Mr. Ryan Hrkac reports

NORTEC COMPLETES DEBT SETTLEMENT

Nortec Minerals Corp. has received TSX Venture Exchange approval of the previously announced proposed $57,500 debt settlement (see news release dated March 31, 2026).

"This shares for debt exchange, coupled with having recently completed financings for $555,000 hard dollars and $303,000 of flow-through dollars, provides a solid footing to advance our high-grade gold projects in Ontario and Nevada," stated Ryan Hrkac, chief executive officer.

The company entered into a debt settlement agreement with an arm's-length service provider to settle an aggregate of $57,500 indebtedness for an aggregate of 1.15 million common shares of the company at a deemed price of five cents per share.

In accordance with applicable securities laws, all securities issued under the shares for debt settlement agreement are subject to a four-month-and-one-day hold period from the date of issuance.

About Nortec Minerals Corp.

Nortec is a mineral exploration company focused on identifying gold and copper properties with high discovery potential and advancing those projects to create outsized shareholder value. Current property holdings comprise 100-per-cent interests in two exploration stage critical mineral (zinc) projects, namely the Sturgeon Lake VMS and the Mattagami River zinc properties, both located in Ontario, Canada. Additionally, the company holds a 16.4-per-cent interest in the Tammela Gold in southwest Finland.

On Nov. 5, 2025, the company announced that it entered into an asset purchase agreement to acquire the Barker Bay gold property, located in Ontario, Canada.

On Feb. 25, 2026, the company announced that it entered into an option agreement to acquire the high-grade, past-producing Pearl gold project, located in Nevada, United States.

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