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23.05.2008
Nortec Ventures Announces Completion of VTEM Geophysical Surveys, TL and Kingurutik Properties, Labrador


Nortec Ventures Announces Completion of VTEM Geophysical Surveys, TL and Kingurutik Properties, Labrador

VANCOUVER, BRITISH COLUMBIA--(Marketwire - May 21, 2008) - Nortec Ventures Corp. (TSX VENTURE:NVT), ("Nortec" or the "Company") is pleased to announce the completion of VTEM (Time Domain Electromagnetic) geophysical surveys on the TL Nickel - Copper - Cobalt property, located approximately 50 kilometres northwest of CVRD's Voiseys Bay Nickel - Copper mine. Approximately 600 line kilometres were flown covering the entire concession area. The VTEM surveys will assist in identifying any massive sulphide targets and the potential source of near surface mineralization intersected in the previous diamond drilling carried out on the property. Hole 54 drilled in 2005 returned significant values of 1.09% Nickel, 0.48% Copper and 0.03% Cobalt over a core width of 6 metres. Included in this is a 0.7 meter intersection assaying 2.19% nickel and 0.35% copper.

The Property consists of 219 contiguous claims, contained in four Exploration Licenses, covering 5475 hectares or 13529 acres. Nortec is earning a 51% interest by incurring exploration expenditures of $1.5 million by March 17, 2009 with an option to earn 100% interest from Vulcan Minerals Inc., a TSX Venture company based in St. John's, Newfoundland.

Previous exploration work identified two very strong and distinct coincident UTEM and gravity anomalies. One of the anomalies ("B" Anomaly) is proximal to several ultramafic pyroxenite outcrops. Drill holes to the east of the anomaly by the previous operator intersected nickel bearing ultramafic dykes (up to 2.1% nickel), which could be small intrusions from a larger nickel bearing body related to this anomaly.

Gravity and UTEM data for the other anomaly ("A" Anomaly), located in the northeast part of the property, also suggest that the source for the anomaly is from a large ultramafic intrusive body. One of the previous operator's drill holes intersected and bottomed in 80 metres of gabbro in the area of this anomaly.

Evaluation studies consisting of VTEM surveys were also carried out on the Kingurutik River property. A total of approximately 400 line kilometres were flown on the property. A Letter of Intent ("LOI") was signed with Vulcan Minerals Inc. to acquire 51% with an option to earn 100% interest in the Kingurutik River property located 10 kilometres west of the Teck Cominco/Benton Resources' Kingurutik Lake project, immediately west of Celtic Minerals' Kingurutik Property and 90 kilometres northwest of CVRD's Voiseys Bay Nickel - Copper - Cobalt mine. Details with regards to the LOI can be referred to in the Company's press release dated April 3, 2008.

The Kingurutik River property covers 234 claims (approximately 6070 hectares or 15,000 acres) of Nain Plutonic Suite of rocks. Work on part of the property by a previous operator included an airborne magnetic and frequency domain electromagnetic survey in the mid 1990's. That survey identified several co-incidental magnetic and electro-magnetic anomalies with individual anomalies up to 800 metres in length. None of these anomalies have been drill tested. Subsequent prospecting located extensive gossans within a mixed zone of Tasiuyak gneiss, monzonite, anorthosite and gabbro.

Numerous highly weathered gossanous samples assayed anomalous Nickel, Copper and Cobalt with assays up to 1100 ppm (parts per million) Copper and 770 ppm Nickel. Some of the prospective geophysical anomalies and gossans extended off the previous property boundaries and were therefore not followed up. The Kingurutik property now includes the extension of these anomalous trends and gossans. The VTEM surveys were designed to further target these gossan zones and the above mentioned geophysical anomalies.

The Company initiated a technical report authored by a Qualified Person in compliance with National Instrument 43-101 guidelines on the Kingurutik River Property as required by TSX Venture regulations.

Mohan R. Vulimiri, M.Sc, P.Geo., President, CEO and Director of Nortec, is the person responsible for initiating and guiding the work programs on the TL and Kingurutik properties. Mr. Vulimiri is the Qualified Person responsible for the contents of this press release. The Company will provide updates on receipt of interpreted results from the surveys. The surveys were carried out by Geotech Ltd., an airborne geophysical survey company based in Aurora, Ontario.

In other news, on May 13, 2008, Nortec received TSX Venture Exchange approval for the investor service agreement with MCM Media GmbH, an investor relations firm for small and medium-sized public companies, based in Schwyz, Switzerland. MCM Media will provide investor relations and advisory services to Nortec with the object of informing Nortec's exploration activities to European financial, retail and institutional investors.

About Nortec

Nortec is a mineral exploration and development company based in Vancouver, British Columbia. Information on Nortec's activities can be referred to on the Company's website, www.nortecventures.com. The Company is continuing to evaluate other potential acquisitions.

On behalf of the Board of Directors,

NORTEC VENTURES CORP.

Mohan R. Vulimiri, President & CEO

The statements made in this Press Release may contain certain forward-looking statements. Actual events or results may differ from the Company's expectations. Certain risk factors may also affect the actual results achieved by the Company.

There can be no assurance that forward-looking information will prove to be accurate. Should one or more of these risks and uncertainties materialize, or should underlying assumptions prove incorrect, actual results may vary materially from any conclusions, forecasts or projections described in the forward-looking information. Accordingly, readers are advised not to place undue reliance on forward-looking information. Except as required under applicable securities legislation, the Company undertakes no obligation to publicly update or revise forward-looking information, whether as a result of new information, future events or otherwise.

The TSX Venture Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of this release.

For more information, please contact
Nortec Ventures Corp.
Mohan R. Vulimiri
President & CEO
(604) 717-6426
(604) 717-6427 (FAX)
Website: www.nortecventures.com
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