Gold-Silver Project in Sonora, Mexico Update

Tickers: XTSX:GDX, PINX:GDXRF
Tags: Mining

June 12, 2017 / TheNewswire / VANCOUVER, BC - Goldex Resources Corporation GDXWKNG ("Goldex" or the "Company") is pleased to announce that from from May 15th to the 26th a short geological field program was completed at the Mingeo Property. Mineralization as observed in the four underground adits and surface outcrops is mainly confined to low angle quartz "mantos" (0.10 to 3.0m wide), which in places are strongly folded and/or displaced by quartz bearing faults. The quartz mantos strike ENE to WNW with an average dip of 20 degrees mostly to the north. Some mantos show shear movement along their hanging-wall contacts. The quartz mantos are believed to be of orogenic origin and lie within northern Sonora.

The principal minerals associated with the quartz mantos include disseminations and clusters of fine-grained to coarse-grained pyrite, minor chalcopyrite, sporadic stains of malachite and chalcanthite. Arsenical pyrite may be present as well. In a few areas were the quartz mantos have been brecciated (broken up), open space filling with euhedral crystals of quartz, smoky quartz, and crystals of an unknown green mineral have been observed (Adits 1, 2 and 3).

To date 9 mantos have been identified and sampled. A total of 80 samples were taken. Of these, 67 were of rock samples, and 13 were for quality control purposes. All samples were submitted to ALS CHEMEX in Hermosillo, Mexico. Assay results are still pending and will be made available as soon as they are received.

Victor A. Jaramillo, M.Sc.A., P.Geo. and Q.P. supervised the recent field program and has read and approved the technical section of this news release.

CHUCK ROSS, President

GOLDEX RESOURCES CORPORATION

About Goldex Resources

Goldex Resources Corporation is a TSX-listed (GDX) junior resource company exploring for gold in the Americas. Led by experienced resource professionals and a world class geological team Goldex's operations include prestigious, strategically focused projects in Guatemala and Mexico.

For more information please visit: www.goldex.ca

Neither the TSX Venture Exchange nor its Regulation 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.

Forward-Looking Statements

The forward-looking statements contained herein are expressly qualified in their entirety by this cautionary statement. The forward-looking statements included in this document are made as of the date of this document and the Company disclaims any intention or obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise, except as expressly required by applicable securities legislation. Although Management believes that the expectations represented in such forward-looking statements are reasonable, there can be no assurance that such expectations will prove to be correct. This news release does not constitute an offer to sell or solicitation of an offer to buy any of the securities described herein.

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