Mr. Ryan Hrkac reports

NORTEC PROVIDES AN UPDATE ON PROPOSED BARKER BAY GOLD PROPERTY ACQUISITION

Nortec Minerals Corp. has provided an update on the status of the proposed acquisition of the Barker Bay gold property, as announced via news release on Nov. 5, 2025.

The company received conditional approval for the acquisition from the TSX Venture Exchange on Dec. 4, 2025.

The company continues to work toward satisfying the conditions precedent to closing the acquisition, including the completion of the concurrent private placement described in the company's news release dated Nov. 12, 2025.

The company expects to close the transaction in Q1 (first quarter) 2026, subject to the final approval of the TSX-V.

About Nortec Minerals Corp.

Nortec is a mineral exploration company that holds 100-per-cent interests in two exploration-stage critical mineral (zinc) projects, namely the Sturgeon Lake VMS (volcanogenic massive sulphide) and the Mattagami River zinc properties, both located in Ontario, Canada. Additionally, the company holds a 16.4-per-cent interest in the Tammela gold property in southwestern Finland.

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