KIRKLAND LAKE, ONTARIO--(Marketwired - Aug 27, 2015) - NORDEX EXPLOSIVES LTD. ("Nordex" or the "Corporation") (TSX VENTURE:NXX) is pleased to announce it has entered into an unsecured loan agreement (the "Loan") with NIL Funding Corporation ("NIL"), an affiliate of The Article 6 Marital Trust (the "Marital Trust") created under the First Amended and Restated Jerry Zucker Revocable Trust dated 4-2-07, effective August 26, 2015. NIL is, by virtue of being an affiliate of the Marital Trust, an insider of Nordex as it currently holds approximately 14.34% of the outstanding securities of Nordex.

The Loan is in the principal amount of Cdn$2,000,000, it matures on August 26, 2017 (the "Maturity Date") and pays interest at the rate of 15% per annum. Nordex must make monthly principal payments of $40,000, plus accrued interest, beginning October 1, 2015. All then-outstanding principal and accrued but unpaid interest will be due and payable on the Maturity Date. Nordex will pay an origination fee of $40,000 to NIL in connection with the Loan, and has covenanted not to incur additional indebtedness, other than pursuant to existing credit facilities, without prior approval. Nordex has the right to prepay all or any part of the Loan before the Maturity Date at any time without penalty.

The Corporation and NIL will not proceed with the convertible debenture financing announced by the Corporation on July 13, 2015, and have entered into the Loan agreement in replacement thereof. The Corporation intends to use the net proceeds of the Loan for repayment of existing debt including repayment of $1,000,000 plus accrued interest advanced to Nordex by NIL on May 14, 2015 and for working capital.

About Nordex Explosives

Nordex Explosives Ltd. is a Canadian based manufacturer and distributor of explosives for the mining, quarry and 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 "Buttbuster" perimeter control explosive products in Canada. Additional information can be found at: www.nordexexplosives.com.

Forward-Looking Statements

Certain information included herein may contain "forward‐looking statements" which reflect the current expectations of management of the Corporation regarding the Private Placement. 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 Corporation. Forward‐looking statements involve significant risks, uncertainties and assumptions. Many factors could cause the Corporation'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 the risks identified in the "Risk Factors" contained in the Corporation's Management Discussion and Analysis 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 Corporation 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 Corporation 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.

Neither the TSX Venture nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture) accepts responsibility for the adequacy or accuracy of this release.