Mr. Frank Basa reports

NORD PRECIOUS METALS SETS DIVIDEND RECORD DATE FOR SPIN-OUT OF CONIAGAS SHARES AND WARRANTS

Nord Precious Metals Mining Inc.'s board of directors has fixed March 6, 2024, as the record date for the distribution of Coniagas Battery Metals Inc. shares and warrants to Nord Precious's shareholders.

On March 11, 2024, Nord Precious's shareholders of record at the close of business on the distribution record date will receive one Coniagas common share and one-half of a Coniagas common share purchase warrant for every 51.5771 Nord Precious shares held. Nord Precious's shareholders of record on the distribution record date will receive an aggregate of 5,874,600 Coniagas common shares and 2,937,300 Coniagas common share purchase warrants on a pro rata basis based on the number of issued and outstanding common shares of Nord Precious on the distribution record date. No fractional Coniagas common shares or warrants will be distributed to Nord Precious's shareholders. All fractional amounts will be rounded down to the next whole number without any compensation therefor. Any Coniagas common shares or warrants not distributed as a result of rounding down will be held by Nord Precious. Each full warrant will entitle the holder thereof to purchase one additional Coniagas common share at a price of 40 cents for a period of two years.

Nord Precious also announces that: Coniagas is acquiring the Graal property from Nord Precious under the previously announced plan of arrangement in exchange for 24 million Coniagas shares and 12 million Coniagas warrants. Coniagas is closing its previously announced financings for an aggregate amount of $850,000. Coniagas is expected to start trading on the TSX Venture Exchange on or about March 13, 2024, under the trading symbol COS.

Nord Precious also announces that it obtained a final order from the B.C. Supreme Court on Dec. 8, 2023, for the plan of arrangement under the Canada Business Corporations Act.

A copy of Coniagas's TSX Venture Exchange listing application will be available under its profile on SEDAR+.

Coniagas omnibus equity incentive plan

Coniagas wishes to confirm that pursuant to its omnibus equity incentive plan, the aggregate number of common shares reserved for issuance upon the exercise of stock options shall not exceed 10 per cent of the total number of issued and outstanding Coniagas common shares from time to time. As the omnibus equity incentive plan with respect to stock options is a rolling plan, any and all increases in the number of issued and outstanding Coniagas shares will result in an increase to the number of stock options available for issuance under the plan. As regards deferred share units, restricted share units and preferred share units, the aggregate number of common shares reserved for issuance under the omnibus equity incentive plan shall not exceed 3,025,001 shares.

About Coniagas Battery Metals Inc.

Following the closing of its previously announced plan of arrangement, Coniagas will be a publicly traded exploration and mining company focused on nickel, copper and cobalt in Northern Quebec. Coniagas has a near-term goal of completing the work program set out in the "NI 43-101 Technical Report Graal Nickel & Copper Project, Saguenay-Lac-Saint-Jean, Quebec, Canada," dated Jan. 17, 2024, which has the following goals: (i) diamond drilling program for 2,000 metres of NQ drilling; (ii) metallurgical testing -- develop process engineering flow sheet and pilot plant tests; and (iii) assessment report and consultations with first nations of Pessamit and Masteuiash.

Coniagas's strategy is to focus on creating value for stakeholders through the development of its mineral properties for the purpose of mineral exploration and exploitation, with the intention to develop Coniagas into a supplier to the electric vehicle market. At present, Coniagas is an exploration-stage company with no producing properties or material assets.

About Nord Precious Metals Mining Inc.

Nord Precious (formerly Canada Silver Cobalt Works Inc.) recently discovered a major high-grade silver vein system at Castle East located 1.5 kilometres from its 100-per-cent-owned, past-producing Castle mine near Gowganda in the prolific and world-class silver-cobalt mining district of Northern Ontario. The company has completed a 60,000-metre drill program aimed at expanding the size of the deposit with an update to the resource estimate under way.

In May, 2020, based on a small initial drill program, the company published the region's first National Instrument 43-101 resource estimate that contained a total of 7.56 million ounces of silver in inferred resources, comprising very high-grade silver (8,582 grams per tonne uncut or 250.2 ounces per ton) in 27,400 tonnes of material from two sections (1A and 1B) of the Castle East Robinson zone, beginning at a vertical depth of approximately 400 metres. Note that mineral resources that are not mineral reserves do not have demonstrated economic viability. Report reference: M. Rachidi, 2020, NI 43-101 technical report, mineral resource estimate for Castle East, Robinson zone, Ontario, Canada, with an effective date of May 28, 2020, and a signature date of July 13, 2020.

The company also has: (1) 14 battery metal properties in Northern Quebec, where it has recently completed a nearly 16,000-metre drill program on the Graal property; (2) the prospective 1,000-hectare Eby-Otto gold property close to Agnico Eagle's high-grade Macassa mine near Kirkland Lake, Ont., where it is exploring; and (3) St. Denis-Sangster lithium project, 260 square kilometres of greenfield exploration ground with numerous pegmatites focused along a significant volcanic sedimentary rock-Archean granite contact near Cochrane, Ont., contiguous to Power Metals' Case Lake lithium properties.

Nord Precious's flagship silver-cobalt Castle mine and 78-square-kilometre Castle property feature strong exploration upside for silver, cobalt, nickel, gold and copper. With underground access at the fully owned Castle mine, an exceptional high-grade silver discovery at Castle East, a pilot plant to produce cobalt-rich gravity concentrates, a processing facility (TTL Laboratories) in the town of Cobalt and a proprietary hydrometallurgical process known as Re-2Ox (for the creation of technical-grade cobalt sulphate, as well as nickel-manganese-cobalt (NMC) formulations), Nord Precious is strategically positioned to become a Canadian leader in the silver-cobalt space.

We seek Safe Harbor.