MARKET UPDATE

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February 28, 2018

VANCOUVER, BC – Goldex Resources Corporation (TSX VENTURE: GDX, Frankfurt: WKN-A2AEDT, Ticker: G6T2) (“Goldex” or the “Company”) it has been brought to the Company’s attention that BaFin (Federal Financial Supervisory Authority in Germany) has issued a notice dated February 28, 2018 about the Company (the “Notice”). A link to the Notice is https://www.bafin.de/dok/10544464.   The Notice states that buy recommendations are currently being issued for the Company’s shares which contain false or misleading information and/or existing conflicts of interest are wrongfully concealed.  BaFin has initiated an investigation into the suspected market manipulation of the shares.  Prior to it being brought to the Company’s attention it was not aware of the Notice and not aware of the email market letters referred to in the Notice. The Company is also not aware of who issued the market letters.

CHARLES ROSS, President
GOLDEX RESOURCES CORPORATION

For more information please visit: www.goldex.ca

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

Forward-Looking Statements

Statements in this news release that are forward-looking statements are subject to various risks and uncertainties as disclosed herein and elsewhere in the Company’s periodic filings with Canadian securities regulators. When used in this news release, words such as “will”, “plan”, “estimate”, “expect”, “intend”, “potential”, “should”, and similar expressions, are forward-looking statements. Forward-looking statements include, without limitation, statements regarding future oriented events and other statements that are not historical facts. Forward-looking statements are based on a number of assumptions and estimates that, while considered reasonable by management based on the business and markets in which the Company operates, are inherently subject to significant operational, economic and competitive uncertainties and contingencies. Such forward-looking statements should therefore be construed in light of such factors. There can be factors that cause actual results, performance or achievements to be materially different from those anticipated, estimated or intended in the forward-looking statements over and above those identified herein. There can be no assurance that management’s expectations or estimates of future developments, circumstances or results will materialize. Accordingly, readers should not place undue reliance on forward-looking statements. The forward-looking statements in this news release are made as of the date of this news release, and Company disclaims any intention or obligation to update or revise such information, except as required by applicable law, and the Company does not assume any liability for disclosure relating to any other entity herein.

Suite 2300- 1177 West Hastings Street Vancouver British Columbia Canada V6E 2K3
Telephone: (604) 699-4300 Facsimile: (604) 909-4682
www.goldex.ca

Goldex Signs Joint Venture Agreement on Mali Gold Project

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February 26, 2018

VANCOUVER, BC – Goldex Resources Corporation (TSX VENTURE: GDX, Frankfurt: WKN-A2AEDT, Ticker: G6T2) (“Goldex” or the “Company”) is pleased to announce that it has signed a joint venture agreement (“JV”) to explore and develop a gold license area consisting of 143 square kilometers in Mali Africa (the “Korokoro”).  Signatories to the JV are Geo-Sys-Tech S.A.R.L. (“GEO”) and RexMetal S.A.R.L. (“REX”).  GEO has the right to acquire a 90% interest in the license for 750,000 Euro of which 350,000 Euro’s has been paid.  GEO has established an exploration program over the Korokoro license area and has obtained a small-scale mining license under which it can produce up to 15 kilograms of gold per month.  Under the terms of the small-scale mining license GEO has set-up and is operating a pilot plant currently able to process ten (10) tonnes of ore per hour.  Under the terms of the JV GEO and REX will transfer their interests to a new company to be incorporated. Goldex will become the operator with a 51% interest in the joint venture and the license.  Under the terms of the JV Goldex will complete a 43-101 report and pay to REX 400,000 Euro at the rate of 33,000 Euro per month (the “Purchase Price”).  It is the intention of the joint venture to further develop the property and apply for a large-scale mining license.

The Korokoro property is accessed by road and is located 54 kilometers from the Morila mine (Randgold) which has produced over 7 million ounces of gold.  Other mines further west are the Syama mine (11. 5 M oz. – Resolute Mining) and the Tongon mine (7.5 M oz. – Randgold).  To the west is the Siguiri mine (7m oz. – AngloGold – Ashanti), and to the northwest are the Loulo mine (12 M oz. – Randgold) and the Sadilola mine (13.5 M oz. – Iamgold).

The Board of Directors are very pleased with this new JV and look forward the development of the Company’s first property in Mali Africa’s third biggest gold producer.

 

CHARLES ROSS, President
GOLDEX RESOURCES CORPORATION

For more information please visit:  www.goldex.ca

 Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

Forward-Looking Statements

The forward-looking statements contained herein are expressly qualified in their entirety by this cautionary statement. The forward-looking statements included in this document are made as of the date of this document and the Company disclaims any intention or obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise, except as expressly required by applicable securities legislation. Although Management believes that the expectations represented in such forward-looking statements are reasonable, there can be no assurance that such expectations will prove to be correct. This news release does not constitute an offer to sell or solicitation of an offer to buy any of the securities described herein.

Suite 2300- 1177 West Hastings Street
Vancouver British Columbia
Canada V6E 2K3

Telephone: (604) 699-4300
Facsimile: (604) 909-4682
www.goldex.ca

REGIONAL GEOLOGICAL MAP

MALI GOLD PROJECT