NAN.P Nanotech Sciences Corp

Nanotech Sciences Corp. (the "Corporation")(TSX VENTURE:NAN.P) a capital pool
company, announced today the termination of the letter of intent dated June 17,
2008, as amended (the "Agreement"), pursuant to which the Corporation had
conditionally agreed to acquire all of the issued and outstanding securities of
Natcore Technology, Inc. ("Natcore") as its qualifying transaction. The
Corporation terminated the Agreement because it was unable to satisfactorily
complete its due diligence review of Natcore. The Corporation's board of
directors have determined that they can not proceed with the transaction as
presently structured and that it is in its best interests to terminate the
Agreement and to resume the process of identifying and evaluating businesses and
assets with a view to completing its potential qualifying transaction.


The Corporation has requested repayment of the demand loan dated July 18, 2008
with Natcore in the amount of $100,000, which was provided to Natcore to cover
cost associated with completion of the qualifying transaction.


The Corporation will resume its process of identifying and evaluating businesses
and assets with a view to completing a potential qualifying transaction. 


It is expected that trading will resume in the common shares of the Corporation
on the TSX Venture Exchange on or about Tuesday August 19, 2008.


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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