Goldex Resources (TSX-V.GDX)

Shares Issued 48,377,958

Last Close July 10, 2008 $0.07

VANCOUVER, July 11 /CNW/ -

Mr. Charles Ross reports

EXPLORATION UPDATE

Goldex Resources Corporation is pleased to announce that fieldwork has commenced on its Arco I and Arco II properties.

The first of two twenty-day field work periods of geological mapping and outcrop sampling commenced on June 7th and was completed on June 27th 2008. Initial geological mapping has been completed over the southern 1/3 of the project and several new vein structures have been identified and sampled. The second field work period commenced on July 10th and is estimated to be completed by July 30th. A third work period may be required for additional sampling, map compilation, drafting and writing of the progress report. Project reports will be finalized after all assays are received; drill targets may be defined at that time.

Two geologists and a field supervisor have been retained to conduct the work and local workers are also being employed.

Goldex's Arco II property, situated in Mexico's precious metals belt, is adjacent to the Arco I property and was acquired on January 17th 2008. This increased the area under exploration in Mexico by over 700%. In 2007 the Penoles La Cienega mine, which lies approximately 100 km to the west of El Arco, produced approximately 139,000 oz gold, 993,000 oz silver, 8000 tons lead and 9500 tons zinc.

Goldex is well funded to carry out this year's exploration and drilling programs.

Goldex Resources Corporation is a junior exploration company exploring for gold in the Americas. Goldex's strategically-focused operations highlight prestigious properties, a world-class geology team and a global investment following.

Charles Ross

President