Nortec signs Agreement for $20.5 Million option of the LK Project, Finland
August 30, 2011
Nortec Minerals receives first option payment for the LK Project, Finland from Otterburn Ventures
September 14, 2011

Nortec (NVT) Announces TSXV Approval On Option and Joint Venture With Otterburn

September 7, 2011 10:00 am

Vancouver, B.C., September 6, 2011: Nortec Minerals Corp. (TSX-V:NVT), (“Nortec” or the “Company”), is pleased to announce that the TSX Venture Exchange (“TSXV”) has accepted for filing the Option and Joint Venture Agreement with Otterburn Ventures Inc. dated August 24, 2011. As announced in the Company’s August 30, 2011, news release, Otterturn has the option to earn up to an 80% interest in Nortec’s Läntinen Koillismaa project, a 100% owned palladium-platinum-gold-copper-nickel property (“LK Project”), located in north central Finland.

To obtain a 49% interest in the Property, Otterburn must pay the Company $4,400,000 cash, the equivalent of $2,000,000 in shares and must incur $5,000,000 in exploration expenditures over a 2 year period. To obtain a further 31% interest Otterburn must pay the Company $3,000,000 cash, issue the equivalent of $1,000,000 in shares and incur $5,000,000 in exploration expenditures over a further year.

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 LK Palladium-Platinum-Gold-Copper- Nickel Project in north-central Finland.

Nortec also has a 100% interest in the Tammela Lithium Project in south-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, 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.

On behalf of the Board of Directors,
“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.