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

VANCOUVER, BRITISH COLUMBIA, Sep 07, 2011 (MARKETWIRE via COMTEX News Network) --

Goldex Resources Corporation (TSX VENTURE: GDX)(WKN: 120488) ("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
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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 less than
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).