Vancouver, B.C, July 5, 2007: Nortec Ventures Corp., (�Nortec� or the �Company�), is pleased to announce that at the 2007 annual general meeting held on June 25, 2007, the shareholders approved the creation of a new control person, Pinetree Resource Partnership (�Pinetree�), and the exercise of special warrants to issue 4,300,000 common shares to Pinetree. Pinetree acquired 9,200,000 common shares and 4,300,000 special warrants pursuant to a non-brokered private placement as previously announced (refer to news release dated March 30, 2007) at a price of $0.15, per share or special warrant. Each special warrant was deemed exercised, for no additional consideration, three business days after the Company received shareholder approval at the annual general meeting and all of the gross proceeds received from the sale of the special warrants were released from escrow to the Company. Pinetree holds a total of 13,500,000 common shares of the Company representing approximately 22.7% of the issued and outstanding shares. All shares issued pursuant to the deemed exercise of the special warrants are subject to a hold period expiring July 31, 2007.

In addition, at the meeting, the shareholders of the Company approved all resolutions placed before them by management, including the election of Messrs. Mohan R. Vulimiri, Peter F. Tegart, Grant F. Crooker, Ernest S. Peters, Richard L. Richards and Etienne E.V. Walter as directors of the Company, the re-appointment of PricewaterhouseCoopers LLP as the Company�s auditor, the amendment to the Company�s stock option plan by increasing the number of shares reserved under the plan by 5,349,140 common shares so that the maximum number of common shares issuable under the amended plan would be 10,099,140 common share or approximately 20% of the Company�s issued and outstanding share capital as at the date of the information circular.


For further details on the Company readers are referred to the Company�s web site at www.nortecventures.com and the Company�s Canadian regulatory filings on SEDAR at www.sedar.com.





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.