Assays Received From First Drill Hole, Satulinmäki Gold Prospect, Tammela Project, Finland

Vancouver, BC / TheNewswire / September 23, 2016 - Pursuant to the press release dated September 14, 2016, Nortec Minerals Corp. (the "Company" or "Nortec") (TSXV: NVT) is pleased to announce that the Company's Joint Venture earn-in partner, Avalon Minerals ("Avalon") of Milton, QLD, Australia, has announced results from the first drill hole, SMD001 on the Satulinmaki gold prospect, Tammela Project, Finland. The Satulinmaki prospect is located 5 kilometres north-west respectively of the Kietyonmaki lithium prospect (Figure 1). Avalon's press release can be referred to on:

http://www.asx.com.au/asxpdf/20160922/pdf/43bcmwrx9rtdg6.pdf, http://avalonminerals.com.au/

Tammela Minerals Oy, the wholly-owned subsidiary of Nortec, controls 100% interest in the Somero 1 to 12 and Tammela 1 to 3 claims comprising the Tammela Project. The property hosts the Kietyonmaki Lithium prospect and the Riukka and Satulinmaki gold zones. Avalon has also submitted applications for two Exploration Reservations over an area of 117 km2 around the Somero and Tammela claims. These reservations form part of the Joint Venture with Avalon.

Highlights

• -The first diamond drill hole confirms shallow gold mineralization.

• -Individual assays up to 15.15g/t gold over 1m sampling interval.

• -Drill hole SMDD001 has intersected;

  • -7.0m at 1.24g/t gold from 9m,

    -10.0m at 1.13 g/t gold from 33m, and

    -1.0m at 15.15g/t gold from 57m.

• -The drill hole is located adjacent to historical holes R413 and R414 which intersected, in separate shoots;

  • -25.0m at 1.74g/t gold in R413

    -3.0m at 5.87g/t gold in hole R414. R414 ended in mineralisation.

• -A total of six holes have now been completed by Avalon at Satulinmaki and all have intersected altered and structurally complex zones coincident with the interpreted positions of gold lodes from historical drilling results.

• -The current and historical drilling has now tested multiple parallel lode positions along a strike extent of 350m, and vertical extent of 150m below surface.

• -Further assays from the remaining drill holes are pending with results from drill hole SMDD002 expected next week.

Detailed assays from the SMD001 drill hole are as follows:

• -7.0m @ 1.24 g/t Au from 9m downhole

  -10.0m @ 1.13 g/t Au from 33m downhole

  -1.0m @ 0.62 g/t Au from 49m downhole

  -1.0m @ 15.15 g/t Au from 57m downhole

The intervals are within 50m of the surface and correlate with results from nearby historical drill holes, to define a series of steeply dipping gold zones. Drill hole SMDD002 has been drilled underneath these zones (see cross section below) and has intersected wide intervals of alteration and quartz veining with varying amounts of sulphide minerals. Assay results from SMDD002 are expected next week.

Six drill holes were completed at Satulinmaki, and a seventh hole is underway. Assay results from these additional holes are expected in the weeks ahead. These drill holes have tested several interpreted north-east trending sub-parallel gold bearing vein systems, along a strike extent of 250m and a vertical extent of 150m. The vein systems are open at depth and along strike.

The figures 2 and 3 below show the location of the drill holes, and a cross section showing the geology, alteration and mineralization incorporating drill holes SMD001 and SMD002. Drill hole SMD003 has intersected quartz veins and sulphides with broad zones of moderate to intense alteration. This drill was designed to test below the intersection in the historical hole R391 which returned 25 meters grading 3.17 g/t Au.

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Figure 1: Location of Satulinmaki gold prospect, 4km NW of the Kietyonmaki lithium project.

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Figure 2: Satulinmaki gold prospect showing interpreted NE trending gold bearing vein systems. Figure 3 cross section is shown through the main target vein. Collar positions of historical holes are shown with red dots and grey, green traces. Completed holes SMD001 to SMD007 are shown in white.

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Figure 3: Cross section showing results from Hole SMDD001 and the target zone down plunge from mineralised horizons in historical holes R413 and R414.

Avalon - Nortec Heads of Agreement:

Details of the Heads of Agreement with regards to the formation of the Joint Venture Agreement between Nortec and Avalon can be referred to in the Company's press release dated May 19, 2016.

Avalon recently announced high grade results of 42.1m at 1.05% Li2O from 17.9m downhole, including 24.2m at 1.44% Li2O from 17.9m downhole and 9m at 2.00% Li2O from 29m downhole from Kietyonmaki lithium prospect (Nortec press release dated September 15, 2016). Historical drilling by the Geological Survey of Finland (GTK) identified a high grade lithium pegmatite deposit including diamond drill intersections of up to 18m @ 1.8% Li2O. This work will deliver a mineral resource estimate and preliminary metallurgical studies by the end of 2016.

About Nortec Minerals Corp.

Nortec is a mineral exploration and development company based in Vancouver, British Columbia. Information on the Company's projects can be referred to on www.nortecminerals.com.

Mohan R. Vulimiri, M.Sc., P.Geo, CEO, Nortec Minerals, is a Qualified Person as defined by NI 43-101. Mr. Vulimiri has approved the corporate and technical content contained in this press release

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.

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