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Novadx Files Updated Technical Report on the Rex Coal Mine Property

Technical Reports (NI 43-101)

NEWS RELEASE

September 20, 2013 Symbol: TSX-V: NDX

Novadx Files Updated Technical Report on the Rex Coal Mine Property

(Vancouver, BC, September 20, 2013) Novadx Ventures Corp. (“Novadx” or the “Company”) (TSX- V: NDX) is pleased to announce that it has filed on SEDAR an updated National Instrument 43-101 – Standards of Disclosure for Mineral Projects (“NI 43-101”) report titled “Technical Report on the Rex Coal Mine Property, MCoal Corporation, Campbell County, Tennessee, USA" prepared for Novadx Ventures Corp. dated effective September 1, 2013 (the “2013 Report”) prepared by Mr. John Feddock, P.E., Senior Vice President and Principal Engineer, Paul Sainato, P.E. Senior Project Engineer and Hugo Fournier, P.E, Senior Mining Engineer of Cardno MM&A, Inc. (“Cardno”), qualified persons .

The 2013 Report confirms the following Resource and Reserve estimates for the Company’s Rex Coal Mine Property:

Rex Seam Resource Summary
Resource CategoryIn Situ Tons (Thousands)
Measured6,693.7
Indicated19,094.7
Total Measured and Indicated25,788.4
Rex Seam Reserve Summary
Reserve CategoryRecoverable Tons (Thousands)
Proven3,364.6
Probable7,844.0
Total Proven and Probable11,208.7

The Company controls approximately 27,000 contiguous and non-contiguous acres of mineral rights divided into the Rex Coal Mine Property (21,170 acres) and the North Campbell Property (5,840 acres). The 2012 Technical Report focused on the Rex Coal Mine Property and the forgoing resources and reserves we estimated for the Company’s active Rex No. 1 Mine (1,615 acres) and the Proposed Rex No. 2 Mine (5,000 acres) within the Rex Coal Mine Property.

The 2013 Report also includes a positive economic life of mine assessment of the Rex Coal Mine Project as currently planned the highlights of which are as follows:

HighlightAmount
Estimated Total Development Capital InvestedUS $58,686,000
Total Recoverable Coal (Life of Mine)11,209,000 Reserve Tons
Mine Life23 years
Median Annual Raw Coal Production980,000 Tons
Median Annual Marketable Production581,000 Tons
Average Total Cash Mine Cost (excluding tax, financing cost and working capital)US $135.87 per Ton
Average Coal PriceUS $195.10 per Ton
Average Cash Mine CostUS $121 per Ton
Average Annual Capital ExpendituresUS $9,255,000
Average Annual Cash FlowUS $13,168,000

The economic assessment of the Rex Coal Mine Project was prepared on a pretax basis.

The 2013 Report also contains the recommendation that the Company continue operating and developing the Rex Coal Mine Project, continue its efforts to acquire certain adjacent properties and conduct further exploration on its properties to potentially increase its reserves and provide synergies and reduced costs for future production.

The 2013 Report supersedes all earlier technical reports in respect of the Rex No. 1 Mine. The 2013 Report can be found on SEDAR (www.sedar.com).

Mr. John Feddock, of Cardno MM&A, a "Qualified Person" pursuant to the provisions of National Instrument 43-101, has reviewed and approved the scientific and technical information within this news release.

The TSX Venture Exchange has in no way passed upon the merits of the proposed transaction and has neither approved nor disapproved the contents of this press release.

ON BEHALF OF THE BOARD Daniel A. Roling President, CEO and Director

For more information about Novadx Ventures Corp. please contact:

Daniel A. Roling +1 (865) 392-4282 [email protected]

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 The TSX Venture Exchange has in no way passed upon the merits of the proposed transaction and has neither approved nor disapproved the contents of this press release. 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 includes information relating to future events and future financial and operating performance, including management's assessment of Novadx’s and MCoal’s future outlook, potential financings, potential acquisitions, properties, permitting and mining activities and production. Specifically, this release contains forward-looking information related to future development of assets, mining operations, permitting and regulatory and shareholder approvals, and potential financings. Statements included in this announcement, including statements concerning our plans, intentions and expectations, which are not historical in nature are intended to be, and are hereby identified as, "forward-looking statements" for purposes of the safe harbor provided by Section 21E of the Securities Exchange Act of 1934, as amended by the Private Securities Litigation Reform Act of 1995. Forward-looking statements may be identified by words including "anticipates", "believes", "intends", "estimates", "expects" and similar expressions. Forward-looking information should not be read as a guarantee of future performance or results and will not necessarily be accurate indications of the times at, or by which, that performance or those results will be achieved. Forward-looking information is based on information available at the time it is made and/or management's good faith belief as of that time with respect to future events, and such information is subject to risks and uncertainties that could cause actual performance or results to differ materially from those expressed in or suggested by the forward-looking information. Important factors that could cause these differences include but are not limited to: requisite regulatory and shareholder approvals, actual or expected sampling or production results, pricing and assumptions, projections concerning reserves and/ or resources in our mining operations; changes in contracted sales, the business of the Company may suffer as a result of uncertainty surrounding the coal market; the Company may be adversely affected by other economic, business, and/or competitive factors; the worldwide demand for coal; the price of coal; the price of alternative fuel sources; the supply of coal and other competitive factors; the costs to mine and transport coal; the ability to maintain existing mining leases and rights and the ability obtain new mining leases, rights and permits; governmental and regulatory and shareholder approvals, the costs of reclamation of previously mined properties; the risks of expanding coal mining activities and production; the ability to bring new mines on line on schedule; industry competition; the Company's ability to continue to execute its growth strategies; the Company's ability to secure and complete additional financing and debt restructuring; the Company's ability to complete planned acquisitions; and general economic conditions. You should not put undue reliance on any forward-looking information. We assume no obligation to update forward-looking information to reflect actual results, changes in assumptions or changes in other factors affecting forward looking information, except to the extent required by applicable securities laws. If we do update one or more forward-looking information, no inference should be drawn that we will make additional updates with respect to those or other forward-looking information. The company cautions readers that forward- looking statements, including without limitation those relating to the company's future operations and business prospects, are subject to certain risks and uncertainties that could cause actual results to differ materially from those indicated in the forward-looking statements.