July 16, 2009 15:32 ET

Nordex Explosives Announces Resignation of A. Timothy Peterson as a Director

MISSISSAUGA, ONTARIO--(Marketwire - July 16, 2009) -


LES EXPLOSIFS NORDEX LTEE/NORDEX EXPLOSIVES LTD. (TSX VENTURE:NXX) announces the resignation of A. Timothy Peterson as a Director of the Company.

Mr. Peterson has been involved with Nordex Explosives since 2000 in various roles over the years as an officer and director including positions as Chairman of the Board, President and Chief Financial Officer. During this period, Nordex Explosives has expanded its manufacturing and product lines and has experienced significant growth in its annual revenues. Mr. Peterson was integral to establishing the existing management team along with the current Board of Directors.

The Company would like to thank Mr. Peterson for his contributions to the Company and wish him the best in his future endeavours.

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. 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".

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

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