NovaDx Ventures Corp. announced that Mr. Neil MacDonald has resigned as a director and executive vice president of the company. Mr. MacDonald was the founder of Novadx, has been a director of the company for over 6 years during which time the company transitioned its investment focus from mining exploration to coal production.

Mr. MacDonald agreed to resign his position with the company in support of ongoing efforts to reduce costs while the company completes its proposed financing previously announced September 21, 2012 and October 12, 2012.