Nortec Minerals announces the Closing of the First Tranche of the Private Placement

NORTEC MINERALS CORP .

TSX-V: NVT / FSE: WMQ / OTC-PK: NMNZF

Suite 2000, 1066 West Hastings Street

Vancouver BC V6E 3X4, Canada

Phone: +1 604-717-6426

Tammela Minerals Oy

c/o Kalliolaw Asianajotoimisto Oy

Eteläranta 12,

FI-00130 Helsinki, Finland

Phone: +358 9 6812 930

Nortec Minerals announces the Closing of the First Tranche of the Private Placement

Vancouver, BC / TNW – Accesswire / October 10, 2017 – NORTEC MINERALS CORP . (the

“Company” or “Nortec” ) (TSXV: NVT) – Further to Nortec’s press release dated September 7,

2017 announcing a non -brokered private placement (“Placement”) of up to 7,500,000 common shares

of the Company at a price of $0.075 per common share (the “Shares”), the Company announces that it

has closed a first tranche of 5,735,000 shares for gross proceeds of $430,125 (“First Tranche”).

The Shares will be distributed to purchasers in accordance with the rules and regulations of the

Securities Act and TSX Venture Exchange policies which includes a 4 (four) month hold period from

the date of issuance. A finder's fee will be paid on portions of the Placement also in accordance with

TSX Venture policies.

The proceeds of the Placement will be used to continue the exploration and drilling of the Tomboko

Gold Project in Guinea, West Africa , and, further evaluation of other gold projects located in

Northeastern Guinea . A Technical Report compliant with NI 43 -101 standards is in the process of

completion on the Tomboko Project.

The Company has submitted the requisite Form 4B – Notice of Private Placement to the TSX Venture

Exchange.

About Nortec Minerals Corp.

Nortec is a mineral exploration and development company based in Vancouver, British Columbia. The

Company has a 49% interest in the Tammela Gold & Lithium Project in South -West Finland.

Sunstone Metals (formerly Avalon Minerals), a public Australian mining company has earned the 51%

interest and is carrying out the 29% Stage 2 earn -in interest on the Tammela Project. Sunstone has

completed more than 3,000 meters diamond drilling on the Kietyonm aki lithium prospect and the

Satulinmaki and Riukka prospects that comprise the Tammela Project. Detailed information on the

Company’s projects have been posted on the Company’s website www.nortecminerals.com.

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 dif ferent 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.