Gold-Silver Project In Sonora, Mexico Update

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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

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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

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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

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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.

 

Goldex Resources Corporation

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VANCOUVER, BC: Goldex Resources Corporation (the “Company”) announces that the Board of Directors voted on January 19, 2016 to consolidate the shares capital of the company on the basis of ten (10) common shares for one (1) new share of the company.  The Company currently has 15,270,339 common shares outstanding and will have 1,5270,339 common shares outstanding after consolidation.  The Board of Directors anticipate the consolidation will further assist the company to obtain additional financing. The effective date of the consolidation will be February 8, 2016

The consolidation is subject to acceptance of filing with the TSX Venture Exchange.

ON BEHALF OF THE BOARD OF DIRECTORS
Charles Ross
Director

GOLDEX RESOURCES CORPORATION
Suite 2110 – 1177 W. Hastings Street
Vancouver, BC, Canada V6E 2K3
Tel: 604.669-4300
Fax: 604.909-4682

 

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

Goldex Resources Appoints New Director

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VANCOUVER, BC – Goldex Resources Corporation (TSX VENTURE: GDX) (“Goldex” or the “Company”) is pleased to announce the appointment of Raymond Strafehl to its Board of Directors.

Raymond Strafehl possesses a deep understanding of the natural resources investment sector including its many risks and opportunities. Mr. Strafehl has in excess of thirty four years in the investment industry.

On Behalf of the Board of Directors

Charles Ross

GOLDEX RESOURCES CORPORATION

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.

News Release

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VANCOUVER, BC – Goldex Resources Corporation (TSX VENTURE: GDX) (“Goldex” or the “Company”)
As a result of a review by the British Columbia Securities Commission we are issuing the following news release to clarify our disclosure.

1. On the Company’s website under the Properties Tab for the section El Pato Guatemala, the Company disclosed a historical estimate that was non-compliant with the requirements of 43-101 because the Company had not provided information regarding the source of the estimate, the key assumptions, parameters and methods used to prepare the historical estimate, the Company’s assessment of the reliability of the estimate and a statement that the Company is not treating the historical estimate as a current mineral reserve. The Company has added the following footnote, to bring the disclosure into compliance.

2. (1) The historical estimate was prepared by the United Nations in the late 2680’s and early 2690’s based on diamond drilling of 5,833 meters in 65 holes prior to implementation of NI 43-101 resource definitions. The Company has been unable to review the key assumptions, parameters, and methods used to prepare the historical estimate to determine its relevance and reliability. Additional drilling must be completed to verify the historical estimate as a current mineral resource. The Company’s qualified person has not done sufficient work to classify the historical estimate as current mineral resource. The Company is not treating this historical estimate as a current mineral resource.

3. On the Company’s website under the Properties Tab for the section El Pato Guatemala, under the header El Pato Highlights, the Company removed the second bullet which disclosed an exploration target which was non-compliant because it was not presented as a range of tonnes and grades. Investors are cautioned not to rely on the exploration target.

4. a) On the Company’s website under the Properties Tab in the section El Pato, Guatemala, the table of exploration results, with the link http://goldex.ca/wp-content/uploads/2011/04/Cerrito-Samples-table-DS.png, the Company disclosed exploration information which was non-compliant because it did not provide information regarding location and sample type, a summary of analytical values and information regarding testing procedures and quality control measures. The Company has added the following disclosure, and provided a hyperlink to the relevant new release to bring the disclosure into compliance.

Cerrito Samples
For details of location and sample type, summary of analytical values and quality assurance program refer to the company’s news release dated May 18, 2011.

3. b) On the company’s website under the Properties Tab in the section El Pato, Guatemala, the table of exploration results, with the link http://goldex.ca/wp-content/uploads/2011/04/El-Pato-Hole-10-Drill-Grades.png, the Company disclosed exploration information which was non-compliant because it did not provide information regarding location and sample type, a summary of analytical values, information regarding testing procedures and quality control measures. The Company has added the following disclosure, and provided a hyperlink to the relevant new release to bring the disclosure into compliance.

El Pato Hole 10
For details of location and sample type, summary of analytical values, details of drill holes and quality assurance program refer to the company’s news release dated August 17, 2011.

3. c) On page 1 of the Company’s management discussion and analysis (MD&A) for the three month period ended March 31, 2014 and the MD&A for the year ended December 31, 2013 the Company disclosed exploration information which was non-compliant because it did not provide information regarding location and sample type, a summary of analytical values, information regarding testing procedures and quality control measures. In future MD&As the Company will provide a reference to the relevant new releases to bring the disclosure into compliance.

4. On the Company’s website under the Properties Tab for the section El Pato Guatemala, under the header El Pato Highlights the Company provided information regarding a production decision that did not provide a cautionary disclosure regarding the risks related to the production decision. The Company has added the following cautionary disclosure regarding risks.

The company is contemplating a production decision in the absence of mineral resources and mining studies as defined in the rules of technical disclosure. Investors are cautioned that engaging in production in the absence of mineral resources and mining studies is subject to increased risk.

5. The Mineralization Zones, map located under the Properties Tab in the section El Pato, Guatemala, (http://goldex.ca/wp-content/uploads/2011/04/Mineralization-Zones.jpg did not provide a cautionary statement that results on adjacent properties are not indicative of potential results on El Pato. The Company has added the following cautionary statement to the map.

Investors should be cautioned that results on adjacent properties are not indicative of potential results on El Pato.

The technical information in this news release has been reviewed and approved by Larry Kornze P. Geo., a qualified person consistent with NI 43-101.

Charles Ross, Director and President,
GOLDEX RESOURCES CORPORATION

About Goldex Resources Corp
Goldex is a junior resources company exploring for gold in the Americas. Goldex is listed on the Toronto Venture Exchange (TSX VENTURE: GDX).
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.

Goldex announces shares consolidation

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VANCOUVER, BC: Goldex Resources Corporation (the “Company”) announces that the Board of Directors voted on February 13, 2014 to consolidate the shares capital of the company on the basis of ten (10) common shares for one (1) new share of the company.  The Company currently has 133,911,429 common shares outstanding and will have 13,391,143 common shares outstanding after consolidation effective March 3, 2014.  The Board of Directors anticipate the consolidation will further assist the company to obtain additional financing.

The consolidation is subject to acceptance of filing with the TSX Venture Exchange.

ON BEHALF OF THE BOARD OF DIRECTORS

Charles Ross
Director

GOLDEX RESOURCES CORPORATION
Suite 2110 – 1177 W. Hastings Street
Vancouver, BC, Canada V6E 2K3
Tel: 604.669-4300
Fax: 604.909-4682

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

 

Goldex announces loan agreement

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VANCOUVER, BC – Goldex Resources Corporation (TSX VENTURE: GDX) (“Goldex” or the “Company”) has entered into a loan agreement (the “Loan Agreement”) with JER Enterprises Ltd. (the “Lender”).

The Loan Agreement provides for maximum credit of CDN $500,000.00 and bears interest at 8% per annum.  The Lender shall also receive from the Company bonus shares (the “Bonus Shares”) representing 20% of the aggregate sum of the Loan upon approval of the TSX Venture Exchange.

The sole shareholder of the Lender is James Ravannack, CEO of Goldex Resources Corporation. Proceeds of the Loan will be used to replace certain promissory notes issued by the Company to Mr. James Ravannack and to provide working capital.

The Company intends to repay the loan by means of future private placement financings.

Goldex is a junior resources company exploring for gold in the Americas. Goldex is listed on the TSX Venture Exchange (TSX VENTURE: GDX).

 

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 expecting to acquire El Pato exploitation licence in due course.

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Monday, April-29-13

Goldex expecting to acquire El Pato exploitation licence in due course.

VANCOUVER, BC – Goldex Resources Corporation (TSX VENTURE: GDX) (“Goldex” or the “Company”) today is pleased to announce that following Tahoe Resources Inc (TSX: THO, NYSE: TAHO) being awarded an exploitation licence from Guatemala’s Ministry of Energy & Mines for their Escobal Project (see Tahoe news released April 3rd, 2013), this may be an indicator that those other operators in Guatemala, including Goldex, who are in good standing with the government may have their respective licences  granted in due course.

In December of 2011 Goldex was granted the Environmental Impact Assessment (E.I.A.) portion of the exploitation 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 encourage the timely processing of its exploitation licence.

The 100% owned El Pato Concession covers four contiguous leases totalling 244 km2.  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 exploitation licence.

Proceeds from exploitation are expected to be used to further exploration on El Pato’s four principal zones as well as exploration on El Pato’s Northern zones that have shown multiple surface samples of up to 410 g/t of gold (see press release, April 4th, 2012).

“I hope that we can expect resolution on our exploitation licence application in the near future. The news that Tahoe Resources have completed their application successfully gives hope to Goldex and other operators in Guatemala who are eager to move forward with their projects. Goldex is fully committed and supportive of partnering 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 both 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.