MOHAN RAMALINGASWAMY VULIMIRI – NORTEC VENTURES CORP. (NVT:TSX.V)
CEO Interview - published 12/24/2007

MOHAN RAMALINGASWAMY VULIMIRI is President and Chief Executive Officer of Nortec 
Ventures Corp. His expertise is in the field of economic geology with an 
emphasis on structural control and modes of occurrence of all types of mineral 
deposits. He graduated with a BSc (honors) degree in Applied Geology from the 
Indian Institute of Technology, Kharagpur, India, and an MSc degree in Economic 
Geology from the University of Washington, Seattle. His Master's thesis is on 
the relationship of silver-lead-zinc veins with stratiform mineralization, 
Bunker Hill Mine, Coeur d'Alene District. Mr. Vulimiri was the Chief Geologist 
during the exploration stages of the development of Lawyers Mine, an epithermal 
gold-silver deposit located in northern British Columbia from 1980 to 1986. He 
was primarily responsible for the structural interpretation and delineation of 
the various ore zones. In 1986 he carried out the structural interpretation and 
delineation of the Bonito epithermal gold deposit located in New Mexico. The 
deposit contains over 650,000 ounces (20 million grams) gold and is controlled 
by Pioneer Metals Corporation. He was also responsible for the detailed 
geological interpretation and discovery of several ore zones at the Brucejack 
Lake epithermal silver-gold deposit, northern British Columbia. This high-grade 
deposit is now controlled by Silver Standard Mines. As President and Founder of 
San Fernando Mining Company, a Toronto Stock Exchange listed company, Mr. 
Vulimiri was instrumental in the acquisition and delineation of the La Fortuna 
intrusive gold-copper deposit with open-pit reserves of over 350,000 ounces (15 
million grams) of gold. Equity funding of $20 million for feasibility studies 
was provided through the facilities of Toronto Stock Exchange. The deposit is 
located in Durango State, Mexico, and is controlled by Castle Gold Corp. Mr. 
Vulimiri is also the Chairman of Frontier Pacific Mining Corporation, a TSX 
Venture company with an epithermal gold resource project in Greece and a uranium 
exploration project in southeastern Peru. Perama Hill gold project, located in 
northeastern Greece, contains an open-pit resource of 1.4 million ounces of gold 
and is awaiting permitting from the Greek government. Frontier Pacific incurred 
exploration expenditures totaling US$4.5 million consisting of mainly diamond 
drilling on four uranium prospects in the Macusani area, Puno district, 
southeastern Peru.

SECTOR - PRECIOUS METALS 

TWST: Please begin with a brief historical sketch of the company and a picture 
of the things you're doing at the present time.

Mr. Vulimiri: Nortec is a fairly young company. It was incorporated as a capital 
pool company in year 2000 and it became a mineral exploration company in 2004. 
We are at present active in Finland, Labrador and in Ecuador.

TWST: Would you describe the projects in those countries?

Mr. Vulimiri: In Finland we have two projects. One is called Koillismaa-Naranka 
project and the other one is the Kaukua Platinum-Palladium project, and these 
are in northeastern Finland. We've just completed a couple of thousand meters of 
diamond drilling in Koillismaa-Naranka and 1,000 meters on the Kaukua Platinum-
Palladium project. We put out several news releases recently announcing very 
significant results on the Kaukua project.

TWST: What about in Labrador?

Mr. Vulimiri: In Labrador, we have drilled several holes in 2005 and one of the 
holes returned over 1% nickel over three or four meters and we have to do 
further work to delineate this target better.

TWST: And in Ecuador?

Mr. Vulimiri: In Ecuador, we have a project called the Ganarin, which is about 
25 kilometers southwest of the Quimsacocha deposit by IAMGOLD. We've drilled 
several holes and what we are planning to do is do more drilling to delineate 
bonanza gold-silver mineralization. We haven't discovered it yet. There is quite 
a bit of extensive silicification and mineralization on surface, but we have to 
do more work to determine the controls of mineralization.

TWST: What would you reasonably expect the company to look like in about three 
years?

Mr. Vulimiri: In about three years what we want to do is we want to develop the 
Kaukua Project and prove up resources on it. We believe that it has the 
potential to host an open pitable platinum/palladium gold-nickel-copper deposit 
and that next year we will be completing that. Also, I am evaluating potential 
acquisitions with significant mineralization and drill intersections. We want to 
make this company from a risk-based exploration company to an asset-based 
company with proven reserves.

TWST: What about the other projects?

Mr. Vulimiri: Still there is quite a bit of risk involved in the Labrador 
Project and therefore if the next stage of exploration is not successful, we'll 
just walk from Labrador. On the Ganarin Project, similar situation like Aurelian 
and IAMGOLD, it took them almost three or four years to make the discovery and 
sometimes a small little company like ours may not have the financial strength 
to carry on high-risk projects. I want to take the shortcut to acquire an asset 
with proven resources or significant mineralization.

TWST: Are there other challenges or problems that you will encounter?

Mr. Vulimiri: We have to keep in mind that working in Ecuador and other 
countries has got a lot of political and social risks, but I believe that with 
my philosophy and strength we can actually attack these situations in a positive 
way. My goal is to cultivate good relations with local people and share the 
wealth created from the discovery of deposits with the local people. I always 
say that a percentage of something is better than 100% of nothing. After all, we 
are working in their country, so we have to make sure that we will respect their 
values. Today in countries like Ecuador or third world countries, 60%, 70%, 80% 
of our time is taken for preparation; how to go about exploration, for permits, 
community relations, etc.

TWST: I would assume that you have people on your staff who have a good deal of 
experience in Ecuador.

Mr. Vulimiri: That's right. We have a branch in Cuenca, the third largest city 
in Ecuador, and there our branch is run strictly by Ecuadorians and no expats.

TWST: What are your feelings regarding mergers, acquisitions, joint ventures and 
partnerships?

Mr. Vulimiri: I don't mind joint venturing a particular project with local 
companies like in Ecuador. That way we share the risks and also we will be 
partnering with the local companies. So definitely it's a good idea. I'm looking 
at one property; hopefully I'll be able to make a deal though we're still a long 
way. What I'm looking at is something like what we do in China, to form a joint 
venture company with the local people owning part of the company.

TWST: Is Finland a comparatively easy country to work in?

Mr. Vulimiri: Finland is actually a paradise to work in. It's very mining 
friendly. They just opened up. Until about 10 years ago, the Finland government 
was very protective and they only supported their own local companies, but now 
they are opening up and they are welcoming foreign companies. As compared to 
northern Canada or Russia, though, Finland is very close to the Artic Circle, it 
has excellent access so that every 30 kilometers or so you find a road, so you 
rarely need helicopters or float planes for access. This makes work much easier.

TWST: Is there anything further that you would like to say about the company's 
strategies for the next few years?

Mr. Vulimiri: As I said, the next three years, we'll continue to evaluate 
projects because a viable project will be a company maker. We want to 
concentrate on becoming an asset-based company from a high-risk company, 
something very similar to how Barrick or Yamana Gold changed.

TWST: Do you see any need to improve your capital structure?

Mr. Vulimiri: No, not really in the sense we have enough cash on hand. We are in 
a very good financial position right now. However, it never hurts to raise 
additional funds when the time and the deal is right. Actually, our company has 
high liquidity in terms of shares. Investors can buy some stock on the market 
without any difficulty at all. 

TWST: Would you tell us about the backgrounds and the expertise of yourself and 
a couple of the other members of the management team?

Mr. Vulimiri: I'm an economic geologist. I received my Bachelor's degree from 
the Indian Institute of Technology in India. I went to grad school at the 
University of Washington where I received my Master's degree in Economic 
Geology. I've been pretty much in all kinds of mineral deposits, structural 
controls and modes of occurrences, etc. My thesis is on the Bunker Hill Mine, 
Coeur d'Alene, Idaho. I have tremendous experience in evaluating mineral 
deposits very quickly so we don't have to keep dragging on and on evaluating 
probably for many, many years. My co-Director is Peter Tegart. He runs Frontier 
Pacific Mining Corporation, which I'm a Chairman of and he has experience in the 
development of ore deposits. He was instrumental along with me and we were 
responsible for the exploration of this one particular mine in northern British 
Columbia, the Lawyer's Mine. He did that from an early exploration stage and put 
it into production. He is also responsible for the discovery of the Tambo Grande 
volcanogenic massive sulphide deposit in northern Peru, one of the largest 
deposits in the world. We work very closely inside the company Frontier Pacific 
and we have a viable resource gold project in Greece. We are highly experienced 
in evaluating these projects or properties and bringing them to the next stage. 
Another person is Victor Bradley. He is the founder of Yamana Gold and he just 
joined us as a Director. He is a Chartered Accountant and he is involved in the 
operations of companies as well as raising millions of dollars in finance for 
high-risk companies. The Chairman of our company is Etienne Walter. He is the 
Honorary Consul General of Ecuador here in Vancouver. He helps me quite a bit in 
Ecuador to evaluate the projects and he has tremendous contacts in Ecuador and 
South America, which the company is grateful for. Ernie Peters has been active 
in the junior mining company sector for the last 40 years. I have known him for 
more than 40 years now. Grant Crooker is a very experienced geologist and 
consultant and he helps me in evaluating the projects also. Dick Richards is 
another Director, a Chartered Accountant, has lots of experience in the business 
sector. 

TWST: Your expertise is in evaluating projects and you chose at least one 
project that is high risk. What went into your thinking? How did you make that 
decision?

Mr. Vulimiri: Normally when I visit a particular property, I look at it in 
conceptual manner. The way it occurs, how to go about it, whether it has any 
potential to make it or break it. It all depends on the alteration, the way the 
zone behaves, the structural controls, the way it occurs and so this way we can 
easily find out whether it will make it or not and then we can plan the 
drilling. I like to closely watch the drilling; so that we don't waste money, 
and this way we can use the funds in a more efficient manner.

TWST: What about investor relations? 

Mr. Vulimiri: I have an investor relations person here on staff, but when 
investors ask about the technical details, then I tend to answer those 
questions.

TWST: What makes up your investor base?

Mr. Vulimiri: We have about 60% of shares in public floats and the largest 
shareholder is Pinetree Capital, which is a billion-dollar company based in 
Toronto. They own 23% of our company and they have also helped in promoting the 
company to their investors. The rest of them are small shareholders, but we give 
them equal importance.

TWST: What would be the two or three best reasons for the long-term investor to 
take a close look at Nortec Ventures?

Mr. Vulimiri: As I mentioned to you earlier, we want to make Nortec an asset-
based company with proven reserves in base metals and precious metals. This is 
the only way we can reduce the risk for investors and attract new investors. I 
like to mention that the company shares are very liquid and we trade in terms of 
hundreds of thousands of shares every day on average. There is very little risk 
for the investor to invest in our company.

TWST: Is there anything that you would like to add, especially regarding 
strategies, long-term objectives and reasons for an investor to look at the 
company?

Mr. Vulimiri: As I mentioned earlier, the investor has to look at our 
qualifications and our track record. Also we are not very top heavy; whatever 
funds we raise on the market we put into the ground for exploration.

TWST: What occupies your own attention most on a day-by-day basis?

Mr. Vulimiri: I basically evaluate projects as they come through the door and I 
guide exploration on our projects. If any investors have any questions, etc., I 
have time for them to explain in detail what we are doing.

TWST: Thank you. (MC)

MOHAN RAMALINGASWAMY VULIMIRI
President & CEO 
Nortec Ventures Corp.
Two Bentall Centre 
555 Burard Street
Suite 875
Vancouver, British Columbia V7X 1M8
Canada
(604) 717-6426
(604) 717-6427 – FAX 
www.nortecventures.com
e-mail: info@nortecventures.com

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