Nordex Explosives Ltd.
TSX VENTURE : NXX

Nordex Explosives Ltd.

April 12, 2011 17:16 ET

Nordex Explosives Announces Three Year Supply Agreement With Armistice Resources Corp.

KIRKLAND LAKE, ONTARIO--(Marketwire - April 12, 2011) -

NOT FOR US DISTRIBUTION

NORDEX EXPLOSIVES LTD. (TSX VENTURE:NXX) ("Nordex") is pleased to announce that it has entered into an exclusive supply agreement with Armistice Resources Corp. for the supply of explosive products to their site(s) located near Virginiatown, Ontario, Canada.

Armistice is moving into a pre-production mode at the McGarry Mine underground operations with the goal of meeting planned start-up of gold production in the fourth quarter of 2011. The initial target is a production rate of 25,000 ounces of gold per year.

The McGarry project is located immediately adjacent to the former Kerr Addison Mine which produced over 11,000,000 ounces of gold. Armistice is also commencing a $2,500,000 drilling program on the McGarry and Kerr Addison properties.

Jim Taylor, Chief Executive Officer for Nordex, stated "We appreciate the relationship we have with Armistice and the support we receive from the local mining companies. We are pleased to continue to be the explosives supplier of choice in the area and look forward to continuing to provide exceptional service and quality products to our clients."

The agreement is for a three year period. Under the terms of the agreement, there is no minimum volume or dollar commitment and resulting explosive sales will be a function of the operating activities of Armistice Resources Corp.

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".

OTHER INFORMATION

Additional Information relating to the Company is available on SEDAR at www.sedar.com.

Forward-Looking Statements

Certain information included herein may contain "forward-looking statements" which reflect the current expectations of management of the Company regarding the Company's future growth, results of operations, performance, business prospects and opportunities. Wherever possible, words such as "may", "would", "could", "should", "will", "anticipate", "believe", "plan", "expect", "intend", "estimate", "aim", "endeavor", "seek", "predict", "potential" and similar expressions have been used to identify these forward-looking statements. These statements reflect management's current beliefs with respect to future events and are based on information currently available to management of the Company. Forward-looking statements involve significant risks, uncertainties and assumptions. Many factors could cause the Company's actual results, performance or achievements to be materially different from any future results, performance or achievements that may be expressed or implied by such forward-looking statements, including, without limitation, cancellations of or the failure to renew purchase orders; production and delivery issues; quality, pricing and availability of raw materials; compliance with environmental regulations; exchange rate fluctuations as well as the other risks identified in the "Risk Factors" contained in the Company's Management Discussion and Analysis for the Third Quarter and other public filings (copies of which may be obtained at www.sedar.com). Should one or more of these risks or uncertainties materialize, or should assumptions underlying the forward-looking statements prove incorrect, actual results, performance or achievements may vary materially from those expressed or implied by this press release. These factors should be considered carefully and the reader should not place undue reliance on the forward-looking statements. Although any forward-looking statements contained in this press release are based upon what management currently believes to be reasonable assumptions, the Company cannot assure readers that actual results, performance or achievements will be consistent with these forward-looking statements, and management's assumptions may prove to be incorrect. These forward-looking statements are made as of the date of this press release, and, other than as required by law, the Company does not intend, and does not assume any obligation, to update or revise these forward-looking statements, whether as a result of new information, future events or otherwise.

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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