Nordex Explosives Ltd.

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) -


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".


Additional Information relating to the Company is available on SEDAR at

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