Nortec signs contract for air-borne Time-Domain Vtem geophysical survey, Karhujupukka Fe-Ti-V-Ni-Cu-Pge-Au Property, northern Finland

(via Thenewswire.ca)

Vancouver, B.C., June 13, 2012: Further to the press release dated April 11, 2012, Nortec Minerals Corp. (TSX-V: NVT; FSE: WMQ; OTC PINK: NMNZF) ("Nortec" or the "Company"), is pleased to announce that the Company signed a contract with Geotech Airborne Limited to conduct airborne Time Domain Electromagnetic Geophysical Survey with a Bfield-VTEM System and Magnetic Gradiometer ("VTEM) on the Karhujupukka Iron-Titanium-Vanadium ("Fe-Ti-V") Palladium-Platinum-Gold ("PGE-Au") Project located in northern Finland. The survey is expected to be carried out in July, 2012. Nortec signed an Option Agreement with Akkerman Exploration B.V. ("AEbv") to earn an undivided 80% interest in the Karhujupukka Property. Details can be referred to in the Company's press releases.

The Karhujupukka project is located in northwestern Finland, about 20 kilometers southeast of Kolari and 150 kilometers northwest of Rovaniemi, the capital of Finnish Lapland. Karhujupukka is one of the few known magnetite-ilmenite deposits in Finland. The Swedish border passes 10km West of the area, together with a railroad connection to port and the industrial center of Kemi. The project is located at 200km from the Swedish Kiruna iron ore district (Malmberget mine).

Mineralization at Karhujupukka was discovered by the Geological Survey of Finland (GTK) in 1988 while drill testing a series of prominent magnetic anomalies in till covered areas. Subsequently, GTK outlined three centers of magnetite-ilmenite mineralization at Karhujupukka, Korthonletho and Karhuvuoma during three successive drilling campaigns from 1988 to 1996. In total 36 holes were drilled only into the magnetite-gabbro layers. GTK also calculated mineral resources, but Nortec is not taking this into account as it is non-compliant according to the NI 43-101 standards. The reader is referred to several published articles on the GTK and other websites.

Mineralization and Potential

The Kahujupukka Fe-Ti-V mineralization occurs as a plate-like body, hosted by the gabbroic units of the layered ultramafic intrusions, in between leuco gabbro-anorthosites in the hanging wall and pyroxenite to peridotite in the footwall. Drilling to date has outlined three centers of mineralization at Karhujupukka Central, Korthonletho to the east and Karhuvuoma to the west, over a combined strike length of some 5km. These three areas coincide with the magnetically anomalous zone which is visible in the low-altitude airborne magnetic data. The central Karhujupukka prospect dips at an angle of 50-60 degrees to the south, with a thickness of 50m in the center, 10m in the west and progressively thinning to 3m in the east.

According to published data (Karvinen, GTK Special Paper 10, 1988), the mineralization contains on average:

40% Fe, 5.5% Ti 0.3% V, 0.4% Cr, 0.04% Ni and 0.03% Cu

and 0.02% Co, 100ppb Pt, 100ppb Pd and 20ppb Au.

Potential exists for the occurrence of significant magmatic copper-nickel mineralization with palladium-platinum-gold values in the lower ultramafic layers near the contact of the favourable Archean basement rocks consisting of migmatites, pelitic and quartzitic metasediments. These basement rocks could be the source for sulphur for the formation of potential magmatic massive sulphide zones. The recent discovery of Sakatti Ni-Cu-PGE deposit by Anglo American Mining in similar geological environment in Northern Finland attests to the fact that potential exists for the occurrence of magmatic massive sulphide deposits.

GTK has not carried out any exploration into the deeper ultramafic layers and the basement, but core logs from several holes describe sulphide veins and concentrations, mostly pyrrhotite and chalcopyrite in the upper layers in the ultramafic intrusions. Assay information from the GTK database includes a small number of samples with significant nickel and copper results with anomalous Pt, Pd and Au values.

The planned deep-penetrating VTEM survey will help delineate these conductive zones. Geotech's VTEM system has been shown to locate discrete conductive anomalies as well as mapping lateral and vertical variations in resistivity. The VTEM plus system is equipped with a high-sensitivity magnetic gradiometer for mapping geologic structure and lithology. Geotech is a leading innovator in the airborne electromagnetics industry through the development of new and progressive airborne geophysical technologies.

If the results show distinct conductive targets, this will be followed up with detailed target drilling.

Mohan R. Vulimiri, M.Sc., P.Geo., CEO and Director of Nortec, and Mr. Jan Akkerman, Managing Director of AEbv, are the persons responsible for initiating and guiding the work programs on the Karhujupukka Project. Mohan Vulimiri is the Qualified Person responsible for the contents of this press release.

Other News

An application is being filed with the TSX Venture Exchange ("TSXV") for a one (1) year extension of share purchase warrants issued pursuant to the 8,941,500 unit non-brokered private placement at a price of $0.12 per unit announced on July 4, 2010. Each unit consisted of one share and one share purchase warrant which is exercisable to acquire one share of the Company at an exercise price of $0.20 per share. The private placement was accepted for filing by the TSXV on July 7, 2010. A total of 2,025,000 warrants have previously been exercised.

The one (1) year extension of the warrants is subject to the approval of TSXV.

Upon receipt of the approval from the TSXV, the new expiry date of the warrants will be July 7, 2013.

About Nortec

Nortec is a mineral exploration and development company based in Vancouver, British Columbia. The Company has a 100% interest in the Tammela Gold & Lithium Project in south-west Finland. Nortec has a 100% interest in the LK Palladium-Platinum-Gold-Copper-Nickel Project in north-central Finland; an option to earn from Akkerman Exploration B.V., a 100% interest in the Seinajoki 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. Information on the Company's projects can be referred to on www.nortecminerals.com

The Company is well-financed for exploring the Seinajoki, Tammela and Kahujupukka projects. All three projects have excellent potential with good infrastructure and access.

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 |On behalf of the Board of Directors,       |
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 |NORTEC MINERALS CORP.                      |
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 |“Mohan R Vulimiri”                         |
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 |Mohan R. Vulimiri, Executive Chairman & CEO|
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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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