Novadx Ventures Corp. announced that it has entered into a further agreement (the 'Restructuring Agreement') with Sandstorm Metals & Energy (US) Inc. ('Sandstorm') amending the terms of the proposed restructuring of the company's existing coal stream agreement. Under the revised terms, subject to the approval of the TSX Venture Exchange, Sandstorm has agreed to restructure and cancel the Company's previously disclosed coal streaming agreements, and to settle all outstanding amounts owed to Sandstorm by the Company, in addition to the transfer to the Company of all of Sandstorm's interest in 0955615 B.C. Ltd. ('Justice Co') in consideration of the company transferring a 100% interest in the company's subsidiary MCoal Corporation, which holds the inactive Rosa coal mine located in Blount County, Alabama.

The Company and Sandstorm jointly acquired Mine 12, the Turley Rail Load-Out, and the Smokey Junction Preparation Plant located in Campbell and Scott Counties, Tennessee through Justice Co, in consideration of a cash payment, the issuance of common shares of Sandstorm and a 5 year secured loan from National Coal LLC in the amount of $3.5 million, of which $3.2 million remains outstanding as at the date hereof. Upon completion of the Restructuring, Justice Co will be subsidiary of the Company. Conditions to the completion of the transactions contemplated under the Restructuring Agreement include Company granting Sandstorm a royalty of $2.00 per ton of coal produced and sold from the Company's existing Tennessee based Rex Property, subject to minimum annual royalty payments of $200,000.