Goldex Options Property
GOLDEX RESOURCES CORPORATION TSX-V.GDX
GOLDEX OPTIONS PROPERTY
VANCOUVER, BC, April 14, 2023 - Goldex Resources Corporation (Goldex or the Company) (TSXV – GDX) announces that on August 30, 2022, the Company entered an agreement for an Optionee to earn up to a 70% interest in its Silimanita property in Guatemala (the "Property"). Under the terms of the option agreement, the Optionee paid $50,000 on signing, and will pay an additional $50,000 within 12 months of signing, and an additional $150,000 within 36 months of signing the agreement. The Optionee is to incur $60,000 in expenditures on the Property on or before twelve months of signing the agreement, a further $60,000 in expenditures before the twenty-fourth month, and $1,500,000 on or before the thirty-sixth month of signing the agreement.
In the event that the Optionee exercises the Option and acquires a 70% right, title, and interest in and to the Property, Goldex shall thereafter be entitled to a two percent (2%) net smelter returns royalty (NSR) with respect to the Property. The Optionee shall be entitled to buy back one percent (1%) NSR at any time by paying $1,000,000 to Goldex.
GOLDEX RESOURCES CORPORATION
Charles Ross, Director
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.
Suite 610- 700 West Pender Street, Vancouver, British Columbia, Canada V6E 1G8 Telephone: (604) 669-4300
www.goldex.ca