Nordex Explosives Ltd.
TSX VENTURE : NXX

Nordex Explosives Ltd.

December 15, 2011 10:31 ET

Nordex Explosives Ltd. Receives Canadian Authorization for the Manufacturing of Patented Products Designed by Johnex Under an Exclusive Agreement

KIRKLAND LAKE, ONTARIO--(Marketwire - Dec. 15, 2011) -

NOT FOR DISTRIBUTION TO THE U.S NEWS WIRES SERVICES, OR DISSEMINATION IN THE UNITED STATES OF AMERICA.

NORDEX EXPLOSIVES LTD. ("Nordex" or the "Company") (TSX VENTURE:NXX) is pleased to announce it has received regulatory approvals to manufacture a line of specialty products developed by Johnex Explosives Australia. These products have gained wide acceptance for use in both surface and underground perimeter control explosives applications.

Johnex Explosives operates three manufacturing facilities and several distribution sites in order to meet the demand for their products in Australia. Approval for Nordex to manufacture and supply the mining and construction industries with Johnex premium products is an important milestone awaited since the initial announcement of its exclusivity agreement (see News Release dated: February 7th 2011). Nordex will commence initial production runs immediately.

Nordex CEO Jim Taylor explained, "Johnex has developed a unique range of patented explosives products which have revolutionized production blasting in Australia. We believe the products will appeal to customers in Canada who seek blasting technologies that are designed to be safer and more reliable than other products. The one-piece design eliminates the need for joining blasting sticks and separate primers. This provides cost savings to customers and in turn a competitive advantage for Nordex. These new products complement existing lines of booster sensitive and detonator sensitive emulsions that we currently manufacture. We are very excited about this relationship with Johnex and anticipate many new opportunities and options will open up for Nordex and its clients."

The products have been successfully field tested in Canada. The results clearly show that the products perform as expected. The benefits anticipated have been confirmed. Additional product information is available at: www.johnex.com.au.

Nordex received Certificate #XP2050-N15-090813002 from Natural Resources Canada (ERD) declaring the products as authorized explosives under the "Explosives Act" in Canada. Under the agreement Johnex will provide the necessary technology, technical expertise and support for Nordex to introduce the products into Canada.

About Johnex

Johnex employees have over 150 years of collective experience in product development at their production facilities in Australia to suit all types of quarry, open pit and underground mining. Johnex is recognized as Australia's leading innovator in high-tech explosives technology and high quality user-friendly cost effective products. The Econotrim product is a one-piece custom length semi-rigid 21mm diameter coiled charge designed for rapid charging of boreholes in underground tunneling and shaft sinking where elevated temperatures and reactive ground are common. The Ezicharge product is a one-piece custom length semi-rigid 32mm diameter coiled charge designed for rapid charging of lifters, wet faces and for loading perimeter holes in underground tunneling and shaft sinking.

About Nordex Explosives Ltd.

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".

For more information about Nordex please visit our website at www.nordexexplosives.com. To receive Company news via email contact lauren@chfir.com and mention "Nordex news" in the subject line.

Forward-Looking Statements - Not for U.S. Distribution

Certain information included herein may contain "forward‐looking statements" which reflect the current expectations of management of the Corporation regarding the Corporation'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", "endeavour", "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 Corporation. Forward‐looking statements involve significant risks, uncertainties and assumptions. Many factors could cause the Corporation'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 Corporation's Management Discussion and Analysis 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 Corporation 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 Corporation 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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