June 15, 2009 15:33 ET

Nordex Explosives Announces Approval of Stock Option Plan by TSX Venture Exchange

MISSISSAUGA, ONTARIO--(Marketwire - June 15, 2009) -


LES EXPLOSIFS NORDEX LTEE/NORDEX EXPLOSIVES LTD. (TSX VENTURE:NXX) announces that it has received approval for the Company's Stock Option Plan from the TSX Venture Exchange.

At the Annual and Special Meeting of Shareholders of the Company held on May 22, 2009, Shareholders approved a resolution authorizing the Corporation to continue the existing stock option plan, which is a "rolling" plan under which up to 10% of the issued and outstanding common shares of the Corporation from time to time, subject to adjustment in certain circumstances, may be issued. The purpose of the Stock Option Plan is to develop the interest of bona fide officers, directors, employees, management company employees and consultants of the Corporation in the growth and development of the Corporation by providing them with the opportunity through stock options to acquire an increased proprietary interest in the Corporation. TSX Venture Exchange policies require that a rolling stock option plan be approved by the shareholders of the Corporation at each annual general meeting.

A copy of the Stock Option Plan, as approved by the TSX Venture Exchange, will be available on SEDAR at, attached as a schedule to the Material Change Notice filed by the Company on June 15, 2009.

Forward-Looking Statements - Not for U.S. Distribution

This press release contains forward-looking statements based on current expectations. These forward-looking statements contain various risks and uncertainties which could cause actual results to differ materially from those reflected in the forward-looking statements. Risks and uncertainties about the Company's business are more fully disclosed in the disclosure materials, financial statements and MD&A filed with the securities regulatory authorities in Canada on

ABOUT NORDEX EXPLOSIVES: LES EXPLOSIFS NORDEX LTEE./NORDEX EXPLOSIVES LTD. is a manufacturer and distributor of explosives for the mining, quarry and road construction industries since 1970. Its manufacturing operations and distribution centre is strategically located in one of the world's largest mining regions near Kirkland Lake, Ontario. Nordex trades on the TSX Venture Exchange under the symbol "NXX".

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