Nanotech Sciences Corp. ("Nanotech") (TSX VENTURE: NAN.P) announced today that it has been granted an extension in which to complete its "qualifying transaction" under the policies of the TSX Venture Exchange from February 13, 2010 to March 31, 2010. Nanotech is confident that it will be able to complete its qualifying transaction within this time period.

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

Contacts: Nanotech Sciences Corp. Scott Walters President & Chief Executive Officer (416) 369-0456

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