NORDEX EXPLOSIVES LTD.
TSX VENTURE : NXX

NORDEX EXPLOSIVES LTD.

September 03, 2009 17:41 ET

Nordex Explosives Announces Correction to Press Release with Respect to Purchase of Shares by CL (Windsor) Inc.

MISSISSAUGA, ONTARIO--(Marketwire - Sept. 3, 2009) -

NOT FOR U.S. DISTRIBUTION

On September 3, 2009, LES EXPLOSIFS NORDEX LTEE./NORDEX EXPLOSIVES LTD. (TSX VENTURE:NXX) announced that it had received information from CL (Windsor) Inc., a company controlled by Christine Luciani and Leo Luciani, that on August 28th, 2009 and September 1st, 2009, 942,500 voting common shares of Nordex Explosives Ltd. ("Nordex") were purchased by CL (Windsor) Inc. CL (Windsor) Inc. had forwarded to Nordex an Early Warning Report with respect to the transaction, and had requested that Nordex file the document on SEDAR on their behalf.

Subsequent to the issue of the Press Release, and the filing by Nordex of the Early Warning Report on SEDAR, Nordex was advised by Leo Luciani that the shares were actually acquired by Luciani Professional Medical Corporation, a company also controlled by Christine Luciani and Leo Luciani and not by CL (Windsor) Inc.

A correcting Early Warning Report will be filed with respect to this matter.

This represents approximately 13.43% of the total outstanding voting common shares and 13.43% of the voting rights attached to all issued and outstanding shares of Nordex. Nordex currently has 7,017,025 common shares outstanding.

FORWARD LOOKING STATEMENTS

Certain information included herein may contain "forward-looking statements" which reflect the current expectations of management of the Company regarding the Company's future growth, results of operations, performance, business prospects and opportunities. Wherever possible, words such as "may", "would", "could", "should", "will", "anticipate", "believe", "plan", "expect", "intend", "estimate", "aim", "endeavour", "seek", "predict", "potential" and similar expressions have been used to identify these forward-looking statements. These statements reflect management's current beliefs with respect to future events and are based on information currently available to management of the Company. Forward-looking statements involve significant risks, uncertainties and assumptions. Many factors could cause the Company's actual results, performance or achievements to be materially different from any future results, performance or achievements that may be expressed or implied by such forward-looking statements, including, without limitation, cancellations of or the failure to renew purchase orders; production and delivery issues; quality, pricing and availability of raw materials; compliance with environmental regulations; exchange rate fluctuations as well as the other risks identified in the "Risk Factors" contained in the Company's Management Discussion and Analysis for the First Quarter and other public filings (copies of which may be obtained at www.sedar.com). Should one or more of these risks or uncertainties materialize, or should assumptions underlying the forward-looking statements prove incorrect, actual results, performance or achievements may vary materially from those expressed or implied by this press release. These factors should be considered carefully and the reader should not place undue reliance on the forward-looking statements. Although any forward-looking statements contained in this press release are based upon what management currently believes to be reasonable assumptions, the Company cannot assure readers that actual results, performance or achievements will be consistent with these forward-looking statements, and management's assumptions may prove to be incorrect. These forward-looking statements are made as of the date of this press release, and, other than as required by law, the Company does not intend, and does not assume any obligation, to update or revise these forward-looking statements, whether as a result of new information, future events or otherwise.

OTHER INFORMATION

Additional Information relating to the Company is available on SEDAR at www.sedar.com.

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.

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