Singapore, 4 November 2009 

Navitas Resources Pte Ltd, an independent emerging markets developer, launched NR-X,  (www.nr-x.com), its physical commodity exchange platform, on 4 November 2009 at the annual Asia Pacific Petroleum Conference (APPEC) in Singapore. 

The first market to be included on the electronic platform will be  marine fuels. Consumers will be able to tender for quotes at different  shipping ports and for different marine fuel products, while suppliers will be able to place offers in the market 24hrs a day 7 days a week for fuel at their facilities.

Companies can sign up now for access to the system at www.nr-x.com

Francesca Zerenghi, Joint Chief Executive of NR, said, "We are very excited to launch NR-X the platform which will help us support the development of emerging forward markets in various physical commodities. We decided to launch the platform with Marine Fuels due to the fact that in the current tough credit climate of today and the economic situation, it is very important for shipping companies to be able to protect themselves from the rising price of oil. Not all shipping companies have access to, or wish to use financial derivative contracts in Fuel markets such as Swaps and Options to protect their price exposure to Oil prices. NR-X aims to assist in the development of the forward physical bunker market so that Shipping firms can have the opportunity to place forward tenders to lock in both the physical supply and the future price of their bunkers with suppliers.?

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www.nr-x.com