Nortec (TSX VENTURE: NVT)-Project Acquisition Update

Nortec Ventures Corp. (TSX VENTURE:NVT), ("Nortec" or the "Company"), is pleased to provide an update on the company's recent project acquisitions.

On the back of recent announcements made by Nortec over the last 5 weeks, the Company is preparing its proposed work programmes on each of its newly acquired projects. Primary focus will be on the assessment and appraisal of the highly prospective Seinajoki Gold-Antimony Project ("Seinajoki" or "Seinajoki Project") and the Kaatiala Rare Earth Elements-Tin-Beryllium-Lithium ("REE-Sn-Be-Li") Project ("Kaatiala" or "Kaatiala Project"). Both projects are part of a Memorandum of Understanding ("MOU") signed on September 18, 2009 with Akkerman Exploration B.V. ("Akkerman") for the right to earn an undivided 100% interest in the Properties. On October 14, 2009, the MOU was approved by the TSX Venture Exchange.

Nortec President and CEO, Mr Mohan R. Vulimiri was in Finland last week for scheduled meetings and site visits. Among them, he met with Jan Akkerman (Managing Director of Akkerman Exploration B.V) to visit the Seinajoki and Kaatiala Projects. Both Mr Akkerman and Mr Vulimiri have significant experience in Scandinavia, exploring for the various styles and types of mineralisation already identified at Seinajoki and Kaatiala. One of the reasons that Nortec has optioned into these projects is Mr Akkerman's experience in exploration and mining for 30 years and his ability to identify under-explored districts with the potential to host significant mineralisation. This stems from Mr Akkerman's former position in senior management with Billiton International Metals where he managed exploration, project development and mining operations in 14 countries covering a wide range of precious and base metal deposit types.

Mr. Akkerman has commented that: "The Seinajoki district contains all the necessary geological conditions necessary to form gold deposits of economic size and grade. Amongst these favourable conditions are intensive S-type magmatic activity and the presence of a major shear zone passing through the property over a distance of 20km."

One of the main objectives for Mr Vulimiri whilst on site was to determine which style of mineralization and which part of the Seinajoki district will most likely produce "bonanza" gold grades once drilled. With over 35 years in the field of economic geology with emphasis on structural control and modes of occurrence for all types of mineral deposits around the world, Mr Vulimiri has already recognized geological, petrological and mineralogical similarities between the Bothnian Basin and the Alaska-Yukon's Tintina gold belt which hosts among others the well-known Fort Knox gold mine, the Pogo gold mine, and the recently discovered Underworld Resources' Golden Saddle zone.

For over 30 years, the exploration work carried out by the Geological Survey of Finland ("GTK") on the Pohjanmaa Gold-Antimony Belt (that covers the Seinajoki and Kaatiala Projects) has been of a high quality and proved to be beneficial in the rapid technical and geological appraisal of the Company's projects. Most of the GTK drill core is preserved and stored at their Loppi Facility, northwest of Helsinki. The Company has been able to send their Project Geologist several times to Loppi to carry out a relogging programme and, if required, resampling of the core to confirm mineralisation in style and grade.

Mr Vulimiri and Mr Akkerman have already recognized, from the site visit, and supported by GTK literature, that the Seinajoki and Kaatiala Project areas host several styles of mineralisation including:-

- Native GOLD in dacitic to rhyodacitic metavolcanic rocks and graphitic schists, associated with native antimony, minor arsenopyrite and pyrrhotite.

- Disseminated stratabound antimony-gold mineralization associated with shear zones in metasediments.

- Native GOLD in quartz-tourmaline veins in metavolcanic rocks.

- Antimony mineralization in pegmatites and metavolcanic rocks, and

- Tin, tungsten, lithium, tantalum, beryllium, niobium and other REE mineralization in pegmatites

Nortec has already begun to stake claims within the 10,000 hectare claim reservation over the Seinajoki Project. The proposed claims will cover the strike and trend extensions of the target zones located by the GTK including gold anomalies from the geochemical till sampling programme. The Marttalanniemi and Ylijoki target zones have significant gold mineralization that was discovered by the GTK. Mr Vulimiri and Mr Akkerman were shown some of the boulders and outcrops sampled by a local prospector at Marrtalanniemi. Samples from one outcrop returned over 60g/t gold and boulders returned values greater than 200g/t gold. The GTK also reported 0.6m @ 82.2g/t gold from one of the shallow holes (28 metres) at Marrtalanniemi, suggesting surface and near-surface high grade mineralisation exists within the Project area. Mr Vulimiri along with Mr Akkerman also spent a couple of days last week in discussions with the GTK geologists and also reviewing the core from the Marrtalanniemi and Sikikangas prospects within the Seinajoki Project.

Mr Vulimiri commented saying: "I am excited at the prospect of exploring for gold, lithium and rare earths in over 10,000 hectares of under-explored ground in western Finland. The opportunity to make a significant gold discovery at Seinajoki, along with large zones of pegmatite-hosted lithium and rare earth mineralisation are very high."

Fifteen kilometres to the east of the Seinajoki Project, the Kaatiala Project is one of Finland's most prospective pegmatite-hosted REE-Sn-Be-Li areas, with historical production of 18 tonnes of beryl, 5 tonnes of columbite (tantalum) and 190,000 tonnes of feldspar. Pegmatites form a very large part of the gold district known as Pohjanmaa Gold-Antimony Belt dominated by metasedimentary rocks of Precambrian age. This belt is part of the Bothnian basin and is situated along the northern margin of a Paleo-proterozoic micro-plate. The metasedimentary rocks are intercalated with metavolcanic rocks and have been transformed locally to migmatites, quartz-mica schists and/or intruded by calc-alkaline "S-type" two-mica granites syn-contemporaneously with the very favourable lithium-caesium-tantalum pegmatites. According to the GTK, the Kaatiala pegmatite is considered to be one of the richest in rare minerals such as columbite (tantalum and niobium), cassiterite (tin) and lepidolite (lithium) in Finland.

With the demand for lithium increasing, Nortec will also continue to consolidate the Tammela Lithium-Tin-Tantalum ("Li-Sn-Ta") Project ("Tammela Project") and assess the spodumene-hosted lithium potential in the pegmatite dyke swarms within the Somera-Tammela region in south-west Finland. The Geological Survey of Finland ("GTK") has already delineated a historic resource of 400,000tonnes @ 1.5% Li₂O, and the potential is open along strike and at depth.

Mr Vulimiri also stated: "There is also a welcome opportunity to delineate a large pegmatite-hosted REE deposit whereby demand for tantalum, niobium and caesium continue to increase on the back of technological advances in electronics and the metal alloy industry. The associated potential of significant Lithium and REE mineralization both within the Seinajoki-Kaatiala area and in the Company's 100% Tammela Project in the southwest of Finland, where there is a known historical resource, really adds quality to Nortec's group of assets in Finland. "

The Company will continue to evaluate the existing GTK datasets and begin a programme of relogging and re-sampling of the core from the Seinajoki, Kaatiala and Tammela Projects next month. This programme, along with surface geochemical surveys, will help better identify the types and styles of mineralization and further confirm and prioritize the proposed drill targets. Discussions are ongoing this week with various parties that may lead to more applications for claims and/or claim reservations throughout Finland.

About Nortec
Ian F. Laurent MSc.(EconGeol) MAIG RPGeo, Executive Vice President for Nortec, is the Qualified Person responsible for the contents of this press release.

Nortec is a mineral exploration and development company based in Vancouver, British Columbia. The Company has a 100% interest in the LK Palladium-Platinum-Gold-Copper-Nickel Project (formerly the combined Kaukua-Haukiaho Projects) in north central Finland; a 100% interest in the Tammela Lithium-Tin-Tantalum Project in south west Finland; an option to earn 100% interest in the Seinajoki-Kaatiala Gold-Antimony-REE Property in western Finland; and also, a minimum 51% interest with an option to earn 90% interest in the TL Nickel-Copper-Cobalt Property in Northern Labrador, Canada. The Company is continuing to evaluate other potential acquisitions. Prospective shareholders and investors are invited to refer to information on the Company's website, [ www.nortecventures.com ]. For further information please call the Company at 1-866-658-1261 and/or Renmark Financial Communications.

On behalf of the Board of Directors,

NORTEC VENTURES CORP.

Ian F. Laurent, Executive Vice President

The statements made in this Press Release may contain certain forward-looking statements. Actual events and/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.

This news release does not constitute an offer to sell or a solicitation of an offer to buy any of the securities in the United States

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

Contributing Sources

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Nortec (TSX VENTURE: NVT)-Project Acquisition Update