NXA Inc.
TSX VENTURE : NXI

March 31, 2010 16:59 ET

NXA Inc. Appoints Director, Terminates Option on Topley Richfield Property

TORONTO, ONTARIO--(Marketwire - March 31, 2010) - NXA INC. ("NXA" or the "Company") (TSX VENTURE:NXI) announced today that Mr. Andrew DeFrancesco has been appointed to the board of directors of NXA, subject to receipt of all regulatory approvals including the approval of the TSX Venture Exchange. In addition, NXA announces that it has determined not to continue under the option agreements with respect to certain mining claims comprising the Topley Richfield property in British Columbia, and will transfer all claims comprising the Topley Richfield property to the original claimholder, subject to the receipt of releases and regulatory approval.

NXA INC.

NXA is a mineral exploration company, listed on Tier 2 of the TSX Venture Exchange.

FORWARD-LOOKING STATEMENTS

Some statements herein are forward-looking statements. These statements address future events and conditions and, as such, involve inherent risks and uncertainties. Actual results could be significantly different from those anticipated in the forward-looking statements, and therefore readers should not place undue reliance on the forward-looking statements.

Shares Outstanding: 68,219,023

Neither 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.

Contact Information

  • NXA INC.
    Greg Borsk
    CFO
    (416) 214-3454