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C O R P O R AT E P R E S E N TAT I O N

March 2012

TSX.V: NDX
V E N T U R E S C O R P.

US SYMBOL: NDXFF

FORWARD LOOKING STATEMENTS

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This presentations contains "forward-looking information" that includes information relating to future events and future financial and operating performance, including management's assessment of Novadxs and MCoals future outlook, potential financings, potential acquisitions and production. Specifically, this release contains forward-looking information related MCoal's operations, permits, properties and future development of assets, reserves or production. 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. Forward-looking information should not be read as a guarantee of future performance or results and will not necessarily be accurate indications of the times at, or by which, that performance or those results will be achieved. Forward-looking information is based on information available at the time it is made and/or management's good faith belief as of that time with respect to future events, and such information is subject to risks and uncertainties that could cause actual performance or results to differ materially from those expressed in or suggested by the forward-looking information. Important factors that could cause these differences include but are not limited to: pricing and assumptions and projections concerning reserves and/ or resources in our mining operations; changes in contracted sales, changes in production or operations the business of the Company may suffer as a result of uncertainty surrounding the coal market; the Company may be adversely affected by other economic, business, and/or competitive factors; the worldwide demand for coal; the price of coal; the price of alternative fuel sources; the supply of coal and other competitive factors; the costs to mine and transport coal; the ability to obtain new mining permits; the costs of reclamation of previously mined properties; the risks of expanding coal production; the ability to bring new mines on line on schedule; industry competition; the Company's ability to continue to execute its growth strategies; the Company's ability to secure additional financing; the Company's ability to complete planned acquisitions; and general economic conditions. You should not put undue reliance on any forward-looking information. We assume no obligation to update forward-looking information to reflect actual results, changes in assumptions or changes in other factors affecting forward looking information, except to the extent required by applicable securities laws. If we do update one or more forward-looking information, no inference should be drawn that we will make additional updates with respect to those or other forward-looking information.

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.

OVERVIEW

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High quality, high margin metallurgical coal producer in the US. Rosa Mine (AL) Producing ~10,000 tons per month fully contracted at $170-180 per ton (50% margin).

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Rex Mine (TN) Initial 20,000 tons per month slated ~4 months from receiving wash plant permits.

Projected combined production of 400k tons in 2013 from the existing 2 mines. (~$20M EBITDA). Financed by 25% coal stream sold to Sandstorm Metals & Energy (TSXV: SND) for a US $30 million upfront production payment.

MANAGEMENT

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100+ Years Experience in Coal Operations


Neil MacDonald (BASc.)
CEO & Director
18 years of experience in investment banking and involvement in numerous financings. Prior to forming Novadx he held senior positions with Raymond James Canada and Blackmont Capital Corp and has served on several public company boards and is a member of the TSX Venture Exchange local advisory committee.

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Gregory Saragas
Vice President, Finance
Previously held senior management positions with companies such as Massey Energy, Debra Lynn Coals, and Nystar. While at Debra Lynn Coals, Mr. Saragas managed day to day operations as Production Manager, later advancing to CFO, where he was instrumental in improving productivity and profitability. After leaving Debra Lynn Coals, Mr. Saragas accepted a position of Regional CFO with Massey Energy.

Robert Payne (BSc.)


Chief Operating Officer
Senior coal mining professional with over 25 years of coal mining, management and engineering experience in both underground and surface coal mine development, operations, production, safety and compliance.

Mark Mills
Mine Manager, Rex No. 1 Mine
30 years of mining experience in the central Appalachian coal fields. With a background in underground, highwall and surface mining his responsibilities have evolved from surveying, permitting, planning, mine management, general manager, to senior management giving him a wide range of experience in mine production, safety and compliance.

Valerie Helsing (CPA, CMA, BA)


Chief Financial Officer
20 years of public practice experience and broad experience in both Canadian and US accounting, audit, finance and regulatory matters. She has served in senior financial positions with several public companies in the mining and mineral exploration industries.

Randy Youngblood
Mine Manager, Rosa Mine
35 years of experience in coal mining in Alabama. Randy has held mine supervisory, coal sales and transportation management positions with several coal companies including King Coal, Cullman Coal and Reid Mining.

CORPORATE OVERVIEW

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SHARE STRUCTURE

1 YEAR CHART

As at December 31, 2011 Issued & Outstanding Warrants (average $0.24) Options (average $0.34) Convertible Debenture1 Fully Diluted Management Ownership TSX-V Listing Market Cap. (March 16, 2012)
1 Convertible

79,124,913 4,344,710 5,166,250 8,900,000 97,535,873 !13% NDX $17M

at $0.30. 10% per annum. Expires 2014

OUR LOCATIONS

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The Appalachian Basin is one of Americas leading Metallurgical Coal Regions

Rex Mine Rosa Mine

Source: US Geological Survey

ROSA MINE: ALABAMA

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Currently producing and selling ~120,000 tons per year Total resources support an estimated 10 year mine life Coal in demand by coking coal & activated carbon markets Rosa receives premium pricing at ~$175 per ton (50% margin) Coal is auger mined and processed by wash plant located at mine.

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Proven and probable 652,000 ton NI 43-101 compliant reserve being mined in Phase 1 of mine plan.1 Mine plan developed to increase production to 300,000 tons per year

Source: Sections 3.7 and 3.9 of the Technical Report on Phase 1 of Rosa Mine Coal Property by McGehee Engineering Corporation, March 18, 2010

REX MINE: TENNESSEE

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Fully permitted metallurgical coal mine stockpiling and selling raw coal Ramping to ~20,000 tons/month within 4 months of pending wash plant permits Total resources support an estimated 20+ year mine life Pending wash plant permits in final stages with the government Coal quality in demand by silicon metal markets and commands up to $190/ton

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NI43-101 proven and probable recoverable coal reserves of 11.3 million tons2 with an in-situ measured and indicated coal resource of 38.1 million tons. Ability to increase production to 720,000 tons per year

Source: Independent data verification and evaluation of Rex Coal seam at Rex Mine No. 1 conducted under the supervision of Mr. John Feddock, P.E. , Senior Vice President of Marshal Miller & Associates Inc. January 31, 2012
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COAL MARKET

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Novadx focuses its operations on high-grade hard coking coal for the metallurgical and specialty markets. Strong domestic growth forecasted in activated carbon and silicon metals market through 2020.

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Market includes silicon metal, aluminum, solar energy, special steels and semi-conductors.

Metallurgical and specialty markets command much higher prices and produce better margins than thermal coal. 70% of all global steel production is reliant on metallurgical coal as a key component of the manufacturing process.

PRODUCTION & EBITDA PROFILE

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Production (Thousand Tons)

EBITDA* (Millions $)

1200

$60

Rosa Mine
1000

Rex

Upside Case
$50

800

$40

600

$30

400

$20

200

$10

0 2012 2013 2014 2015 2016

$0

* Net of Sandstorm Payments

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MARKET COMPARABLES

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EV/2013e EBITDA
2.5 2
1.6x 2.0x 1.9x

MC/Total Resources ($/ton)


$1.20 $1.00 $0.96 $0.84 $0.99

1.8x
Industry Average

$0.93
Industry Average

1.5 1 0.5 0

$0.80 $0.60 $0.40 $0.20 $-

1.0x

$0.34

Cline Mining Corp.

Xinergy Ltd.

Corsa Coal Corp.

Novadx Ventures Inc.

Cline Mining Corp.

Xinergy Ltd.

Corsa Coal Ltd.

Novadx Ventures Inc.

Source: Jennings Coal Notes, March 5, 2012

Source: Jennings Coal Notes, March 5, 2012

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SUMMARY

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High quality, high margin domestic metallurgical coal producer Management team with 100+ years of coal operational experience Trading at 1.0x EV/2013e EBITDA, half of industry average Potential to increase production to 1Mtpa from both assets

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HEAD OFFICE
V E N Street 450 650 W. Georgia T U R E S PO Box 11599 Vancouver, BC V6B 4N8 C O R P.

INVESTOR RELATIONS
Kin Communications inc. 210 736 Granville Street Vancouver, BC V6Z 1G3 Tel: 604.684.6730 Fax: 1.866.684.6730 ir@kincommunications.com www. kincommunications.com
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Tel: 604.633.2776 Fax: 604.683.6564 info@novadx.com www.novadx.com

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APPENDIX

OUR PRODUCT

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Novadx focuses its operations on on high-grade hard coal for the metallurgical and specialty markets

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Carbon Energy Content of Coal Moisture Content of Coal


% of World Reserves Low Rank Coals 47% Hard Coal 53%

Lignite 17%

Sub-Bituminous 47%
Thermal Steam Coal

Bituminous 52%

Anthracite !1%

Largely power generation

Power generation, cement manufacture, & industrial uses

Manufacture of iron & steel

Silicon Metal Activated Carbon

Domestic / industrial including smokeless fuels

Source: World Coal Institute

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OUR MARKETS: METALLURGICAL COAL & STEEL

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Metallurgical Coal is vital for steel manufacturing

Did You Know?


70% of all global steel production is reliant on metallurgical coal as a key component of the manufacturing process. World crude steel production was 1.4 billion tonnes in 2010, which required 721 million tonnes of coking coal. Coal demand is expected to increase through 2020.

Source: World Coal Institute

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OUR MARKETS: METALLURGICAL COAL & STEEL

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Metallurgical coal vital for steel manufacturing


Global Production Of Steel And Coking Coal
1600 1400 1200 1000 800 600 400 200 0
1995 1997 1999 2001 2003 2005 2007 2009

2010 saw global production records for steel and demand for coking coal Largest coal users are China and Japan Australia and USA are the largest coking coal exporting nations followed by Canada

Steel

Coal

Source: World Coal Institute, Aperam

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OUR MARKETS: SILICON METAL/COAL MARKET

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Silicon metal is a premium metal requiring a rare type of coal


Annual Global Demand Of Silicon Metals (Mm Tons)
3.5 3.0

Exceptionally valuable coal required for producing silicon metals.


+65% per year

2.5 2.0 1.5 1.0 0.5 0.0 2009 2010 2011E 2025E

Specific high-carbon coals from limited reserves in Columbia, Virginia and Tennessee / Kentucky border. 1.6 tons of special grade coal required to produce 1 ton of silicon metal. Silicon metal, aluminum, solar energy, special steels and semi-conductors.

Source: North American Gem Inc. Coal Info

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OUR MARKETS: ACTIVATED CARBON/COAL MARKET Activated carbon (activated charcoal) has the strongest physical adsorption forces or the highest volume of adsorbing porosity of any material known to mankind.

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USES

ACTIVATED CARBON MARKET US is largest consumer of activated carbon products. Market growth lead by US forecasted 13% per annum due to more restrictive environmental legislations.

Water Treatment Medical & Pharmaceuticals Food & Beverages Air Purification

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