NTH:CC - Nord Precious Metals Unveils New Silver Zone at Castle East; Introduces All-Stars Zone with up to 5441 gpt Silver

(TheNewswire)

The prolific Miller Lake Basinproduced over 60M ounces of Silver from limited mining of thenorthwestern edge, there remains the opportunity to explore anddiscover new mineralization.

May 21, 2024 – TheNewswire - Coquitlam, BC - Nord Precious Metals MiningInc., (TSXV: NTH) (OTCQB: CCWOF) (Frankfurt:4T9B) (the "Company" or "Nord” or “Nord PreciousMetals”), a prominent exploration company specializing in silver andcobalt, is thrilled to announce the discovery of a significant newsilver zone at the Castle East property, named the "AllStars" zone. This exciting discovery marks a pivotal moment inthe development of Castle East and underscores the potential forsubstantial silver resources within the project area.

Highlights:

• New high-grade silver mineralized “All-Stars” zonediscovered 400 – 500 meters from the high-grade silver Robinsonzone

• Two separate vein structures grading 5,441 and 3,730grams per tonne (gpt) silver discovered in the former Capitol Silvermine, now on Nord mining leases

• Potential for a massive, mineralized silver – cobaltdiscovery in an area where only 25 percent has been historicallyexplored and developed to produce 60 million ounces of silver

Nord Precious Metals is pleased to report significantsilver intercepts from the recent drilling campaign at the“All-Stars” zone. In hole CS-23-123, the company interceptednotable silver mineralization, including a high-grade interval of5,441.4 grams per tonne (gpt) silver over 0.37 meters at a depth of446.55-446.92 meters downhole. Additionally, an intercept from461.25-462 meters (0.75 meters) returned 3,730 gpt silver. Theseintercepts demonstrate the rich silver potential within the projectarea.

Click Image To View Full Size

Figure 1 : Portionof Interval CS-23-123, 446.55m, 5,441.4 gpt Ag

This new mineralization is about 400-500 meters awayfrom the Robinson and Big Silver veins. In the Gowganda context, thatis huge as there isn’t a large distance required to have significantand distinct mineralization in these types of systems. By looking atthe historic mining in the area, there is continuity of these veins running many hundreds of meters and with verticalextents over many levels in the mines. This represents the first timewe have really entered the historic Capitol Mine system directly, andit will be interesting to see if it extends toward the Robinson. Thereis some geophysical evidence and mineralogical evidence of asignificant east-west trend there.

The Capitol and O’Brien mines in Gowganda producedabout 52.02 million ounces of silver and 1.6 million pounds of cobaltof the over 60 million ounces produced in Gowganda. ( Gowganda | Battery Mineral ResourcesCorp. (bmrcorp.com) ) This is the first timeNord Precious Metals has investigated the mineralization of theCapitol extending onto Nord’s leases. We are aware that the systemwas never completely mined out due to infrastructure constraintsbecause ore from deeper levels had to be handled a number of timesthrough a series of winzes before being hoisted to surface. ( PROSPECTUS OF MILNER CONSOLIDATEDSILVER MINES LTD (gov.on.ca) )

“The opportunity here in Gowganda is significant. Wemust remember that only about 25 percent or less of the Miller LakeBasin was mined - almost all of which was in the northwestern edge ofthe basin ’the low hangingfruit’ . Extensions from the Capitol Minesystem are an important part at expanding resources,” commentedMatthew Halliday, P.Geo., President of Nord Precious Metals. "Wehave multiple targets to explore, and a big system to do itin.”

The first intercept at 446.55 meters is situatedbetween two historic stopes of the Capitol Mine, indicating continuityof mineralization within the established mining areas. The subsequentintercept at 461.25 meters extends beyond the second stope,highlighting the potential for mineralization expansion intopreviously unexplored zones.

Hole CS-23-123 intersected Nipissing Diabase, theprimary lithology hosting silver and cobalt mineralization, from 351.9to 471 meters downhole. Additional analyses for cobalt and silver areunderway, focusing on identified mineralized zones such as a calcitevein with cobalt at 390.9 meters and trace silver and cobalt in a veinat 392.8 meters downhole. Cobalt mineralization was also observed inveins at 434.4 and 442.7 meters, with another vein logged at 462.7meters downhole.

In light of the "All Stars" zone discovery,Nord Precious Metals plans on initiating infill drilling on a gridbetween the "All Stars" zone and the Robinson Zone - anotherkey vein system within the Castle East property. This strategicdrilling campaign aims to investigate potential linkages between thesevein systems and unlock additional mineralizationopportunities.

"We are thrilled to unveil the discovery of the'All Stars' zone at Castle East, marking a turning point in ourexploration endeavours," commented Matthew Halliday, P.Geo.,President of Nord Precious Metals. "It is imperative that weconduct infill drilling to thoroughly assess the connectivity betweenthe 'All Stars' zone and the Robinson Zone, as we believe this couldreveal valuable insights into the property's geologicalpotential."

Table 1: Location of holes, Nad83 Zone17N

Table 2: Key Intercepts

Nord Precious Metals remains committed to advancingexploration efforts at Castle East and leveraging its expertise tomaximize the value of its silver and cobalt resources, as well as toexploring and unlocking the full potential of the Gowganda Camp. Withthese promising initial results, we are poised to continue ourrigorous exploration efforts, furthering our understanding of theregion's geological intricacies and unlocking its mineral wealth. Interested investors can access informationabout Nord Precious Metals at its website, NordPreciousMetals.com and its social media channels at X(Twitter), LinkedIn,Facebook, and YouTube for which links are available on the Company’swebsite.

Qualified person

The technical information in this news release wasapproved by and prepared under the supervision of Matthew Halliday,P.Geo., (PGO), President and COO Nord Precious Metals., a qualifiedperson in accordance with National Instrument 43-101.

Quality Control and ReportingProtocols

The 2023 assay results are from Temiskaming TestingLaboratories (TTL) in Cobalt, Ontario. The drill program, qualityassurance, quality control (QAQC), and interpretation of results areperformed by qualified persons employing procedures consistent with NI43-101 and industry best practices. Standards and blanks are includedwith every 20 samples for QAQC purposes for this program in additionto the lab QAQC.

About Nord Precious Metals MiningInc.

Nord Precious Metals Mining Inc. (formerly CanadaSilver Cobalt Works Inc.) recently discovered a major high-gradesilver vein system 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 the Nord Precious Metals (previously CanadaSilver Cobalt Works) Press Release May 28, 2020, for the resourceestimate. Report reference: Rachidi, M. 2020, NI 43-101 TechnicalReport Mineral Resource Estimate for Castle East, Robinson Zone,Ontario, Canada, with an effective date of May 28, 2020, and asignature date of July 13, 2020.

The Company also has: (1) 14 battery metals propertiesin Northern Quebec where it has recently completed a 16,000-metredrill program; (2) the prospective 1,000-hectare Eby-Otto goldproperty close to Agnico Eagle’s high-grade Macassa Mine nearKirkland Lake, Ontario where it is exploring. And (3) St.Denis-Sangster lithium project – 260 square kilometers of greenfieldexploration ground with numerous pegmatites focussed along asignificant volcanic sedimentary rock – Archean granite contact nearCochrane, Ontario contiguous to Power Metals’ Case Lake Lithiumproperties.

Nord Precious Metal’s flagship silver-cobalt Castlemine and 78 sq. km Castle property feature strong exploration upsidefor silver, cobalt, nickel, gold, and copper. With underground accessat the fully owned Castle Mine, an exceptional high-grade silverdiscovery at Castle 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 Precious Metals isstrategically positioned to become a Canadian leader in thesilver-cobalt space. More information is available at

www.nordpreciousmetals.com

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“Frank J. Basa”

Frank J. Basa, P. Eng. Professional EngineerOntario

Chief Executive Officer

For further information, contact:

Frank J. Basa

Chief Executive Officer

416-625-2342

or:

Wayne Cheveldayoff,

Corporate Communications

P: 416-710-2410

E: waynecheveldayoff@gmail.com

Caution Regarding Forward-LookingStatements

Neither the TSX Venture Exchange norits Regulation Services Provider (as that term is defined in thepolicies of the TSX Venture Exchange) accepts responsibility for theadequacy or accuracy of this release. This news release may containforward-looking statements which include, but are not limited to,comments that involve future events and conditions, which are subjectto various risks and uncertainties. Except for statements ofhistorical facts, comments that address resource potential, upcomingwork programs, geological interpretations, receipt and security ofmineral property titles, availability of funds, and others areforward-looking. Forward-looking statements are not guarantees offuture performance and actual results may vary materially from thosestatements. General business conditions are factors that could causeactual results to vary materially from forward-looking statements. The Company does not undertake to update anyforward-looking information in this news release or othercommunications unless required by law.

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