NORDEX EXPLOSIVES LTD.
TSX VENTURE : NXX

NORDEX EXPLOSIVES LTD.

March 20, 2007 12:29 ET

Nordex Explosives Announces Management Agreements for COO, CEO and Chairman

MISSISSAUGA, ONTARIO--(CCNMatthews - March 20, 2007) -

NOT FOR U.S. DISTRIBUTION

NORDEX EXPLOSIVES LTD. (TSX VENTURE:NXX) announces that it has entered into management agreements with each of Jim Taylor - VP Operations and COO, John Kozak - President and CEO and Timothy Peterson - Chairman. Mr. Kozak and Mr. Peterson are also directors of the company.

Total salary for each of the individuals is unchanged in 2007 from 2006. Under the terms of their individual agreements, annual salaries for 2007 are provided in the table below as well as comparative figures for 2006.



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2006 Taylor Kozak Peterson
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Salary Paid in Current Year $83,000 $48,000 Nil
Deferred Salary Accrued in Current Year Nil $30,000 $30,000
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Total Salary (including deferred) $83,000 $78,000 $30,000
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2007 Taylor Kozak Peterson
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Salary Paid in Current Year $83,000 $78,000 $30,000
Deferred Salary Accrued in Current Year Nil Nil Nil
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Total Salary (including deferred) $83,000 $78,000 $30,000
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Mr. Taylor, Mr. Kozak and Mr. Peterson also participate in the company's profit sharing plan which is in place through the year ending December 31, 2007. As full time employees, Mr. Taylor and Mr. Kozak continue to participate in the company's employee benefit plan. Mr. Peterson has never participated in the company's benefit plan.

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. is a manufacturer and distributor of explosives for the mining, quarry and road construction industries since 1970. Its manufacturing operations and distribution centre is strategically located in one of the world's largest mining regions near Kirkland Lake, Ontario. Nordex trades on the TSX Venture Exchange under the symbol "NXX".

The TSX Venture Exchange does not accept responsibility for the adequacy or accuracy of this release.

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