NAN.P Nanotech Sciences Corp

Nanotech Sciences Corp. ("Nanotech") (TSX VENTURE:NAN.P) is pleased to announce
that it entered into an agreement with Courtland Capital Corp. ("Courtland") on
May 8, 2009 (the "Agreement"), in respect of a proposed "qualifying transaction"
for the purposes of the policies of the TSX Venture Exchange (the "Exchange").


Under the Agreement it is proposed that Nanotech, a capital pool company listed
on the Exchange, will subscribe for a minimum of 3,000,000 units (the "Units")
of Courtland at a price of $0.10 per Unit or $300,000 in the aggregate (the
"Proposed Transaction"). Each Unit shall consist of one common share in the
capital of Courtland (a "Common Share") and three quarters (3/4) of one common
share purchase warrant (each whole warrant a "Warrant") of Courtland. Each
Warrant shall entitle the holder to acquire one additional Common Share at an
exercise price of $0.20 per Common Share, at any time on or before the close of
business on the date that is two years from the closing date of the Proposed
Transaction.


Nanotech has also agreed, under the terms of the Agreement, to advance $25,000
(the "Advance") to Courtland to cover transactional expenses pending completion
of the Proposed Transaction. The Advance is repayable under certain
circumstances if the Proposed Transaction is not completed.


Following closing of the Proposed Transaction, Nanotech intends to delist from
the Exchange, commence winding up proceedings, and distribute the Units to its
shareholders on a pro rata basis. Units of Courtland distributed to current
holders of escrowed shares of Nanotech will be subject to the same escrow
provisions as their current shares of Nanotech.


Courtland is a capital pool company listed on the Exchange and is in the process
of completing its own qualifying transaction with ForceLogix Inc.
("ForceLogix"). For more information with respect to Courtland and its
qualifying transaction with ForceLogix, please review the Filing Statement dated
August 29, 2008 and related press releases posted on the System for Electronic
Data Analysis and Retrieval (SEDAR) at www.sedar.com.


ForceLogix is a privately held corporation existing under the laws of Nevada
with its corporate offices located in Libertyville, Illinois. ForceLogix
develops and commercializes technologies in the field of sales performance
management and process optimization. ForceLogix provides software-as-a-service
as well as technical and consulting services to clients to address sale
performance management matters in a range of industries; specifically focusing
on life sciences/pharmaceutical, high technology and financial services.


ForceLogix has developed several new technologies which it believes will change
the nature of sales effectiveness and sales performance management. By combining
objective system driven data with subjective, field observation data, ForceLogix
has devised a proprietary measurement and evaluation application. ForceLogix has
started implementation of its combined technologies and measurement and
evaluation application for its first customers. For more information with
respect to ForceLogix, please visit its website at www.forcelogix.com.


Courtland is expected to file an amended filing statement on SEDAR, updating
information on its qualifying transaction with ForceLogix. Nanotech's shares
have been halted from trading on the Exchange and will not resume trading until
such time as Courtland files an amended filing statement on SEDAR.


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.


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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