News Release
September 10, 2008. Trading Symbol : GXM
Geodex corrects and removes technical material from its website at the
request of the British Columbia Securities Commission.
As a result of a review by the British Columbia Securities Commission, (the �BCSC�)
Geodex ( the �Company�) is issuing the following News Release to clarify its disclosure.
The BCSC raised the following points related to technical disclosure on the Company�s
website and these will be responded to in the same order.
The BCSC are concerned that the June 5, 2008 news release highlights the lowest cut-off
grade and therefore the highest tonnage estimate in the Company�s latest independent
resource model for Sisson Brook. The BCSC felt that this was misleading. Geodex
routinely receives from its independent consultants (Mercator Geological Services) four
tungsten-equivalent grade thresholds in these resource models and these are reported as
such. They are not economic cut-offs. The company may have erred in highlighting the
highest tonnage/lowest grade option in the heading of the News Release.
The BCSC considers misleading a report on the website of �in situ� value per share of
WO3 and comparison to other companies. The Company acknowledges that this
comparison does not disclose all the complex factors involved in such a comparison and
it has been removed from the website.
The BCSC considers that discussion on the website of the 2007 Scoping Study by
Wardrop Engineering does not provide the context and cautionary language required by
section s.2.3 (3) of NI 43-101. The Company will amend this language and make it clear
that this initial analysis cannot be relied upon by investors for economic viability. Such
can only be based on a comprehensive feasibility study which the company is working
towards.
The BCSC is concerned that the website includes reports by newsletter writers which
make interpretations and draw conclusions which are oversimplified and contrary in
several respects to NI 43-101. The Company does not wish to mislead investors and this
material will be removed from the website.
Suite 450 800 West Pender Street, Vancouver, BC,Canada,V6C-2V6
Tel:604-689-7771, FX:604-689-5528 Toll Free:888-999-3500
E-Mail: Info@Geodexminerals.com Website: 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.
On Behalf of the Board of Directors
GEODEX MINERALS LTD.
�Jack M. Maris�
Jack M. Maris,
President
.