Mr. Ryan Hrkac reports

NORTEC ANNOUNCES COMPLETION OF $253,000 NON-BROKERED FLOW-THROUGH PRIVATE PLACEMENT

Nortec Minerals Corp. has completed the first tranche of the previously announced (Nov. 12, 2025) non-brokered private placement of flow-through units for gross proceeds of $253,000.

Non-brokered private placement

The company has completed tranche 1, having closed gross proceeds of $253,000 through the issuance of 3,892,306 units of the company at a price of 6.5 cents per FT unit. Each FT unit consisted of one common share, which was issued as a flow-through share (as defined in Subsection 66(15) of the Income Tax Act (Canada)) and one common share purchase warrant.

Warrant terms:

• Each warrant shall have a term of 36 months, subject to acceleration.
• During the first 18 months after closing of the offering and the FT offering, or any tranche thereof, the exercise price of one full warrant shall be 6.5 cents and thereafter 11 cents per common share.
• Pursuant to the terms of the warrants, if, over a period of 10 consecutive trading days between the date that is four months and one day following the closing date and the expiry date of the warrants, the volume-weighted average price of the common shares on the TSX Venture Exchange or such other stock exchange where the majority of the trading volume occurs exceeds or is equal to 10 cents, the company may, at its sole option, accelerate the expiry date of the warrants, provided that: (i) the company disseminates a press release providing notice of its intention to accelerate the expiry date of the warrants; and (ii) the accelerated expiry date of the warrants falls on or after the 30th trading day after the date of dissemination of such press release, unless exercised by holders prior to such date.

An amount equal to the gross proceeds from the issuance of the FT shares will be used to incur Canadian exploration expenses (as this term is defined in the tax act) that the company may renounce pursuant to the tax act with an effective date not later than Dec. 31, 2025, and that qualify either as flow-through mining expenditures (as this term is defined in the tax act).

No finders' fees are payable in respect of the private placement, and proceeds will be used for exploration activities on its Ontario mineral properties.

The private placement is subject to TSX-V acceptance.

Barker Bay gold property acquisition

The company is pleased to report on the status of the proposed acquisition of the Barker Bay gold property as announced by new release on Nov. 5, 2025.

The company received conditional approval for the acquisition from the TSX Venture Exchange on Dec. 4, 2025, and continues to work toward satisfying the conditions precedent to closing the acquisition, including the completion of the concurrent private placement described in the company's press release dated Nov. 12, 2025.

The company expects to close the transaction in first quarter 2026.

About Nortec Minerals Corp.

Nortec is a mineral exploration company that holds 100-per-cent interests in two exploration-stage critical mineral (zinc) projects, namely the Mattagami River zinc properties and the Sturgeon Lake volcanogenic massive sulphide project, both located in Ontario, Canada. Additionally, the company holds a 17-per-cent interest in the Tammela gold and Tammela lithium projects in southwestern Finland.

We seek Safe Harbor.