Vancouver, B.C., November 6, 2012: Nortec Minerals Corp. (TSX-V: NVT), ("Nortec" or the "Company") announces that in compliance with National Instrument 43-101 Standards of Disclosure for Mineral Projects, all non-compliant disclosure of historical resource estimates and forward looking statements regarding resource estimates have been removed from the Company’s website and corporate fact sheet.
Nortec is in the process of modifying its Fact Sheets and Presentations to comply with 43-101 regulations. As such, these materials will no longer be present on Nortec’s website until the documents meet NI 43-101 guidelines.
Nortec will be removing certain entries relating to the Seinajoki, Tammela and Kaatiala Project, as these do not meet the standards necessary. The Corporate Fact Sheet for Seinajoki did not meet section 2.3(1), regarding cautionary language. The Kaatiala Presentation, also did not meet the standards of this section.
The Corporate Presentation and project website for Tammela did not meet section 2.4, as both improperly disclosed Historical Estimates without providing the proper cautionary language.
Furthermore, Nortec did not clearly designate the Qualified Person who approved or prepared the technical information that is being disclosed on the corporate website. In the future, Nortec will ensure that all technical information meets National Instrument 43-101 requirements.
Mohan Vulimiri, M.Sc., P .Geo. is the Qualified Person responsible for the contents of this press release.
About Nortec Minerals Corp.
Nortec is a mineral exploration and development company based in Vancouver, British Columbia. The Company has a 100% interest in the Tammela Gold & Lithium Project in S outh-West Finland; an option to earn from Akkerman Exploration B.V., a 100% interest in the Seinäjoki Gold Property and Kaatiala Beryllium-Rare Earth Property in Western Finland; an undivided 80% interest in the Karhujupukka Property in Northern Finland. The Company has a minimum 51% interest with an option to earn 100% interest in the TL Nickel-Copper-Cobalt Property in Northern Labrador, Canada; and, an option to acquire 51% interest in the Ganarin Gold-Silver Property, Ecuador.
Information on the Company’s projects can be referred to on www.nortecminerals.com. NORTEC MINERALS CORP .
TSX-V: NVT / FSE: WMQ / OTC-PK: NMNZF
Suite 875, Box 208, 555 Burrard Street
Vancouver BC V7X 1M8, Canada Phone: +1 604-717-6426 Fax: +1 604-683-9649 NORTEC MINERALS Oy c/o Simo Salonen Oy Teknologiantie 2 90590 Oulu Finland Phone: +358 40-169-5599 NORTEC ECUADOR S.A.
Av. Florencia Astudillo y Alfonso Cordero
Edif. Cámara de Industrias
5to piso - oficina #503 Cuenca, Ecuador Phone : +593 7-288-1514
The Company is well-financed for exploring the Seinajoki, Tammela and Kahujupukka projects. All three projects have excellent potential with good infrastructure and access.
On behalf of the Board of Directors, NORTEC MINERALS CORP.
“Mohan R. Vulimiri” Mohan R. Vulimiri, CEO and Chairman 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 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. 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.
NORTEC MINERALS CORP .
TSX-V: NVT / FSE: WMQ / OTC-PK: NMNZF
Suite 875, Box 208, 555 Burrard Street
Vancouver BC V7X 1M8, Canada Phone: +1 604-717-6426 Fax: +1 604-683-9649 NORTEC MINERALS Oy c/o Simo Salonen Oy Teknologiantie 2 90590 Oulu Finland Phone: +358 40-169-5599 NORTEC ECUADOR S.A.
Av. Florencia Astudillo y Alfonso Cordero
Edif. Cámara de Industrias
5to piso - oficina #503 Cuenca, Ecuador Phone : +593 7-288-1514