Geodex reports initial assays from Zones I and II at the Sisson Brook property, New Brunswick and a general summary of progress

    Trading Symbol : GXM
    Frankfurt : G2W

    VANCOUVER, Sept. 5 /CNW Telbec/ - Geodex Minerals Ltd. (TSX-V: GXM)
Drilling on the Sisson Brook property last year focussed on Zone III, the
large central area of tungsten and molybdenum mineralization which formed the
basis of the independent Resource Estimate published in March 2007. However,
only one 2006 hole tested the two parallel, northern zones called Zone I and
Zone II which lie immediately north of Zone III and are characterized more by
tungsten and copper. This 2006 hole (SB-06- 30) returned an intersection of
84 m of 0.10% WO3, 0.102% Cu and 0.003% Mo.
    Zones I and II were given non-NI 43-101-compliant resource status by
previous operators which is no longer appropriate. They appear to connect
southwards into the eastern margin of Zone III which itself continues north on
their west side.
    Assays have now been received for the first three holes in the Zone I and
II area which were part of the 2007 program. They form a fence along line
0+50 S, only 50 m north of the intersection in hole SB-06-30 described above,
and therefore cut Zone I at three different elevations. Hole SB-07-15 also
transects Zone II which is separate from and on the west side of Zone I.

    Hole    Grid Incl'n Length  From     To   Int. Zone   WO3%    Mo%    Cu%
                            (m)   (m)    (m)   (m)
    SB-    0+50S,   -55    300  63.5  162.0  98.5     I  0.095  0.005  0.232
    07-09  1+30E
    SB-    0+50S,   -55    246  10.7   56.0  45.3     -  0.074      -      -
    07-12  1+94E
                           and 181.5  229.5  48.0     I  0.177  0.006  0.436

    SB-    0+50S,   -55    245  11.0   75.5  64.5     I  0.105      -  0.140
    07-15  0+70E
                           and 170.0  212.0  42.0    II  0.102  0.009  0.103


    As in the case of Zone III, the Zone I system appears to be a
steeply-dipping body and is therefore likely to persist to depth. Holes have
already been drilled to trace its extension to the north and south and these
will be reported when assays become available.
    Two drill rigs remain on the Sisson Brook property and a total of
13,332 m had been drilled by August 25th. One rig is moving south on Zone III,
systematically drilling the zone on intermediate lines. This will ultimately
provide definition on 50 m spaced fences along its length and take the
resource classification to 'Measured and Indicated'. Assay results from these
holes will be incorporated into the block model but will not be released
individually. The overall intent in 2007 is to increase grades significantly
within the same tonnage framework. Three deep holes are planned at the end of
the program to assess extensions of the mineralization to about the 400 m
depth level.
    The second rig is tracing extensions of Zone III to the north and east,
connecting them into the Zone I/II system. It will later drill off recent
discoveries on the property such as the high-grade Goodwin tungsten zone (News
Release July 19, 2007).
    The first stages of engineering work are now underway. Coordinated by
Wardrop Engineering, the program involves environmental testing (Rescan
Environmental Services), geotechnical work (Golder Associates) and
metallurgical testwork (SGS Mineral Services). The Scoping Study, planned for
completion in late September, is in progress at this time.
    Regarding its many prospects around the former Mount Pleasant mine in
southwestern New Brunswick (Mount Pleasant West Project), the company is
pleased to report that a five-hole 'scout' drilling program on the MacDougall
target, a 1.0 km long, zinc and indium-rich soil anomaly with closely related
silver-bearing mineralized float, has been completed. Results will be
announced when assays are received. The drill has now moved to the Foster lake
property, 30 km west of the former mine, to 'scout' test an anomalous belt of
high tungsten in soils confirming a northeasterly trend of mineralized float
and earlier regional till anomalies.
    The second drill will be moved south from Sisson Brook in early
September. It will continue testing the Pughole-Whopper zone, immediately
adjacent to the former mine, which was drilled last winter. Two recent
trenches are being assessed and a drill pattern established to continue
testing of this zinc and indium-bearing discovery, which has similarities to
the upper levels of the nearby Mount Pleasant mine.
    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

    'Jack M. Maris'
    Jack M. Maris,

    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,; Visit our website at; Renmark
Financial Communications Inc.: Neil Murray-Lyon:; Christine Stewart:, (514) 939-3989, Fax: (514) 939-3717,

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