Mr. Frank Basa reports

NORD PRECIOUS METALS ANNOUNCES UNIT FINANCING

Nord Precious Metals Mining Inc. has arranged a non-brokered private placement financing of up to 13,333,333 units of the company at a price of 15 cents per unit raising gross proceeds of $2-million, subject to TSX Venture Exchange approval.

Each unit comprises one common share and one share purchase warrant of the company, whereby each warrant entitles the holder to purchase an additional share for a period of three years from closing at a price of 20 cents per warrant share.

Finders' fees may be paid to eligible finders in connection with the financing. All finders' fees are also subject to exchange approval.

The company intends to use the proceeds of the financing for exploration on its Castle East project, Gowganda, Ont., and for general working capital and administration costs.

The company is conducting the financing in jurisdictions outside of Canada and the United States in reliance on Ontario Securities Commission Rule 72-503, Distributions Outside Canada. The shares, warrants and warrant shares are not expected to be subject to a hold period in Canada.

About Nord Precious Metals Mining Inc.

Nord Precious Metals operates TTL Laboratories, the only permitted high-grade milling facility in the historic Cobalt camp of Ontario, where the company has established an integrated position connecting high-grade silver discovery with strategic metals 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 (g/t) silver (Ag) (250.2 ounces per ton (oz/t)) 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. Mineral resources that are not mineral reserves do not have demonstrated economic viability. Please refer to the Nord Precious Metals news release of May 27, 2020, for the resource estimate. The above resource is now considered a historical resource. Insufficient work has been done to categorize the above historical estimate as current. Significant additional diamond drilling and analytical work along with modelling is required before a new resource estimate can be compiled.

Nord's integrated processing strategy enables multiple metal recovery streams. High-grade silver recovery supports the economics of extracting critical minerals, including cobalt, nickel and other battery metals. The Re-2Ox hydrometallurgical process, validated at pilot scale through SGS Lakefield, eliminates the typical arsenic barriers in complex silver-cobalt ores while producing battery-grade cobalt sulphate and other metal products to customer specifications. This multimetal approach, combined with established infrastructure including TTL Laboratories and underground mine access, positions Nord within Ontario's emerging critical minerals supply chain.

The company maintains a strategic portfolio of battery metals properties in Northern Quebec through its approximately 35-per-cent ownership in Coniagas Battery Metals Inc., as well as the St. Denis-Sangster lithium project, comprising 32 square kilometres of prospective ground near Cochrane, Ont.

Qualified person

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

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