NDX

NOT FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES OR DISSEMINATION IN THE UNITED STATES

Novadx Ventures Corp. (TSX VENTURE:NDX), President & CEO, Neil MacDonald, reports:

Novadx Ventures Corp. ("Novadx" or the "Company") announced today that its
wholly-owned subsidiary, MCoal Corporation, ("MCoal") has advanced a bridge loan
(the "Bridge Loan") of US $1,500,000 to Ikerd Mining LLC, Ikerd Terminal, LLC
and Ikerd Transportation, LLC (collectively, the "Ikerd Group"). Funds are to be
utilized for the Ikerd Group's operations prior to completion of MCoal's
proposed acquisition of the Flatwoods Mine, which is located in Kentucky, and
related transportation and coal processing assets from the Ikerd Group, as
previously announced on July 6, 2010 and November 26, 2010. The Bridge Loan,
which Matures on April 30, 2011 (the "Maturity Date") is secured against all of
the property of the Ikerd Group. After the Maturity date, interest will accrue
on overdue amounts owing under the Bridge Loan at a rate of 12% per annum.


The Bridge Loan has been advanced to assist Ikerd Group in completing
development of a new open pit and haul road at the Flatwoods coal mine prior to
completion of the proposed acquisition. It is anticipated that the principle
amount of the Bridge Loan will be repaid at closing of the acquisition. 


Novadx also announced that Rowena Everett has resigned as the Company's Vice
President, Operations and Administration. Neil MacDonald, CEO, commented, "On
behalf of the Board, I would like to take the opportunity to thank Ms. Everett
for her service to the Company over the past several years. We wish her well in
her future endeavours."


About Novadx: Novadx Ventures Corp. is a Vancouver based mining investment
company. 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 www.novadx.com.


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.


ON BEHALF OF THE BOARD

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 is based on Novadx's
expectations, intentions, plans, beliefs, estimates and projections as of the
dates as of which those statements were made. This forward-looking information
may include, among other things, statements with respect to future production at
the Company's operating mines and other operations. Generally, this
forward-looking information can be identified by the use of forward-looking
terminology such as "outlook", "anticipate", "project", "target", "believe",
"estimate", "expect", "intend", "should", "scheduled", "will", "plan", "would"
and similar expressions. Forward-looking information is subject to known and
unknown risks, uncertainties and other factors that may cause Novadx's actual
results, level of activity, performance or achievements to be materially
different from those expressed or implied by such forward-looking information
and is developed based on assumptions about such risks, uncertainties and other
factors, including but not limited to changes in commodity prices; the strength
of the United States economy; the effects of competition and pricing pressures;
the oversupply of, or lack of demand for, the Company's products; currency and
interest rate fluctuations; various events which could disrupt the Company's
operations; the Company's ability to obtain additional funding on favourable
terms, if at all; and the Company's ability to anticipate and manage the
foregoing factors and risks. Additionally, statements related to the quantity or
magnitude of coal deposits are deemed to be forward looking statements. The
reliability of such information is affected by, among other things,
uncertainties involving geology of coal deposits; uncertainties of estimates of
their size or composition; uncertainties of projections related to costs of
production; the possibilities in delays in mining activities; changes in plans
with respect to exploration, development projects or capital expenditures; and
various other risks including those related to health, safety and environmental
matters. Although Novadx has attempted to identify important factors that could
cause actual results to differ materially from those contained in
forward-looking statements, there may be other factors that cause results not to
be as anticipated, estimated or intended. There can be no assurance that
forward-looking statements will prove to be accurate. Accordingly, readers
should not place undue reliance on forward-looking statements. Novadx disclaims
any intent or obligations to update or revise publicly any forward-looking
statements whether as a result of new information, estimates or options, future
events or results or otherwise, unless required to do so by law.

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