October 15, 2007 12:50 ET

Nordex Explosives Announces Final Closing of Private Placement

MISSISSAUGA, ONTARIO--(Marketwire - Oct. 15, 2007) -


LES EXPLOSIFS NORDEX LTEE./NORDEX EXPLOSIVES LTD. (TSX VENTURE:NXX) announced today that it has completed the final closing on its previously announced Private Placement. The final amount closed consists of an additional 50,000 common shares for additional proceeds of $32,500.00 to be issued at $0.65 per share resulting in total proceeds of $850,000 before related expenses. On October 12, 2007 the Company announced that it had partially closed the Private Placement for 1,257,692 Common Shares for proceeds of CDN $817,500. Following the final closing, there will be 6,967,025 common shares of the Company issued and outstanding.

The Closing Price for the Corporation's Common Shares on the TSX Venture Exchange on August 29, 2007, the trading day before the announcement of the Private Placement was $0.68.

The net proceeds of the offering will be used for the expansion of the Corporation's existing manufacturing facilities, working capital and for general corporate purposes.

Pursuant to TSX Venture Exchange (the "Exchange") Policies, and applicable securities legislation, without the prior written approval of the Exchange and compliance with all applicable securities legislation, the common shares issued on this final closing of the Private Placement may not be sold, transferred, hypothecated or otherwise traded on or through the facilities of the TSX Venture Exchange or otherwise in Canada or to or for the benefit of a Canadian resident until February 15, 2008.

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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