Nord Precious Metals Completes Gowganda Silver Camp Acquisition

Vancouver, B.C. — April 1, 2026 — Leads & Copy — Nord Precious Metals Inc. has finalized its acquisition of four mining leases in the Gowganda Silver Camp of Ontario, according to a recent announcement by the company (TSXV: NTH, OTCQB: CCWOF, FF: QN3).

The acquisition, completed on March 31, 2026, involves the Gowganda Property and was executed under an amended and restated asset purchase agreement dated March 31, 2026. The agreement was between Nord, Battery Mineral Resources Corp. (“BMR”), and North American Cobalt Inc. (“NACI”), modifying a prior agreement from January 5, 2025.

Under the terms of the Definitive Agreement, Nord has acquired four mining leases (LEA-109391 – LEA109394) that constitute the Gowganda Property from NACI, a wholly-owned subsidiary of BMR. The consideration for the acquisition included:

• $1,000,000 in cash paid on the closing date.
• The issuance of 4,401,408 common shares of Nord to BMR on behalf of NACI, priced at $0.284 per share.
• A 3.0% net smelter returns royalty on the Gowganda Property.
• Deferred consideration of $1,250,000 payable on each of the first, second, and third anniversaries of the closing date, totaling $3,750,000.

Nord retains the option to satisfy up to 50% of each deferred payment in Nord Shares. The share price for this purpose will be determined as the greater of (i) the 25-day volume-weighted average trading price per Nord common share on the TSXV, up to the last trading day before the payment date, and (ii) the minimum price allowed by the TSXV.

However, the total number of Nord Shares issued for the deferred consideration is capped at 10,938,610. Any remaining balance exceeding this limit must be settled in cash. The Nord Shares issued will be subject to a statutory hold period of four months and one day from the issuance date.

The completion of the transaction is still contingent upon final approval from the TSXV.

Mr. Frank J. Basa, P.Eng. (PEO), a director at Nord Precious Metals, has approved the technical information in the release. He is a qualified person as defined by National Instrument 43-101.

Nord operates TTL Laboratories, a permitted high-grade milling facility in the Cobalt Camp of Ontario. The company focuses on linking high-grade silver discovery with strategic metals recovery operations. Nord’s flagship Castle property includes 63 sq. km of exploration ground and the Castle Mine. Drilling at the Castle East discovery has outlined inferred resources of 7.56 million ounces of silver at an average grade of 8,582 g/t Ag (250.2 oz/ton) in 27,400 tonnes of material from two sections of the Castle East Robinson Zone, starting at a vertical depth of about 400 meters. These resources are considered historical and require further work to be categorized as current.

Nord's processing strategy facilitates multiple metal recovery streams, with high-grade silver recovery supporting the extraction of critical minerals, including cobalt, nickel, and other battery metals. The Re-2Ox hydrometallurgical process, validated at pilot scale through SGS Lakefield, addresses arsenic barriers in complex silver-cobalt ores, producing battery-grade cobalt sulphate and other metal products. This approach, along with existing infrastructure, positions Nord in Ontario’s critical minerals supply chain.

The company also holds a 35% stake in Coniagas Battery Metals Inc. (TSXV: COS) and owns the St. Denis-Sangster lithium project in Northern Quebec and Ontario.

Source: Nord Precious Metals