Mr. Peter Hughes of Finore reports

FINORE MINING INC. ANNOUNCES CASH AND SHARE ISSUANCE TO NORTEC MINERAL CORP.

Finore Mining Inc. has made the second cash payment of $1-million and has issued 1,566,800 common shares of the company to Nortec Minerals Corp. for the second option payment on the Lantinen Koillismaa project as per the definitive agreement announced in August, 2011 (see the Finore news release of Aug. 30, 2011). The shares are subject to a statutory hold period expiring on Aug. 20, 2012.

Lantinen Koillismaa project

The LK project is located in north-central Finland, 660 kilometres north of the capital Helsinki, 65 km south of the Arctic Circle. The project is well serviced by power, roads and water allowing all-season access. The LK project consists of the Kaukua, Lipeavaara, Murtolampi and Haukiaho targets. Nortec carried out over 10,000 metres of diamond core drilling on the Kaukua target between 2007 and 2009. The Haukiaho target has over 7,000 metres of historical diamond drilling conducted over since the 1960s to 2004. Nortec did not carry out any drilling on the Haukiaho target. The LK project has a combined surface area of over 3,750 hectares and covers a platinum-group-element-plus-gold-copper-nickel-mineralized horizon, known as the Marginal series, that is hosted within a sequence of mafic and ultramafic layered intrusions.