Nortec Minerals Signs Option Agreement for Karhujupukka Project, Northern Finland

Nortec Minerals Corp. (TSXV:NVT,FWB:WMQ) has signed an option agreement with Akkerman Exploration B.V. for an acquisition of 80% interest in the Karhujupukka Iron-Titanium-Vanadium (“Fe-Ti-V”) Palladium-Platinum-Gold (“PGE-Au”) Project.

As quoted in the press release:

Nortec will fund and incur Exploration Expenditures of €1,500,000 over an Earn-In-Period of four (4) years from the date of signature of the Option Agreement.  In addition, Nortec will issue to AEbv the following common shares of the Company:

• The date of signature of the Option Agreement:  250,000 common shares (paid);
• The first year anniversary of the Option Agreement:  1,000,000 common shares;
• The second year anniversary of the Option Agreement:  1,500,000 common shares;
• The third year anniversary of the Option Agreement:  2,000,000 common shares.

The Minimum Exploration Expenditures for the first twelve (12) months after signature of the Option Agreement amounts to €200,000.

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