NW Tech Capital, Inc. (NWTT)

[Cents_of_Humor]

Anyone have any additional news on what happened to YSX Ventures? I'm still early in my digging on the previous property owner to NWTT. (Or at least one that exercised the "Option" on the property) They sure sounded excited about this venture, and were well funded supposedly with 1.5 Million. Should have been able to get in there and extract something if I read the numbers right, so what happened? Anyone? I'm adding information I found about the previous owner to YSX at the end.


http://www.allbusiness.com/banking-finance/financial-markets-investing-securities/5017192-1.html

TORONTO -- YSV Ventures Inc. (NEX BOARD:XSV.H)("YSV") is pleased to announce that it has acquired an option (the "Option") to earn a 100% interest in a property (the "Property") consisting of four contiguous claims in the Zarn Lake Area, Patricia Mining Division, Ontario. The Option was acquired from Hawk Precious Minerals Inc. (the "Previous Optionee") through an assignment to YSV of the Previous Optionee's interest in an option agreement between Summit Resource Management Inc. (the "Optionor") and the Previous Optionee. Both the Optionor and the Previous Optionee are Ontario corporations and are arm's length parties to YSV. The Previous Optionee is a reporting issuer in Ontario.

The terms of the Option provide that YSV shall have the right to earn a 100% interest in the Property upon the payment to the Optionor of $25,000 on or before January 31, 2005 (which has already been paid), $50,000 on or before January 2, 2006 and $100,000 on or before January 2, 2007 and by incurring exploration costs on the Property in amounts of $125,000 on or before May 1, 2005, an additional $200,000 on or before January 3, 2006 and an additional $200,000 on or before January 3, 2007. In consideration for the assignment of the Option, YSV has agreed to issue to the Previous Optionee, subject to regulatory approval, 150,000 common shares. The Optionor and the Previous Optionee will also retain an aggregate 3% net smelter royalty in any and all production from the Property.

Prior to the acquisition of the Option, YSV had no active business. The acquisition of the Option and the proposed financing described below are both part of a plan to reactivate YSV as a mineral exploration company. YSV also intends to make application for listing on tier 2 of the TSX Venture Exchange.

The Property

The Property is located in the Zarn Lake Area, Patricia Mining Division, Ontario, approximately 18 km east-southeast of the town of Sioux Lookout. The property consists of four mining claims, comprising 35 units, covering an unsurveyed area of approximately 567 hectares. The Property also includes the Alcona Mine that was developed to a depth of 305 feet with lateral development during the 1930's. YSV has received a report prepared in compliance with National Instrument 43-101 that recommends a $525,000 exploration program on the Property to further delineate the mineral occurrences.

Page 6 of http://cnsx.ca/Storage/1010/88741_Form_2A.2-_Quotation_Statement_Execution(revised)-RL.doc

Newco 1 was formed to serve as a holding vehicle for certain assets in anticipation of the Amalgamation. On December 23, 2002, Newco 1 acquired, from 1179785 Ontario Limited, options to acquire (i) four (4) unpatented mining claims (the “New Millennium Option”) in the Zarn Lake area, Patricia Mining Division, Ontario (the “New Millennium Property”), and (ii) six (6) (subsequently expanded to eight (8)) unpatented mining claims (the “MZ Option”) in Catherine Township, Larder Lake Mining Division, Ontario (the “MZ Property”). Newco 1 issued to 1179785 Ontario Limited 500,000 common shares at a deemed aggregate value of $30,000, plus an additional $20,000 cash payment in consideration for the New Millennium Property and the MZ Property.