New Cantech Ventures Inc.: Investor Relations Agreement With Doug Kerr

VANCOUVER, BRITISH COLUMBIA -- (MARKET WIRE) -- 05/30/08 -- New Cantech Ventures Inc. (TSX VENTURE: NCV)(FRANKFURT: C7X) is pleased to announce that it has agreed to extend the Investor Relations Agreement dated March 12, 2008 between the Company and Doug Kerr of Kerr Consulting for an additional three months. Mr. Kerr will continue to provide investor relations services to the Company for a fee of $5,000 per month. All terms and conditions of the Agreement remain constant.

The extension of the term of the Investor Relations Agreement is subject to approval by 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 and CEO

Contacts: New Cantech Ventures Inc. Doug Kerr (604) 638-0699 or Toll Free: 1-866-580-0699

New Cantech Ventures Inc. Derek Huston (604) 929-2337 or Toll Free: 1-800-665-4288 Website: www.newcantech.com

2008-05-30 18:13:55 0374080 MARKETWIRE