New Cantech Ventures Inc.
TSX VENTURE : NCV
FRANKFURT : C7X

New Cantech Ventures Inc.

June 19, 2008 17:14 ET

Nanika Resources Inc.-New Name for New Cantech Ventures Inc.

VANCOUVER, BRITISH COLUMBIA--(Marketwire - June 19, 2008) - New Cantech Ventures Inc. (TSX VENTURE:NCV)(FRANKFURT:C7X) (the "Company") announces that effective as at 12:01 am on June 20, 2008 the name of the Company will change to "Nanika Resources Inc." and that for trading purposes the stock will trade under a new TSX Venture Exchange symbol "NKA" with a new CUSIP number 630018109. A share certificate exchange is not required and there was no consolidation of share capital issued. The name change was previously approved by the Annual and Special General Meeting of Shareholders that was held on May 16, 2008 and the Company has now obtained the required regulatory approval from the TSX Venture Exchange. The new website for the Company will be www.nanikaresources.com.

The name change to Nanika Resources Inc. will better reflect the business of the Company as the Company is positioned to advance in the future. Company President James Jacuta stated, "The rapid and successful progression of changes in the last year reflects our focus on the Lucky Ship Molybdenum Property, which is located in the area of British Columbia that the aboriginal community named Nanika. This name change better reflects the Company as we continue on track with its transition from a pure mineral exploration company to a developer, and it is my hope to continue onward with future plans to take the Lucky Ship Molybdenum Property into production."

About Nanika Resources Inc. (formerly New Cantech Ventures Inc.)

Nanika Resources Inc. (formerly New Cantech) is a TSX Venture listed mineral exploration and development company focusing on the development of its Lucky Ship Molybdenum Property in west central British Columbia and the advancement of its other mineral exploration properties, all of which are located within Canada.

On Behalf of the Board

James. D Jacuta, Chairman, President & CEO

Contact Information

  • New Cantech Ventures Inc.
    Doug Kerr
    (604) 638-0699 or Toll Free: 1-866-580-0699
    Email: kerr@newcantech.com
    or
    New Cantech Ventures Inc.
    Derek Huston:
    (604) 929-2337 or Toll Free: 1-800-665-4288
    Website: www.newcantech.com