Goldex announces the addition of Seasoned Exploration Geologist Richard Bybee, B.A., P. Geo. To Goldex Exploration Team

August 22, 2005

Vancouver, August 22, 2005 – Goldex Resources Corporation (TSX-V: GDX) (http://www.goldex.ca) is pleased to announce that Richard Bybee has joined its exploration team as Senior Executive Technical Consultant.

Mr. Bybee has over twenty-nine years of experience mineral exploration including Nicaragua, Honduras, New Zealand, Nevada, and Arizona. He has managed and directed multimillion dollar exploration and development programs from inception to reserve development.  He planned and conducted a drilling program which led to the discovery of the 920,000 ounce Cerro Mojon gold deposit in September 1995 in Nicaragua. He has been responsible for up to 28 employees including geologists, field technicians, geographers, drilling assistants, miners, and surveyors.

This major addition to our exploration team along with Clancy Wendt’s recent selection as Director gives Goldex an advantageous position as an emerging exploration company.

Mr. Wendt has over thirty years of experience in worldwide mineral exploration – including Mexico, Argentina, Chile, Alaska, China, Honduras, Peru, and the United States. He has managed and directed multimillion dollar exploration programs for Westmont Mining, Phillips Petroleum, Duval, and Cerro Corporation.  A significant number of discoveries have been made under the guidance of Mr. Wendt. Discoveries include gold, base metals and uranium. He has been directly or indirectly responsible major gold discoveries.

Mr. Wendt is a Registered Professional Geoscientist (P.Geo.) and is registered in the United States and Australia.

We are excited to announce these inclusions to our management team where their expertise and experience in South America and fluency in Spanish will help us move toward the company’s goal of developing and acquiring base and precious metal properties.

Eugene K. Schmidt has officially resigned for the Goldex Team to pursue other activities.

Goldex Resources Corporation is a TSX.V listed junior resource company exploring for gold in the Americas.  Through its Guatemalan subsidiary Compañía Mineria el Cóndor, S.A., Goldex has acquired the Exploration Licenses for the El Pato and Cerro Las Minas Gold Projects in a highly-potential gold district in eastern Guatemala.  

Goldex has successfully assembled a strong management team with broad-based experience in the development and financing of exploration companies in the mining & oil & gas sectors and a fully bilingual technical & logistical team in Guatemala City, with a strong contact base throughout Latin America.  Additionally, the Company is seeking additional high-potential exploration projects in Latin America. The company currently has 23,716,321 shares issued and outstanding.

This press release is available on the Goldex IR HUB for investor commentary, feedback and questions. Investors are asked to visit http://www.AGORAcom.com/IR/Goldex. Alternatively, investors are asked to e-mail all questions and correspondence to GDX@agoracom.com where they can also request addition to the investor e-mail list to receive all future press releases and correspondence directly.

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

Submitted on behalf of the board of directors

“Charles Ross”
Charles Ross, Director

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

For more information, please contact:

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.