Nortec Minerals Corporation: Default Announcement Pursuant to National Policy 12-203

Vancouver, April 30, 2013. Nortec Minerals Corp. ("Nortec" or the "Issuer") (TSX-V: NVT) announced today that it will not be in a position to file its audited annual financial statements (the "Statements"), management's discussion and analysis and related certifications for the fiscal year ended December 31, 2012 on or before April 30, 2013, as required, as a result in large part due a late determination in consultation with its auditor that consequent to the issuance by Finore Mining Inc. ("Finore") of common shares to the Issuer during the financial year ended December 31, 2012 and as at February 28, 2013, accounting policies require the Issuer to consolidate the financial position and results of Finore due to the Issuer's position of control in Finore. Nortec advises that this issue was brought to its attention by Nortec's auditor in mid-April, 2013, and Nortec has since been reviewing and discussing the issue with its auditor. Nortec advises that this consolidation requirement has created a significant amount of additional work to be performed by it to complete the Statements and Nortec has had to coordinate with Finore to gather the requisite financial information related to Finore for the Statements.

Accordingly, the Issuer has requested the issuance of a management cease trade order under the provisions of National Policy 12-203 Cease Trade Orders for Continuous Disclosure Defaults ("NP 12-203") so as to permit the continued trading in the Issuer's Common Shares by persons other than insiders and employees of the Issuer. The Issuer is working closely with its auditor, and the Issuer expects to be able to have the audit of the Statements completed, and the Statements filed, by May 13, 2013.

The Issuer confirms that it intends to satisfy the provisions of section 4.4 of NP 12-203 and issue bi-weekly default status reports for so long as the Issuer remains in default of the financial statement filing requirement, containing any material changes to the information in this release; all actions taken by the Issuer to remedy the default; particulars of any failure by the Issuer to fulfill these provisions; any subsequent defaults of the Issuer requiring a default announcement; and any other material information concerning the affairs of the Issuer not previously disclosed. The Issuer is not subject to any insolvency proceedings nor is there in other material information concerning the affairs of the Issuer that has not been generally disclosed.


About Nortec Minerals Corp.

Nortec is a mineral exploration and development company based in Vancouver, British Columbia. The Company has a 100% interest in the Tammela Gold & Lithium Project in South-West Finland; an option to earn from Akkerman Exploration B.V., a 100% interest in the Seinajoki Gold Property and Kaatiala Beryllium-Rare Earth Property in Western Finland.

The Company recently signed an agreement to sell its 51% interest, subject net smelter royalties, in the TL Nickel-Copper-Cobalt Property in Northern Labrador, Canada to Vulcan Minerals Inc. Information on the Company's projects can be referred to on www.nortecminerals.com


On behalf of the Board of Directors, NORTEC MINERALS CORP.

"Mohan R. Vulimiri"
Mohan R. Vulimiri, CEO and Chairman



The TSX Venture Exchange has not reviewed and does not accept the responsibility for the adequacy or accuracy of this news release.

This press release contains certain forward looking statements which involve known and unknown risks, delays and uncertainties not under the Company's control which may cause actual results, performances or achievements of the Company to be materially different from the results, performances or expectations implied by these forward looking statements. This news release does not constitute an offer to sell or a solicitation of an offer to buy any of the securities in the United States.