CCWOF - Nord Precious Metals Sets Dividend Record Date for Spin-Out of Coniagas Shares and Warrants

(TheNewswire)

• Nord Precious Metals Mining Inc.sets March , 2024 as the record date for the distribution toits shareholders of Coniagas shares and warrants

• Payment date for the distributionwill be March 11, 2024

• Coniagas expects to start trading onthe TSX Venture Exchange on or about March 13 , 2024

Coquitlam, BC – TheNewswire -- February 26, 2024 – Nord Precious Metals Mining Inc.(TSXV: NTH) (OTCQB: CCWOF) (Frankfurt: 4T9B) ("Nord") ispleased to announce that its Board of Directors has fixed March 6,2024 as the record date for the distribution of Coniagas BatteryMetals Inc. (“Coniagas”) shares and warrants to Nord’sshareholders (the “Distribution Record Date”).

On March 11, 2024, Nord’s shareholders of record atthe close of business on the Distribution Record Date will receive oneConiagas common share and one-half of a Coniagas common share purchasewarrant for every 51.5771 Nord shares held. Nord’s shareholders ofrecord on the Distribution Record Date will receive an aggregate of5,874,600 Coniagas common shares and 2,937,300 Coniagas common sharepurchase warrants on a prorata basis based on the number of issued andoutstanding common shares of Nord on the Distribution Record Date. Nofractional Coniagas common shares or warrants will be distributed toNord’s shareholders; all fractional amounts will be rounded down tothe next whole number without any compensation therefor. Any Coniagascommon shares or warrants not distributed as a result of rounding downwill be held by Nord. Each full warrant will entitle the holderthereof to purchase one additional Coniagas common share at a price of$0.40 for a period of two years.

Nord also announces that: Coniagas is acquiring theGraal property from Nord under the previously-announced plan ofarrangement in exchange for 24 million Coniagas shares and12 million Coniagas warrants; Coniagas is closing itspreviously-announced financings for an aggregate amount of $850,000;and Coniagas is expected to start trading on the TSX Venture Exchangeon or about March 13, 2024 under the trading symbol “COS”.

Nord also announces that it obtained a final order fromthe British Columbia Supreme Court on December 8, 2023 for the plan ofarrangement under the CanadaBusiness Corporations Act .

A copy of Coniagas’ TSX Venture Exchange ListingApplication will be available under its profile on SEDAR+.

Coniagas Omnibus Equity IncentivePlan

Coniagas wishes to confirm that pursuant to its OmnibusEquity Incentive Plan, the aggregate number of common shares reservedfor issuance upon the exercise of stock options shall not exceed 10%of the total number of issued and outstanding Coniagas common sharesfrom time to time. As the Omnibus Equity Incentive Plan with respectto stock options is a “rolling plan”, any and all increases in thenumber of issued and outstanding Coniagas shares will result in anincrease to the number of stock options available for issuance underthe Plan. As regards deferred share units, restricted share units andpreferred share units, the aggregate number of common shares reservedfor issuance under the Omnibus Equity Incentive Plan shall not exceed3,025,001 shares.

About Coniagas Battery MetalsInc.

Following the closing of its previously-announced planof arrangement, Coniagas Battery Metals Inc. will be a publicly-tradedexploration and mining company focused on nickel, copper and cobalt innorthern Québec. Coniagas has a near-term goal of completing the workprogram set out in the “NI 43-101 Technical Report Graal Nickel& Copper Project, Saguenay-Lac-St-Jean, Quebec, Canada” datedJanuary 17, 2024, which has the following goals: (i) diamond drillingprogram for 2,000 m of NQ drilling; (ii) metallurgical testing -Develop Process engineering Flowsheet and Pilot plant tests; and (iii)assessment report and consultations with First Nations of Pessamit& Masteuiash.

Coniagas’ strategy is to focus on creating value forstakeholders through the development of its mineral properties for thepurpose of mineral exploration and exploitation, with the intention todevelop Coniagas into a supplier to the EV market. At present,Coniagas is an exploration-stage company with no producing propertiesor material assets.

About Nord Precious Metals MiningInc.

Nord Precious Metals Inc. (formerly Canada SilverCobalt Works Inc.) recently discovered a major high-grade silver veinsystem at Castle East located 1.5 km from its 100%-owned,past-producing Castle Mine near Gowganda in the prolific andworld-class silver-cobalt mining district of Northern Ontario. TheCompany has completed a 60,000 m drill program aimed at expanding thesize of the deposit with an update to the resource estimateunderway.

In May 2020, based on a small initial drill program,the Company published the region’s first 43-101 resource estimatethat contained a total of 7.56 million ounces of silver in Inferredresources, comprising very high-grade silver (8,582 grams per tonneun-cut or 250.2 oz/ton) in 27,400 tonnes of material from two sections(1A and 1B) of the Castle East Robinson Zone, beginning at a verticaldepth of approximately 400 meters. Note that mineral resources thatare not mineral reserves and do not have demonstrated economicviability. Please refer to Nord’s Press Release dated May 28, 2020,for the resource estimate. Report reference: Rachidi, M. 2020, NI43-101 Technical Report Mineral Resource Estimate for Castle East,Robinson Zone, Ontario, Canada, with an effective date of May 28,2020, and a signature date of July 13, 2020.

The Company also has: (1) 14 battery metals propertiesin Northern Quebec where it has recently completed a nearly16,000-metre drill program on the Graal property; (2) the prospective1,000-hectare Eby-Otto gold property close to Agnico Eagle’shigh-grade Macassa Mine near Kirkland Lake, Ontario where it isexploring; and (3) St. Denis-Sangster lithium project – 260 squarekilometers of greenfield exploration ground with numerous pegmatitesfocussed along a significant volcanic sedimentary rock – Archeangranite contact near Cochrane, Ontario contiguous to Power Metals’Case Lake Lithium properties.

Nord’s flagship silver-cobalt Castle mine and 78 sq.km Castle property feature strong exploration upside for silver,cobalt, nickel, gold, and copper. With underground access at the fullyowned Castle Mine, an exceptional high-grade silver discovery atCastle East, a pilot plant to produce cobalt-rich gravityconcentrates, a processing facility (TTL Laboratories) in the town ofCobalt, and a proprietary hydrometallurgical process known as Re-2Ox(for the creation of technical-grade cobalt sulphate as well asnickel-manganese-cobalt (NMC) formulations), Nord is strategicallypositioned to become a Canadian leader in the silver-cobalt space.More information is available at www.nordpreciousmetals.com .

“Frank J. Basa”

Frank J. Basa, P. Eng. Ontario

Chief Executive Officer

For further information, contact:

Frank J. Basa, P. Eng. Ontario.

Chief Executive Officer

416-625-2342

or:

Wayne Cheveldayoff,

Corporate Communications

P: 416-710-2410

E: waynecheveldayoff@gmail.com

Neither the TSX Venture Exchange norits Regulation Service Provider (as that term is defined in thepolicies of the TSX Venture Exchange) accepts responsibility for theadequacy or accuracy of this release.

Caution RegardingForward-Looking Statements

This news release may containforward-looking statements regarding Nord Precious Metals Mining Inc.(the “Company”) and Coniagas Battery Metals Inc. (“Coniagas”)which include, but are not limited to, comments that involve futureevents and conditions, which are subject to various risks anduncertainties. Except for statements of historical facts, commentsthat address the proposed distribution of common shares and commonshare purchase warrants of Coniagas to the shareholders of the Companyand Coniagas trading on the TSX Venture Exchange, resource potential,upcoming work programs, geological interpretations, receipt andsecurity of mineral property titles, availability of funds, and othersare forward-looking. No assurance can be given that any of theforegoing will be achieved. Forward-looking statements are notguarantees of future performance and actual results may varymaterially from those statements. General business conditions arefactors that could cause actual results to vary materially fromforward-looking statements. A detailed discussion of the risk factorsin connection with the proposed plan of arrangement will be set out inthe Company’s management information circular, which will beavailable under the Company’s profile on SEDAR+ at www.sedarplus.ca and on the Company’swebsite .

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