Oct 27, 2010

Vancouver, B.C. -- Sedex Mining Corp. (TSX-V: SDN) (the "Company") is pleased to announce that it proposes to raise up to $1,000,000 by way of a non-brokered private placement through the issuance of up to 10,000,000 units at a price of $0.10 per unit (the "Unit"). Each Unit will consist of one non-flow through common share and one-half of one non-flow through, non-transferable share purchase warrant (the "Warrant"). Each full Warrant will entitle the holder to purchase one additional common share of the Company at a price of $0.15 for a period of three years from closing the private placement. The Company may give written notice that the Warrants will expire in 30 days if the Company's shares trade at or above $0.30 for 21 consecutive trading days.

The private placement and any modifications to it are subject to compliance with applicable securities laws and to receipt of regulatory approval. The Company may pay finders' fees in accordance with the policies of the TSX Venture Exchange.

Proceeds of the financing will be used to undertake drill programs planned for the Company's Wind Bay, Mine Centre and Lucky Strike properties located in Ontario, Canada, and as well as to provide for basic administration costs. The Company will be announcing specific plans for each project shortly.

After reviewing results from its Nordica, Nabish Lake and Godfrey properties, the Board of Directors has determined not to continue with these properties.
M Partners Inc. has been retained as lead agent in connection with the Offering and as financial advisor to explore strategic alternatives for the Company. M Partners are located in Toronto and Vancouver with over 25 professionals serving the needs of their institutional and retail clients.

About Sedex Mining

Sedex is well positioned to discover and capitalize on world class gold, silver, copper, nickel and zinc deposits. During the past few years the Company has strategically accumulated large land packages in existing mining or mineral districts such as the Abitibi in Ontario. These properties often have existing infrastructure and are often within road access to metallurgical facilities to process mined ores.

Contact Information

For further information contact:	Alan Campbell or Kevin Hull, Investor Relations
Phone:	(604) 685-2222
Email:	[email protected]
Website:	www.sedexmining.com