Goldex Resources Discovers New Mineralization and Applies for New Exploration Concession in Guatemala

Friday March 5^th, 2010 – Exploration Update News Release

President Charles Ross reports:

Goldex Resources Corporation has applied for a new exploration concession adjacent to El Pato, it’s near surface orogenic gold property in Guatemala.

The new area is named Bendicion-Granadillas and was discovered recently by Goldex.  Hydrothermal alteration and mineralization measures at least fifty meters in thickness locally and can be traced over an east-west strike length of 5 km.

Goldex has a gold resource in the Agua Zarca-Cerrito Oeste-Cerrito-El Roque region which is known as the El Pato zone. This resource could grow significantly with the drilling recommended by Company geologists. That potential resource might double again if it can be shown to extend along strike as far as El Sauce where high-grade gold mineralization occurs at the surface.

In addition to the potential of the El Pato zone, 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), all of which are currently in production.

Goldex Resources Corporation is a junior exploration company exploring for gold in the Americas.  Goldex’s strategically-focused operations highlight prestigious properties, a world-class geology team and a global investment following.

Larry Kornze, Goldex director and a Registered Professional Engineer, is designated as the Qualified Person under National Instrument 43-101 and has reviewed and approved the contents of this news release.

Neither TSX Venture Exchange nor its Regulatory 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.