NAN.P Nanotech Sciences Corp

Nanotech Sciences Corp. ("Nanotech") (TSX VENTURE:NAN.P) is pleased to announce
that it entered into an agreement in principal with Natcore Technology, Inc.
("Natcore") on June 19, 2008, in respect of a proposed "qualifying transaction"
for the purposes of the policies of the TSX Venture Exchange (the "Exchange").


Under the letter of intent it is proposed that Nanotech, a capital pool company
listed on the Exchange, will acquire all of the issued and outstanding
securities of Natcore or complete some other form of transaction that has the
same effect. Shares of Natcore will be exchanged on a one-for-one basis for
shares of Nanotech, such that following the exchange, current holders of
Nanotech shares will hold approximately 24.3% (4,577,500 shares) of the Nanotech
shares and current holders of Natcore shares will hold approximately 75.7%
(14,231,619 shares) of the Nanotech shares on a fully diluted basis before
giving effect to the private placement described below.


Concurrently with the closing of the qualifying transaction the resulting issuer
intends to complete an equity private placement financing raising gross proceeds
to Nanotech of a minimum of $2,000,000.


Completion of the transaction is subject to a number of conditions, including
but not limited to, Exchange acceptance and if applicable pursuant to Exchange
requirements, majority of the minority shareholder approval. Where applicable,
the transaction cannot close until the required shareholder approval is
obtained. There can be no assurance that the transaction will be completed as
proposed or at all.


About Natcore Technology, Inc.

Natcore was incorporated in Delaware in 2003, specifically to exploit the patent
pending technology over which it owns the exclusive license from Rice
University. The licensed intellectual property (IP) controls the growth of thin
and thick films of silicon dioxide and mixed silicon oxides on silicon and other
substrates from an aqueous bath at room temperature and pressure.


Natcore seeks to become a global leader in the growth of thin and thick films of
dielectric and semiconductor materials using non-vacuum, room temperature
processes. Currently, Natcore's primary focus is to enter and lead the AR
coating market for solar cells by selling a paradigm-shifting, low-cost
technology to solar cell manufacturers that will enable those companies to
realize significantly lower capital costs and higher profit margins from their
own sales.


Charles Provini, President and Chief Executive Officer

Mr. Provini holds an Engineering degree from The U.S. Naval Academy in
Annapolis, Maryland and a Masters degree from the University of Oklahoma.
Previously, he was the President of Ladenburg Thalmann Asset Management and a
Director of Ladenburg Thalmann, Inc., one of the oldest members of the New York
Stock Exchange. He has served as President of Laidlaw Asset Management as well
as Chairman and Chief Investment Officer of Howe & Rusling, Laidlaw's Portfolio
Management Advisory Group. Prior to this, he served as President of Rodman &
Renshaw's Advisory Services and President of LaSalle Street Corporation, a
wholly-owned subsidiary of Donaldson, Lufkin & Jenrette.


Mr. Provini has been a leadership instructor at the U.S. Naval Academy, Chairman
of the U.S. Naval Academy's Honor Board and is a former Marine Corp. officer. He
is a frequent speaker at financial seminars and has appeared on "The Today Show"
and "Good Morning America," discussing financial markets.


Brien F. Lundin, Chairman

The president/CEO of Jefferson Direct, Inc., Mr. Lundin is a businessman and
investor with experience in financing and advising early-stage technology and
natural resource enterprises.


Mr. Lundin is the nationally recognized publisher and editor of print and
Internet-based publications specializing in these areas, including Gold
Newsletter, now in its 37th year of publication. He is also the owner of the
famed New Orleans Investment Conference, which has hosted thousands of elite
private investors as attendees, and the world's most celebrated investment,
economic and geopolitical figures as presenters.


A press release with further particulars relating to the proposed transaction
will follow in accordance with the policies of the Exchange.


Investors are cautioned that, except as disclosed in the management information
circular or filing statement to be prepared in connection with the transaction,
any information released or received with respect to the transaction may not be
accurate or complete and should not be relied upon. Trading in the securities of
a capital pool company should be considered highly speculative.


This news release may contain forward-looking statements that are based on
Nanotech's expectations, estimates and projections regarding its business and
the economic environment in which it operates. These statements are not
guarantees of future performance and involve risks and uncertainties that are
difficult to control or predict. Therefore, actual outcomes and results may
differ materially from those expressed in these forward-looking statements and
readers should not place undue reliance on such statements. Statements speak
only as of the date on which they are made, and Nanotech undertakes no
obligation to update them publicly to reflect new information or the occurrence
of future events or circumstances.

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