MCoal Future Plans

This presentation includes certain statements that constitute “forward-looking statements” within the meaning of Section 27A of the United States Securities Act of 1933 and Section 21E of the United Sates Securities Exchange Act of 1934.

Introduction

Novadx Ventures Corp, TSX Venture Exchange (Symbol “NDX”) is a coal focused merchant banking company based in Vancouver, BC, Canada.
MCoal Corporation is a Nevada company and a wholly-owned subsidiary of Novadx Ventures Corp:
Mcoal was established to acquire and develop metallurgical and specialty coal projects in the United States.
MCoal’s first project is the Rosa Coal metallurgical coal mine located in Northern Alabama.
MCoal is now seeking $3 million in project debt financing for the Rosa Coal mine.
MCoal has developed a pipeline of a number of accretive property acquisitions:

MCoal’s Growth Story

The Rosa Coal mine and team becomes the platform for future acquisitions.
Acquisitions will focus on metallurgical and specialty coals in the Appalachians.
The Rosa Coal mine showcases MCoal’s team’s operational and engineering capability.
As a permitted producer, MCoal becomes a very credible consolidator “buyer” of the other targeted properties.
MCoal intends to increase production to 2+ million tons per year through strategic acquisition of 100 million tons of metallurgical coal reserves in the next 3 years.
The first small acquisition is under negotiation, is partially permitted and can be contract mined at a rate of 200,000 tons per year by end of calendar 2010.
A second potential acquisition with 20 million tons of reserves and 250,000 tons per year of current production is at an advanced stage of evaluation but will require additional capital (~ $30 million) to complete.

Next Milestones

Close the Rosa Coal Mine project debt financing (CDN$ 3 Million).
Close first acquisition and open 2nd mine in fall 2010.
Achieve aggregate production of 330,000 tons/year by Dec 2010.
Permit Phase 2 by Dec 2011.
adding 150,000 tons of annual production at Rosa.
Get commitments for $25-50 million in financing to fund the acquisition program.
ontinue evaluating new acquisition opportunities.

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Mine Plan and Estimated Resources

MCoal’s plan is to mine over 4 million tons of recoverable coal from the Rosa Coal deposit over 12 years in 3 phases as follows:

Estimated In-Situ Resources (Nov 13, 2009)
Phase	1	2		3	Total
Mining Method	Auger	Auger	Strip	UG/Trench
Measured	1,106,972	450,257	43,278	1,207,836	2,808,343
Indicated		450,977	63,606	2,904,387	3,418,970
Inferred		261,287	2,677	1,780,262	2,044,226
Total tons in situ	1,106,972	1,162,521	109,561	5,892,485	8,271,539
% Recovery	58.5%	58.5%	85%	51%	53.5%
Recoverable tons	647,579	680,075	93,127	3,005,167	4,425,948

Estimated Recoverable Reserves (Nov 13, 2009)
Phase	1	2		3	Total
Mining Method	Auger	Auger	Strip	UG/Trench
Proven	647,579	277,957	22,257	615,997	1,563,790
Probable		305,387	12,500	1,481,237	1,799,124
Total	647,579	583,344	34,757	2,097,234	3,362,914

Note: this estimate was compiled for MCoal by McGehee Engineering and has not been published in a 43-101 compliant report

Permitting

MCoal has been granted all necessary permits required to commence Phase 1 of its Rosa Coal mine plan. These permits include its ASMC mining license, ADEM NPDES permit, Army Corps of Engineers permit, MSHA registration and the ASMC mine permit.
MCoal plans to commence Phase 1 Rosa coal production by auger mining in March 2010.
MCoal will begin permitting its Phase 2 mine plan in the spring of 2010 and Phase 3 mine plan in the fall of 2011.