Mr. Matthew Halliday reports

NORD PRECIOUS METALS POISED TO CAPITALIZE ON ACCELERATING SILVER DEMAND DRIVEN BY SOLAR PANEL TECHNOLOGY ADVANCEMENTS

Nord Precious Metals Mining Inc., in conjunction with TTL (Temiskaming Testing Laboratories), is strategically positioned to maximize the monetization of silver resources amidst the escalating demand fuelled by advancements in solar panel technology.

As highlighted in recent articles by Bloomberg and insights from Mordor Intelligence, the solar energy market is undergoing rapid expansion, with the installed base expected to surge from 1,840 gigawatts in 2024 to 5,080 gigawatts by 2029, representing a compound annual growth rate (CAGR) of 28.82 per cent. This growth trajectory is propelled by favourable government policies, declining solar panel prices and increasing adoption of solar photovoltaic (PV) systems, particularly in the Asia-Pacific region.

Matthew Halliday, PGeo, president of Nord Precious Metals, expressed: "These are exciting times for North America, as well as for our company in collaboration with TTL. With our existing equipment capable of producing silver dore, we anticipate minimal capital expenses for the production of precursors to silver paste. The cobalt-rich camp and surrounding regions boast an abundance of critical metals essential for green initiatives. We are committed to positioning North America not only as a primary source for mineral extraction but also as a hub for refining and manufacturing end products."

Gregor Gregersen, founder of Silver Bullion, emphasized, "Solar is a great example of how inelastic demand for silver is," underscoring the pivotal role of silver in the solar energy sector.

Nord Precious Metals, in collaboration with TTL, is actively exploring avenues to enhance the monetization of silver resources. Building upon its previous news release, Nord Precious Metals is investigating parts of the silver paste manufacturing stream to optimize silver extraction processes to produce valuable inputs for that industry and increase future monetization potential.

Despite the burgeoning demand, world silver supply has been constrained in recent years. Mine production slipped by 6.7 per cent to 842 million ounces in 2023 from a peak of 899 million ounces in 2016, while at the same time world silver demand increased by 19 per cent over the seven-year period to 1.17 billion ounces in 2023, according to statistics supplied by The Silver Institute in its World Silver Survey 2023. Part of the problem in increasing supply is the rarity of primary silver mines and deposits that can be easily and quickly put into production, with about 80 per cent of the metal coming from lead, zinc, copper and gold projects with silver as a byproduct. According to a research paper published by solar experts at the University of New South Wales, solar manufacturers will likely require over 20 per cent of the current annual silver supply by 2027 and, by 2050, solar panel production will use approximately 85 per cent to 98 per cent of the current global silver reserves ("The silver learning curve for photovoltaics and projected silver demand for net-zero emissions by 2050," published in Progress in Photovoltaics, volume 31, issue 6, June, 2023).

Nord Precious Metals recognizes the significance of innovative approaches to maximize silver recovery, profitability and capitalize on emerging market opportunities.

As the global solar energy market continues to evolve, Nord Precious Metals remains committed to leveraging its expertise in silver and cobalt exploration to meet the growing demands of emerging industries.

About Nord Precious Metals Mining Inc.

Nord Precious Metals Mining (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/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 and do not have demonstrated economic viability. Please refer to Nord's press release dated May 28, 2020, for the resource estimate.

The company also has: (1) 14 battery metals 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'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 is strategically positioned to become a Canadian leader in the silver-cobalt space.

We seek Safe Harbor.