Mr. Peter Tegart reports

FINORE ANNOUNCES PRIVATE PLACEMENT

Finore Mining Inc. is in the process of arranging a non-brokered private placement of up to 10 million units at a price of five cents per unit for gross proceeds of up to $500,000. Each unit consists of one common share and one common share purchase warrant. Each warrant will entitle the holder to purchase one additional common share at an exercise price of 10 cents per common share for the first year from the date of issue, and at 15 cents per common share for the second year from the date of issue. The units will be distributed to shareholders in accordance with the rules and regulations of the Securities Act and the Canadian Securities Exchange. The proceeds of the private placement is for fulfilling the immediate requirements for the Tomboko gold project, northeast Guinea, and the Lantinen Koillismaa platinum group elements-gold-copper-nickel project, north-central Finland, and for working capital.

In the event that the common shares of the company trade at a closing price in excess of 20 cents per share during the first year and 30 cents per share during the second year for a period of 10 consecutive trading days at any time after four months past the closing date, the company will accelerate the expiry date of the warrants by giving notice to the holders thereof and in such case, the warrants will expire on the 30th day after the date on which such notice is given by the company.

All shares issued will be subject to a four-month hold period from the date of issuance in accordance with applicable securities laws. Finder's fees may be payable in connection with the placement.

Completion of this private placement may be subject to regulatory approvals.

Mohan R. Vulimiri, MSc, PGeo, director of Finore and chief executive officer of Nortec Minerals Corp., is a qualified person as defined by National Instrument 43-101. Mr. Vulimiri has approved the corporate and technical content contained in this press release.

We seek Safe Harbor.