NovaDX Ventures Corp (fka NDXFF)

[Renee]

NDXFF FINRA deleted symbol:

https://otce.finra.org/otce/dailyList?viewType=Deletions

[cleverrox]

News - Final permits expected to be issued shortly after reclamation bond has been posted -- Commercial production anticipated in Q3 of 2012.

VANCOUVER, BRITISH COLUMBIA, Apr 04, 2012 (MARKETWIRE via COMTEX News Network) -- Novadx Ventures Corp. ("Novadx" or the "Company") (TSX VENTURE:NDX) is pleased to announce that the United States Department of the Interior, Office of Surface Mining ("OSM") in Knoxville, Tennessee has issued a Notice of Technical Adequacy in respect to the Company's application to revise its permit to construct and operate a coal washing facility at its Rex No. 1 Mine located in Campbell County, Tennessee.

Notice of Technical Adequacy is official regulatory notification that the Company's application to construct and operate a wash plant at the Rex No. 1 Mine site has met all regulatory technical requirements. The Company expects to shortly receive notice from OSM confirming the requisite reclamation bond amount the Company will be required to post and management expects that the final permit revision will be issued by the OSM shortly after the Company has posted this reclamation bond.

The wash plant design specifications provides for processing of up to 250 ton/hour of run of mine coal. The design plan is complete and currently out for commercial bid and the Company expects the wash plant to be operational in the 3rd calendar quarter of 2012.

As disclosed in its March 1, 2012 News Release, the Company has
recently updated the coal resource estimate at the Rex Mine to
include 38.1 million tons of Measured and Indicated Resources and 9.6 million tons of Inferred Resources in place. The estimated reserves include 11.3 million recoverable tons of Proven and Probable Reserves which, based on current plans, will support over a 20 year mine life.

The Company anticipates filing an updated NI 43-101 report and
sensitivity study supporting the previously announced updated
resource estimate on SEDAR on or before April 16, 2012.