PROCESS ENGINEERS ENGAGED

April 17, 2018

VANCOUVER, BC – Goldex Resources Corporation (TSX VENTURE: GDX, Frankfurt: WKN-A2AEDT, Ticker: G6T2) (“Goldex” or the “Company”) has engaged the services of Dr. Corby Anderson, Professor at the Colorado School of Mines, through Allihies Engineering Incorporated, in collaboration with Montana Tech’s Center for Advanced Mineral, Metallurgical and Materials Processing, and Continental Metallurgical to undertake mineralogical and metallurgical evaluation, separation, recovery and processing analysis of samples taken from the Korokoro property.

Samples of the gold bearing laterite and saprolite ores from several known ore zones on the mine property, at a range of locations and depths have been sent to Allihies Engineering Incorporated in Butte Montana where metallurgical and process analysis is being coordinated with Dr. Corby Anderson. Dr. Anderson will be working with Montana Tech in the use of their Mineral Liberation Analyzer (MLA), which is the only commercially available unit in the Western Hemisphere. The MLA brings together ultra-fast high resolution elemental distribution analysis and liberation analysis, allowing large geological samples to be easily analyzed down to the micron scale.

This will provide Goldex with the elemental and particle based composition of the ore, and define where the gold is in what complexes, % that is liberated or is an inclusion in other particles, and what their composition is, so that the best path to extraction and recovery can be determined, and scaling to production levels at the mine site can be engineered.

Dr. Corby Anderson (QP – Qualified Person, CEng, FltWHM, FL ChemE. Dr. Corby Anderson is a professor in the Department of Metallurgical and Materials Engineering at the Colorado School of Mines as the Harrison Western Professor of Metallurgical and Materials Engineering. Dr. Anderson teaches and conducts research as a member of the Kroll Institute for Extractive Metallurgy. He is an expert in the fields of extractive metallurgy, mineral processing, waste minimization and recycling. Dr. Anderson has an extensive background in industrially oriented research and was responsible for the development and success of the Center for Advanced Mineral and Metallurgical Processing at Montana Tech. Dr. Anderson received the premier award sponsored by Tanaka Kikinzoku Kogyo KK of Japan and presented by the IPMI. This award recognizes important career contributions to the advancement of the precious metals industry, be it technological, commercial, economic or management. Dr. Anderson is a professionally registered engineer with nearly 36 years of experience in process, chemical and metallurgical engineering, engineering service, engineering design, teaching, research, professional service, consulting, management and industrial plant operations.

Goldex chose Dr. Anderson because of his proven expertise in maximizing recoveries efficiencies. The Company is looking forward to receiving the results from the metallurgical work and assay tests.

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

REGIONAL GEOLOGICAL MAP

MALI GOLD PROJECT

Regional geology and location of Korokoro and major deposits

HALT TRADE LIFTED AND APPOINTMENT OF CFO

16 April 2018

VANCOUVER, BC – Goldex Resources Corporation (TSX VENTURE: GDX, Frankfurt: WKN-A2AEDT, Ticker: G6T2) (“Goldex” or the “Company”) is pleased to announce that the B.C. Securities Commission Halt Trade Order expired effective April 13, 2018. The Company is in discussions with the TSX Venture Exchange relative to its requirements for reinstatement of trading on the Exchange.

The Company is pleased to announce the appointment of Kiki Smith as Chief Financial Officer. Ms. Smith has over 20-year experience working with private and public companies in the roles of Accountant, Corporate Controller and CFO in mining, oil and gas, real estate, high technology, food production and investment fund management. She holds a Certified Professional Accountant designation from the Certified Professional Accountants Association of British Columbia.

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

Corporate Update

April 2, 2018

VANCOUVER, BC – Goldex Resources Corporation (TSX VENTURE: GDX, Frankfurt: WKN-A2AEDT, Ticker: G6T2) (“Goldex” or the “Company”)

The BCSC issued a Halt Trade Order (HTO) on March 20, 2018 to halt trading in the Company’s shares until April 10, 2018. The HTO states that circumstances exist or may occur that could result in other than an orderly trading of the Company’s shares.

Company Management is not aware of who or what is behind the recent significant fluctuations in the trading price of the Company’s shares.

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

KOROKORO GOLD PROJECT MALI, AFRICA

March 19, 2018

VANCOUVER, BC – Goldex Resources Corporation (TSX VENTURE: GDX, Frankfurt: WKN-A2AEDT, Ticker: G6T2) (“Goldex” or the “Company”)

In 2017, Goldex set out to identify a gold project in West Africa that would have the potential to create the foundation for a significant gold mining company There were certain criteria, such as the projects location and geology, that were crucial to our decision. Mali is the third largest gold producer in Africa and hosts several world class mines with greater then 4 million ounces of gold in resources and has a strong pro-mining culture. We also targeted assets with development plans and ideally environmental permits and mining licenses in place, as well as an in-country team. The Korokoro property joint venture agreement announced on February 26, 2018 met all these criteria.

Korokoro JV Partners

RexMetal, S.A.R.L. (“REX”) 10%. The Korokoro license was granted to REX by the Mali government. The President of REX, Mme. Djeneba Samake, is also the President of the Mali Woman’s Mining Association which has 536 active members.

Geo-Sys-Tech S.A.R.L. (“GEO”) 39% The key shareholders of GEO are a group of five experienced European geology, mining, ore processing, maintenance, logistics and security experts (92%) and two Malian citizens (8%) which have a deep insight, understanding of political situation and family relations in the Republic of Mali and in the local environment.

GEO has been the developer of the Korokoro project and their project manager, Dr. Uros Herlec, has a doctorate in geology and is a professional natural scientist registered with the professional organization, Slovenian Geological Society, and is a full member of the European Federation of Geologists. Dr. Herlec was for five years the President of the Slovenian Geological Society and for 3 years the Vice-President of the European Federation of Geologists. Dr. Herlec has a permanent lecturing position at the University of Ljubljana, Faculty for Natural Sciences and Engineering, Department of Geology. Dr. Herlec’s areas of research and consultancy have been ore-genetic studies, Economic Geology, Ore Mineralogy and Microscopy, Geochemistry, Ore Beneficiation Methodology, Karst Geology, Geoheritage. Dr. Herlec has directed the development plan of GEO along with his colleagues from the from the University of Ljubljana.

With exploration drilling having been completed to a 30-meter depth, GEO’s development plan for the Korokoro property calls for a simple conventional open pit mining and gravitational processing of heavy mineral ores with a mobile beneficiation plant to enable ecological and low-cost production. GEO’s exploration plan calls for additional deeper drilling.

GEO and REX have provided geological reports to the Company. REX reports indicate laterite covers most of the concession with a thickness of up to 6-10 meters. The reports provided to the Company indicates that exploration has consisted of geological mapping, geochemistry, geophysics and surveys by the Japan International Cooperation Agency and other companies. Exploration work included 647 meters of drilling in 315 drill holes and 439 geochemical samples. GEO’s reports provided to the Company indicate that exploration along the promising mineralized and altered contact between the granitic batholiths and Pre-Cambrian lithic sandstones may add significantly to the mineralization.

Ongoing – Project Development
• Data compilation
• Sampling and verification
• Metallurgical testing
• Feasibility work & processing options
• Mine planning
• Drilling plan for confirmation and to expand mineralization

Mr. Andrew Dacey, MSc, R. P. Geo, a Qualified Person as defined under NI 43-101 regulations, has reviewed the technical information that forms the basis for portions of this news release, and has approved the disclosure herein. Mr. Dacey is independent of the Company as he is not an officer or shareholder.

The Board of Directors are very pleased with this new JV and look forward to the development of the Company’s first property in West Africa.

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

REGIONAL GEOLOGICAL MAP


Regional geology and location of Korokoro and major deposits

James Ravannack has stepped down as the CEO and Chairman of the Company

Tuesday January 2, 2018

VANCOUVER, BC – Goldex Resources Corporation (TSX VENTURE: GDX) (“Goldex” or the “Company”) the Company wishes to announce that James Ravannack has stepped down as the CEO and Chairman of the Company to enable him to spend more time with his family and concentrate on his Company’s oil operations in the Gulf of Mexico. Mr. Ravannack will remain as an active director supporting both current and new developments of the Company. Mr. Ross will take the position of CEO. The Board of Directors wishes to thank James Ravannack for his many years of service and leadership to the Company as it continues to work closely with the Guatemala Ministry of Energy & Mines to get approval for a mining license.

As the new CEO, Charles Ross decided with the Directors and advisors, certain criteria that needed to be met for new properties. The project’s location and geology are crucial. The Company will target significant resources with near term production potential in a mining friendly jurisdiction. The projects will have development plans and ideally environmental permits and mining licenses in place as well as an in-country team that can be built on.

The Board of Directors approved Mr. Ross’s development plan. The Company will begin looking for projects that meet the above criteria in West Africa where some of Africa’s largest gold producers are situated.

CHUCK 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.

Goldex Confirms High Grade Gold Mineralization Up to 22 G/t at Layered Quartz Manto System in Sonora, Mexico

VANCOUVER, BC – Goldex Resources Corporation (TSX VENTURE: GDX; Frankfurt: WKN-A2AEDT, Ticker: G6T2) (“Goldex” or the “Company”) is pleased to report initial gold assay results for the samples taken from the Mingeo Property located in northeastern Sonora, Mexico.

Gold mineralization is confined to low angle quartz “mantos” (0.10 to 3.0m wide), which contain drag folds, evidence of shearing and are transected by steep faults associated with mineralized quartz veins A chip channel sample 0.93m wide returned 22.2 g/t gold. Where observed, the quartz mantos are generally oriented with a WNW-ENE strike and moderate dip to the north and are believed to be of orogenic origin.

The samples reported herein are concentrated at the highest priority target area referenced as manto 1, containing four historic adits. Although several other layered quartz mantos were observed outcropping on surface, initial field work was designed to confirm previously reported results which were focused on the manto 1 area. Upcoming work programs will cover the broader property encompassing additional mantos, crosscutting veins and disseminated type mineralization.

Outcropping quartz mantos were observed over a strike length of approximately 600 m on the property and sampling covered approximately 350 m in the manto 1 area. All 39 samples collected at the Manto 1 area yielded gold assays greater than 0.4 g/t gold (Au), with nineteen samples assaying greater than 3 g/t Au.  A footwall rock sample (995048) taken across 0.87m in sandstone returned 1.13 g/t gold.

All samples were submitted to ALS CHEMEX in Hermosillo, Mexico. The sampled quartz manto widths correspond to the true width of the manto where possible, however in several areas the footwall contact was not exposed making the true width of the manto inaccessible.

Highlights of the assay results are as follows:

Sample No.

Sample Type

Quartz Manto location

Manto width (m)

Gold g/t

995008

Chip Channel Underground Manto-1 Adit 4

1.10

6.86

995018

Chip Channel Underground Manto-1 Adit 3

0.43

5.15

995025

Chip Channel Underground Manto-1 Adit 2

0.75

7.1

995032

Chip Channel Surface outcrop Manto-1

0.62

10.05

995034

Chip Channel Surface outcrop Manto-1

0.60

5.11

995035

Chip Channel Underground Manto-1 Adit 1

0.55

4.61

995038

Chip Channel Underground Manto-1 Adit 1

0.81

4.64

995040

Chip Channel Underground Manto-1 Adit 1

0.30

16.7

995041

Chip Channel Underground Manto-1 Adit 1

0.70

7.36

995042

Chip Channel Underground Manto-1 Adit 1

0.93

22.2

995044

Chip Channel Underground Manto-1 Adit 1

0.80

12.25

995051

Chip Channel Underground Manto-1 Adit 1

1.80

8.15

995052

Chip Channel Underground Manto-1 Adit 1

1.05

18.9

995070

Chip Channel Surface outcrop Manto 1

1.03

4.46

* Additional assays are pending.

The above results are highly encouraging for additional field work at the Property. A quality assurance and quality control (QA/QC) program was in place during the field program.

Victor A. Jaramillo, M.Sc.A., P.Geo. and Q.P. supervised the recent field program and has read and approved the technical section of this news release.

CHUCK ROSS, President

GOLDEX RESOURCES CORPORATION

About Goldex Resources

Goldex Resources Corporation is a TSX-listed (GDX) junior resource company exploring for gold in the Americas. Led by experienced resource professionals and a world class geological team Goldex’s operations include prestigious, strategically focused projects in Guatemala and Mexico.

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.

Gold-Silver Project In Sonora, Mexico Update

Monday, June 12, 2017

VANCOUVER, BC – Goldex Resources Corporation (TSX VENTURE: GDX; Frankfurt: WKN-A2AEDT, Ticker: G6T2) (“Goldex” or the “Company”) is pleased to announce that from from May 15th to the 26th a short geological field program was completed at the Mingeo Property. Mineralization as observed in the four underground adits and surface outcrops is mainly confined to low angle quartz “mantos” (0.10 to 3.0m wide), which in places are strongly folded and/or displaced by quartz bearing faults. The quartz mantos strike ENE to WNW with an average dip of 20 degrees mostly to the north. Some mantos show shear movement along their hanging-wall contacts. The quartz mantos are believed to be of orogenic origin and lie within northern Sonora.

The principal minerals associated with the quartz mantos include disseminations and clusters of fine-grained to coarse-grained pyrite, minor chalcopyrite, sporadic stains of malachite and chalcanthite. Arsenical pyrite may be present as well. In a few areas were the quartz mantos have been brecciated (broken up), open space filling with euhedral crystals of quartz, smoky quartz, and crystals of an unknown green mineral have been observed (Adits 1, 2 and 3).

To date 9 mantos have been identified and sampled. A total of 80 samples were taken. Of these, 67 were of rock samples, and 13 were for quality control purposes. All samples were submitted to ALS CHEMEX in Hermosillo, Mexico. Assay results are still pending and will be made available as soon as they are received.

Victor A. Jaramillo, M.Sc.A., P.Geo. and Q.P. supervised the recent field program and has read and approved the technical section of this news release.

CHUCK ROSS, President

GOLDEX RESOURCES CORPORATION

About Goldex Resources

Goldex Resources Corporation is a TSX-listed (GDX) junior resource company exploring for gold in the Americas. Led by experienced resource professionals and a world class geological team Goldex’s operations include prestigious, strategically focused projects in Guatemala and Mexico.

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.

Goldex Signs LOI JV For Gold-Silver-Copper Project In Sonora, Mexico

Tuesday May 23, 2017

VANCOUVER, BC – Goldex Resources Corporation (TSX VENTURE: GDX; Frankfurt: WKN-A2AEDT, Ticker: G6T2) (“Goldex” or the “Company”) is pleased to announce it has entered into a Letter of Intent (LOI) with Mingeo International S.A. De C.V. (the “Vendor”) for an option to acquire a fifty-one per cent (51%) interest in the Mingeo Property (the “Property”) by spending US$500,000 by April 30, 2020 and another US$500,000 by April 30, 2022 or by bringing the property into production and fulfilling certain LOI obligations. The Property consists of six concessions totaling approximately 1947 hectares and is located within the major porphyry belt of Sonora.

Mingeo Project Highlights

The deposit lies within the carbonate rocks of the Mural or Morita Formation Cretaceous siltstones and Paleozoic carbonate sedimentary rocks of the Sonoran Bisbee-Cananea rift basin.
One of the main mineralized structures consists of a low angle dipping quartz epithermal vein/manto with approximately 15° to 20° dip to the NE and a thickness that ranges from 0.50 to approximately 3 metres. Mineralization has been observed to comprise medium grained disseminated pyrite, arsenopyrite, minor chalcopyrite and rare galena. Gangue minerals include quartz, calcite, and barite.  Gold and silver values are believed to be associated with arsenopyrite, chalcopyrite and pyrite.

At this time two quartz vein/manto structures have been identified above and more below the main mineralized structure, but these other structures are yet to be explored in more detail.   Several of these structures have been observed to continue along strike between 500 to approximately 1000 meters and show small old workings in the form of pits or adits. The vein/mantos are hosted within altered shales that in places may be highly fractured and/or may exhibit quartz stockwork veinlets and occasionally may have stains of copper carbonates.

Preliminary Metallurgical testing of seven samples of the quartz vein/manto material was carried out in 2013 by Kappes, Cassiday and Associates (KCA, Reno, NV) and their report indicated yields up to 96% gold recovery and 69% silver recovery using cyanide shake tests. Gravimetric tests were not carried out on the samples submitted at that time.

Information relating to the Mingeo Project provided within this news release is based upon reports from the concession owner, Kappes Cassiday and Associates and numerous reports on the area available through internet sources. These reports are not NI43-101 documents. During Goldex’s due diligence period, the Company has retained a Qualified Person (QP), as defined under NI43-101, to visit and evaluate the property and take samples from the quartz vein/manto and other structures, also to verify the information within this news release. If the information gathered during the due diligence period results in a positive evaluation; it will ultimately be used to prepare a NI43-101 technical report.

Victor A. Jaramillo, M. Sc. (A), P. Geo., a Qualified Person under National Instrument 43-101, and independent from the Company has prepared, supervised the preparation of, or approved the technical content of this press release. Mr. Jaramillo has more than 25 years of experience in exploration and evaluation of precious metal and copper deposits. He has authored numerous NI 43-101 technical and assessment reports and is highly experienced in QA/QC protocols.

CHUCK ROSS, President

GOLDEX RESOURCES CORPORATION

About Goldex Resources

Goldex Resources Corporation is a TSX-listed (GDX) junior resource company exploring for gold in the Americas. Led by experienced resource professionals and a world class geological team Goldex’s operations include prestigious, strategically focused projects in Guatemala and Mexico.

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.

Goldex High Grade Exploration in Guatemala

Friday May 19, 2017

VANCOUVER, BC – Goldex Resources Corporation (TSX VENTURE: GDX) (“Goldex” or the “Company”) today is pleased to announce that the Company’s geologist has identified multiple additional exciting exploration opportunities within the Company’s concessions and identified regional exploration prospects.

While continuing to work closely with the Guatemala Ministry of Energy & Mines to get approval for a mining license the Company plans to do additional exploration work on El Pato’s Northern zones that have shown multiple surface samples of up to 410 g/t of gold.  The four Northern zone areas sampled El Poxte, El Jabillo, Plan de Guineo and El Pital lie roughly 1-2 km north and north east of the principal zones of El Pato within a similar geological environment, namely granodiorite host rock with epithermal banded quartz veins that contain pyrite and arsenopyrite. Veins are 0.15m to 1.5m in true thickness and trend northwest to north-northwest with low dip angles (20-35 degrees) to the northeast. Surface samples were taken by Alejandro Cacao, Goldex’s senior Guatemalan geologist and Steven Park, a qualified person as defined by National Instrument 43-101. (see press release, April 4th, 2012).

The samples taken show the presence of very high grade gold numbers as well as significant silver grades.  Out of the 58 samples taken, eight reported grades higher than 100 g/t Au with the highest value at 410 g/t Au. The sheer number of high grade samples suggests an exciting region for further exploratio

 

Sample # Thickness Length Au g/t Ag g/t Sampled by
Plan de Guineo/El Pital* Sector
15243 1.00 NA 0.036 <0.1 SP
15244 0.80 0.80 0.862 2.7 SP
15245 0.50 0.50 0.876 4.2 SP
15246 0.80 1.00 35.154 41.7 SP
15247 1.50 NA 0.012 <0.1 SP
15248 0.30 0.50 2.795 11.2 SP
15249 0.20 0.20 4.408 48.2 SP
39765 0.30 0.30 2.537 3.5 AC
39766 1.00 1.00 1.406 16.5 AC
39767 0.50 0.50 302.119 >200.0 AC
100070 1.50 1.50 12.000 100.5 AC
100071F NA NA 240.475 >200.0 AC
100072 0.80 0.80 110.809 166.2 AC
100073 0.40 0.40 17.76 47.2 AC
100074 0.25 0.25 342.919 >200.0 AC
100075 1.00 1.00 34.662 103.3 AC
123756 NA NA 60.342 >200.0 AC
123757 0.50 0.50 4.834 12.1 AC
123758 NA NA 0.857 <0.1 AC
123760 0.50 0.50 0.960 0.4 AC
123762 0.30 0.30 185.550 >200.0 AC
123763 0.40 0.40 410.529 >200.0 AC
123778 1.00 1.00 0.446 4.0 AC
123780F NA NA 0.960 6.3 AC
123784F NA NA 0.069 <0.1 AC
123785F NA NA 8.743 27.2 AC
123786 0.25 0.25 0.411 <0.1 AC
123787 0.40 0.40 0.480 <0.1 AC
123788F NA NA 3.429 7.5 AC
123789F NA NA 0.137 0.2 AC

 

Sample # Thickness Length Au g/t Ag g/t Sampled by
El Poxte Sector
15088 0.50 1.0 35.278 16.3 SP
15089 1.20 0.7 1.098 <0.1 SP
39577 0.15 0.15 171.219 184.8 AC
39578 0.30 0.30 0.137 0.6 AC
39579 1.75 1.00 39.359 11.4 AC
39580 1.50 1.00 129.186 97.5 AC
39581 4.00 1.00 39.222 15.4 AC
39582 4.00 1.00 4.320 4.0 AC
39583 2.00 1.00 0.034 0.2 AC
39803 0.30 0.30 290.840 92.5 AC
39804 0.20 0.20 93.187 23.9 AC
El Jabillo Sector
15087 0.15 1.0 50.035 18.4 SP
15091 1.50 0.6 0.249 0.5 SP
15250 0.40 NA 1.184 0.7 SP
39238 0.50 0.50 68.913 28.9 AC
39239 0.40 0.40 31.679 14.7 AC
39240 0.30 0.30 0.891 1.0 AC
39241 0.50 0.50 11.005 8.6 AC
39439 NA 1.00 10.217 9.9 AC
39440 NA 1.00 0.754 2.3 AC
39441 NA 1.00 2.194 2.1 AC
39447 NA 1.00 9.806 5.4 AC
39449 NA 1.00 0.617 0.8 AC
39450 0.50 0.50 0.480 1.5 AC
39451 NA 1.00 46.970 42.8 AC
39452 NA 1.00 2.606 5.1 AC
39453 NA 1.00 0.891 1.9 AC

 

All samples were submitted to Inspectorate labs in Guatemala for preparation and then sent to Reno, an ISO certified lab for assay. Samples were assayed by utilizing 30-gram fire assays with a gravimetric finish for gold and four acid digestion with atomic absorption finish for Silver. Grab samples are selective and may not be representative of mineralization on the property.  The 58 samples taken include both float and outcrop rock chips of which six samples showed no significant results and are not listed. Float samples are denoted by a sample number ending with ‘F’. Assays marked with an SP denotes Steve Park sampling while those marked with an AC denotes Mr. Cacao’s. *Mr. Park did not sample in the El Pital area. (see press release, April 4th, 2012).

In addition to the potential of the Northern zones, Goldex also has multiple targets with strongly anomalous gold and/or base metals at the surface. One of those targets, Bendicion-Granadillas borders El Pato to the south and is larger in terms of size of its alteration system than the El Pato zone. To date this zone has produced surface samples containing grades up to 6855 ppm copper, 7055 ppm lead and 5298 ppm zinc from limited surface outcrop sampling.  Comparable orogenic deposits in terms of origin, geochemistry of gold mineralization and geometry are the Molejon deposit in Panama (1 M oz), the El Sastre deposit in Guatemala (0.8 M oz.) and the Pogo deposit in Alaska (5.8 M oz.). (see press release, March 5, 2010)

CHUCK ROSS, President
GOLDEX RESOURCES CORPORATION

About Goldex Resources

Goldex Resources Corporation is a TSX-listed (GDX) junior resource company exploring for gold in the Americas. Led by experienced resource professionals and a world class geological team Goldex’s operations include prestigious, strategically focused projects in Guatemala.

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.

Goldex Update on Guatemala

Monday May 15, 2017

VANCOUVER, BC – Goldex Resources Corporation (TSX VENTURE: GDX) (“Goldex” or the “Company”) today is pleased to announce with the recent announcement that effect February 2016 the new Guatemala government announced they would not longer operate under a moratorium for granting mining licenses.  On January 11, 2017 Gold Corp (TSX: G, NSYE: GG) announced the sale of its Cerro Blanco gold – silver project in Guatemala to Bluestone Resources Inc. (“Bluestone”) (TSXV: BSR).  On February 28, 2017 Bluestone announcement, an increase its financing from $40 to $80 million which they closed on April 20, 2017.  These events indicate increased market confidence in Guatemala mining projects and improved prospects for granting of the Company’s mining license.

Goldex’s 100% owned El Pato Concession covers contiguous leases totalling 244 km2 in Guatemala.  The Company conducted bulk sampling from the Cerrito West zone and produced an average grade of 28g/t Au from surface (see press release, November 29th, 2011). In addition, the surface “dip slope” area in the Cerrito West zone contains an average grade of at least 7 g/t Au. It is these high-grade surface mineralisation zones that the Company intends to exploit first on being granted an mining licence.  Sampling north of El Pato’s principal zones have shown multiple surface samples of up to 410 g/t of gold (see press release, April 4th, 2012).

In December of 2011 Goldex was granted the Environmental Impact Assessment (E.I.A.) portion of the mining licence by the Guatemalan Ministry of Environment and Natural Resources (MARN). Immediately following the E.I.A. approval in December of 2011 the Company posted its reclamation bonds for the property.  Since then, Goldex has maintained close contact with the Guatemala Ministry of Energy & Mines to facilitate processing of the license.

“The news of the Bluestone acquisition of the Cerro Blanco gold-silver project from Gold Corp and its $80 million financing is great news for mining projects in Guatemala.  Goldex is fully committed and is working with the government and the people of Guatemala for the mutual benefit of all involved.”

CHUCK ROSS, President
GOLDEX RESOURCES CORPORATION

 

About Goldex Resources

Goldex Resources Corporation is a TSX-listed (GDX) junior resource company exploring for gold in the Americas. Led by experienced resource professionals and a world class geological team Goldex’s operations include prestigious, strategically focused projects in Guatemala.

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.