NEW CANTECH VENTURES INC.

NEWS RELEASE

New Cantech Ventures Inc. Announces Assay Results for Drill Hole LS07-96 of the Phase 4 Infill Drilling Program on its Lucky Ship Molybdenum Property

June 26, 2007

As announced in previous news releases, New Cantech Ventures Inc. (�Cantech�) (TSXV:NCV, FSE:C7X), is currently conducting its Phase 4 infill drilling program at the Lucky Ship Molybdenum Property, located 85 kilometres by road southwest of Houston B.C.

The Phase 4 program was targeted to complete 47 drill holes for a total of 14,137 metres of drilling. It was initiated on Feb 20, 2007. The main objectives of this drilling program were to move that part of the Lucky Ship Property mineral resource classified as inferred into the indicated category and to provide initial groundwater (hydrology) information on the deposit. The groundwater drilling is part of the baseline assessments for project development. As of April 29, 2007 Cantech had completed 38 of the projected 47 drill holes (LS07-69 to LS07-106), totaling 11,781 metres. Because of spring thaw conditions which made roads to the property unusable, drilling on the property was suspended on April 29, 2007. Driftwood Diamond Drilling of Smithers B.C. reports that they expect to start drilling the remaining 2,356 metres in the next week to 10 days. The installation of the groundwater wells (hydrology) work by Lorax Environmental Services Ltd. is projected to start in mid July.

As of March 31, 2007 Cantech had incurred expenditures of CDN$4.7 million developing the Lucky Ship property. Cantech has an option to acquire a 100% interest in the property subject to a 2% NSR retained by the vendors.

Assay Results

Assay results for all holes that were split and sampled, with the exception of hole LS07-96, were released in two previous news releases dated May 1, 2007 (holes LS07-69 to 76) and June 15, 2007 (holes LS07-77 to 104) respectively. Cantech has now received assay results for hole LS07-96. This HQ size, vertical drill hole was drilled near the center of the eastern part of the Mo zone. This hole was drilled partly as a groundwater hole (first 100 metres) and partly to confirm the grade of Mo in an area that could potentially be part of a starter pit. As shown in the table below this hole averaged 0.093% Mo from surface to a depth of 303.6 metres and was terminated in good grade mineralization. The following table summarizes significant intersections for this hole. A drill hole plan map showing the location of hole LS07-96 is posted on the Cantech website (www.newcantech.com).

Table of Drill Hole Information and Significant Intersections � LS07-96

Note: Assays were done by ACME Analytical Laboratories Ltd., Vancouver B.C. using ICP-ES analytical technique on an Agua Regia digestion (G7AR analytical package).

Other News

As mentioned above, Cantech is currently awaiting the resumption of drilling by Driftwood Diamond Drilling of Smithers and the start of groundwater testing by Lorax Environmental Services Ltd. of Vancouver at the Lucky Ship property.

In addition, Cantech is about to start a soil sampling program on the Bot option (Moly King property) which is surrounded by the Lucky Ship claim group.  The purpose of this work is to determine the extent of the Cu-Mo soil geochemical anomaly first defined by work done by Falconbridge in 1969 (see previous news release dated April 2, 2007).

Additional claims have been added to the Lucky Ship claim group to cover potential tailings disposal sites. The Lucky Ship mineral tenures now cover an area of 14,149.8 hectares.

Lucky Ship Developmental Studies

As announced in a June 15, 2007 press release, Cantech is currently in the process of advancing this project to development, and, therefore has initiated the following:

• An environmental and engineering team has been established to initiate environmental baseline studies and engineering in support of preparing an Environmental Assessment Application some time in the future.

• Field collection of additional water quality sampling, spot flow measurements and snow survey measurements are ongoing.

• A meteorological station and continuous flow monitors are currently being installed for the surface hydrology work.

• Preliminary study programs for fisheries, surface water and sediment quality, and groundwater have been developed but not yet implemented; more study program documents and additional field programs are planned.

• Initial geotechnical evaluations of potential waste management facilities for tailings and/or tailings and waste have been initiated by Cantech.

• Power line and access options are being evaluated for the project.

�          Additional �new� metallurgical work has been initiated with G&T Metallurgy Services Inc of Kamloops, BC.  The work is to define a treatment process for the project�s two (2) ore types (Quartz Feldspar Porphyry and Hazelton Volcanics/Sediments) The study is being designed to substantiate initial bench scale metallurgical test results for recovery of MoS₂ (CEMI, Feb 06).

�          Consultation (Information exchange) meetings with local First Nation groups, Provincial and Federal regulators and local governments are ongoing.

Preliminary Economic Assessment

On May 2, 2007 Cantech announced that A.C.A. Howe International Limited had completed a Preliminary Economic Assessment of the Lucky Ship Project.  The National Instrument 43-101 Report containing that Preliminary Economic Assessment has now been filed on the SEDAR website (see press release dated June 19, 2007).

Qualified Persons

Dr. Donald G. MacIntyre, P.Eng., a qualified person under National Instrument 43-101, has been supervising Cantech�s 2007 Phase 4 Drill Program and has reviewed and approved the technical disclosure in this news release regarding the drilling and assay results.

Bruce Graff, P. Eng., a qualified person under National Instrument 43-101, is the Lucky Ship Project Manager and has been supervising Cantech�s 2007 developmental studies and has reviewed and approved the technical disclosure in this news release regarding the developmental studies.

About Cantech

Cantech is a TSX Venture company focusing on the development of its Lucky Ship Molybdenum Property in northern British Columbia.

For more information please contact Dalton B. DuPasquier, President and CEO of New Cantech Ventures Inc., at (604) 541-7288 or visit Cantech�s website at http://www.newcantech.com.

ON BEHALF OF THE BOARD OF DIRECTORS

�James Jacuta�

NEW CANTECH VENTURES INC.