NORDEX EXPLOSIVES LTD.
TSX VENTURE : NXX

NORDEX EXPLOSIVES LTD.

February 28, 2008 11:58 ET

Nordex Explosives Announces Exercising of Stock Options

MISSISSAUGA, ONTARIO--(Marketwire - Feb. 28, 2008) -

NOT FOR U.S. DISTRIBUTION

LES EXPLOSIFS NORDEX LTEE./NORDEX EXPLOSIVES LTD. (TSX VENTURE:NXX) today announced that 50,000 options to purchase common shares of the company were exercised by employees and management of the company on February 28, 2008. All of the options exercised were previously issued under the Company's Stock Option Plan.

Mr. John Kozak, President of the company exercised 11,667 options, Mr. Jim Taylor, COO of the company exercised 33,333 options and Mr. Joe Rozon, a former employee of the company exercised 5,000 options.

After the exercising of the options there are 7,017,025 common shares of the Company 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 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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