Bactech Environmental Corp. press release

Nortec signs Contract for 2000 Metre Diamond Drilling on the Ganarin Epithermal Gold-Silver Project, Southern Ecuador

2006-08-18

CSE - Canadian National Stock Exchange · Gold · Silver · Arsenic · Iron · Nickel · Copper · Cobalt · Rare Earth Elements · Canada

VANCOUVER, Aug. 18 /CNW/ - Further to the press release dated August 16, 2006, Nortec Ventures Corp., ("Nortec" or the "Company"), is pleased to announce the signing of a contract for 2000 metres of HQ core diamond drilling on the Ganarin epithermal gold-silver joint venture project, Southern Ecuador. Minera Nortec Ecuador SA, the Company's Ecuadorian subsidiary, signed the contract with "Minera Micubesa Cia. Ltda", an Ecuadorian drilling company with operations in Peru and Ecuador. Drilling will initially concentrate on the Chamana and Rio Minas targets where significant gold and silver values on surface were obtained in trench chip and channel sampling. Details can be referred to in the Company's press releases of 18th August 2006 and January 9th 2006. The Longyear 38 drill is being mobilized and the drilling is expected to commence in early September 2006. The Company holds an option to earn a 51% interest in the Ganarin epithermal gold-silver project and a 70% interest in the Condorcocha Project, Southern Ecuador, from joint-venture partner Doubloon Exploration Corp. The Ganarin property is situated in the prolific Ganarin Mineral Belt. Iamgold Corporation's Quimsacocha gold deposit occurs in the same belt approximately 30 kilometres northeast of the Ganarin Property. Indicated resources within a one-kilometre long defined area of the Quimsacocha deposit are estimated to contain 2.8 million ounces of gold and 18.2 million ounces of silver. Mohan R. Vulimiri, M.Sc. P.Geo., President and Director of Nortec, is the person responsible for initiating and guiding the work programs on the Property. Brian T. Malahoff, P.Geo, is the person responsible for the on-site management of the exploration programs on the Property. Mr. Vulimiri and Mr. Malahoff are qualified persons in accordance with National Instrument 43-101 guidelines. For further details and locations of the various zones on the Ganarin Property and information on Nortec Ventures Corp., please visit the Company's website at http://www.nortecventures.com. Nortec is a mineral exploration and development company based in Vancouver, British Columbia and its shares trade on the TSX Venture Exchange under the symbol NVT. Nortec is also active in Finland earning a 70% interest in Kollismaa-Naranka nickel-copper-PGE project and in northern Labrador earning a 51% interest in TL nickel property, Voisey's Bay area.

<< On behalf of the Board of Directors,

Nortec Ventures Corp.

"Mohan R. Vulimiri" Mohan R. Vulimiri, President & CEO >>

The statements made in this News Release may contain certain forward-looking statements. Actual events or results may differ from the Company's expectations. Certain risk factors may also affect the actual results achieved by the Company. The TSX Venture Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of this release