NXX

NORDEX EXPLOSIVES LTD. (TSX VENTURE:NXX) ("Nordex" or the "Company") has
released its unaudited financial statements for the third quarter ending
September 30, 2013 and is pleased to announce its highest Q3 sales revenues in
the 43 year history of the Company and a pretax Q3 profit of $299,407. Record
sales revenues are attributed to ongoing diversification and the securing of new
business in the construction and quarry markets while maintaining and increasing
business with existing customers. 


Highlights from the 2013 third quarter include:



--  All time record sales across all customer industry segments 
--  Completion of the exclusive and proprietary high margin "Buttbuster"
    manufacturing line 
--  Receipt of all approvals with respect to title for the minerals rights
    for the Melba gold property



The following table summarizes and compares selective Q3 financial results year
over year: 




----------------------------------------------------------------------------
                                     Q3 2013         Q3 2012         Change 
----------------------------------------------------------------------------
Revenue                         $  4,723,631    $  3,960,224           19.3%
----------------------------------------------------------------------------
Gross Profit                    $  1,086,937    $    801,520           35.6%
----------------------------------------------------------------------------
Net Income                      $    189,566    $    107,021           77.1%
----------------------------------------------------------------------------
Total Assets                    $ 17,030,343    $ 14,092,544           20.8%
----------------------------------------------------------------------------
Total Liabilities               $  7,282,552    $  4,716,874           54.4%
----------------------------------------------------------------------------



Total revenues for the period were $4,723,631, an increase of $763,407,
approximately a 19.3% increase over same period revenues of $3,960,224 in 2012.
The increase in sales in Q3 is a result of increasing confidence in the products
and services provided by Nordex to both existing clients, as well as, new
customers in the non-mining segment of the explosives industry. The successful
adaptation of Nordex products and equipment to meet the needs of the quarry and
construction markets contributed to the increase in Q3 results. The percentage
of revenues from non-mining related customers continues to increase and this
trend is expected to continue in 2014. The Company objective is to achieve a
50/50 split between mining related and non-mining related revenues. 


Gross profit for the period was $1,086,937, an increase of $285,417
approximately a 35% increase over the same period gross profit of $801,520 in Q3
2012. The increase in gross margin is a result of the increase in sales and the
economies of scale being achieved in manufacturing. 


Net income after tax for the period was $189,566, an increase of $82,545 over
the same period net income after tax of $107,021 in Q3 2012 as a result of the
increase in sales.


Jim Taylor, President & CEO, stated, "This is our 7th successive period of a
quarter over quarter growth in sales revenues at Nordex. We continue to
implement our growth strategies with a focus on profitability. We continue to
expect reductions in our relative manufacturing costs as sales revenues continue
to grow steadily. In addition, Nordex has started to market and promote our new
proprietary perimeter control products with delivery starting in Q1 2014. We
recently announced the completion of our "buttbuster" (Johnex) manufacturing
facility and have begun commercial production of these products. Our
achievements and success continues to be a direct result of the efforts and
contributions by our valued employees." 


The financial information for the periods indicated as set out in this news
release is presented on a basis consistent with the accounting principles used
to prepare Nordex' most recently filed financial statements. The contents of
this news release should be read in conjunction with the complete unaudited
financial statements and the Company's annual financial statements and related
management discussion and analysis ("MD&A") for the periods under the Company's
profile available at www.SEDAR.com. Readers are advised that the Company faces
various risk factors with respect to its business and operations: for further
information please see the MD&A of Nordex available at www.SEDAR.com.


ABOUT NORDEX EXPLOSIVES: NORDEX EXPLOSIVES LTD. is a manufacturer and
distributor of explosives for the mining, quarry and road construction
industries since 1970. Its manufacturing operations and distribution centre is
strategically located in one of the world's largest mining regions near Kirkland
Lake, Ontario. Nordex is the exclusive supplier of the Econotrim and Ezicharge
perimeter control explosive products in Canada. Nordex trades on the TSX Venture
Exchange under the symbol "NXX".


OTHER INFORMATION

Additional Information relating to the Company is available on SEDAR at
www.sedar.com.


Forward-Looking Statements

Certain information included herein may contain "forward-looking statements"
which reflect the current expectations of management of the Company regarding
the Company's future growth, results of operations, performance, business
prospects and opportunities. Wherever possible, words such as "may", "would",
"could", "should", "will", "anticipate", "believe", "plan", "expect", "intend",
"estimate", "aim", "endeavor", "seek", "predict", "potential" and similar
expressions have been used to identify these forward-looking statements. These
statements reflect management's current beliefs with respect to future events
and are based on information currently available to management of the Company.
Forward-looking statements involve significant risks, uncertainties and
assumptions. Many factors could cause the Company's actual results, performance
or achievements to be materially different from any future results, performance
or achievements that may be expressed or implied by such forward-looking
statements, including, without limitation, cancellations of or the failure to
renew purchase orders; production and delivery issues; quality, pricing and
availability of raw materials; compliance with environmental regulations;
exchange rate fluctuations as well as the other risks identified in the "Risk
Factors" contained in the Company's Management Discussion and Analysis for
fiscal 2012 and other public filings (copies of which may be obtained at
www.sedar.com). Should one or more of these risks or uncertainties materialize,
or should assumptions underlying the forward-looking statements prove incorrect,
actual results, performance or achievements may vary materially from those
expressed or implied by this press release. These factors should be considered
carefully and the reader should not place undue reliance on the forward-looking
statements. Although any forward-looking statements contained in this press
release are based upon what management currently believes to be reasonable
assumptions, the Company cannot assure readers that actual results, performance
or achievements will be consistent with these forward-looking statements, and
management's assumptions may prove to be incorrect. These forward-looking
statements are made as of the date of this press release, and, other than as
required by law, the Company does not intend, and does not assume any
obligation, to update or revise these forward-looking statements, whether as a
result of new information, future events or otherwise.


Neither TSX Venture Exchange nor its Regulation Services Provider (as that term
is defined in the policies of the TSX Venture Exchange) accepts responsibility
for the adequacy or accuracy of this release.


FOR FURTHER INFORMATION PLEASE CONTACT: 
Anthony Durkacz
Investor Relations
416-720-4360
Anthony@capitalideasir.com


Nordex Explosives Ltd.
Jim Taylor
Chief Executive Officer
705-642-3265 #4
jtaylor@nordexexplosives.com
www.nordexexplosives.com

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