Communicators

Nortec Ventures Corp. arranges Private Placement

Vancouver, B.C., July 7, 2008: Nortec Ventures Corp. (“Nortec” or the “Company”)
(TSX-V: NVT) is pleased to announce that it has entered into an agreement with PI
Financial Corp. (the “Agent”), for a brokered private placement on a commercially
reasonable efforts basis, of up to 6,000,000 units (the “Units”) at a price of $0.27 per
Unit (the “Offering”), to raise total gross proceeds of up to $1,620,000. Each Unit will
consist of one common share of the Company (a “Share”) and one half of one
transferable common share purchase warrant (a “Warrant”). Each whole Warrant will
be exercisable to acquire one additional Share for a period of 18 months from the
closing of the Offering at an exercise price of $0.45. In addition, the Company has
granted to the Agent an over-allotment option whereby the Agent may place up to an
additional 1,200,000 Units.

As consideration for acting as agent, the Agent will receive a commission equal to
7.0% of the gross proceeds of the Offering, payable in cash or Units at the election of
the Agents. In addition, the Agent will receive compensation options (the
“Compensation Options”) equal in number to 7.0% of the total number of Units sold
under the Offering. Each Compensation Option will entitle the Agent to purchase one
common share of the Company at a price of $0.30 for a period of 18 months following
the closing of the Offering. All securities issued in the Offering will have a hold period
in Canada of four months from the closing of the Offering.

The net proceeds from the Offering will be used to continue the Company’s planned
10,000 meter drill program on its Kaukua Platinum - Palladium - Gold (PGE + Au) -
Nickel Copper project in Northeastern Finland, continued exploration on the Kingurutik
River and TL Nickel - Copper - Cobalt projects in Labrador and for general working
capital purposes.

The Offering is subject to completion of satisfactory due diligence by the Agent with
respect to the Company, completion and execution of appropriate documentation,
acceptance for filing by the TSX Venture Exchange of the Offering on behalf of the
Company and receipt of any required regulatory approvals.

About Nortec Ventures Corp.

Nortec Ventures Corp. is a Canadian public mineral exploration company focused on
the exploration and development of the Kaukua Platinum - Palladium - Gold (PGE +Au) - Nickel and Copper project located in Finland, the Kingurutik and TL Nickel-
Copper-Cobalt projects in Labrador, Canada and the Ganarin and Condorcocha
projects in Ecuador. The Company has a very experienced mineral exploration and
management team with the combined expertise to successfully advance the
exploration and development of both precious and base metal projects.

On behalf of the Board of Directors,

NORTEC VENTURES CORP.
“Mohan R. Vulimiri”
Mohan R. Vulimiri, President & CEO

For further information, please contact Nortec via telephone at 604 717-6426 or by
email at info@nortecventures.com.

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

This press release does not constitute an offer to sell, or a solicitation of an offer to sell, any of
the foregoing securities in the United States. None of the foregoing securities have been and,
nor will they be, registered under the United States Securities Act of 1933, as amended (the
“U.S. Securities Act”) or any state securities laws and may not be offered or sold within the
United States or to U.S. Persons unless registered under the U.S. Securities Act and
applicable state securities laws or an exemption from such registration is available.

This press release contains certain forward looking statements which involve known and
unknown risks, delays and uncertainties not under the Company’s control which may cause
actual results, performances or achievements of the Company to be materially different from
the results, performances or expectations implied by these forward looking statements.