Goldex Announces Second New Vein Discovery in 2 Weeks at the El Pato Project, Guatemala

October 12, 2005

Vancouver, October 12, 2005 – Goldex Resources Corporation (TSX-V: GDX) (http://www.goldex.ca) is pleased to announce continuing excellent results from its El Pato project, Guatemala.

El Pato hosts eight previously known zones of gold mineralization with multiple phases of veining over a 2.5 Km strike length and less than 25% of which have been drill tested to date.  Goldex announced the first new vein discovery on Oct 4 in which mapping and sampling discovered new mineralization along trend and extended the EL PATO GOLD MINERALIZED CORRIDOR 12 Km to the northeast.

The most recent mapping and sampling has discovered a second new vein system in as many weeks, the latest structure 2 Km to the west and southwest from the main El Pato zone.

The assay results from this latest work are very encouraging and of the 78 samples taken, 22 were greater than 1.0 gpt and 7 samples were greater than 15 gpt. Sample widths from the poorly exposed outcrops are 0.5 meters and up to 6.0 meters.

The vein structures consist of epithermal style banded quartz with pyrite and arsenopyrite and are typical of the mineralization in the district.

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.

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.

Submitted on behalf of the board of directors

“Richard Bybee” P.Geo.,

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

For more information, please contact:

AGORA Investor Relations
http://www.AGORAcom.com/IR/Goldex
GDX@agoracom.com

Mark Chadwick-Investor Relations
Tel. 604-628-7011
Email mark@goldex.ca

Jay Friesen, Corporate Communications
Tel. (604) 669-4300 - Fax (604) 681-5259
E-mail jay@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.