New Cantech Ventures Inc.

New Cantech Ventures Inc.

May 12, 2008 15:06 ET

New Cantech Appoints Derek Huston to Support Investor Relations

VANCOUVER, BRITISH COLUMBIA--(Marketwire - May 12, 2008) - New Cantech Ventures Inc. (TSX VENTURE:NCV)(FRANKFURT:C7X) is pleased to announce the appointment of Mr. Derek Huston of D.A. Huston Consulting to support the Company's investor relation activities.

Mr. Huston will initiate and maintain contact with the financial community, shareholders and investors. In addition, he will assist New Cantech's management in strategizing, formulating and implementing its communications programs. Mr. Huston has extensive experience in investor relations and corporate communications services and has represented several successful publicly trading companies in the last twenty years.

As part of this three month Engagement Agreement, extendible by mutual agreement, Mr. Huston is to be paid a fee of $6,000 per month. He will also be vested in 125,000 New Cantech options exercisable at 25 cents at the end of the three months, and a similar vesting at the end of any three month extension thereafter, for a total grant of a maximum of 500,000 options that can be vested at the end of twelve months. The agreement announced today is made subject to the approval of the TSX Venture Exchange.

About New Cantech

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

The TSX Venture Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of the content of the information contained herein.

Contact Information

  • D.A. Huston Consulting
    Derek Huston
    (604) 929-2337 or Toll Free: 1-800-665-4288
    New Cantech Ventures Inc.
    (604) 638-0699 or Toll Free: 1-866-580-0699