Novadx Ventures Corp.

Novadx Ventures Corp.

August 26, 2010 07:00 ET

Novadx Reports Increased Coal Sales With Introduction of Second Shift at Rosa Mine

VANCOUVER, BRITISH COLUMBIA--(Marketwire - Aug. 26, 2010) - Novadx Ventures Corp (TSX VENTURE:NDX) ("Novadx") and its wholly owned subsidiary, MCoal Corporation ("MCoal") are pleased to report that on August 2nd, 2010, having successfully trained its operating staff, MCoal moved to a second production shift at its Rosa Mine, located in Blount County, Alabama. The second production shift has resulted in increased sales. For the period of August 1-15th, MCoal booked sales of US$228,576.00 demonstrating a 100% increase over the same period in July, 2010. For the period of August 16-20 MCoal booked sales of US$206,805.00 demonstrating a continued increase in sales on a week to week basis.

The increased production has filled available throughput capacity at the present contract wash plant. Management is exploring the use of alternative washing facilities whilst moving forward with the acquisition and implementation of a wash plant at the Rosa Mine Site. MCoal has begun taking the necessary steps locate a washing facility at the Rosa Mine site which the company anticipates will be operational by January 2011. Implementation of the Rosa Mine washing facility will provide increased processing capabilities and more consistent recoveries and quality of the Rosa Coal allowing MCoal to continue expanding its sales.

Neil MacDonald, CEO of MCoal and President and CEO of Novadx commented, "We are very pleased with the ramp up on production and sales from the second shift." Mr. MacDonald also noted that, "We continue to experience higher demand for the Rosa coal than we can currently fulfill, without significantly expanding our mining operations and implementing an internal wash plant facility. A portion of the proceeds from the current financing will go towards furthering this goal, as well as towards the acquisition of the existing Auger at the Rosa Mine which will enable us to reduce our total cost of production per-ton."

About MCoal: MCoal Corporation is a wholly-owned subsidiary of Novadx Ventures Corp. and operates the Rosa Coal Mine. The Rosa Mine is a metallurgical coal mine located in Northern Alabama, approximately 40 miles north of the City of Birmingham. In addition to operating the Rosa Mine, MCoal is actively evaluating a number of high quality coal acquisition opportunities in the Appalachian coal region to increase its reserves and production.

About Novadx: Novadx is a Vancouver-based Investment Company whose primary focus is on providing merchant banking services to natural resource companies. Novadx structures and makes direct equity investments as a principal and provides management and other related services to companies in specific resource sectors, such as MCoal Corporation, a subsidiary company that has commenced production from the Rosa mine a metallurgical coal mine in the State of Alabama, USA. For more information please visit


Neil MacDonald, President and CEO and Director.

This press release shall not constitute an offer to sell or the solicitation of an offer to buy, nor shall there be any sale of these securities in any jurisdiction in which such offer, solicitation or sale would be unlawful prior to the qualification under the securities laws of such jurisdiction.

Statements included in this announcement, including statements concerning our plans, intentions and expectations, which are not historical in nature are intended to be, and are hereby identified as, "forward-looking statements" for purposes of the safe harbor provided by Section 21E of the Securities Exchange Act of 1934, as amended by the Private Securities Litigation Reform Act of 1995. Forward-looking statements may be identified by words including "anticipates", "believes", "intends", "estimates", "expects" and similar expressions. The company cautions readers that forward-looking statements, including without limitation those relating to the company's future operations and business prospects, are subject to certain risks and uncertainties that could cause actual results to differ materially from those indicated in the forward-looking statements.

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 The TSX Venture Exchange has in no way passed upon the merits of the proposed transaction and has neither approved nor disapproved the contents of this press release.

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