NORDEX EXPLOSIVES LTD.
TSX VENTURE : NXX

NORDEX EXPLOSIVES LTD.

October 26, 2006 16:18 ET

Nordex Explosives Announces Purchase of Shares by Jacques Levesque

KIRKLAND LAKE, ONTARIO--(CCNMatthews - Oct. 26, 2006) -

Not for U.S. Distribution

NORDEX EXPOSIVES LTD. (TSX VENTURE:NXX) announces that it has received information from Mr. Jacques Levesque, that on June 24, 2006, Mr. Levesque acquired 10,000 voting common shares of Nordex Explosives Ltd. (Nordex), representing approximately 0.18% of the total outstanding voting common shares, and approximately 0.18% of the voting rights attached to all issued and outstanding shares of Nordex, and that immediately after the transaction Mr. Levesque owned 1,097,200 shares representing 20.128% of the issued and outstanding voting shares and approximately 20.128% of the voting rights to all issued and outstanding shares of Nordex. Mr. Levesque has forwarded to Nordex an Early Warning Report with respect to the transaction, and requested the company to file same on SEDAR on his behalf.

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

Contact Information

  • Nordex Explosives Ltd.
    John Kozak
    President & CEO
    (416) 907-6933
    (416) 907-9520 (FAX)
    Email: johnckozak@yahoo.ca