New Cantech Ventures Inc.: Update on Joint Venture Discussions

New Cantech Ventures Inc. (TSX VENTURE:NCV)(FRANKFURT:C7X) (the "Company") is
pleased to announce that the Company's president James Jacuta and corporate
attorney have just returned from Seoul, Korea. The purpose of the trip was to
discuss a formalized Joint Venture Agreement with Palm Clean Energy Inc. and
Daewon Chemical Co. Ltd. of Korea. The Company wishes to report that it is
pleased with the meetings held in Korea with the Korean companies, their
Presidents and legal counsel. Negotiations are progressing and discussions
continue on details of a proposed Joint Venture Agreement. The Company currently
expects that it will be able to announce the results of these discussions
shortly.


The Company also reports A.C.A. Howe International Limited has advised the
Company that it is concluding calculations on an updated NI 43-101 resource
estimate on the Lucky Ship project and the Company expects to have this report
made available shortly.


The Company will be attending the Cambridge Investment Resource Conference in
Calgary on April 12th and 13th booth number 117. Company representatives will be
available to answer questions regarding the Lucky Ship project.


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