June 23, 2009
Limited Partners Vote to Merge CSCRF and Faircourt Flow-Through Funds

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

Novadx Ventures Corp. (TSX-V: NDX) and Faircourt Asset Management Inc. announce that the Limited Partners of the Canadian Small Cap Resource Funds and the Faircourt/CSCRF Fund (together the "Funds") have approved the merger, which allows for the consolidation of the five Limited Partnerships into a single fund to be called the Faircourt Resource Fund Limited Partnership. The requisite quorum for each of the Limited Partnerships of the Canadian Small Cap Resource Funds and the Faircourt/CSCRF Fund was present at meetings held Friday, June 19, 2009 to vote on the merger of the Funds. 

The net asset value and consequent exchange ratio for the units of each fund will be calculated over the next two months with the merger having an effective date on or about June 29, 2009.

The five Limited Partnerships that will be merged into the Faircourt Resource Fund Limited Partnership are;

• Canadian Small Cap Resource Fund 2006 No. 1 Limited Partnership
• Canadian Small Cap Resource Fund 2006 No. 2 Limited Partnership
• Canadian Small Cap Resource Fund 2007 No. 1 Limited Partnership
• Canadian Small Cap Resource Fund 2007 No. 2 Limited Partnership
• Faircourt CSCRF 2008 No. 1 Limited Partnership

The Faircourt Resource Fund will be managed by Faircourt Asset Management Inc. The Lead Portfolio Manager at Faircourt is Douglas Waterson. In addition to his duties in the Fund, Mr. Waterson is also the Lead Portfolio Manager for Faircourt Gold Income Corp. (FGX), a TSX listed closed-end fund that has leading performance in the precious metals equity sector since inception of the FGX in November 2007.

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 further information, please contact Charles Taerk, President, or Douglas Waterson, CFO, Faircourt Asset Management Inc at 416-364-8989 or 1-800-831-0304 or contact Rick Peterson, President, Peterson Capital 604-684-2883  This e-mail address is being protected from spambots. You need JavaScript enabled to view it