Nordex Explosives Announces Record Q1 Revenues and Record Q1 Net Profits

NORDEX EXPLOSIVES LTD. (TSX VENTURE:NXX) ("Nordex") has released its unaudited
financial statements for the first quarter of 2013 and is pleased to announce
its highest Q1 sales revenues and highest Q1 net profit in the 42 year history
of the Company. 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 first quarter include:

Total revenues for the period were $3,526,804, an increase of $260,202, or 8%,
over same period revenues of $3,266,602. The increase in Q1 (typically the
slowest quarter of the year) demonstrates the 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 increase was
also achieved in spite of unusually harsh weather conditions experienced this
past winter.


The percentage of revenues from non-mining related customers continues to
increase and this trend is expected to continue throughout 2013.


Gross profit for the period was $728,071, an increase of $94,773, or 15%, over
the same period gross profit of $633,298 in Q1 2012.


Net income after tax for the period was $122,337, an increase of $9,029 over the
same period net income after tax of $113,308 in Q1 2012.


Jim Taylor, President & CEO, stated, "This is our 5th successive period of
"quarter over quarter" increases in revenue and profitability at Nordex. We will
continue to implement our growth strategies and expect reductions in our
manufacturing costs through economies of scale as a result of anticipated
continued increases in sales volumes in 2013. In addition, Nordex expects to
further introduce and promote its new proprietary lines of higher margin
specialty products in the second half of the year. Our recent success is a
direct result of the ongoing contributions and guidance provided by an
experienced professional Board of Directors and the efforts of our valued
employees and management team." 


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.


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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