Mr. Rene Branchaud reports

NOVX21 ISSUES A CORPORATE UPDATE

NOVX21 Inc. has provided the following corporate update.

Resignations

Given the limited financial resources of the corporation, most of the directors and officers of the corporation have resigned. Rene Branchaud remains as secretary and only director for a transitional period.

Private placement

The corporation is pursuing its efforts to raise sufficient capital to restart its operations at the St-Augustin-de-Desmaures plant. The corporation has now raised $106,750 by the issuance of 2,135,000 units. Each unit, at five cents, comprises one common share and one common share purchase warrant of the corporation. Each warrant allows its holder to purchase one common share at a price of six cents for a period of 12 months following the closing date of the private placement.

The securities issued under the private placement are subject to a four-month hold period. No finders' fees were paid for this private placement.

The proceeds from this placement will be used for working capital.

Activities

The corporation is in discussion with several groups of investors and explores a full range of alternatives.

Trading on TSX Venture Exchange

Trading on the corporation's common shares on the TSX Venture Exchange has been halted pending issuance of this press release. Trading will resume when the corporation will meet the requirements of the exchange, including the requirement to have a board of directors of at least three members.