Novadx Ventures Corp.

Novadx Ventures Corp.

December 14, 2011 08:30 ET

Novadx Wins in Alabama Court of Appeals

VANCOUVER, BRITISH COLUMBIA--(Marketwire - Dec. 14, 2011) - Novadx Ventures Corp, President & CEO, Neil MacDonald, reports: Novadx Ventures Corp. ("Novadx" or the "Company") - (TSX VENTURE:NDX) is pleased to announce that its wholly-owned subsidiary MCoal Corporation ("MCoal") jointly with the Alabama Department of Environmental Management ("ADEM") have again successfully defended the action by the Black Warrior River Keepers, Inc. and Friends of the Locust Fork, Inc. (the "Appellants") challenge to ADEM's 2009 issuance of the National Pollutant Discharge Elimination System ("NPDES") Permit N0. AL0080080 (the "Permit") to MCoal for operation of its Rosa mine in Blount County, Alabama.

On December 2, 2011, the Alabama Court of Civil Appeals issued an order affirming, without opinion, the December 8, 2010 decision of the Alabama Circuit Court of Montgomery County in favour of MCoal and ADEM. As previously disclosed in the Company's news release of February 3, 2011, the Appellants had filed an appeal of the decision of the Montgomery Circuit Courts to the Alabama Court of Civil Appeals.

As previously disclosed in the Company's news releases dated July 2, 2010, October 7, 2010, and December 16, 2010, the Appellants have commenced actions to contest the issuance of the Permit on two prior occasions without success.

On November 20, 2009, the Appellants filed their initial petition for a hearing to contest ADEM's action with the Alabama Environmental Management Commission ("AEMC") alleging ADEM had not followed proper rules and procedures in issuance of the Permit. MCoal voluntarily joined ADEM in its defense of this action. On June 25, 2010, the AEMC, by unanimous decision of the Commissioners, adopted the recommendation of its Administrative Law Judge and ruled in favor of ADEM's actions, affirming the Permit was validly issued.

The Appellants subsequently filed an appeal of the decision of the AEMC to the Circuit Court for Montgomery County, Alabama. MCoal voluntarily joined ADEM in its defense of this action. On December 8, 2010, Circuit Court Judge Charles Price ruled in favor of ADEM, affirming the AEMC's June 25, 2010 decision that the Permit was validly issued.

About Novadx: Novadx Ventures Corp. is a Vancouver based mining investment Company. Through its wholly owned subsidiary, Novadx's primary focus is to invest its capital to acquire and develop companies with active or near production high quality coal reserves in the US Appalachia coal region. Novadx intends to continue to grow the value of its coal investments through expanding production and reserves amongst its existing investments and by investing in additional acquisitions. Novadx is actively evaluating a number of high quality coal acquisition opportunities. For more information please visit

About MCoal: MCoal Corporation is a wholly-owned subsidiary of Novadx Ventures Corp. which operates the Rosa coal mine in Blount County, Alabama and is developing the Rex No.1 coal mine in Campbell County, Tennessee.


Neil MacDonald, President and CEO and Director

This press release shall not constitute an offer to sell or the solicitation of an offer to buy, nor shall there be any sale of these securities in any jurisdiction in which such offer, solicitation or sale would be unlawful prior to the qualification under the securities laws of such jurisdiction.

This release contains "forward-looking information" that includes information relating to future events and future financial and operating performance, including management's assessment of Novadx's and MCoal's future outlook, potential financings, potential acquisitions and production. Specifically, this release contains forward-looking information related MCoal's operations, permits, properties and future development of assets, reserves or properties. Statements included in this announcement, including statements concerning our plans, intentions and expectations, which are not historical in nature are intended to be, and are hereby identified as, "forward-looking statements" for purposes of the safe harbor provided by Section 21E of the Securities Exchange Act of 1934, as amended by the Private Securities Litigation Reform Act of 1995.

Forward-looking statements may be identified by words including "anticipates", "believes", "intends", "estimates", "expects" and similar expressions. Forward-looking information should not be read as a guarantee of future performance or results and will not necessarily be accurate indications of the times at, or by which, that performance or those results will be achieved. Forward-looking information is based on information available at the time it is made and/or management's good faith belief as of that time with respect to future events, and such information is subject to risks and uncertainties that could cause actual performance or results to differ materially from those expressed in or suggested by the forward-looking information. Important factors that could cause these differences include but are not limited to: pricing and assumptions and projections concerning reserves and/ or resources in our mining operations; changes in contracted sales, the business of the Company may suffer as a result of uncertainty surrounding the coal market; the Company may be adversely affected by other economic, business, and/or competitive factors; the worldwide demand for coal; the price of coal; the price of alternative fuel sources; the supply of coal and other competitive factors; the costs to mine and transport coal; the ability to obtain new mining permits; the costs of reclamation of previously mined properties; the risks of expanding coal production; the ability to bring new mines on line on schedule; industry competition; the Company's ability to continue to execute its growth strategies; the Company's ability to secure additional financing; the Company's ability to complete planned acquisitions; and general economic conditions. You should not put undue reliance on any forward-looking information. We assume no obligation to update forward-looking information to reflect actual results, changes in assumptions or changes in other factors affecting forward looking information, except to the extent required by applicable securities laws. If we do update one or more forward-looking information, no inference should be drawn that we will make additional updates with respect to those or other forward-looking information. The Company cautions readers that forward-looking statements, including without limitation those relating to the Company's future operations and business prospects, are subject to certain risks and uncertainties that could cause actual results to differ materially from those indicated in the forward-looking statements.

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 The TSX Venture Exchange has in no way passed upon the merits of the proposed transaction and has neither approved nor disapproved the contents of this press release.

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