Mr. Mohan Vulimiri reports

NORTEC MINERALS PROVIDES BI-WEEKLY DEFAULT STATUS REPORT

Further to the management cease trade order dated May 2, 2016, issued under National Policy 12-203 (cease trade orders for continuous disclosure defaults) in respect of Nortec Minerals Corp.; the default announcement of the company dated May 2, 2016; and the subsequent biweekly default status reports issued on May 16, 2016, May 30, 2016, June 13, 2016, June 28, 2016, and July 12, 2016, the company is still not in a position to file its audited annual financial statements, the related management's discussion and analysis, and certifications for the fiscal year ended Dec. 31, 2015, as required, due to the delay in the filing of the audited annual financial statements for the year ended Dec. 31, 2015, of Finore Mining Inc., a reporting issuer in which the issuer holds a control position.

Finore filed the Finore statements on July 18, 2016. The B.C. Securities Commission has granted Nortec an extension to file the required records by Aug. 1, 2016, and Nortec expects to be able to complete and file the required records by then.

The company advises that it is also delinquent in respect of the filing of interim financial statements for the quarter ended March 31, 2016, and the related management's discussion and analysis, and certifications and that it anticipates filing the same within two weeks of when the required records are filed.

Pursuant to the MCTO, the chief executive officer and the chief financial officer of the company may not trade in the securities of the company until such time as the company files the required records and the executive director of the BCSC revokes the MCTO. The MCTO does not affect the ability of shareholders to trade their securities.

Other than as disclosed in this press release, there are no material changes to the information contained in the default announcement. The issuer confirms that it intends to satisfy the provisions of Section 10 of NP 12-203 and will continue to issue biweekly default status reports for so long as the issuer remains in default of the financial statement filing requirements.

We seek Safe Harbor.