Goldex Resources Gains Permit Approval for Drill Program at El Arco, Mexico.

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VANCOUVER, BC – Goldex Resources Corporation (TSX VENTURE:GDX) (“Goldex” or the “Company”) today reported receipt of permit approval for a 15,000m, 50 hole drill program consisting of both Core and RC drilling.

 

Management issued a press release in July of 2011 announcing a phase one 4000m RC drill program at EL Arco as permits were initially thought to be in hand. After a company led review of the process the company discovered that an environmental permit would be required from the relevant governmental agency, SEMARNAT. The application was filed in September and after a site visit by SEMARNAT on the 22nd of October and the subsequent processing period authorities in Mexico granted the requisite permits which pave the way to a commencement of drill operations at EL Arco.

 

In the meantime company management has been in constant contact with prospective drill companies with the intention of signing a contract as soon as permit approval was granted. As such a drill contract and the subsequent commencement of activities at EL Arco are expected to be announced shortly.

 

“We can now look forward to the commencement of our planned drill program. We intend to push forward with our exploration of El Arco and uncover the value of this exciting target”, stated Goldex President Chuck Ross.

 

The EL Arco property is located in the Mexican State of Durango which is host to a number of illustrious neighbors and mines including Great Panther Silver, with its ‘Topia’ Property and Fresnillo PLC’s ‘La Cienega’ mine, previously one of the largest producing gold mines in Mexico. Goldex VP of exploration, Larry Kornze, formally the regional manager of Mexico and Central America for Barrick Gold has called EL Arco “The best undrilled property in the America’s” and was part of the geology team responsible for the planning of the upcoming drill program.

 

CHARLES ROSS, President

GOLDEX RESOURCES CORPORATION

 

About Goldex Resources Corp

 

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

 

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.

 

 

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 Private Placement

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VANCOUVER, BC – Goldex Resources Corporation (TSX VENTURE:GDX) (“Goldex” or the “Company”) is pleased to announce that it intends to complete a non-brokered private placement (the “Private Placement”) of up to 30,000,000 units at a price of $0.05 cents per unit to raise gross proceeds of up to $1,500,000. Each unit consists of one common share and one common share purchase warrant. Each whole share purchase warrant will be exercisable into one additional common share for a period of 12 months at a price of $0.10 per share. The private placement is subject to the acceptance of the TSX Venture Exchange.

 

The proceeds of the private placement will be used for the continuing development of Goldex’s El Pato, La Chorrera and El Arco properties located in both Guatemala and Mexico and for general working capital.

 

Charles ROSS, President

GOLDEX RESOURCES CORPORATION

About Goldex Resources Corp

 

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.

Goldex Drills 15 g/t Au over 4.5m at El Pato

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Wednesday, September 07, 2011
NEWS RELEASE
GOLDEX DRILLS 15G/T AU OVER 4.5M AT EL PATO
VANCOUVER, BC – Goldex Resources Corporation (TSX VENTURE:GDX) (“Goldex” or the “Company”) today announced further high grade gold assays from the summer 2011 drill program at El Pato. The results were in keeping with previous assays released in August 2011. The final five holes reinforced the mineralization model at El Pato with significant grades reported across the board.
Highlights include 1.5m intervals of 26 g/t Au and 14 g/t Au in hole 16 which contains an average grade of 15 g/t Au over 4.5m.
These results mark the completion of the summer 2011 Drill Program and provide valuable data to better ascertain further drill targets. Bulk Sampling is currently under way as part of an overall plan that includes detailed surveying with a total station GPS and mapping, the confirmation of results in historic trenches as well as new drill targets over reduced spacing to bring results into compliance with NI 43-101. This plan will also provide the geological teams with a better understanding of the nature of the deposit at El Pato including the direction and length of the veins.
Chuck Ross, President of Goldex commented that: “Once again these results are very encouraging as all five holes showed significant mineralization. These continue a trend of better than expected results at El Pato that include the trench grades on the dip slope (see news May 18th) and the thirty metres of high grade intercepts (see news August 17th) that we now suspect may be a continuation of the vein from the dip slope into a new, previously unforeseen area. With continued drilling, ongoing geological work and the results from these drill holes we hope to prove up the figures we have on the property and potentially increase the overall resource significantly.”
Update El Arco: Goldex representatives are currently pursuing permit approval for a planned 4000m RC drill program in the state of Durango, Mexico. Approval is expected in at the end of September with the intention of having drills turning in early October.
The table below highlights sample grades over 1 g/t Au in all five holes.

id sample Hole From To Interval Au g/t
15065 GDXP-015 91.44 92.96 1.52 2.48
15066 GDXP-015 92.96 94.48 1.52 2.34
15047 GDXP-015 27.43 28.95 1.52 1.94
15064 GDXP-015 89.91 91.44 1.53 1.55
15060 GDXP-015 48.76 50.29 1.53 1.48
15014 GDXP-016 83.82 85.34 1.52 26.30
15015 GDXP-016 85.34 86.86 1.52 14.51
15013 GDXP-016 82.29 83.82 1.53 5.65
15001 GDXP-018 101.77 103.73 1.96 6.29
15002 GDXP-018 103.73 105.81 2.08 5.43
14999 GDXP-018 100.58 101.77 1.19 2.66
14998 GDXP-018 99.06 100.58 1.52 1.11
14990 GDXP-021 30.48 32.00 1.52 5.65
14973 GDXP-021 22.86 24.38 1.52 1.20
15077 GDXP-022 111.58 112.77 1.19 13.49
15078 GDXP-022 112.77 113.94 1.17 10.95
15074 GDXP-022 108.20 109.72 1.52 3.10
15072 GDXP-022 106.68 108.20 1.52 2.58
15076 GDXP-022 109.72 111.58 1.86 2.17
15069 GDXP-022 102.10 103.63 1.53 2.13
15070 GDXP-022 103.63 105.15 1.52 1.05
Results were collected from gold by fire assay with an AA finish performed by Inspectorate Labs located in Reno, Nevada. Samples were shipped from Inspectorate Labs in Guatemala City after being transported there from the El Pato site by the Goldex geological team.
True width has not been determined.
Of a total of eighty two samples taken: twenty one contained values over 1 g/t, seven contained values above 0.5 g/t, twenty seven contained values between 0.5 and 0.1 g/t Au while the remaining samples contained < 0.1 g/t Au.
This news release has been reviewed by Larry Kornze, a qualified person consistent with NI 43-101.
Charles E. Ross, Director and President
GOLDEX RESOURCES CORPORATION
About Goldex Resources Corp
Goldex is a junior resources company exploring for gold in the Americas. A twelve hole drill program has recently been completed on the flagship El Pato property, bulk Sampling and trenching are now underway. Goldex is in application for an Exploitation Licence at El Pato with a view to putting the principle areas of high grade surface mineralization on the property into production. Goldex also has rights to the El Arco project in Mexico which will shortly be host to a 4000m RC drill program (see news release dated July 20th, 2011) and the La Chorrera property, also in Guatemala. Goldex is listed on the Toronto Venture Exchange (TSX VENTURE:GDX).
For more information please visit: www.goldex.ca
CHF Investor Relations
Anne Robert, Account Manager
1-514-510-6338
For regular updates please email stephanie@chfir.com using Goldex News in the title box.
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 Drills 5g/t over 30m at El Pato.

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VANCOUVER, BC – Goldex Resources Corporation (TSX VENTURE:GDX) (“Goldex” or the “Company”) today announced preliminary assay results from the first seven of twelve diamond drill holes on its flagship El Pato property in Guatemala.

The first seven holes point to expected high grade mineralization in the principal zones of El Pato with holes in the high grade El Cerrito and El Cerrito West areas showing some exciting grades and intervals.

Goldex expects the next set of assay results for the remaining five holes of the project to be available within the next few weeks.

GDXP Hole-10 showed a 30.48m intersection averaging 5.04 g/t Au that includes a 9.15m section averaging 12.38 g/t Au.

The recently completed diamond drill program of twelve exploratory holes goes hand in hand with the bulk sampling taking place at El Pato. The Cerrito West zone at El Pato has consistently showed high levels of near surface mineralization with average bulk sample grade of 28.64 g/t Au (see News Release dated May 18th 2011).

The drill program recently completed was designed to prove up average grades as indicated by the UN and Guatemalan government drill programs in the late 1980’s and 90’s as well as to map and explore the extent of the veins and structures present. GDXP Hole 10 of this program, as shown above, contains the typically expected mineralization present at El Pato while other holes allow for more precise mapping of the vein structures.

It is the intent of Goldex management to proceed with additional bulk sampling in the principal sectors in an attempt to further show the nature of the available mineralization at El Pato which includes high grade surface zones as well as an epithermal ‘pinch and swell’ of deeper veins.

“The holes in the high grade zones returned results in line with what we expected to find under the surface at El Pato. I believe that the remaining holes will strengthen this picture of high grade mineralization and compliment the bulk sampling we shall be doing on the principal zones at El Pato.” stated Charles Ross, President of Goldex.

Highlights of the first seven holes are shown below:

Sample ID Hole Interval (m) From To AU g/t
14931 GDXP-010 1.53 97.53 99.06 1.19
14932 GDXP-010 1.52 99.06 100.58 2.56
14934 GDXP-010 1.52 100.58 102.10 1.81
14935 GDXP-010 1.53 102.10 103.63 6.60
14936 GDXP-010 1.52 103.63 105.15 5.26
14937 GDXP-010 1.53 105.15 106.68 6.82
14939 GDXP-010 1.32 106.68 108.00 6.35
14940 GDXP-010 1.72 108.00 109.72 33.81
14941 GDXP-010 1.12 109.72 110.84 11.25
14943 GDXP-010 0.41 110.84 111.25 13.60
14946 GDXP-010 1.52 114.30 115.82 8.93
14948 GDXP-010 1.52 115.82 117.34 3.79
14949 GDXP-010 1.53 117.34 118.87 2.24
14951 GDXP-010 1.53 120.39 121.92 1.43
14954 GDXP-010 1.52 123.44 124.96 2.22
14956 GDXP-010 1.52 126.49 128.01 1.06
14893 GDXP-014 1.28 143.5 144.78 1.15
14897 GDXP-014 1.53 147.82 149.35 2.01
14904 GDXP-014 1.87 155.1 156.97 1.17
14873 GDXP-012 0.3 168.46 168.76 3.94
14821 GDXP-009 0.6 115.22 115.82 3.22
14832 GDXP-009 1.52 141.73 143.25 1.00
14812 GDXP-008 1.52 80.77 82.29 2.28

Results were collected from gold by fire assay with an AA finish performed by Inspectorate Labs located in Reno, Nevada. Samples were shipped from Inspectorate Labs in Guatemala City after being transported there from the El Pato site by the Goldex geological team.

True width has not been determined.

GDX Exploratory holes 02 and 17 did not show significant results.

Of a total 134 samples taken in all seven holes, 24 showed results over 1 g/t with a highlight of 34 g/t, nine showed grades from 0.5 to 1 g/t, forty two with grades from 0.5 to 0.1 g/t Au while the remaining grades were <0.1 g/t Au.

This news release has been reviewed by Larry Kornze, a qualified person consistent with NI 43-101.

Charles E. Ross, Director and President

GOLDEX RESOURCES CORPORATION

About Goldex Resources Corp

Goldex is a junior resources company exploring for gold in the Americas. A 5000m drill program is currently underway on the company’s flagship El Pato property in Guatemala. Goldex also has rights to the El Arco project in Mexico and the La Chorrera property in Guatemala. Goldex is listed on the Toronto Venture Exchange (TSX VENTURE:GDX).

For more information please visit: www.goldex.ca

Goldex Resources Plans for a 4000m Drill Program

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VANCOUVER, BC – Goldex Resources Corporation (“Goldex” or the “Company”) announced today the final stages are near completion for an upcoming reverse circulation drill program on its El Arco property in Mexico.

VP of Exploration for Goldex, Larry Kornze, has called the El Arco property, “The best undrilled property in the Americas” and has recommended the 4,000 metre reverse circulation drill program to identify the quality and size of the many veins at El Arco. The company has employed the services of Bufete Mineros, a consultant for legal and environmental services to the mining industry in Mexico, to use their extensive expertise in the state of Durango to confirm and update all the relevant permits to allow for drilling.

“We expect the drill program at El Arco to commence mid-August and we have been ensuring all permits are in place as well as being in constant communication with potential drill contractors to make sure the drills start turning as soon as we are able. El Arco is a particularly exciting property for Goldex and a favourite of Larry Kornze, our VP of exploration.” stated Chuck Ross, President of Goldex.

About El Arco

El Arco is a low sulphidation epithermal system. The zone of most abundant quartz veining and mineralization is approximately 600 metres wide and 1,200 metres in strike length and contains numerous sub-parallel vein structures. Goldex mapped around 11 veins at surface in 2009. El Arco is located in the gold and silver trend of the resource rich Mexican state of Durango. Numerous mines and properties are located in Durango, notably the Endeavour Silver Guenacevi Mine which produced almost 3 million oz of silver in 2010 and Fresnillo PLC’s La Cienega Mine which until recently was the largest producing gold mine in Mexico. Other prestigious neighbours include two Great Panther Silver properties as well as the San Dimas Mine purchased by Primero from GoldCorp for US $500 million.

The El Arco mineralization model is very similar to its illustrious neighbour La Cienega in that it consists of mineralisation evident at the surface in the upper series Rhyolite. In the lower series Andesite, a more favourable host, the veins are expected to expand significantly from the surface dimensions. Another notable example of this type of geology is the ‘Midas’ or ‘Ken Snyder’ mine which is in production under Newmont in Nevada. Both of these huge mines display very similar geology to that which is observed at El Arco. The Midas mine boasted initial deposits of 3 million oz Au and 25 million oz Ag at bonanza grades of 23 g/t Au and 278 g/t Ag respectively.*

*These statements are purely for comparison purposes. There is no certainty that further exploration will lead to the discovery of this type of mineralization or that a substantial mineral deposit will be developed.

Update El Pato, Guatemala

The current drill program at El Pato has recently come to an end and as such drill results are pending. Progress is impeded due to the rainy season in Guatemala.

About Goldex

Goldex Resources Corporation is a junior exploration company exploring for gold in the Americas. Goldex’s operations highlight prestigious properties in Mexico and Guatemala, a world-class geological team, which boasts of 12 discoveries, and a global investment following. Shares of Goldex are listed for trading on the TSX Venture Exchange under the symbol “GDX”.

This news release has been reviewed and approved by Larry Kornze (P.Geo), a Qualified Person consistent with NI 43-101.

Charles E. Ross

Director and President

GOLDEX RESOURCES CORPORATION

Suite 2110 – 1177 West Hastings Street

Vancouver, BC, Canada V6E 2K3

Website: www.goldex.ca

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 Grants Stock Options

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NEWS RELEASE

Goldex Grants Stock Options

VANCOUVER, BC – Goldex Resources
Corporation (TSX VENTURE: GDX) (FRANKFURT:WKN 120488) (“Goldex” or the “Company”) has awarded 6,750,000 incentive stock options exercisable at $0.10 per common share to directors and consultants of the Company. This grant of options is in compliance with the terms of the Company’s Stock Option Plan and remains subject to the acceptance of the TSX Venture Exchange.

Five officers and directors were granted a total of 3,750,000 options; consultants were granted 3,000,000 options. This grant of options was awarded after the close on June 29, 2010 and has expiry dates of October 29, 2013 to October 26, 2016.

Goldex is a junior resources company exploring for gold in the Americas. A 5000m drill program is currently underway on the company’s flagship El Pato property in Guatemala. Goldex also has rights to the El Arco project in Mexico and the La Chorrera property in Guatemala. Goldex is listed on the Toronto Venture Exchange (TSX VENTURE: GDX) and the Frankfurt Exchange (Frankfurt: WKN 120488) and has 96,335,456 shares outstanding.

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 Appoints New Director

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GOLDEX RESOURCES APPOINTS NEW DIRECTOR

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

Marc Bamber is a senior natural resources hedge fund management specialist with
seven years’ experience at RAB Capital in the UK. He possesses a deep understanding of the natural resources investment sector including its many risks and opportunities. Mr. Bamber is results driven and has shown a proven ability to successfully negotiate the best deal.

Charles Ross, President of Goldex Resources Corp, commented “We are very pleased Mr. Bamber is joining the Board. His experience in the UK and Europe will be of great value to us as the company moves forward”.

Mr. Bamber has been granted a total of 500,000 common share stock options in connection with his appointment to the Board of Directors. The options are exercisable at $0.10 each and expire after five years. The agreement remains subject to TSX Venture Exchange approval.

CHUCK ROSS, President

GOLDEX RESOURCES CORPORATION

About Goldex Resources Corp

Goldex is a junior resources company exploring for gold in the Americas. A 5000m drill program is currently underway on the company’s flagship El Pato property in Guatemala. Goldex also has rights to the El Arco project in Mexico and the La Chorrera property in Guatemala. 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.

 

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 2110- 1177 West Hastings Street Vancouver British Columbia Canada
V6E 2K3

Telephone: (604) 699-4300 Facsimile: (604) 909-4682

www.goldex.ca

Goldex Resources Announces Trench Sample Assay Results from the El Sauce Sector of its El Pato Project in Guatemala.

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VANCOUVER, BC – Goldex Resources Corporation (TSX VENTURE:GDX) (“Goldex” or the “Company”) today announced sample trenching assay results from the El Sauce sector of its flagship El Pato property in Guatemala. Five trenches were sampled on the El Pato Project for Goldex during early May, 2011 as part of ongoing geological work at El Pato that compliments a 5000 meter drilling program currently underway.

One meter channel samples were taken from these trenches and were analyzed by Inspectorate America Corporation Laboratory, an ISO certified analytical laboratory.

The five trenches were designed to test two gold mineralized zones located along an east west trend in the western edge of the Company’s El Pato Project, Guatemala. The intent was to further pinpoint the areas of high mineralization near the surface and to ascertain the direction of strike. These trenches were grouped into two zones separated by approximately 350 metres.  Most of the trenches were hand dug to depths ranging from 1.5 m to 2.5 m in principally a highly weathered granodiorite host rock.  Each trench was located by averaging readings using a handheld gps.  Brunton and tape measurements were taken to create surface and cross section profiles.

A total of 58 one metre channel samples were taken along the bottom of the trenches.  Specifics of each trench are:

EAST ZONE WEST ZONE
Trench ID Trench Length (m) Trench ID Trench Length (m)
GDXA-01 16 GDXA-09 17
GDXA-01A 2 GDXA-12 12
GDXA-02 11
Total 58 meters

The trenches GSXA-09 and GDXA-12 located in the west zone seem to target areas of high mineralization. Highlights of the west zone sampling are as follows:

Trench ID Interval  (meters) Gold (g/t) Notes
GDXA-09 8 – 9 9.636 Siliceous + clay altered zone with limonite.
11 – 12 1.609 Strong sericite with granular quartz.
15 – 16 96.246 Contact with quartz vein and granodiorite;
Quartz vein with variable arsenopyrite.  Strong sericite.
16 – 17 47.627 White massive blocky quartz with golden brown stain.
GDXA-12 1 – 2 59.544 Weathered granodiorite with 15 cm arsenopyrite +
quartz + scorodite zone and strong limonite.
2 – 3 21.667 Sugary quartz vein with arsenopyrite in
granodiorite.
5 – 6 22.273 Granular quartz vein with sericite and clay.  Coarse grained arsenopyrite clots and one
arsenopyrite 10 cm vein.
10 – 11 1.69 Strong sericite and clay altered granodiorite with
pervasive limonite with one 10cm quartz vein.
11 – 12 1.491 Intense sericite altered granodiorite with one 5cm
quartz vein plus limonite seams.

Of the additional samples 9 contained <0.1g/t while the remainder contained between 0.1 to 5.2 g/t Au.

Trench GDXA-09 needs to be extended beyond the 16 to 17 metre sample to fully define the mineralized zone. Recommendations are to test additional areas by trenching and to dig future trenches deeper in order to better ascertain the strike and dip of the zones. When additional trenching and geological work has identified drill sites then recommendation is to drill those areas to ascertain true levels of mineralization at the El Sauce sector and to confirm whether the resource may be amenable to open pit mining.

“These results from the El Sauce trenches are very encouraging for Goldex. Present geological work is being undertaken to pinpoint the areas of high mineralization at the El Sauce zone which is located approximately 1km to the west of El Pato’s principal sectors. Our intention is to prove the continuation of mineralization along strike to El Sauce as this
may demonstrate a potentially significant increase to the total gold resource at El Pato”, stated Goldex president Chuck Ross. “We continue to be very excited by the ongoing geological work and drilling presently underway at El Pato”.

The El Pato project is located in south-eastern Guatemala, 5 kilometers west of the town of Chiquimula, the closest commercial centre to the project and approximately 110 kilometers east of Guatemala City. The project is accessible via paved road.

CHUCK ROSS, President

GOLDEX RESOURCES CORPORATION

Qualified Person:

Mr. Robert S. Friberg, is a qualified personwithin the meaning of National Instrument 43-101, and has reviewed the contents of this news release. Mr. Friberg is an independent consultant to the Company. Each sample bag was sealed immediately with a plastic cable to ensure sample security.  All samples were stored in the QP’s hotel room and then later sent to Guatemala City to Inspectorate in a rented car with driver.  The second sample set was personally handed over to the manager of Inspectorate Labs in Guatemala City.  One blank or standard sample was placed roughly after each nine samples to test the QA/QC of the samples.  All samples were analyzed using 30 gram fire assays with gravimetric finish for gold on results over 10 g/t.

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 Announces Sample Assay Results from the El Cerrito West Sector of Its El Pato Project in Guatemala

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VANCOUVER, BRITISH COLUMBIA–(Marketwire – May 18, 2011) – Goldex Resources Corporation (TSXV:GDX.V) (“Goldex” or the “Company”) today announced sample assay results from the El Cerrito West sector of its flagship El Pato property in Guatemala. A bulk sample was taken as part of ongoing geological work at El Pato that compliments a 5000 meter drilling program currently underway.

A single composite bulk sample was collected in the Cerrito West Sector where the 1.5 to 2-meter thick quartz vein is irregularly exposed along a dip slope. Approximately 110 kilograms of quartz vein material representing the typical El Pato style mineralization was collated from four points along a 30-meter strike length of the vein at spoil piles from pre-existing dozer cuts. The sample was loaded into 9 5-gallon buckets and delivered to the Inspectorate sample lab in Guatemala City. Inspectorate labs arranged for shipment of the sample to Kappes, Cassiday and Associates(i) (KCA) in Reno, Nevada where it was received for assay and additional metallurgical testing.

The table below shows the 18 separate gold and silver assays as determined by the KCA metallurgical lab under the supervision of Dan Kappes, the resident QP. The bulk sample was collected under the supervision of Goldex geologist Richard Bybee on the 8th April 2011.

KCA Sample No.             Bucket No.             Assay             Assay
-------------------------------------------------------------------------
                                                 g/t Au            g/t Ag
                                     ------------------------------------
48451 A 1                           1             25.44              18.6
48451 B 2                           2             22.59              18.0
48451 C 3                           3             19.41              15.0
48451 D 4                           4             27.50              23.6
48451 E 5                           5             28.77              20.4
48451 F 6                           6             51.60              29.4
48451 G 7                           7             14.74              13.2
48451 H 8                           8             32.61              23.8
48451 I 9                           9             33.09              28.2
48451 A 10                          1             25.10              19.4
48451 B 11                          2             21.81              17.6
48451 C 12                          3             20.07              14.9
48451 D 13                          4             27.29              24.8
48451 E 14                          5             29.08              20.8
48451 F 15                          6             50.74              31.2
48451 G 16                          7             18.07              13.6
48451 H 17                          8             33.53              25.2
48451 I 18                          9             34.18              27.4
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Average                                    28.64 g/t Au      21.39 g/t Ag
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The results were compiled utilizing 30 gram fire assays with a gravimetric finish for gold and four acid digestion with atomic absorption finish for Silver.

These results show average grades of 28.64 g/t Au and 21.39 g/t Ag.

The sample results listed in the tables above show significant levels of mineralization may be found in the area. The tests were conducted as part of a larger program to provide the basis for developing four areas for exploitation within the El Pato Project.

“These are very encouraging results in keeping with the general geology we are finding at El Pato and they bolster the exploration program currently underway” stated Goldex president Chuck Ross. “This ongoing sampling and trenching work goes hand in hand with our present 5000 meter drilling program”.

The El Pato project is located in south-eastern Guatemala, 5 kilometers west of the town of Chiquimula, the closest commercial centre to the project and approximately 110 kilometers east of Guatemala City. The project is accessible via paved road.

This news release has been reviewed and approved by Richard Bybee (P.Geo), a Qualified Person consistent with NI 43-101.

CHUCK ROSS, President

GOLDEX RESOURCES CORPORATION

For regular updates please email stephanie@chfir.com using Goldex News in the title box.

(i)Kappes, Cassiday & Associates (KCA) specializes in the development, engineering and implementation of extractive metallurgical processes for the mining industry. Since 1972, we have been known for our expertise in gold/silver heap leaching. Our staff of over 70 people includes more than 20 process engineers and 25 laboratory personnel who have a broad range of practical experience including copper leaching and recovery, flotation and gravity concentration, and development of complex hydrometallurgical flow sheets. http://www.kcareno.com/

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.

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.

Contacts

Suite 2110 – 1177 West Hastings Street Vancouver, BC, Canada
Goldex Resources Corporation
(604) 669-4300
(604) 681-5259 (FAX)
len@goldex.ca
www.goldex.ca

Anne Robert
CHF Investor Relations
Account Manager
514.510.6338
anne@chfir.com

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