Ecuador Resources

[rabblerouser]

Nortec (NVT) subsidiary mobilizes a second diamond drill, Ganarin Epithermal Gold-Silver Project, Southern Ecuador
10/27/2006
VANCOUVER, Oct. 27, 2006 (Canada NewsWire via COMTEX News Network) --

Further to the news releases dated October 4 and October 14, 2006, Nortec Ventures Corp. (TSX-V:NVT), ("Nortec" or the "Company"), announces that the Company's subsidiary Minera Nortec Ecuador SA ("Nortec Ecuador") signed a drilling contract with Cienminas S.A., a subsidiary of Kluane Drilling, a well-known Canadian drilling company. The drill is being mobilized and is expected to commence drilling on October 30, 2006, on the Ganarin epithermal gold-silver project, Southern Ecuador. This second drill will help to increase the productivity rate. Current drilling that commenced October 4, 2006, has progressed slowly due to very hard highly siliceous chalcedony-quartz breccia and stockwork zones. Three target areas are being tested for continuity, extent and structural control of the gold-silver mineralization.

The Company holds an option to earn a 51% interest in the Ganarin epithermal gold-silver project and 70% interest in the Condorcocha Project, Southern Ecuador, from joint-venture partner Doubloon Exploration Corp. The Ganarin property is situated in the prolific Ganarin Mineral Belt. IAMgold Corporation's Quimsacocha gold deposit occurs in the same belt approximately 30 kilometres northeast of the Ganarin Property. Indicated resources within a one-kilometre long defined area of the Quimsacocha deposit are estimated to contain 3.4 million ounces of gold and 18.2 million ounces of silver.

Mohan R. Vulimiri, M.Sc. P.Geo., President and Director of Nortec, is the person responsible for initiating and guiding the work programs on the Property. Brian T. Malahoff, P.Geo, is the person responsible for the on-site management of the exploration programs on the Property. Mr. Vulimiri and Mr. Malahoff are qualified persons in accordance with National Instrument 43-101 guidelines.

In other news, the Company is pleased to announce the appointment of Richard Tremblay to coordinate investor relations and shareholder communications and the grant of 100,000 stock options at an exercise price of $0.28 for a period of 2 years.

For further details and locations of the various zones on the Ganarin Property and information on Nortec Ventures Corp., please visit the Company's website at http://www.nortecventures.com and review the Company's press releases. Nortec is a mineral exploration and development company based in Vancouver, British Columbia.

Nortec is earning an undivided 70% interest in Kollismaa-Naranka nickel-copper-PGE project, northern Finland and a 51% interest in TL nickel property, Voisey's Bay area, northern Labrador.

<< On behalf of the Board of Directors, NORTEC VENTURES CORP. Mohan R. Vulimiri, President & CEO >>

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

SOURCE: Nortec Ventures Corp.

Nortec Ventures Corp. (TSX-V: NVT), Suite 875, 555 Burrard Street, Box 205, Bentall Two Centre, Vancouver, BC, Canada, V7X 1M8, Ph: [phone], Fax: [phone], www.nortecventures.com, [e-mail]
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