Bactech Environmental Corp. press release

Nortec Ventures (V:NVT) announces the appointment of New Director

2006-10-16

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

VANCOUVER, Oct. 16 /CNW/ - Nortec Ventures Corp. (TSX-V:NVT), ("Nortec" or the "Company"), is pleased to announce the appointment of Mr. Etienne Walter to the Company's board of directors. Mr. Walter is the Honorary Consul General of the Republic of Ecuador with jurisdiction over the Provinces of Alberta and British Columbia, the Northwest Territories and the Yukon Territory. His appointment was in December 1993, and has been recognized by the Canadian Government since March 17, 1994. Mr. Walter lived in Ecuador from the age of three years until his graduation from high school; he then traveled to Europe to further his studies in France, Germany, and Great Britain. He earned his diploma in Hotel Management and Financial Administration from the Ecole HFoteliGere de la SociDetDe Suisse des HFoteliers in Lausanne, Switzerland in November 1972 and he has worked for some of the world's leading hotels. Since coming to Canada in 1975, Mr. Walter worked for public and private corporations until he formed his own company, Andes Trade and Investment Ltd. Nortec is looking forward to a long and fruitful relationship with Mr. Walter. The Company's subsidiary, Minera Nortec Ecuador SA ("Nortec Ecuador"), is at present carrying out diamond core drilling on the Ganarin epithermal gold-silver project, Southern Ecuador. The drilling was progressing at a slower rate than anticipated due to very hard highly siliceous chalcedony-quartz breccia and stockwork zones. Core sample shipments will be made on a regular basis and results will be released on receipt. ALS Chemex Labs, with preparation labs in Quito, Ecuador, and analytical labs in Lima, Peru, will perform the analyses. The samples will be analyzed for gold by fire assay with atomic absorption finish and for other elements by the 34 element aqua regia ICP method. The Company holds an option to earn a 51% interest in the Ganarin epithermal gold-silver project and 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 recently updated to contain 3.4 million ounces of gold and 26.2 million ounces of silver. In other news, the Company is announcing the grant of 300,000 stock options to directors of the Company at an exercise price of $0.28 per share for a period of 5 years from the date of the grant. 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 and review the Company's press releases. Nortec is a mineral exploration and development company based in Vancouver, British Columbia. Nortec is earning an undivided 70% interest in Kollismaa-Naranka nickel-copper-PGE project, northern Finland and a 51% interest in TL nickel property, Voisey's Bay area, northern Labrador.

<< 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.