Nordex Explosives Ltd. Adopts Shareholder Rights Plan

NORDEX EXPLOSIVES LTD. (TSX VENTURE:NXX) ("Nordex" or the "Company") announces
that its Board of Directors (the "Board") approved the adoption of a shareholder
right plan (the "Plan") dated May 24, 2013. The purpose of the Plan is to
provide both shareholders and the Board sufficient time to adequately consider a
take-over bid and to allow for competing and alternative proposals to emerge
during the period between the announcement of the proposed take-over bid and the
period of review allowed within the Plan. The Plan is similar to those adopted
by other Canadian public companies, and Nordex is currently unaware of any party
contemplating or preparing a proposal to acquire control of the Company.


At the close of business on May 24, 2013, existing shareholders of the Company
were granted Rights to acquire additional common shares. The Rights were granted
for no cash. These Rights are attached to each share as long as the Plan remains
in effect. Each subsequent shareholder who invests in the Company's common
shares will also be entitled to the Rights for no consideration.


The value of these Rights are that they allow shareholders, other than the
take-over bidder, to purchase, at the Exercise Price one common share of the
Company for each common share held. This Right is triggered only if a party
attempts to acquire 20% or more of the outstanding shares of the Company and
this proposed acquisition does not meet the Permitted Bid requirements set forth
within the Plan. Under the Plan, bids that meet certain requirements intended to
protect the interests of all Shareholders are deemed to be Permitted Bids.
Permitted Bids must remain open for 90 days and must be made by way of a
take-over bid circular prepared in compliance with applicable securities laws.


The Board's approval of the Plan is subject to the TSX Venture Exchange's
acceptance and will remain in place for six months. It is the Company's
intention to seek approval of the Plan from the shareholders at the next Annual
and Special meeting of shareholders to be held on June 27, 2013. 


All capitalized terms within this press release without definition have the
meanings attributed to them in the Plan. The shareholder rights plan will be
available on SEDAR shortly for those shareholders who wish to view the document
in its entirety.


ABOUT NORDEX EXPLOSIVES: LES EXPLOSIFS NORDEX LTEE./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 Johnex 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 the
Third Quarter 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.


FOR FURTHER INFORMATION PLEASE CONTACT: 
Nordex Explosives Ltd.
Jim Taylor
Chief Executive Officer
705-642-3265 #4
jtaylor@nordexexplosives.com
www.nordexexplosives.com
Nordex Explosives Ltd. (TSXV:NXX)
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