Mr. Minaz Devji reports

NORRA METALS ANNOUNCES APPLICATION TO PARTIALLY REVOKE CEASE TRADE ORDER

Norra Metals Corp. has applied to partially revoke the cease trade order (the CTO) issued against the company by the British Columbia Securities Commission (the BCSC) on April 5, 2023. The CTO was issued due to the company's failure to file certain financial disclosure documents in compliance with National Instrument -- 51-102 Continuous Disclosure Obligations.

If the BCSC partially revokes the CTO, the company intends to complete a non-brokered private placement for aggregate gross proceeds of up to $259,500, for an offering of up to 17.3 million unit at the subscription price of 1.5 cents per unit for gross proceeds of $259,500. Each unit shall comprise one common share and one share purchase warrant, whereby each share purchase warrant is exercisable for one further common share of the company at an exercise price of five cents per share for a two-year term. The company intends to use the aggregate proceeds of up to $259,500 raised from the private placement to resolve outstanding fees, prepare audited financial statements and pay all other costs associated with applying for a full revocation of the CTO.