Novadx Ventures Corp.

Novadx Ventures Corp.

March 09, 2010 09:15 ET

Novadx Ventures Corp.: Rosa Mine Construction Update

VANCOUVER, BRITISH COLUMBIA--(Marketwire - March 9, 2010) - Novadx Ventures Corp ("Novadx") (TSX VENTURE:NDX) announces that construction of its wholly owned subsidiary's, MCoal Corporation's ("MCoal") Rosa Mine is on track to meet scheduled production targets this year.

The Rosa Mine is a metallurgical coal mine located 43 miles north of Birmingham, Alabama. The mine is fully permitted for operation and will extract metallurgical coal using triple-head auger machines. MCoal's mine plan and operations incorporate sediment control methods, mine safety procedures and ongoing environmental monitoring procedures that meet or exceed current industry laws and regulations.

The Rosa Mine will use auger machines to enter the coal seam from the exposed high-wall left by previous contour mining completed in the 1970's with minimal additional excavation and maximum cost-effectiveness.

Auger mining dramatically reduces the amount of surface disturbance and allows for the recovery of coal that was previously not possible to mine without the use of auger mining machines.

MCoal is advancing preparation of the mine site. This includes the completion of construction of gates and fencing, access roads, haul roads, a site office, and weigh scales. MCoal will shortly complete the second of two settlement ponds and coal stock yard required to support the commencement of its auger mining operations When beginning construction of its second settlement pond, MCoal unexpectedly encountered and extracted approximately 500 tons of Rosa coal not previously contour mined which it has stock piled on site.

Mining equipment purchased and on site includes; a Komatsu PC 400 and John Deere 890 track excavators, two Volvo 35 ton capacity articulated rock trucks, two tri-axle 20 ton capacity coal haulage trucks, one Komatsu 375 bulldozer, a CAT 980 loader, a CAT 416 back hoe, a truck mounted 6 inch RC drill and service vehicles. MCoal anticipates delivery of a contract auger machine by the end of March, 2010.

The initial high-wall "mine face" is being prepared in advance of delivery of the auger machine. No other major pieces of mining equipment are required to commence production, which is expected shortly after the auger machine is delivered and assembled on site. Initial coal production from the Rosa Mine is primarily committed to coking facilities located in the Birmingham, Alabama area.

For further information and recent pictures of our progress to date please visit our web site at

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 obtained all necessary operating permits and is now opening a metallurgical coal mine in the State of Alabama, USA. For more information please visit

About MCoal: MCoal Corporation, a wholly owned subsidiary of Novadx Ventures Corp., has been actively acquiring surface and mineral interests that cover the Rosa Coal deposit. The Rosa Coal Project is a metallurgical coal mine project located in Blount County, Northern Alabama, approximately 40 miles from the City of Birmingham. Birmingham provides a nearby local market for the Rosa Coal and is the location of two existing coking plants that have historically used the Rosa Coal in their operations.


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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