Novadx Ventures Corp. (TSX VENTURE:NDX) - 

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

Novadx Ventures Corp. ("Novadx" or the "Company") is pleased to announce that
Ikerd Mining LLC ("Ikerd") has been granted KPDES Permit No KYG046633 by the
Kentucky Department of Environmental Protection's Division of Water for Ikerd's
Flatwoods Mine located in Clay County, Kentucky. Accordingly, operations at the
Flatwoods Mine have resumed.


On May 26, 2011, Novadx announced that it had extended the closing of the Ikerd
acquisition, and in the interim had assumed management control of the Ikerd
operations until certain conditions of closing were satisfied.


Neil MacDonald commented, "We are pleased that we have now received this
necessary permit to resume mining operations at the Flatwoods Mine. With this
permit in place we now have set our priorities on closing the Ikerd acquisition.
We are immediately resuming mining operations at the Flatwoods Mine and plan to
return to historical production levels by the end of June, 2011."


The Company has also agreed to grant stock options to purchase a total of
1,775,000 common shares to directors, officers, and employees of the Company.
The options can be exercised at 45 cents per common share for a period of five
years from the date of grant.


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.


(TSXV:NDX)
Gráfico Histórico do Ativo
De Mai 2024 até Jun 2024 Click aqui para mais gráficos .
(TSXV:NDX)
Gráfico Histórico do Ativo
De Jun 2023 até Jun 2024 Click aqui para mais gráficos .