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FACTSHEET A NOV A DX C OM PA NY

CONFIDENTIAL NOT FOR PUBLIC


DISCLOSURE

MCoal Corporation is a Nevada based, wholly-owned subsidiary of Novadx Ventures Corp.


CORPORATE INFORMATION (TSX-V: NDX / OTC: NDXFF) focused on acquiring and operating high-value, specialty coal
projects in the Appalachian coal district of the United States. MCoal recently commenced
Share Information production at the Rosa Mine, a metallurgical coal mine located in Alabama currently selling
TSX Venture: NDX metallurgical coal at US$150 per ton.

Total Outstanding: 53 million shares Further acquisitions planned by MCoal include the operating Flatwoods Mine located in
Fully Diluted: 71 million shares Kentucky, currently producing 23,000 ton per month of a high quality stoker coal selling at an
Financial Year End: June 30 th
average price of US$89 per ton, the fully permitted and bonded Rex No. 1 Mine located in
Tennessee with 32.2 million tons 1 of measured and indicated and 27.6 million tons 1 of inferred
Directors and Officers resources of a coal suitable for the silicon metal market and, the Dade Project located in
Georgia with historic estimates of 172M tons 1 of coal in place. By consolidating these
Chairman: Stephen J. Wilkinson acquisitions MCoal’s near term goals are to:
President/CEO: Neil MacDonald
CFO: Valerie Helsing, CMA, BC Increase Production of specialty coal products from an
VP, Operations: Rowena Everett expected 175,000 tons in 2010 to 800,000 tons in 2011
Director: Kenneth Yurichuk and 1,000,000 tons in 2012;
Director: John King Burns
Director: Scott Ackerman Increase revenue from an expected $17 million in 2010
Director: Jeff Durno to $100 million in 2011 and $143 million in 2012; and
Director: Sargent H. Berner
Lawyers: Anfield Sujir Kennedy & Prove up 100 million tons of NI 43-101 compliant
Durno specialty coal resources by the end of 2011.
Transfer Agent: Computershare Trust
Company of Canada Continue evaluating and acting upon a pipeline of
Auditors: Devisser Gray LLP additional high quality coal acquisition opportunities
that complement the current portfolio of projects

CONTACT INFORMATION
Gavin McMillan
Corporate Development / Communications

Novadx Ventures Corporation


650 West Georgia Street,
Suite 450 – P.O. Box 11599
Vancouver, BC, Canada, V6B 4N8

Tel: +1 604 633 2776 Ext. 30


Fax: +1 604 683 6564
Web: www.novadx.com
Email : info@novadx.com

Footnote 1 : Unless indicated otherwise, no work has been done to classify the coal resources mentioned in this
fact sheet as a current resource estimate as defined in section 1.2 and section 1.3 of NI 43-101 and is treated as an
estimate only and therefore cannot be relied upon.

TSX-V : NDX Producing High Value Specialty Coals


FACTSHEET A NOV A DX C OM PA NY

CONFIDENTIAL NOT FOR PUBLIC


DISCLOSURE

CHARTS Rosa Mine (Alabam a) – wholly-owned producing mine


– commenced surfa ce production of metallurgical coal in April 19, 2010.
– 652,000 tons of proven 43-101 compliant reserves wi th an esti mated 8.2 million tons 1 of coal
in pla ce.
– Strong local demand by l ocal cus tomers i n the coking coal and a cti va ted ca rbon businesses
currentl y buying a t an a verage pri ce of US$150 per ton.
– expa nding production from 45,000 tons in 2010 to 140,000 tons in 2011 and 300,000 tons in
2012.
– constructing onsi te coal processing fa cility to increase quality control and reduce production
cos ts .
Rex No. 1 Mine (Tennessee) – LOI signed with Tiamce LLC
– full y permitted a nd bonded underground coal mine ready to commence production of hi gh
quality coal pri maril y for the silicon metal indus try.
– Sili con metal coal typi call y sells at $140 per ton
– 32.2 million tons 1 measured and indi ca ted and 27.6 million tons 1 inferred resources in pla ce .
– commencing production in Janua ry, 2011.
– expa nding production from 300,000 tons in 2011 to 500,000 tons in 2012.
Flatwoods Mine (Kentucky) –LOIs signed with Ikerd group of companies
Scotia bank Forecast – turnkey coal mine, producing and selling 23,000 tons month of hi gh quality industrial stoker
Patricia Mohr, June 2010 coal at an a vera ge selling pri ce of US$80 per ton.
– 3.35 million tons 1 of permi tted reserves plus an addi tional 3.78 million tons 1 of lease
controlled reserves in place with ongoing leasing of addi tional reserves .
– less than 8:1 stri p ra tion wi th low mining costs
MCoal Pro forma – expa nding production from 300,000 tons in 2010 to 420,000 tons in 2011.
– includes three addi tional permi tted and bonded coal mines wi th an aggregate 3.5 million
Financial Performance 1
tons in pla ce.
$180 Dade County (Georgia) – Optioned mineral rights
Millions

1
$160 – his tori cal resource of 172 million tons of metallurgi cal and thermal coal in coal four seams .
$140 – negotia ting 18 month option to a cqui re mineral ri ghts for $US5 million pa yable as to $US 2.1
$120 million in cash and the balance in sha res a t the current sha re pri ce when the option is
$100 exercised.
$80
– expl ora tion and delinea tion of 43-101 mineral resource by end of 2011.
$60

$40 PROPOSED FINANCING: Use of Proceeds


$20

$- Description Cash
2010 2011 2012 2013
Acquisition of Ikerd mining assets $16,000,000
(6 months) Acquisition of Tiacme LLC (Rex No. 1 Mi ne) $2,500,000
Rex No. 1 Mine development and s tart-up $10,000,000
Revenue EBITDA Dade Project option $75,000
Explora ti on of Dade Project $1,000,000
Net Income Rosa Wash Plant $3,000,000
Sub total $32,575,000
Working Ca pital $7,425,000
Total Funding Requirements $40,000,000

TSX-V : NDX Producing High Value Specialty Coals