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Patagonia Gold Corp press release

Goldex Resources Retains AGORA Investor Relations

TSXV - TSX Venture Exchange · Gold · Silver · Arsenic · Antimony · Canada

TORONTO, Aug. 17 /CNW/ - Goldex Resources Corporation (TSX-V: GDX) (http://www.goldex.ca) is pleased to announce it has retained the services of AGORA Investor Relations Corp. ("AGORA") (http://www.agoracom.com) to provide investor relations services. The objective of this agreement is two-fold. First, to create effective communication between Goldex Resources ("Goldex"), its shareholders and the investment community through AGORA's Internet based investor relations system. Effective immediately, a customized and monitored Goldex IR HUB (http://www.agoracom.com/IR/Goldex) will allow both Goldex and AGORA to communicate with all investors simultaneously, anytime and in real-time, while providing shareholders with equal access and complete transparency to all investor relations communications. The IR HUB will also provide one-click access to the Goldex Broker Fact Sheet, Company Profile, five most recent press releases, e-mail list registration, latest stock quote & chart information and an executive audio address updated quarterly. In addition, the IR HUB provides investors with a monitored discussion forum for the purposes of constructive and high-quality discussion about the Company that is free of spam, bashing, hyping and profanity. Second, AGORA will be fully responsible for creating, implementing and executing an investor relations strategy, the consolidation of which will save management a considerable amount of time, effort and expense, allowing them to focus on core business operations, while significantly improving shareholder communications. Goldex Manager of Corporate Development, Jay Friesen, stated, "Given the Company's recent developments at our Guatemalan projects, we believe the time has now come to significantly increase our communications with shareholders and the investment community. The solution provided by AGORA fulfils our need to manage and execute an IR strategy in a cost efficient manner, while providing our management team with the ability to focus on executing the business plan. Our shareholders and Company will benefit greatly from near real-time communications, regularly planned updates and increased exposure" For all future Goldex investor relations needs, investors are asked to visit the Goldex IR Hub at http://www.AGORAcom.com/IR/Goldex where they can post questions and receive answers within the same day, or simply review questions and answers posted by other investors. Alternatively, investors are able to e-mail all questions and correspondence to GDX(at)agoracom.com where they can also request addition to the investor e-mail list to receive all future press releases and updates in real time. The terms of the agreement are as follows: Duration - 12 months. Monthly Cash Compensation - 2,000. Stock Options - 200,000 shares at C$ 0.30 per share. This agreement has been negotiated entirely at arm's length. AGORA is located in Toronto, Ontario. Goldex has successfully assembled a strong management team with broad- based experience in the development and financing of exploration companies in the mining & oil & gas sectors and a fully bilingual technical & logistical team in Guatemala City, with a strong contact base throughout Latin America. Additionally, the Company is seeking additional high-potential exploration projects in Latin America. The company currently has 23,716,321 shares issued and outstanding.

Contact: AGORA Investor Relations http://www.AGORAcom.com/IR/Goldex GDX(at)agoracom.com

Submitted on behalf of the board of directors

"Charles Ross" Charles Ross, Director

Goldex's web site can be accessed at www.goldex.ca.

The TSX Venture Exchange has neither approved nor disapproved the contents hereof and does not accept responsibility for the adequacy or accuracy of this release.

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