Goldex Options Gold Property in Durango State, Mexico

March 1, 2007

Vancouver, March 01, 2007 – Goldex Resources Corporation (TSX-V: GDX, WKN:120880) (http://www.goldex.ca) is pleased to announce that it has entered into an option agreement with Mr. Artemio Terrazas, a Mexican National of Durango State, Mexico, for 100% interest in the highly prospective, El Arco property located in Durango State, Mexico.  Mr. Clancy Wendt holds a beneficial interest in the property and also serves as Director of Exploration for Goldex Resources Corporation.

The Project is located in Durango State, approximately 120 kilometers north-northwest of the city of Durango, and lies in the Central Plateau Gold-Silver belt of the Sierra Madre Occidental, near the historic Silver-Lead-Zinc district of Tejamen.

Initial geological work indicates that the Arco Project is a low-sulfidation epithermal gold-vein occurrence exposed in Upper Series Rhyolite formation. Typically, it is the underlying Andesite formations that host the strongest mineralization and ore bodies in this region of Mexico.  The narrow and epithermal style banded quartz vienlets that occur in the Rhyolite formation contain alteration selvages and indicate the potential for wider and stronger vein structures in the more favorable underlying Lower Series Andesite formation.

Although the exposed veins are narrow and range in width of 2 to 50 centimeters for individual veins, they sometimes occur as swarms over widths of up to 20 meters. They occur locally over a strike length of more than 2 kilometers.

Limited surface chip sampling by Goldex from vein outcrops sampled by the owners has returned encouraging gold values and includes:

Sample id	Au g/T	Ag g/T
A-01	0.295	3.6
A-02	0.105	4.0
A-03	1.089	2.5
A-04	1.540	6.0
A-05	3.153	2.6

Analytical work for the current exploration program is being done by BSI Inspectorate of Reno, Nevada an ISO certified lab, and all samples are delivered to the BSI sample preparation lab in Guatemala City by Goldex geologists.

Although at present, the El Arco prospect is a grassroots exploration property, Goldex believes that it may be possible to timely advance the project to an initial drill phase, based on the significant and unusual vein outcroppings and values obtained at the surface.

Goldex shall have the exclusive right to purchase a 100% ownership interest to the Property for $500,000 (USD) so long as this Option Agreement is in force.  The Option Agreement will incorporate the following schedule of advanced royalty payments which, if the Option is exercised, shall expire ten years after the Effective Date, unless extended by mutual agreement.

a) Upon signing of the Agreement $5,000.00
b) The first anniversary date of the Agreement $15,000.00
c) The second anniversary date of the Agreement $30,000.00
d) Upon each succeeding anniversary date $50,000.00

Goldex shall incur as Exploration Expenditures on the Property in each of the five years of the Option herein those amounts of money each year of the Option: $USD

a) Prior to the First Anniversary Date $50,000.00
b) Prior to the Second Anniversary Date $100,000.00
c) Prior to the Third Anniversary Date $150,000.00
d) Prior to the Fourth Anniversary Date $200,000.00
e) Prior to the Fifth Anniversary Date $250,000.00

Mr. Artemio Terrazas shall be entitled to receive the Net Smelter Royalty which will be determined on a monthly basis on the value of all mineral and Mineral Products produced and sold from the Property. Goldex retains the right, from time to time, to purchase in aggregate, up to one percent (1.00%) of Mr. Artemio Terrazas’ NSR for one million dollars, United States funds, thereby reducing the rate of NSR.

The completion of the Transaction is subject to the approval of the TSX Venture Exchange and all other necessary regulatory approvals.

The qualified person for Goldex is Richard W. Bybee P.Geo. who is responsible for the verification and quality assurance of the data set forth in this release.

Goldex Resources Corporation

Submitted on behalf of the board of directors
“Richard Bybee” P.Geo.,

Goldex’s web site can be accessed at http://www.goldex.ca/.

For more information, please contact:
Jay Friesen - Manager Corporate Development
Tel. (604) 669-4300
Email: jay@goldex.ca

Mark Chadwick - Investor Relations
Tel. (604) 669-4300
Email: mark@goldex.ca

The TSX Venture Exchange has neither approved nor disapproved the contents hereof and does not accept responsibility for the adequacy or accuracy of this release.