NORDEX EXPLOSIVES LTD.
TSX VENTURE : NXX

NORDEX EXPLOSIVES LTD.

November 13, 2007 12:35 ET

Nordex Explosives Announces Third Quarter 2007 Results-Nine Months Revenues Increase by Over 50%

MISSISSAUGA, ONTARIO--(Marketwire - Nov. 13, 2007) -

NOT FOR U.S. DISTRIBUTION

LES EXPLOSIFS NORDEX LTEE./NORDEX EXPLOSIVES LTD. (TSX VENTURE:NXX) today announced financial results for its third quarter ending September 30, 2007.

The third quarter of 2007 is the sixteenth consecutive quarter that sales have increased over the same quarter in the prior year. Revenue for the quarter ending September 30, 2007 was $1,927,949 compared to $1,166,844 for the same period in 2006 representing an increase of 65.2%. Revenue for the first nine months of 2007 increased by 51.8% to $5,331,351 compared to $3,512,175 during the same period in 2006.

For the three months ending September 30, 2007, Nordex recorded a net income before taxes of $204,344 compared to $67,403 for the same period in 2006 representing an increase of 203.2%. Net income before tax for the first nine months of 2007 increased by 105.3% to $445,598 compared to $217,005 during the same period in 2006.

Earnings per share tripled to $0.036 during the three month period compared to $0.012 during the same period in 2006. Earnings per share for the first nine months of 2007 increased by 97.5% to $0.079 compared to $0.040 during the same period in 2006.

Earnings per share were $0.094 for the twelve months ending September 30, 2007.

The financial statements and the management discussion & analysis for the quarter is available on SEDAR at www.sedar.com.

Forward-Looking Statements

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 www.sedar.com.

ABOUT NORDEX EXPLOSIVES: LES EXPLOSIFS NORDEX LTEE./NORDEX EXPLOSIVES LTD. (TSX VENTURE:NXX) is a developer, manufacturer and distributor of explosives for the mining, quarry and road construction industries. Founded in 1970, its manufacturing operations and distribution centre is strategically located in one of the world's largest mining regions near Kirkland Lake, Ontario.

The TSX Venture Exchange does not accept responsibility for the adequacy or accuracy of this release.

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