Novadx Extends Terms of Warrants

Novadx Extends Terms of Warrants

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

NovaDX Ventures Corp. (TSX-V: NDX) announces that, subject to regulatory approval, NovaDX has agreed to extend the exercise term of a total of 5,323,627 share purchase warrants which were issued in its private placement which closed May 29, 2007.

In accordance with TSX-Venture policies, the Company intends to extend the exercise term of the above warrants for an additional one year, from an expiry date of May 27, 2009 to an expiry date of 4:30pm PST on May 27, 2010 (the "Extended Expiry Date"). The exercise price of these warrants will remain at $.55 per share.

About Novadx:

Novadx is a Vancouver-based investment firm whose primary focus is on providing merchant banking and other business advisory services to micro-cap natural resource issuers, a largely overlooked but important sector of the equity markets. NovaDX's business plan involves seeking out investment opportunities in companies that have quality management and projects that demonstrate an above average opportunity for new resource discoveries. NovaDX works closely with management of these companies with the objective of mitigating risk and enhancing the value of its investments. NovaDX intends to pursue opportunities in North America and abroad. NovaDX seeks a return on its investments supplemented with revenue from investment banking, investment fund administration and advisory services. 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

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.

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 please contact Neil MacDonald at 604-633-2776 or send us an email at This e-mail address is being protected from spambots. You need JavaScript enabled to view it .