Nortec Minerals Receives First Option Payment for the LK Project, Finland From Otterburn Ventures

Further to the press releases dated August 30 and September 6, 2011, Nortec Minerals Corp. (TSX-V: NVT and OTC: NMNZF) announced this morning that it has received the first option payment consisting of $900,000 cash and $500,000 in shares of Otterburn Ventures Inc. (1,660,408).

The Option and Joint Venture Agreement gives Otterburn the option to earn up to an 80% interest in Nortec’s Lantinen Koillismaa project, a 100 % owned palladium-platinum-gold-copper-nickel property (“LK Project”), located in north central Finland. The LK project comprises of the following target areas (exploration claims and exploration claim applications): Kaukua, Haukiaho, Haukiaho East, Lipeavaara and Murtolampi Targets.

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