Nordex Explosives Ltd.
TSX VENTURE : NXX

Nordex Explosives Ltd.

November 22, 2011 08:30 ET

Nordex Explosives Ltd. Selected as Exclusive Supplier to Young-Davidson Mine Open Pit Project, Ontario

KIRKLAND LAKE, ONTARIO--(Marketwire - Nov. 22, 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 today it has successfully negotiated an agreement to supply explosive products to the Young-Davidson Mine "Open Pit Project", currently under construction 60 km west of Kirkland Lake in Matachewan, Ontario. The first explosive blast at the open pit was reported on November 18th by owner AuRico Gold Inc.

Jim Taylor, Chief Executive Officer for Nordex, commented, "Adding the Young-Davidson Open Pit Project to our existing supply arrangements with the Young-Davidson Mine demonstrates the competitive position of Nordex as a provider of bulk emulsions in the explosives industry. Our strategy to increase plant capacity and mobile equipment earlier this year has allowed us to respond to the demands of the Young-Davidson Open Pit Project as well as to prepare for other anticipated opportunities. We believe the renewed investment in mineral and resource projects due to higher commodity prices overall will continue to increase the demand for explosives products."

The agreement was negotiated with the on-site contractor, Ledcor CMI Ltd., separately from the ongoing supply of explosives by Nordex for the underground mining operations at the Young-Davidson Mine.

"This is our first occasion working with Ledcor, the site construction team engaged by AuRico. Ledcor is a North American construction leader with more than 5,000 employees working on all manners of construction projects. Through this new relationship, we are excited about the opportunity that we believe Nordex now has with Ledcor for potentially bidding on and securing additional product and services contracts in the future," projected CEO Taylor.

The agreement with Ledcor was negotiated with the cooperation of the Matachewan First Nations and the Wabun Tribal Council ("Wabun"). Wabun serves the six First Nations of Beaverhouse, Brunswick House, Chapleau Ojibwe, Flying Post, Mattagami as well as the Matachewan First Nations. Wabun has an Impact Benefit Agreement in place with Northgate Minerals Inc., which was recently acquired by AuRico Gold Inc.

Nordex Explosives Ltd. and Wabun have expressed their intent to work together to develop an exclusive relationship to explore additional joint opportunities on traditional native lands. Jim Taylor commented, "We are particularly excited about these ongoing discussions with Wabun and hope that we can formalize our common intentions to build a mutually beneficial relationship in the near future."

For more on the Ledcor Group of Companies visit www.ledcor.com.

For more on the Young-Davidson Mine Project and AuRico Gold Inc. visit www.auricogold.com.

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.

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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", "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 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.

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