New Tech Minerals Corp. announced that it has received approval for the renewal of two (2) Potash and Mineral Salts Leases from the State of Utah. The leases have been extended for a period of ten (10) years, subject to certain annual payment obligations. These leases, plus nine additional state leases, cover an area of approximately 7,000 acres within the Paradox Basin, Grand County, Utah, and form a strategic land position contiguous with over 25,000 acres of Federal Potash Permit Applications presently under review by the Bureau of Land Management ("BLM"). The two renewed leases are located in the northern portion of the Company's holdings and are comprised of 960 acres, the largest of which borders an approximately 6,750 acre area designated for solar evaporation ponds and processing/recovery facilities by the BLM. Historical wells drilled for oil and gas in the Paradox Basin encountered supersaturated brines which were analyzed by the Utah Geological and Mineralogical Survey. The analyses indicated that commercial possibilities exist for the extraction of lithium, potassium and bromine, particularly in the central part of the basin. Comprehensive brine analyses are known for seven wells located approximately 10 miles southeast of New Tech's leases, which contained 66 ppm to 500 ppm lithium, 18,800 ppm to 41,958 ppm potassium and 1,150 ppm to 6,100 ppm bromine. Flow rates from one well, Big Flat-Long Canyon, gauged in excess of 6,300 gallons per hour.