Geodex reports drill results from the northern tungsten-copper zones (Zones I and II) on the Sisson Brook property, New Brunswick



    Trading Symbol : GXM
    Frankfurt : G2W

    VANCOUVER, Feb. 13 /CNW Telbec/ - Geodex Minerals Ltd. (TSXV - GXM) ('the
Company') is pleased to report completed results from the northern
tungsten-copper zones on the Sisson Brook property in New Brunswick.
    Geodex has focussed its attention to date on the large
tungsten-molybdenum resource in Zone III which saw the bulk (16,000 m) of 2007
drilling on the property and was the subject of a Scoping Study (Preliminary
Economic Assessment) completed by Wardrop Engineering in November 2007. A new
resource estimate, incorporating all of the 2007 drilling, will be ready by
April this year and will form the basis for a pre-feasibility study to be
completed by Wardrop in September 2008. Geodex anticipates that the new
resource estimate will up-grade most of the Zone III resources to the
'measured and indicated' category.
    However, two northern zones (Zones I and II) were also discovered and
drilled by Texasgulf Minerals in 1979 and 1980. These were reported to have a
non - 43-101 compliant resource in copper and tungsten at that time. Both are
elongate, parallel deposits, lying north of Zone III, apparently contiguous
with it and extending over a strike length of 800 m. At the present time, the
thin cover of glacial till obscures their exact relationship to Zone III. It
is also not clear why their trend is more west of north or why they contain
much more copper, although weaker in molybdenum.
    Geodex completed 3151 m of drilling (15 holes) in 2007 on these northern
zones, drilling the central 400 m length on 50 m sections. This new footage is
complemented by one 2006 hole (SB-06-30) and previous Texasgulf holes on 100 m
sections for 100 m to the south of this central section and for 300 m to the
north. In conjunction with the new block model and resource estimate for Zone
III due in April 2008, a first resource estimate will be prepared also for the
northern Zones I and II. The pre-feasibility report will determine their
contribution to the overall project development.

    Results are tabulated in Table 1 below.

    
    Table 1. Assay Results from Zones I and II, Sisson Brook Project.
    -------

    ---------------------------------------------------------------------
      Hole       Grid      Incl.  Azm.   Hole    From     To    Interval
      ----     Location    -----  ----  Length   ----     --    --------
               --------                 ------    (m)     (m)     (m)
                                          (m)
    ---------------------------------------------------------------------
    SB-07-09  0+50S 1+30E   -55    270    307    63.50  162.00   98.50
    ---------------------------------------------------------------------
    SB-07-12  0+50S 1+94E   -55    273    246   181.50  229.50   48.00
    ---------------------------------------------------------------------
    SB-07-15  0+50S 0+70E   -55    272    245    11.00  212.00  201.00
    ---------------------------------------------------------------------
                                                includes
    ---------------------------------------------------------------------
                                                 11.00   75.50   64.50
    ---------------------------------------------------------------------
    SB-07-18  1+00S 0+52E   -55    272    260     8.00   43.00   35.00
    ---------------------------------------------------------------------
                                                  and
    ---------------------------------------------------------------------
                                                138.50  251.00  112.50
    ---------------------------------------------------------------------
    SB-07-20  1+50S 1+50E   -55    272    290    15.00  156.00  141.00
    ---------------------------------------------------------------------
    SB-07-23  1+50S 0+60E   -55    271    164    38.00  144.50  106.50
    ---------------------------------------------------------------------
    SB-07-25  2+00S 1+02E   -55     97     83    36.50   80.00   43.50
    ---------------------------------------------------------------------
    SB-07-27  2+00S 1+02E   -55    272    254    48.50   60.50   12.00
    ---------------------------------------------------------------------
                                                  and
    ---------------------------------------------------------------------
                                                173.00  221.00   48.00
    ---------------------------------------------------------------------
    SB-07-30  2+00S 0+22E   -55    273    221   173.00  215.00   42.00
    ---------------------------------------------------------------------
    SB-07-31  0+50N 1+82E   -55    272    287   229.50  264.00   34.50
    ---------------------------------------------------------------------
    SB-07-34  0+50N 1+22E   -45    272    199    95.00  164.50   69.50
    ---------------------------------------------------------------------
                                                includes
    ---------------------------------------------------------------------
                                                106.00  119.50   13.50
    ---------------------------------------------------------------------
    SB-07-36  0+50N 0+22W   -55    272    161   102.50  125.00   22.50
    ---------------------------------------------------------------------
    SB-07-37  1+00N 0+28E   -55    272    224   160.00  208.00   48.00
    ---------------------------------------------------------------------
    SB-07-39  1+00N 0+28E   -55     92     98    38.00   69.50   31.50
    ---------------------------------------------------------------------
    SB-07-41  1+00N 0+30W   -55    285    112    39.50   84.50   45.00
    ---------------------------------------------------------------------

    ---------------------------------------------------------------------
    SB-06-30  1+10S 1+40E   -45    277    255    19.50  103.50   84.00
    ---------------------------------------------------------------------
    (Note: SB-06-30 was drilled in 2006 and
    the results announced in a News Release
    dated February 13, 2007)                    includes
    ---------------------------------------------------------------------
                                                 24.00   34.50   10.50
    ---------------------------------------------------------------------

    ---------------------------------------------------------------------
      Hole                                       % WO3    % Mo    % Cu
      ----                                       -----    ----    ----



    ---------------------------------------------------------------------
    SB-07-09                                     0.095   0.005   0.232
    ---------------------------------------------------------------------
    SB-07-12                                     0.177   0.006   0.436
    ---------------------------------------------------------------------
    SB-07-15                                     0.060           0.077
    ---------------------------------------------------------------------

    ---------------------------------------------------------------------
                                                 0.105           0.140
    ---------------------------------------------------------------------
    SB-07-18                                     0.093   0.007   0.051
    ---------------------------------------------------------------------

    ---------------------------------------------------------------------
                                                 0.061   0.005   0.114
    ---------------------------------------------------------------------
    SB-07-20                                     0.074   0.008   0.061
    ---------------------------------------------------------------------
    SB-07-23                                     0.054   0.006   0.048
    ---------------------------------------------------------------------
    SB-07-25                                     0.081   0.005   0.038
    ---------------------------------------------------------------------
    SB-07-27                                     0.055          0.065
    ---------------------------------------------------------------------

    ---------------------------------------------------------------------
                                                 0.033   0.015   0.035
    ---------------------------------------------------------------------
    SB-07-30                                     0.181   0.013
    ---------------------------------------------------------------------
    SB-07-31                                     0.058           0.115
    ---------------------------------------------------------------------
    SB-07-34                                     0.144           0.236
    ---------------------------------------------------------------------

    ---------------------------------------------------------------------
                                                 0.430           0.500
    ---------------------------------------------------------------------
    SB-07-36                                     0.062           0.070
    ---------------------------------------------------------------------
    SB-07-37                                     0.105   0.005   0.078
    ---------------------------------------------------------------------
    SB-07-39                                     0.182   0.011   0.143
    ---------------------------------------------------------------------
    SB-07-41                                     0.105           0.184
    ---------------------------------------------------------------------

    ---------------------------------------------------------------------
    SB-06-30                                     0.100   0.003   0.102
    ---------------------------------------------------------------------
    (Note: SB-06-30 was drilled in 2006 and
    the results announced in a News Release
    dated February 13, 2007)
    ---------------------------------------------------------------------
                                                 0.428   0.005   0.251
    ---------------------------------------------------------------------
    

    Drilling has now ended on the Sisson Brook property, following three
holes put in east of the East Flank zone and carrying out the first drilling
(2 holes)on the high-grade Goodwin tungsten skarn which was found late in 2006
(News Release July 19, 2007). It lies three kilometres to the north of Zone
III. Several regional targets will see preliminary testing before the drill is
stood down in mid-February for maintenance. Drilling is planned to resume in
early April, initially with three rigs.
    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; Visit our website at www.geodexminerals.com; Renmark
Financial Communications Inc.: Neil Murray-Lyon,
nmurraylyon@renmarkfinancial.com; Christine Stewart,
cstewart@renmarkfinancial.com; Media: Vanessa Napoli,
vnapoli@renmarkfinancial.com, (514) 939-3989, Fax: (514) 939-3717,
www.renmarkfinancial.com

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