Mr. Frank Basa reports

NORD PRECIOUS METALS ANNOUNCES AMENDMENT TO ITS NON-BROKERED LIFE FINANCING

Further to the news release dated Sept. 15, 2025, Nord Precious Metals Mining Inc. has amended its previously filed listed issuer financing exemption offering document.

The company will be raising 13,056,041 units at a price of 12 cents per share for gross proceeds of $1,566,724 through the LIFE offering document. In addition, the company intends to complete a financing by way of a non-brokered private placement of up to 20,277,292 units at a price of 12 cents per share for gross proceeds of $2,433,275 whereby Research Capital Corp. is the exclusive finder assisting with the offering.

Each unit will consist of one common share of the company and one common share purchase warrant of the company. Each warrant will entitle the holder to purchase an additional common share at an exercise price of 15.5 cents for a period of five years following the closing of the offering.

Nord's primary business objective over the next 12 months is to increase the silver resource at the Castle East property and identify potential economics of tailings processing and metal recovery from tailings.

Nord intends to use the net proceeds from the offering to test tailings recovery through the Ontario Ministry's unique recovery permit and continue pilot-scale testing of the Re-2Ox process with SGS Lakefield. Diamond drilling will continue on the Castle East property to test new targets and, using new intersections, update the company's resource estimate.

Over the next 12 months, Nord expects to:

1. Advance Castle East targeting and resource work; begin the fall drill program guided by the recent 3-D model and reinterpretation, and incorporate results into the next resource update (press release dated Aug. 26, 2025);
2. Submit recovery permit materials and prepare potential tolling templates; finalize the single-application approach that may include potential toll processing of adjacent properties and standardize commercial tolling templates for district tailings owners;
3. Progress Re-2Ox from bench to pilot with SGS Lakefield; complete arsenic-balance work, unit-op selection and pilot-ready testwork; maintain refinery optionality under the non-binding memorandum of understanding (press releases dated 2018; Feb. 6, 2025; and June, 2025);
4. Finance administrative expenses, including legal, audit, overhead and consulting fees for the ensuing 12 months.

The units will be offered for sale pursuant to the listed issuer financing exemption under Part 5A of National Instrument 45-106 (Prospectus Exemptions) as amended by Coordinated Blanket Order 45-935 (Exemptions from Certain Conditions of the Listed Issuer Financing Exemption) and Section 2.3. The offering is being made in all provinces of Canada (except Quebec) and other qualifying jurisdictions, including the United States. The units offered under the listed issuer financing exemption will be immediately free-trading under applicable Canadian securities laws. Units sold to subscribers resident in the United States will be subject to additional restrictions on trade.

The amended offering document related to this offering can be accessed under the company's profile at SEDAR+ and at the company's website. Prospective investors should read this amended offering document before making an investment decision.

The offering is anticipated to close on or around Oct. 9, 2025, or such later date as the company may determine. The closing is subject to certain conditions, including, but not limited to, the receipt of all necessary regulatory and other approvals, including the approval of the TSX Venture Exchange.

The finders will receive a cash commission of 8 per cent of the aggregate gross proceeds of the offering from subscribers introduced to the company by the finders and such number of finders' warrants as is equal to 8 per cent of the number of units sold under the offering to subscribers introduced to the company by the finders. Each finder's warrant entitles the holder to purchase one common share at an exercise price equal to the offering price for a period of five years from the date of the closing.

In connection with the offering, the company has entered into an advisory agreement with Research Capital, pursuant to which the adviser provided financial advisory, consulting and support services in connection with the offering. In consideration for the advisory services, the company will pay the adviser a work fee equal to $25,000 and issue 175,000 adviser shares at a deemed price of 12 cents per share. The adviser shares will be subject to a four-month-and-one-day hold period in accordance with Canadian securities laws.

The finders' warrants and the adviser shares are subject to a four-month-and-a-day hold period pursuant to applicable Canadian securities laws.

About Nord Precious Metals Mining Inc.

Nord Precious operates the only permitted high-grade milling facility in the historic Cobalt camp of Ontario, where the company has established a unique position integrating high-grade silver discovery with strategic metal recovery operations. The company's flagship Castle property encompasses 63 square kilometres of exploration ground and the past-producing Castle mine, complemented by the Castle East discovery where drilling has delineated 7.56 million ounces of silver in inferred resources grading an average of 8,582 grams per tonne silver (250.2 ounces per ton).

Nord's integrated processing strategy leverages the synergistic value of multiple metals. High-grade silver recovery supports the economics of extracting critical minerals including cobalt, nickel and other battery metals, while the company's proprietary Re-2Ox hydrometallurgical process enables production of technical-grade cobalt sulphate and nickel-manganese-cobalt formulations. This multimetal approach, combined with established infrastructure including TTL Laboratories and underground mine access, positions Nord to capitalize on both precious metal markets and the growing demand for battery materials.

The company maintains a strategic portfolio of battery metal properties in Northern Quebec including its 35-per-cent ownership in Coniagas Battery Metals Inc., as well as the St. Denis-Sangster lithium project comprising 260 square kilometres of prospective ground near Cochrane, Ont.

We seek Safe Harbor.