating. One is engaged in scout drilling, metallurgical drilling and in
completion of a 500 m deep hole on the east side of Zone III which will test
the system at depth and again intersect the East Flank zone. This drill will
be moved south at month-end to the projects surrounding the former Mount
Pleasant mine where one drill is presently active. The second drill is
continuing to drill fences of holes in Zone III between the fences drilled
last year to enable upgrade of the resource to 'Measured and Indicated'.
Fourteen holes remain in this program which will last until mid-December. Up
to the third week in October, over 18,000 metres of drilling had been
completed on the Sisson Brook property.
    Results of a Scoping Study (Preliminary Economic Assessment) on Zone III
will be released in early November. This will be based on the block model
discussed in the News Release of October 17, 2007. As such, it is based mainly
on 2006 drilling and does not include assay results from 75% of the 2007
drilling program which were not available when that block model was created.
These will be added when the drilling program is complete and all assays have
been received.

    Jack Marr, M.Sc., P.Geo., is the in-house QP for this project.

    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. Maris'

    Jack M. Maris,
    President

    The TSX Venture Exchange has not reviewed and does not accept
    responsibility for the accuracy or adequacy of this release.




For further information:

For further information: Christopher R. Anderson, V.P Business
Development, (604) 689-7771, Toll free 1-888-999-3500,
info@geodexminerals.com, www.geodexminerals.com; Renmark Financial
Communications Inc.: Neil Murray-Lyon, nmurraylyon@renmarkfinancial.com;
Christine Stewart, cstewart@renmarkfinancial.com; (514) 939-3989, Fax: (514)
939-3717, www.renmarkfinancial.com

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GEODEX MINERALS LTD.

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