Mr. Frank Basa reports

NORD PRECIOUS METALS' TEST WORK FROM BEAVER MINE TAILINGS PRODUCES COMMERCIAL HIGH-GRADE SILVER CONCENTRATE

Nord Precious Metals Mining Inc. has completed additional testing demonstrating commercial high-grade concentration to 2,114.9 grams per tonne using Falcon concentration technology, representing a 1,173-per-cent concentration factor of Beaver mine stamp mill tailings.

"These results validate both our technical approach and our district strategy," stated Frank J. Basa, PEng, president and chief executive officer. "Material already mined sits at surface. The metallurgy is proven. The regulatory pathway is clear. The ministry's guidance on toll processing confirms what we've designed: a hub-and-spoke model that works at the regulatory level."

Two distinct concentration methods were tested on Beaver tailings samples. Material with head assays of 180.3 grams per tonne and 205.8 g/t silver concentrated to 1,268.6 g/t using spiral technology (representing 616- to 703-per-cent concentration) and 2,114.9 g/t using Falcon concentration (1,028- to 1,173-per-cent concentration). Further processing using conventional gravity tables is expected to increase concentration ratios beyond these preliminary results.

The testwork builds on a 354-metre of sonic drill program in 2020 that evaluated tailings across 127 drill holes, with grades ranging from 13.7 g/t to 314 g/t silver and an average grade of 79.0 g/t Ag, along with 165.8 parts per million cobalt, 341.9 ppm copper and 114.1 ppm nickel. The coarse grain size of these stamp mill tailings, which may contain fine native silver, makes them amenable to gravity concentration. This is a simpler, lower-cost processing method than flotation or leaching.

At 2,114.9 g/t silver in concentrate, the results place Beaver tailings within specifications acceptable to silver refineries. The difference in concentration factors between spiral (703 per cent) and falcon (1,173 per cent) technology suggests significant fine native silver in the tailings: particles small enough that historical stamp mills could not capture but are recoverable through modern gravity circuits.

District-scale processing framework

The company has received formal guidance from Ontario's Ministry of Energy and Mines confirming that toll processing arrangements (whereby Nord would process tailings from adjacent properties) can be included in its forthcoming recovery permit application. The ministry's written response received Aug. 29 confirms this positioning for the company's Temiskaming testing labs facility as a potential processing hub for the Cobalt-Gowganda camp's legacy tailings, a district where 108 underground mines historically produced 600 million ounces of silver.

Nord has engaged Story Environmental, based in Haileybury, Ont., to advise on permitting steps toward processing under Ontario's recovery permit framework as part of the company's continuing voluntary environmental remediation at the Beaver mine site. The company has maintained agreements with three first nations groups for years, ensuring social licence and community support. The testing program incorporated closed-loop water recycling protocols, anticipating permit conditions in a jurisdiction where water management drives regulatory scrutiny.

Commissioning of the company's already-acquired automated 600-tonne-per-day modular gravity plant is scheduled upon permit receipt. Initial processing is targeted to begin in 2026.

Qualified person

The technical information in this news release was approved and prepared under the supervision of Frank J. Basa, PEng (PEO), director of Nord Precious Metals, a qualified person in accordance with National Instrument 43-101.

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 g/t Ag (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 and do not have demonstrated economic viability. Please refer to the Nord Precious Metals press release dated May 27, 2020, for the resource estimate.

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 through 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.

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