Novadx Ventures Corp NDXFF

Novadx Reports Increased Coal Sales With Introduct

[mrny1]

CCNMatthews
7:00 AM Eastern Daylight Time Aug 26, 2010

NEWS RELEASE TRANSMITTED BY MarketwireFOR:  NOVADX VENTURES CORP.TSX VENTURE SYMBOL:  NDXAUGUST 26, 2010Novadx Reports Increased Coal Sales With Introduction of Second Shift at Rosa MineVANCOUVER, BRITISH COLUMBIA--(Marketwire - Aug. 26, 2010) - Novadx Ventures Corp (TSX VENTURE:NDX) ("Novadx") and its wholly owned subsidiary, MCoal Corporation ("MCoal") are pleased to report that on August 2nd, 2010, having successfully trained its operating staff, MCoal moved to a second production shift at its Rosa Mine, located in Blount County, Alabama. The second production shift has resulted in increased sales. For the period of August 1-15th, MCoal booked sales of US$228,576.00 demonstrating a 100% increase over the same period in July, 2010. For the period of August 16-20 MCoal booked sales of US$206,805.00 demonstrating a continued increase in sales on a week to week basis. The increased production has filled available throughput capacity at the present contract wash plant. Management is exploring the use of alternative washing facilities whilst moving forward with the acquisition and implementation of a wash plant at the Rosa Mine Site. MCoal has begun taking the necessary steps locate a washing facility at the Rosa Mine site which the company anticipates will be operational by January 2011. Implementation of the Rosa Mine washing facility will provide increased processing capabilities and more consistent recoveries and quality of the Rosa Coal allowing MCoal to continue expanding its sales. Neil MacDonald, CEO of MCoal and President and CEO of Novadx commented, "We are very pleased with the ramp up on production and sales from the second shift." Mr. MacDonald also noted that, "We continue to experience higher demand for the Rosa coal than we can currently fulfill, without significantly expanding our mining operations and implementing an internal wash plant facility. A portion of the proceeds from the current financing will go towards furthering this goal, as well as towards the acquisition of the existing Auger at the Rosa Mine which will enable us to reduce our total cost of production per-ton."