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

New Cantech Ventures Inc.

December 18, 2007 20:08 ET

New Cantech Ventures Inc.: Grant of Stock Options

VANCOUVER, BRITISH COLUMBIA--(Marketwire - Dec. 18, 2007) - New Cantech Ventures Inc. (TSX VENTURE:NCV)(FRANKFURT:C7X) announces that on December 18, 2007 the Board of Directors granted incentive stock options to purchase up to 2.35 million shares in the capital of the company at the current closing market price of 18 cents per share to ten of its directors, officers, employees, consultants and advisory council members. The grant of stock options is for a term of up to five years. The stock options are subject to vesting provisions, and terms and conditions of the company's stock option plan as approved at the most recent shareholder's meeting.

About New Cantech

New Cantech is a TSX Venture 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, most of which are located in British Columbia and all of which are located within Canada.

ON BEHALF OF THE BOARD OF DIRECTORS

James Jacuta

NEW CANTECH VENTURES INC.

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

  • New Cantech Ventures Inc.
    James Jacuta
    President & CEO
    (604) 638-0699
    Website: www.newcantech.com