Nanotech Sciences Corp. Announces Closing of its Qualifying Transaction

Nanotech Sciences Corp. (the "Company") (TSX VENTURE:NAN.P) is pleased to
announce the closing of its "qualifying transaction" for purposes of the
policies of the TSX Venture Exchange (the "Exchange"). Under the qualifying
transaction, the Company subscribed for 2,716,875 units (the "Units") of
Courtland Capital Corp. ("Courtland") at a price of $0.10 per Unit or
$271,687.50 in the aggregate (the "Transaction"). Each Unit consists of one
common share in the capital of Courtland (a "Common Share") and three quarters
(3/4) of one common share purchase warrant (a "Warrant") of Courtland. Each
whole Warrant entitles the holder to acquire one additional Common Share at an
exercise price of $0.20 per Common Share, at any time on or before the close of
business on November 30, 2011. The Company's subscription for Units was approved
by majority of minority approval of the shareholders of the Company on November
26, 2009 at an annual and special meeting of shareholders (the "Shareholders
Meeting"). The Transaction closed on November 30, 2009.


Pursuant to the terms of the qualifying transaction, the Company will wind-up
and dissolve (the "Dissolution") pursuant to Section 237 of the Business
Corporations Act (Ontario). Approval of the Dissolution was obtained at the
Shareholders Meeting. In connection with the Dissolution, the Company will
distribute the 2,716,875 Units on a pro-rata basis to the Company's
shareholders, with each shareholder receiving approximately 0.675 of a Unit for
each common share of the Company held as at the record date of December 1, 2009.
The Units to be distributed to the shareholders of the Company are freely
tradable except for those Units to be distributed to current holders of escrowed
shares of the Company, which will be subject to the same escrow provisions as
their current shares of the Company. Following satisfaction of any remaining
liabilities and obligations owed to the creditors of the Company, the Company
will distribute any remaining property of the Company rateably among the
shareholders according to each shareholders' respective rights and interests in
the Company.


The Company's common shares will be voluntarily delisted from the Exchange at
the close of business on December 11, 2009. Upon filing of the Company's final
tax return, receipt of a clearance certificate from Canada Revenue Agency and
the filing of its articles of dissolution, the Company will be dissolved.