5/22/2009 (BAYSTREET NEWSWIRE)

May 22, 2009 - Geodex Minerals Ltd's (TSX.V – GXM, Frankfurt G2W) board of directors has granted 600,000 incentive stock options to officers and employees, exercisable for up to five years at a price of 0.17 cents per share. The options were granted pursuant to the Geodex Minerals stock option plan and are subject to any applicable regulatory hold periods.

On Behalf of the Board of Directors

GEODEX MINERALS LTD.

‘Mark Fields

Mark Fields,

President

For further information contact:

Christopher R. Anderson, V.P Business Development

(604) 689-7771, Toll free 1-888-999-3500, Email: info@geodexminerals.com

Visit our website at www.geodexminerals.com

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