NovX21 Inc.

NovX21 Inc.

October 22, 2014 16:00 ET

NovX21 Appoints Chief Financial Officer

Yves Lasnier also joins NovX21 and is tasked with finalizing the new plant's financing

MONTREAL, QUEBEC--(Marketwired - Oct. 22, 2014) - October 22, 2014 - NovX21 (TSX VENTURE:NOV) is thrilled to appoint Mr. Yves Therrien as its interim Chief Financial Officer.

Mr. Therrien is a member of the Ordre des comptables professionnels agréés du Québec (CPA, CMA) and holds a Bachelor of Administration. He boasts extensive experience in managing financial, administrative and legal operations, specifically in the manufacturing sector and plant start-ups. Through his duties, he has worked in businesses of varying scope held by Canadian, Dutch, American and Spanish interests.

The company has also retained the services of seasoned consultant Yves Lasnier, who is tasked with finalizing the financing process to begin construction of the Thetford Mines commercial plant.

Mr. Yves Lasnier has more than 35 years of experience in prospecting, development and industrial market assessment. He has successfully managed several projects and studies on primary metal production and processing in the manufacturing sector, including auto parts manufacturing, as well as the energy and pulp and paper industries. He has also created the Partenariat Automobile Québec, and was its first president. Furthermore, Mr. Lasnier worked as Vice-President of SGF's Transportation and Minerals divisions. Lastly, he also held various technical and strategic positions within industrial companies, such as General Motors, ABB, Gaz Métropolitain and Sandwell Consultant.

"I'm thrilled by these appointments, which are happening at a key moment in NovX21's corporate development, said Sylvain Boulanger, President and CEO of NovX21. I would like to thank Mr. Fayçal Salek, who acted as our interim CFO in 2014, and welcome Mr. Therrien.

NovX21 retained the consultant services of Mr. Yves Lasnier eng. MBA to finalize the financing process to begin construction of the Thetford Mines commercial plant. His knowledge of the relationships between the various government authorities, his expertise as a chemical engineer, as well as the skills he developed as Vice-President at SGF, are all major assets for NovX21."

About NovX21

NovX21 operates an industrial prototype plant for the recovery of Platinum Group Elements (Platinum, Palladium and Rhodium, or PGMs). The plant is located near Quebec City in St-Augustin-de-Desmaures. Its patented process yields more than 97% recoveries of PGMs, and is not only much less capital extensive but also operates much more rapidly than conventional plants, thus dramatically lowering the amount of time that its customers' capital is tied up as work-in-process inventory. NovX21's mission is to sustainably recover precious metals by recycling end-of-life PGM containing components while meeting global "green" standards for the automobile industry.

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