January 03, 2007 09:40 ET

Nordex Explosives Announces Exercising of Stock Options

MISSISSAUGA, ONTARIO--(CCNMatthews - Jan. 3, 2007) -


LES EXPLOSIFS NORDEX LTEE./NORDEX EXPOSIVES LTD. (TSX VENTURE:NXX) today announced that 175,000 options to purchase share were exercised by the Company's employees and directors on December 29, 2006. All of the options exercised were previously issued under the Company's Stock Option Plan.

Bruce Forth, a director of the Company, exercised 20,000 options to purchase shares in the Company. Jules Roy, a director of the Company, exercised 20,000 options to purchase shares in the Company. A. Timothy Peterson, a director of the Company, exercised 120,000 options to purchase shares in the Company. A further 15,000 options to purchase shares in the Company were exercised by an employee of the Company.

There are now 5,626,000 shares in the Company issued and outstanding after the 175,000 options to purchase shares were exercised. A. Timothy Peterson directly and indirectly controls 1,069,300 shares in the Company representing 19.0% of the total shares issued and outstanding.

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

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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