NORDEX EXPLOSIVES LTD.
TSX VENTURE : NXX

NORDEX EXPLOSIVES LTD.

February 28, 2007 12:07 ET

Nordex Explosives Announces Transfer of Motion to Commercial List

MISSISSAUGA, ONTARIO--(CCNMatthews - Feb. 28, 2007) -

NOT FOR U.S. DISTRIBUTION

Further to the Press Release issued by the Company on January 30, 2007, NORDEX EXPOSIVES LTD. (TSX VENTURE:NXX) announces that the motion brought in the Superior Court District of Montreal by Jacques Levesque, a shareholder of the Company, originally returnable before the Court in Montreal on March 6, 2007, has been transferred to the Commercial List, and will be presented to the Court on March 2, 2007, at which time an Agreement as to the Conduct of Proceedings will be filed with the Court.

That Agreement will set forth a timetable for the conduct of the matter, including the setting of deadlines for the various stages of the proceedings, such as the presentation of preliminary motions, examinations for discovery of the parties, and service and filing of pleadings.

Bruce Forth, a director and secretary of the Company stated "On behalf of the Board of Directors of the Company, we believe that the claims made by Mr. Levesque in support of the Motion are unsubstantiated and the Company will be vigorously opposing these proceedings."

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. (TSX VENTURE:NXX) 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.

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

Contact Information

  • Nordex Explosives Ltd.
    Bruce Forth
    Secretary
    (905) 274-0102 x 25
    (905) 274-0169 (FAX)
    Email: BFORTH@LFALAW.COM