For Immediate Release

Novadx Closes First Tranche of Non-brokered Private Placement

Novadx Ventures Corp, President & CEO, Neil MacDonald, reports:

(Vancouver, BC, December 15, 2009) Novadx Ventures Corp (“Novadx”) - TSX-V: NDX announces that it has closed on 1,250,000 units of a non-brokered private placement of the Company that was previously announced on December 2, 2009, at a price of $0.20 per unit, for gross proceeds of $250,000.  Each unit consists of one common share and one-half of one non-transferable share purchase warrant. Each whole warrant entitles the holder to acquire one additional common share at an exercise price of $0.25 per share for a period of 12 months from the date of closing.  Insiders of the Company subscribed for a total of 1,000,000 units.

The proceeds of the private placement will be used for general working capital. The common shares forming part of the units, as well as any common shares issued upon exercise of the warrants, are subject to a hold period of four months and one day from the date of issuance.

The Company’s CEO, Neil MacDonald of Vancouver, BC has subscribed for 1,000,000 units of the private placement. Mr. MacDonald now owns or controls an aggregate of 5,229,009 common shares representing 14.03% of the Company's outstanding capital (13.57% assuming the completion of the entire proposed private placement of up to 2,500,000 units).  Mr. MacDonald also acquired personally, 500,000 share purchase warrants forming part of the units.  Assuming the exercise of all warrants owned or controlled by Mr. MacDonald upon closing of this tranche of the private placement, Mr. MacDonald would then own or control an aggregate of 8,233,609 common shares, representing 20.44% of the Company's outstanding capital (19.83 % assuming the completion of the entire proposed private placement of up to 2,500,000 units).

Novadx is advised that the securities were acquired by Mr. MacDonald for investment purposes. While he does not currently have any intention to acquire further securities of the Company, Mr. MacDonald may in the future acquire or dispose of securities of Novadx, through the market or otherwise, as circumstances or market conditions warrant.

About Novadx: Novadx is a Vancouver-based Investment Company whose primary focus is on providing merchant banking services to natural resource companies. Novadx  structures and makes direct equity investments  as a principal and provides management and other related services to companies in specific resource sectors, such as MCoal Corporation, a subsidiary company that has obtained all necessary operating permits and is now opening a metallurgical coal mine in the State of Alabama, USA. For more information please visit www.novadx.com.

This press release is not for distribution in the United States or over United States wire services.

ON BEHALF OF THE BOARD

Neil MacDonald

President and CEO and Director

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.

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. 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.

For more information about Novadx Ventures Corp. please contact:

Neil MacDonald, President and CEO

(604) 633-2776

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Robin Bjorklund, or

Griff Jones

Investor Relations

OceanPoint Advisors Inc.

(604) 682-7339

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